I would add a continued reduction in supply. In AZ, SFR REITs have and continue to vacuum up 1,000s of homes every year. And they don’t ever sell them. This is

I would add a continued reduction in supply. In AZ, SFR REITs have and continue to vacuum up 1,000s of homes every year. And they don’t ever sell them. This is a new phenomenon. It may more than offset new development. We may have a shrinking supply. The other downside is they aggressively put upward pressure on rents.