But, um, for people outside New York, what actually defines luxury real estate in the city right now, and how is it different from luxury a- anywhere else?

So there's a finite amount of space in New York, and much of our housing stock is vertical, sort of, you know, large high, uh, high-rises and such.

It's not only about the property, it's about the building, how the building is run, and where the building is located, and then how that neighborhood ties to how you want to live your life.

So this is why this discussion about how you want to live, what matters to you most, and then trying to piece things together, because I will sometimes have people say, "Well, I want to be on Park Ave." Let's, let's discuss and deconstruct this.

First of all, many of...

We have condos, co-ops, and townhouses, and that is a very key distinction because each of those has its own governing policies and processes by which you purchase.

I have clients who have joked that buying a co-op was more invasive of a process than merging two companies because the level of financial disclosure and reference letters, et cetera.

Interesting.

financial disclosure and reference letters, etc.

And we may have that conversation.

You may say to me, you know what, Nikki, I am not interested in co-ops.

disclosing that level of information to essentially a group of strangers.

You probably don't want a co-op.

You will probably want to purchase a condo.

We may look at different buildings.

I'm