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Why do people buy these websites that are generating $5 a day in Adsense revenue for $1000+,.. it would seem like a forever to get ROI. What am I missing?

Just curious if anyone actually makes any money buying domains that "advertise" existing traffic. All the domains I research seem like BS once I check them out on: alexa (I check up and downstream traffic to see if it makes sense) ranking quantcast Is this a valid strategy,.. or should I be...