Lets Play "Mark to Market"!!! What % overvalued are America's housing bubble cities?

HP'ers, the game today is "Mark to Market" the HP US top 10 bubble city list.

From the city's fraud-and-speculation home price peak to today's mortgage-meltdown-reality, what % off do you think a home should be marked down in order to move? And what other cities should be up for consideration?

1) Phoenix
2) Tucson

3) Vegas

4) San Diego

5) Sacramento

6) Miami

7) Tampa

8) Naples

9) Boston

10) DC

Let's play!

My answers

1) 36%

2) 38%

3) 42%

4) 36%

5) 47%

6) 55%

7) 35%

8) 45%

9) 20%

10) 22%