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Commercial Real Estate
Housing starts have been declining dramatically. Nobody is starting a new project right now, but they've already started. I think by and large, you're going to see most of that inventory monetize. That's going to put pressure on home values and rents this year. So I think 2023 is a tough year for real estate. You can still make it work. There are some strategies. And that's where we come back to maybe lending is a good option in this environment,. Your interest rate is higher than cash flow. It's got how does that 1.6 million compare to a quote unquote normal year if there is such a thing? It is the most ever, at