How do you recognize a credit-card fueled city with a fake economy full of $30k millionaires? Just look to the credit scores of course

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?

Minneapolis 705
Boston 704
Washington, D.C. 691
Cleveland 689
Seattle 688
New York 686
Philadelphia 686
San Francisco 685
Chicago 679
Sacramento 676
Detroit 675
Denver 674
Tampa 672
Miami 671
Orlando 671
Los Angeles 668
Atlanta 667
Phoenix 657
Houston 652
Dallas 650

HousingPANIC Stupid Question of the Day

Is it immoral to walk away from your depreciating debt-trap and toxic mortgage? And your car? And your credit cards? And every loan you've ever taken out?

Because millions are doing it, and millions more are thinking about it...