[Toddsterpatriot]

Please sheck out the site before you hit the reply button.

I checked out the site. The word asset isn't there.

U.S. saving rate is negative.

The savings rate doesn't include IRA or 401k contributions. It doesn't include capital gains. It does subtract capital gain tax payments. Seem a bit incomplete to say the least.

Does net worth include the value of automobiles? Used or new? Made in the U.S. or Japan or Germany?

Yes, part of consumer durable goods. Page 110 of 124

What happens when real estate falls an average of 20% nationally? 30%? 38%? 40%?

Please ping me when that happens. LOL!!

Household net worth in reality may be only $ 35 trillion.

Reality? That's funny considering the sites you link to. I'm still waiting for your answer. What are America's total assets?

[ex-Texan]

I believe that housing is 38% to 45% over-valued in Oregon. Real estate is more over-valued in California. My reasoning is based on personal experience investing in real estate. The real estate bubble already burst in Boston < $ 100,000 per house or about < 20%. We will see who is right and who is wrong in the next six months. A blow up is quite likely on the West Coast. As for myself, I plan to move out of state in 2007. Cheap foreclosures are just around the corner. America's total assets? That depends. Everything is still up in the air. Floating like pigs with wings.

[Phantom Lord]

Note that he is using $40 trillion in debt from that site, which includes ALL debt. Government, Individual, business, etc... all rolled into one number of total debt.

Then when asked for assets, he only counts personal/individual net worth, excluding government and business.