Originally Posted by Greg B

Well ABC News and Data Quck Information Systems has the following data for California:

LA County had a 20.2% Increase to $488,000
Orange County had a 14% increase to $601,000
and San Bernardino County had a 27.6% increase to $328,000

NY real estate jumped 30% in one year.

Incomes however have not.

Here's another major danger. Most credit card debts, insurance company policies and mortgages are OWNED by foreign countries primarily in Asia. So when you get a collection call it's in Chinese.

A dangerous scenario is in effect. China couldn't afford if we all defaulted and stayed healthy. Your own fellow American has pimped your ass to hock for 30 years and laughed all the way to the bank and the government sat back and let it happen.

Watch what happens in the next year.