cash is king at se pott will goway. gerri: are we seeing fha loans with 3 percent down? i would think that would be the solution for everying. >> part of it is if i have five offers on my house and one of the mustachio order to that person first. the fha getill be at the bottom of the list. limited inventory come of your optis r those people in need the fha loans but ihink credit is goi to be a head wind in this recery. so for people who e thinking about a new housi bubble, you have to loo at is a lot of the pric movement right now is peopople puku puttingash down has been in theame. we don't see t funny money. gerri: investors at the end of e day. want to ask y one question about the bull case which i think is an interesting point. so while the problems is there's not enough supply. we talk about inventoes of the time. yomean by that is there is not enough new housing being built. we need a ton more. is that going to help? >> we are o growing the housing stock in t coury. we haveill very little new hos over the past five years. they have been depress, competing against