so how to solve the crisis in ers eventually housing are not joined by thomas byerly he's a real estate analyst with the tele a large european property investor headquartered in sweden thomas property investors like your company which he loves ones painted as the ultimate bad guys not only here in germany do we need more regulation to keep people in check and make sure you don't and more money. well i think we don't i don't personally think that we are the bad guys on that but what we don't need of course more regulations what we need of course a reliable framework where we all can act in the tenants the landlords but also the industry in total so what is then other than this framework was which was rather lofty what is the answer to the housing crisis by banning foreign investors for example. well to be honest i think from a former international perspective germany is still undervalued market which means coming from extremely low level compared to the rest of europe on one hand with the huge demand to chew urbanization effects in metropolitan areas we need finally just one thing sounds