Mm-hmm

...

if you're in, if you bought in California in the right time, there are places where housing has gone, you know, way, way beyond expectations.

But I don't actually think that the majority of homeowners think about it that way.

I think they think, "I am buying stability and security," um, including security in housing.

And I think that the way in which housing is a retirement nest egg for people is that typically once you own a home and you've paid off that home, then the way you're gonna afford your next home is with the equity in the home you already have.

Um, and in some cases, you know, seniors might downsize, get some of that back in cash, or they might, you know, eventually, you know, the proceeds from a home sale might support an assisted living situation or something like that.

Like, what do you, what do you think? What was the insight that you took away, aside from wanting to do the, do the math a little bit more, right, and, and challenge some of these assumptions? Um, what does it advance as far as your thinking goes?

I think that is maybe the critical question is what a What are our expectations versus what we're willing to pay for? I feel like there's kind of

three angles to this or three facets that interrelate because there's the expectations question.

There's a question of just the productivity to begin with of your tax base, of your land use pattern.

What can you support? But even that doesn't guarantee.

There's also a question of kind of institutional competence and institutional muscle memory and just having the system set up to deal with things.

efficiently.

And that's where I'm talking about, you know, some of the differences between Minneapolis and Ottawa, where in theory, similar climate, we're at a similar latitude.

Are there breakdowns in the sort of political way that we think about our communities as strong citizens versus taxpayers that maybe this is surfacing for you? I threw a lot at you, but go