News, Seattle has highest inflation rate in the country (real estate market, home)

[70Ford]

America's Increasingly Unaffordable Cities - Forbes.com (http://www.forbes.com/forbeslife/realestate/2008/07/18/inflation-unaffordable-cities-forbeslife-cx_mw_0718realestate.html - broken link)

If you live in Seattle, it might be time to ask for a cost of living increase. The city has the highest inflation rate in the country.

Normally, Seattle's 3.7% unemployment rate, well under the national average of 5.5%, would be a good thing. But a growing economy with low unemployment drives up wages and costs. The Emerald City's consumer prices are up 5.8% from this time last year, which ties for the highest inflation rate in the country with Dallas, where high energy costs for home cooling and driving are eating up incomes.

Other hard-hit cities include Los Angeles, Phoenix, Ariz., and Milwaukee, Wisc.

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What an interesting article. The first sentence says Seattle has the highest inflation rate in the country. A few sentences down it then says "tied with Dallas".

Yeah. That makes no sense.

[Ira500]

...and Forbes just had an article that stated that Seattle was one of the five best real estate markets to buy a home in. They should make up their mind. Or maybe they mean that it's a great place to buy a home in, it's just that you can't afford to.