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Chris Grayat 29:18

…right they're underleased. Yeah. Right. Which provides that value ad uptick, you know, immediately. But, you know, I say that because a lot of it is rent control. And back when I uh first started in this industry, I said, "Oh, what a great what a great model. Just buy LA rent control. You're guaranteed, you know, 3 to 4% every year and you that's easy to pencil out." Well, as we all know, there's no guarantees in life. And then COVID hit until my little uh rent control. Oh, wait a minute. that I can't it's not…

Chris Grayat 1:05:41

…pricing, that's probably gone. Yeah. Uh, I don't think that's the end of the world. Um, there's always attack on um, you know, local uh, rent control, right? And rent caps. Um, you know, there was a a bill written that's was was dropped, but they're trying to reconsider it. You know, with the fires, if it was lost in a fire, you got to and you rebuild, it's going to be subject to 1482, right? It's like, okay, someone's not going to redevelop, right? It's just it's silly what they do.