The Great Financial Meltdown of 2007 to 2009

Property management is slightly insulated, though not completely insulated, from the effects of that. From a property management point of view, I mean, we're sort of lucky in some respects because there's no industry that is truly recession-proof. Simply because people need a place to whip,. So if they're not owning a house, right, then they're renting is really what it comes down to.