going to see demand for homes in new areas where those old foreclosed homes don't exist. this is soft demand, like as morgan was saying, it's not some dramatic upswell of demand and it's healthy demand. yes, the government is still heavily involved in the mortgage market, but it's not the funny money we were seeing back in 2006 and 2007. so, i think that this is moderately good news. >> all right. you wanted to jump in quickly, e-mac. >> it will still be flush to the system what happened with the housing bubble. old industrial cities like detroit, pittsburgh, baltimore, philadelphia, a lot of those daderelict homes are n- is it good news or bad news happening with housing now, steve. >> overall, david, it's slightly bullish and morgan is right from very, very depressed levels if the government hadn't intervened so much and yet the market clear we had have a robust housing revival across the board. government hurt, didn't help