From sellsius° real estate blog, citing Forbes magazine, the top ten overpriced real estate markets:
1. Essex County, MA
2. San Francisco, CA
3. San Jose, CA
4. Honolulu, HA
5. Cambridge, MA
6. New York City, NY
7. Tucson, AZ
8. Oakland, CA
9. Boston, MA
10. Los Angeles, CA
I’m sure all of Phoenix is relieved to have missed out on this distinction. Interesting that seven of the ten are either in Massachusetts or California…
jf.sellsius says:
thanks for the link.
it’s amazing that a whole county in MA would be listed.
glad your town dodged a bullet
July 12, 2006 — 6:53 pm
Greg Swann says:
Thanks. I used to live in Essex County. Like every entry on the list except Tucson and Honolulu, Essex County has many, many high-income residents pulling the median to ever-higher heights. But there is a factor that unites every entry: Significant land-use restrictions.
July 12, 2006 — 7:32 pm