lisa: jed kolko, thank you so much.t was terrific and an important conversation at a time where there so much uncertainty. it is important to be having this conversation as we talk about the world flush with cash. we still have this high unemployment rate relative to history and we also have real labor market shortages. these frictions slowing down a recovery that otherwise would be full steam ahead. tom: we did not have time to get to jed kolko on the san francisco market. i know you've been looking at pacific heights for $16.5 million. with all of the gloom about san francisco, the tech boom we are still in, the metrics in real estate, you wonder what it says about jed kolko's two americas. lisa: there is a question about big urban areas rate i will say i've been asking you to liquidate some of your bitcoin holdings so i can go and make lots of profligate purchases around the country. there is a question as we look forward to two america's, how quickly we can get people spending and borrowing and doing the american th