At the upper end you see a lot more real estate purchases for investment purposes. At the lower end you see people wanting to buy their first home. That lower

At the upper end you see a lot more real estate purchases for investment purposes. At the lower end you see people wanting to buy their first home. That lower end demand is not going to disappear--do you have any data to suggest that this will in fact work its way all the way down to that lower end for people who are not "investing" in housing but instead buying a place to live?