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“This is the closest Derek and I could get to L.A. and afford itr” said Schwegler, referring to her partner, Derek Monypeny, who works with musicians.

The analysis, by ITR Economics, is projecting a smaller increase of 2% in 2022, to 613,700 units.

It singled out one potential yardstick known as implied temperature rise associated with investments or ITR.

The report was prepared for the trade group by an outside consultant, ITR Economics.

"Over the last several years, Softbank has gradually been transforming away from telecommunication to more of a venture capital company," Marc Einstein, analyst at ITR Corporation in Tokyo said.