Okay, thank you.
I'll proceed with my questions. I'd like to hear from Mr. Pomeroy first, then Mr. Guthrie.
One thing that worries me in connection with the housing crisis is that the proportion of residential properties bought by investors has gone up. Instead of investing their money in the stock market, in other businesses and elsewhere, people are buying residential properties with the intention of reselling them in the short term or in a few years.
Mr. Pomeroy, can you share some numbers and comment on that? To what extent has that increase in the proportion of purchases by investors resulted in reduced access to property?