Property Management Is a Hard Business

Property management is a hard business. I mean, flat, I mean, 18 months of rolling 12 flat profit or about a 1.3 billion dollars of activity. That's telling us that we're inflating, we keep inflating the prices and charging more but it's not producing anything more. And eventually, the activity load of more and more activity for the same profit dollars, you start to run into a problem. There's just not enough there. The weaker companies that makes up that those hundred companies, they'll fail. They'll drop out. Then that business has to reprice, go to the better operators who will charge.