Thursday, October 26, 2006

Bubble-Proof Markets

BOSTON

Population: 575,000
Median home price: $421,000

It's the intellectual character of Boston that has, more than anything else, enabled it to achieve its bubble-proof status. Boston has the greatest concentration of top universities and colleges in the country. It also boasts world-class cultural institutions, such as the Boston Fine Arts Museum and the Boston Ballet, and a deep sense of history that's reflected in its architecture and neighborhoods.And, more recently, a robust mutual fund industry has boosted the city's share of high-income individuals.

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