It's been awhile since I last posted here and reading all the recent posts regarding the potential mortgage crisis, etc made me think about what it's like here in Britain at the moment. Everyday I see people driving round in expensive and luxurious cars worth over Â£20,000 ($40,000), 2-3 bedroom houses in excess of Â£200,000 ($400,000) with many other expensive items you see shown off every day. The average income in the UK is apparantely Â£25,000 ($50,000) per year, so how are people affording these items? Is it simply that everyone is financed to the eyeballs (including the young adults and teens)? Another common theme I have noticed is that the majority of the people I see with expensive cars (2007 Mercedez/BMWs) and extensive list of owned property is the Asians (Pakistani's, Bengali's, etc for our American brothers). What am I missing here? Anyone else noticing this increasing trend? What's in the future for these people, surely they can't be rewarded for living such risky lifestyles? It'll be nice to see your thoughts.