Given your vantage point, what are some lessons learned as someone leading one of the larger development companies in the city? Wow, lots

of lessons these days.

I thought I was getting too old to learn new lessons, but I'm definitely not, right? Well, I think one of the biggest things is I say we in the collective sense.

I think we as an industry took our eye off a few balls.

One of them was we allowed government to be an active participant and profiteer in the housing industry.

So while population exploded and while interest rates dropped, We didn't pay enough attention to what was really happening in the background.

And so those government extractions that just kept going up and up and up and up and created a cost of delivery crisis, not a supply crisis.

How does the industry change? Do you think everybody will be better for it? What will it look like?