According to Bob Clark over at Red County dot com we have a major economic problem right now: Link
Posted by LeCerveau at May 14, 2010 01:50 PM | Email Thishttp://money.cnn.com/real_estate/storysupplement/overvalued_cities/
Metro area Median home price Percent overvalued 2010 Percent overvalued 2006
Seattle, Wash. $346,500 4.90% 24%
Posted by: John Bailo on May 14, 2010 08:58 PMSalt Lake City, Utah $228,100 10.40% 4%
Point?
Posted by: demo kid on May 15, 2010 06:22 AM