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Mark Silverat 35:32

…so in some ways it's terrible in other ways it could be a benefit um I hope it doesn't happen yeah because one of the things we want to see is more affordable housing and I think what we've learned in the past and historically is that more regulation like this limits the supply which actually increases prices which is actually the exact opposite what I think these people want to do yeah um and so I think it's not founded in actual

Mark Silverat 44:41

…bucks so all of a sudden a lot of the business plans I think you sell a lot of these plans as well are all aort uh all of a sudden being switched to Affordable that's really interesting there's ad laws that we know in California a lot of the business plans that we see have a tremendous push of adding density which is great because we need more housing um and is really interesting because you're actually adding True Value to your building so if you can buy real estate right now and either have that longer term view…

Mark Silverat 48:54

…buildings probably in the high 30s to low 40s and then really bad buildings run at 50% 1920s brick buildings yeah there you go rip uh um Workforce housing communities a heavy Section 8 buildings actually do this more just Covenant restricted affordable buildings tend to run at that um and so what's also happened is away from taxes and other things there's