most respectively, daniel solomon. thank you. >> thank you, commissioners. i am president of the mark company. a key focus of our business is doing research in the residential real-estate market, is this ability -- specifically in san francisco. we have a standard research report each month, quarterly recaps, and annual recaps. i want to talk about the dire need for housing and why do support 8 washington. in the year 2008, which was a peak, there were 34 projects that were actively selling and had 10 units or more. 34 in 2008. today, the first quarter 2012, there are only nine projects in san francisco with 10 units or more that actively selling. that is a decrease of over 70% in terms of the number of projects. if we look at the number of units, the peak was 2007 with 3000 units where you could purchase and move in or that were being pre-sold, 3000. today, during the first quarter, there are 800 units. 600 of them you can move in tomorrow. another 200 available that you can move in later this year. 800. also a drop of over 70%. again, there is a dire need