I'm going to read you part of this headline for Market Watch, Ethan.

Housing affordability hits a 39-year low.

And then the little description here,

the monthly principal and interest payment of a median priced house

just surpassed $2,500 for the first time a new record.

And we talked with Mark Diedle earlier this week, realtor who buys and sells homes for people all across Central Indiana.

And we were talking about what a wild time it is in the market,

where interest rates have skyrocketed,

yet it appears housing prices are still reaching or at or near record levels in part because

inventory is so hard to get. You're in this industry to some extent you're not actively buying and selling homes but you do buy

property you are the real estate king of the east side and you do buy properties and then rent them

to people what are you finding right now?

I am finding that I mean fortunately I got my

mortgages before the interest rates raised precipitously so I have but you have

people renting from you and usually not always the case certainly but many times and I could say this is a person who's been both a home buyer and renter throughout my life

renting is because you're not desiring for whatever reason it may be.

Sometimes it's financial, sometimes it's not.

You're not desiring to be in the home ownership business.

Like what do you kind of hear from your renters?

Is it a cost prohibitive

thing? No many people would love to be homeowners but it is so cost prohibitive

to get into the market and I mean look to a certain extent that's just reality if you don't have 10 to 20 percent to put down on a house you probably don't have any business buying the house and that was a big problem that we saw in the housing crisis of 2008 was the subprime mortgages where you're loaning this money to people who don't have

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