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Foreign Buyers Hop on Rental Trend

"We are buying the houses up, and I'd say unashamedly at very, very cheap prices, but I don't see much of us crowding out other home buyers," said Mr. Dixon of US Masters, who now lives in Manhattan and peppers his conversation with references to the 1990s American TV shows he watched in his youth, like "The Simpsons" and "Seinfeld."

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