But then you say within US, depending on the market, that data is more or less reliable also depending on the stock in the market in terms of what type of properties they're transacting in.

But do you know what I love about real estate that keeps it so interesting and keeps me pretty confident that I'm going to have a job for a long time is that there's so much confusing, like almost art adjacent data, not even data around how things trade in New York and how things trade around as far as one building can outstrip another building because of the reputation of the architect or reputation of the buyer, like the reputation of the doorman.

So I always use this example.

is that there's two buildings in New York, one Central Park West and 15 Central Park West.

They're right next to each other at the base of Central Park West.

One of them is a Trump building built as a hotel condominium.

It has a restaurant.

And what is the status of the market today?

Right.

So then, you know, that did well, and then the other house that we had in Rhode Island, we ended up just last year, like doubling the size of it and selling it.

So he started to get into like development without, uh, having to manage anyone besides contractors.

And at this...

And then we also g- he also got into short-term rentals where you have like Airbnb managing a little bit.

We don't really do that so much anymore.

Um, and now we're onto like bigger, larger, just kind of renovate, live in it, sell it, move on, live in it, renovate, sell it.

Yeah.

What is your... observation of that in your book of business as you're working with buyers

these days? I do wish I could say something controversial here, but I really can't.

It really is still location.

I believe it is.

It's actually more important, I would say, than ever before.

I think there are times in the New York market where people are so forced out of the core neighborhoods and the city feels like it's in a growth time where they're willing to buy into a neighborhood that they feel is up and coming and maybe take a little bit more of a risk, pay less money, get something on like a fringe.

then watch it go up theoretically the problem is when the market starts to turn down those are the ones that go down the most the quickest right so more people now are able to see and look back at like the modern market cycles in New York and say okay if you bought in a safe area theoretically with a good exposure in a good building you have more protected downside in the downturn and So obviously the main obvious things, a park view, right? A water view, a water view, a West Village apartment.

Without inventory, we can't do our jobs.