outweighing supply by a lot joining us now to explain a host of in question are to his very own manila chan who actually happens to have a background in real estate in los angeles back in the day manassas let's start with with the 1st question because so many people are on unemployment still filing for unemployment close to a 1000000 how are we seeing this this housing boom sector what's going on here well like everything else right now coded is actually driving this boom but in the other direction because if you were fortunate enough to keep your job during this pandemic you know many people finding themselves working from home they've realized they needed more space so. so many of these people are the 2nd and 3rd time homebuyers leaving behind their 1st starter home but that leaves those 1st time home buyers in a lurch because they're actually competing against investors and flippers where cash is king those guys have big money to play with so inventory is also at an all time low so the fed has been keeping the rates near 0 which in turn leaves interest rates for the buyer the lowest i ha