Last year, this year, next year. All losses in tens of million. There will be no intrinsic demand growth for new housing developments for the next couple of years, and any that's bought now with incentives compromises the future pool. There is too much of this type of housing already built, and not enough real income/ population growth to pay for it, that's not going to change anytime soon. My conclusion is the stock is being manipulated by a couple of hedgie managers who are probably thinking the SEC is too busy to notice. We'll see what happens.