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Home buyer loses bidding war with N. Hempstead

Looking to move out of a tight condo in Rego Park, John Pai looked east to Manhasset as a potential home for his family of four. He wanted good schools for his two young children and an easier commute to his job as a computer consultant in Nassau County.

For just $590,000 - $200,000 less than comparable homes in Manhasset - Pai said he found the house he wanted. And he thought he had it....

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