Heard it could get to as many as 3-4 million by the end. And did you see about HUD pushing the subprime loans on the poor, who are losing their homes at 3-4 times the national rate?

We have a gathering perfect economic storm on the horizon. The home crisis has yet to fully impact the economy. What does this rising tide mean? Declining home values and equity...mortgage companies and banks will want to clear these off their books resulting in huge discounts in the market that will drive down values even more. Consequently, through 2008 and 2009, we'll see a continued decline in prices along with the secondary impact of equity values where in some cases will exceed loans in the form of second mortgages that Americans have leveraged. They will have simply now owe more then their house is worth. With the impact of rising unemployment and their inability to pay the mortgage, they'll be trapped in situations to further discount the home market and drive down prices even more. The economy is adrift in unknown territory. With no idea where gas prices are going, and worse yet, no energy policy, we're left to sit and wait and hope that they don't approach ten dollars a gallon. This huge energy ripple will continue to make Americans uneasy about their own current jobs and definitely throttle down spending. The dollar will continue to weaken regardless of supplies are while Americans continue their adventures with Wal Mart filling the coffers of places like China that are already bursting at the seams with dollars. The jitters will spread more prominently in the stock market as investors continue to see that this American economy continues to disappear as the result of the disappearing job market. Getting back to the housing industry, hang on, we have a long way to go before this bottoms out.