We are going to review the different phases of the business cycle and spend more time talking through the riskier phases. The peake phase is where prices begin to level out and demand begins to soften. And then that's created intentionally right now because of the need to keep inflation in check by raising interest rates. We want prices to soften because we can't have real estate growing at a 20 % clip year over year, look like it did in the past year. That's not a sustainable growth rate. So that growth rate needs to be tamped down.

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