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Before the real estate bust, people who ended up owning the properties often made windfall profits.

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Property value drops from $700,000 to $11,000 in one year. What?!

Strange case illustrates impact of decisions on property values

Gerald Rutz retired from teaching in the Phoenix area and moved to the Rim Country to live the good life. He decided to invest in tax liens — a good business — until it wasn’t.


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