Bill Janovitz notes: "The housing market around here is just a mirror on the debate going on in this country about the 99 percent vs. the 1 percent. ... Towns around Boston with great schools and easy commuting locations pull in folks with deep pockets, who buy large new houses that are built where more modest homes once stood. Property taxes rise for the new house ... feeding the school system and town services, and the cycle continues in an upward spiral. But what about the towns just across the borders?" [Boston Daily]
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