you try to rent an apartment, you can be the landlord and equity residential, avalon bay, mid-americathey are down 20% from highs earlier in the year, fundamentals are important. carleton: a lot of excitement in the muni market. advantages for people who want to get in higher taxed states like new york and california, what are the opportunities? andrew: the yields are 1% to 2%, if you are in a state like california or new york with high state income taxes, 4% yield is equivalent to 7% on a taxable bond, with better yields right now. jack: if you live in california or new york you want to fund that invests in state bonds and see what the issues are. andrew: you basically benefit from the triple tax exemption in new york city or california. could be a good deal for residents of high tax states. jack: junk bonds are scary and headed into recession. is that it time you want to be exposed? andrew: yields are 8% or higher and that is under 5% at the start of the year to get paid for the risks you are taking now. mutual funds, etfs, it is a pretty attractive area right now. jack: carleton an