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They can be rebuilt, but it won't be cheap. Its often more cost and time effective to just buy a new turbo. Turbocharger bearings are not the crap you pick up at Ace hardware - the precision and manufacturing effort that goes into turbo bearings is way beyond anything else found on a car, and the cost reflects that. Call up someone that rebuilds turbos and get an estimate. Some places will even upgrade oil-journal turbos to ball bearings if you have the money.
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