…the same time the benefit of buying an existing apartment building with people who are eventually going to move out or a good chunk of them even a rent control building over five years will probably have about three qus of their the residenc they move out um is that there's cash flow for the investor so there there there is a pathway uh frankly for a different way of doing it it just it does take longer because you have to rely on turnover and certainly there's not going to be any government agency is going to try
…I don't think a lot of people talk about that how just because there'll be because people say like Argentina how went from that's more on the rank control side but they went from highly rent controlled to not rank controlled at all and their rents came down 30% right like that's something that a lot of apartment owners and people who stand up for apartments will point to and say Hey look this is why some of these programs and policies that we have in place on the service may look great but actually in reality the…
…than at first blush with Argentina oh really yeah I think part of what happened was that there were people there were owners because because the rent control laws were so egregious uhhuh they were so restrictive they chose not to rent them out oh so like New York right and so that was part of the reason why the rents went down they they were off the market they weren't actually leasing even though they were vacant and so yes so that so that's not necessarily the case here we have a pretty low vacancies which is…
…I mentioned I'm from Montreal they have a a major cling Supply issue even worse there really because they have that um you know super restrictive rent control laws and so yeah so they have uh you know they have a major affordability problem even though the wages the cost of living is lower uh wages are lower too and and so yeah they it's very difficult to get an apartment there as a result and um so yeah people are uh yeah or they don't you know their their buildings are aren't taken care of very well and they're…