Here's a list of major cities ranked top to bottom by credit score. No surprises.
Want to see a bunch of $30k millionaires faking it on plastic? Head to Dallas, Houston, Phoenix, Atlanta, LA and Miami.
The cruelest reality will be when you have a debt-fueled fake city which also has the misfortune of being a REIC-infested housing crash city.
In other words, look out below in Phoenix and Miami.
Combine REIC layoffs, crashing home prices and a massive credit squeeze, and you'll be seeing "ultra lounges" closing down in droves, and the used car lots filling up with late-model 3-series.
And you know what? That's a good thing. Now who said the housing crash was all bad?
Washington, D.C. 691
New York 686
San Francisco 685
Los Angeles 668