This title would make sense if "San Jose" included all the surrounding areas, such as Mountain View, Palo Alto etc. Regardless of whether or not it's 100% accurate, the truth is that San Jose is expensive. This is why so many people opt to purchase in Santa Cruz, and have a small commute. My feeling is that if you're going to make the commitment and buy, the best place to be is by the beach. That's just my (slightly biased) opinion.
To read the entire article, go to: http://www.mercurynews.com/business/ci_29628585/san-jose-third-costliest-north-american-housing-market