Some of the same pundits we've referenced already, also highlights significant deltas in the residential marketplace. Essentially demographic changes, emphasis on certain preferences in transaction type or outcomes that are really resulting in some of the disruptions. Focusing especially on the financing side but not limited to the financing side of real estate transactions. Affordability. For example referencing millennials who reportedly in the data spend a greater share of income on rent than previous generations, reflecting a preference not to own but in fact to lease. According to census data, millennials are more likely to live at home than others in previous generations at the same age. The proportion of US citizens who had married, kids, and a job and lived on their own by age 34 collapsed from about 45 percent in 1975 to 24 percent recently in 2016. In addition, where there are jobs that people like, home ownership is often out of the question for those who are not earning high wages. For example, one apropos geographic arena San Francisco has seen a median sales price of almost $1.4 million focusing on affordability. Firms like Divvy, which is a rent to own marketplace and which is an alternative to mortgages at a time when credit for substantial purchases has been rationed provides alternatives. Bungelow which combines a marketplace for roommates with property managers we see disruption. Second, some point to a desire to have a community for workplaces in living places. Again, referencing the millennial generation. Who represent the first part of the workforce to operate entirely with the advent of smartphones and in constant connectivity, they've engineered or they've been experiencing a focus on digital community 24 hour a day at the expense of traditional community activity. So it may be internally important for those people, including those who are younger but not limited to those who are younger to have community. Tech trends of course should be expected to follow that general preference and of course startups are likely to follow. What Nareche and Lynn describe "Our longer work hours making community harder to build organically, millennials In other words placing value on landlords and employers who facilitate it for them." Again, referencing we work. Then of course flexibility. With the immediacy inherent in the demand economy the "Gig Economy" enabled about technology and all kinds of areas highlighting what has become important for many workers and consumers flexibility, furniture rentals, outsourcing of temporary transient workplace technologies and workplace physical structures. It's often treated like a tech business Feather, Fernish and CasaOne are online shopping and offline delivery companies. The company Knack has a model that I find personally very interesting of buying a new home for a customer for cash before the customer lists their old home actually. That company helps with renovations and financing still within the six percent commission rule. But now again split traditionally between buyer and seller.