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You're Better Off Playing The Lotto
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The only reaction I can have to the news that Phoenix's current increases in home sales can be attributed to outside investors looking to buy low and sell high is: Isn't this one of the things that got us in trouble in the first place? It's nice that people are betting on a rebound, but having all those properties owned by speculators bidding prices up isn't necessarily the best way to recover. (Arizona Republic)
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