Thursday, March 03, 2005

"Like Winning the Lottery"

Who should know better about a good bet than folks in Atlantic City? With so many second-home investors scooping up houses in southern New Jersey, the Press of Atlantic City said "it's like winning the lottery" for lucky locals. Longtime shore residents are getting enough for their houses (and some are hardly more than shacks) to trade up to bigger quarters on the mainland... and "they often have a sizable amount of cash remaining." Makes you wonder when Vegas will start offering odds on house prices in that white-hot market.

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