So all right, let's talk about this

There is a housing shortage in America, right?

so

What does that mean for the average person and

How does that affect the real estate market over the next five years?

Well, that means that you know, it's like anything else with supply and demand the supplies low the demand is high

So that's why rents go up. So why is there a housing shortage though?

man, there's been so much

politicization of housing in real estate and

It's difficult to build like you look at some of the markets where it's most pronounced

New York, California. There's this thing called Nimby. You have heard of Nimby not in my backyard

People say yeah, we need affordable housing, but don't build them don't build them on my street, right and so

what that does is

Disturbs the real estate market for that particular city and we just by and large have not built enough

Moderate and middle income or affordable housing. So you know

Millionaires don't have any problem. They could buy whatever they want to buy right or live wherever they want to live

We're talking about the rank and file public

Workers, you know teachers

Ambient strivers, you know

Sanitation work sanitation workers the rank of file public who have good

Jobs they work hard, but there's been such an escalation in the cost of rents because of the supply and demand disruption

That the these rents are off the table. I mean if

...