get the wealth affect. people start to see the asset increasing in price. no longer falling year over year. so that bodes well for confidence. you will see housing hit a bottom in 2009. it is an l-shaped recovery. we are bouncing along that bottom. and now we will start to see some strength. >> what do you mean by l-shaped recovery. what is an l-shaped recovery. >> a lot of people going into recession, they are talking about the type of recovery we will see. would we see a v? would we bounce up off the bottom? would it be more of a u where we come up gradually from the bottom of the recession? we thought it was going to be and it has manifested itself as a sloping l. what that means is it will be a long grind. the reason it will be a long grind is with the housing bubble and the collapse of the housing bubble. such destruction on the household net worth and