Seattle - MSNBC/Forbes "Most Overpriced Place"

http://www.msnbc.msn.com/id/5696874/

"This is the third time we've compiled our list of the Most Overpriced Places. We determine our findings by looking at the cost of living, housing affordability and job and income growth of the 150 places ranked on Forbes' Best Places For Business. The places with the highest cost of living, least affordable housing and most modest job and income growth are the cities that make it to our list.

There are a few places that have made it here each year — including San Jose, Calif., and Bergen-Passaic, N.J. — but we have a few newcomers this year, too. Portland, Ore., for example, has a diverse business base, but it's been saddled with high unemployment numbers and meager job growth; and while the cost of living isn't as exorbitant as places like San Francisco, the median home price there is a good $25,000 above the national median."

.. they ALL deserve to be in the top spots on that one. You can't find a 1,000 sq ft. rambler for less than 700,000 is most of those areas. And.. the employment sucks there, too. Good if they'd like to scare people away from Seattle, I suppose.. but I think their methodology is.. well.. interesting.

It took about two weeks for the price shock to settle...