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Tapped Out

Paul McMorrow of CommonWealth Magazine analyzes the end of homes as ATMs: "Housing declines have hurt populations that have been hit the hardest by stagnant incomes and the widening gap between the rich and the poor. Statewide home prices are off their 2005 peak by 16 percent, but in Weston, they’re off by 10 percent. Newton home prices remain just off their all-time high. By contrast, home prices in Chelsea and Roxbury are now 40 percent lower than their peak." [Globe]