1. Housing: The Rich and the Rest
By Amy Dinh
Sociology, Per. 7, 2012

2. Multimillion-dollar mansion sales are up 25% compared to the rest of the market, which has suffered
a 30% decline in prices since its peak in 2007

3. In Birmingham, AL: Multimillion dollar mansions are selling quickly. Sales this August were up 21%
from last year.

4. The Country Club in Birmingham has ended its discounts on new memberships

5. This illustrates the fact that right now in the US, the rich are getting richer.

6. The middle and lower classes are getting closer to or deeper in poverty.

7. One in 10 New Jersey homes sold last year was in the foreclosure process.

8. Nearly 211,000 got hit with some sort of foreclosure filing which is down 19% since January 2011.

9. But sadly, foreclosures are most affecting African-Americans and Latinos.