EX-SD,
If homes in my neighborhood (which rent very very quickly) dropped to 1998 prices they would be cash positive by more than $1000 per month based upon current rents. At 2000 prices they would be cash flow positive by more than $500 per month.

Do you honestly believe prices will reach those levels? There are a lot of my neighbors (Drs. lawyers, execs, business owners, wealthy retirees etc. ) that would buy every one of them well before they approached those levels as investments.