Second Half 2007 Housing Estimate - Based only on foreclosures

[Masterofdamoney_IHB]

And after todays massive guideline changes to alt-a lending (70-80% of ALL loans in California current sit in this category) combined with the investors pulling the plug...

Revise my calculations lower, probably 50+% drops by 2008. You simply can't get financing that's affordable.

Done.