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Do They Have Anything In A Nice Yurt?
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It's spreading: Speculators are buying homes and putting them up for rent all over the place now (this article's about the East Tennessee area). This artificially drives housing prices up, pushing them beyond the reach of many, and allows the buyers to control the rental market, possibly pushing rental prices up. Are we racing to a point where real estate speculators will make it impossible for some folks to afford to live anywhere? Or is this a bubble ripe for bursting, in which case what happens to all those houses? (Knoxville News-Sentinel; Thanks to Frank Murphy at WWST (Star 102.1)/Knoxville for the link)
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