Bank of Mom and Dad

Broncos -- from a new balanced world headquarters building mirrors is -- Holloway cars show. President. Yeah areas the white up there -- they believe. Wow it's. Getting it over there you go maybe anyway I hit batter. They're -- it's. Good -- men like -- -- bailed out. You practice senior fixed Mr. President. Who you. Problem is nothing estimates put the range of potential. What happens if real world consequences. Delegation you invited into Rosie the protections -- -- and possibly. I don't know what I don't know with the probability. That might be much higher than hello we. We're going to do you remarks on who you were here we go -- the American. -- -- a good I don't want you know now how the Lawrence. It's the perfect Hamas powered card WR drill radio networks. Still waiting for good -- famous in Chicago White Sox players. Of yesteryear -- today. Ditto Chicago Cubs. Did no good days. Not -- and not enough. Kipp believe it. I key I can't figure out that it's been nowhere other than Russia issue that's the only place it's been as far as like it's 80 and in another show in Boston where they heard it on -- her -- our. Show last evening other than Matt. -- come holy. Washout on the Internet. I guess the people who -- Who while -- posted at I mean it's gotta be pretty rare that anyone has been talking about that this -- foolishness the went on that. At the Washington Nationals opening game yesterday where Barack Obama referred to Kamensky park twice and other when he was asked to his favor White Sox player was a change the subject to said he was -- -- a cubs fan. And then continuing to tap dance. As fast as he could he then changed it and said he was an Oakland a's fan and -- Sorry if I'm repeating myself and he again did not name a single person. Who was on the Oakland days either from the past -- from the -- from the present itself you know again. This is the old thing -- -- can you imagine. John McCain. -- I'm probably gonna say can you imagine George Bush anymore it's it's it's too cliche can you imagine John McCain's. If you were president -- saying that he was a big Oakland big should Chicago White Sox fan -- Being unable to name a single person on the team again. Four for. The past or the president. Same thing for the cubs same thing for the a's not that not a war not that. And he gets away with it and doesn't know the name of the park. MM mispronounce ember apart last year as well or during the 2008 campaign. And an even bother to learn and ignore it what it that what is. If they if the over -- in Vegas was zero on the number of times she's paid the total game at I was one at. As to how many times she's paid to go to we -- Kaminsky. -- ran -- health benefits to part. Kaminsky park now as rhymes with Polanski has Kevin. Put it last night. If the over -- was one I take the under but you know what there wouldn't be any action to liberal would be taking the under on how many times he's paid to get into a park. All right. 1877469432218774694322. That's the toll free. Number of the Howie -- show if you like to join us here this afternoon every weekday afternoon. If you would like those who show on the Internet you can always do so go to our website which is how we cart dot com how we cart dot com click on the live audio streaming. Also what how we cart dot com you can take part our daily Haaretz poll question. In today's poll question concerns the the amazing statement by. By the administration. The regime. That they will not to respond with nuclear weapons. Unless it's -- and outlaw regime. That if fury it. If you are Signet signature -- signatory signatory. To -- Nuclear nonproliferation. Treaty and you unleash chemical or biological. Weapons on the United States of America. We will not respond with nuclear weapons why would you say something like that. Who what what is the point of having nuclear weapons what is the point of spending all this money if we're -- If we're going to announce the Warner gonna use a weapon it's does this make any sense. What what. What message are we trying to to -- the world. Mean this like saying you don't we've we bought a bunch of guns. To shoot people or do home invasions on our house but if you break in the house sworn not gonna shoot you. So what's the point of having all the infra red cameras so what's the point of having all lead. Firearms. What's the point of having all -- hookups. To the police department if we're not going to respond. I I don't get it I don't get CNB what is a poll question and one of the results thus far. Should the US announced that it is not going to nuke anybody who signed the nonproliferation treaty no of course not. 97%. Are with you. How does not least everybody else. I don't know I don't get -- I just don't I don't understand how can you how can you just look the other way when this guy is such as of the phone. I mean again I understand I know how we get through Colombia I know how we got through Harvard Law School we all know that will know how we got elected. But at some point eight you have to hire qualified. People don't joke at some point you have to. They have put you're elected officials are you're a so called leaders taking responsibility for their actions don't you. And I'll see that happen around here. 1877469432218774694322. That is the toll free number of the Howie Carr -- -- like to join us here this afternoon every. Weekday afternoon. I think what we'll do first is we're gonna get to this yesterday and we never dead it's and smooth Wall Street Journal yesterday it's pretty interesting story. Bank of mom and dad shots -- amid white collar struggle. You know what it's saying is that all these people who we're making a good living until the recession started in 20082009. Whenever whenever they you wanna. Arbitrarily affixed to it. They can't pay for their kids anymore they can't pay for their kids. To live in -- home they can't pay for the kids college tuition. The family income of the family of mar -- Johnson this is Fairfield Connecticut is a fifth of what it used to be. And the children are about to feel the -- missed The Wall Street Journal. Mr. Johnson's two oldest are attending his alma mater Johns Hopkins university and annual cost of 50000 dollars apiece. We save like crazy from the minute they were born he says but it all fell to pieces. Many family such as the Johnson's upper middle class professionals are suddenly downward -- mobile for years they abused. Rising family wealth to help Phil foot the bill for college down payments for houses and start up cash and cash for children's careers. But pay cuts layoffs in the decade long flat lining of the stock market may mean many families can no longer help their children. That a bad thing or not I don't think it's necessarily a bad thing. This comes as young adults could use a financial helping him more than ever the unemployment rate. For workers aged sixteen to 29 was fifteen point 2% in March the highest rate since 1948. The average length of unemployment 31 weeks is at its highest level since 1948. Many young people are now moving home to save on -- As you well know. How many hours have we devoted to the subject of losers. Young kids young adults I should say whoever move back yet. This predates the recession by many years. About 21% of young adults say they've either moved in with a friend or relative or had a friend -- relative move in with them because of the economy. I have a lot of friends after I get out of college or a bunch of us all live together but what's new about that that's -- you're running -- -- -- got a place together right. A -- positive -- yeah that's what I'm saying though that make it its Alec this is something new that you know in the past kids moved into the it into some my highrise apartment were able to afford 5000 a month for rent that's ridiculous they've always been they've always. Room together. Many parents who were set to retire are now delaying it to compensate for battered retirement accounts leaving even fewer openings for young workers to fill -- There -- an additional 500000. Workers over the age of 65 in the workplace. Compared with 2007. Before her December 2008 lay off from bank of America corporation is an executive recruiter Diane -- body dream house for her family 3600 square feet in Orlando. The family has now been forced to sell -- home last November they had a 650000. Dollar mortgage on -- but they sold for 375000. -- lender forgave the difference is part of the sale but the family still has loans outstanding for fifty large. They've since moved with 12100 square foot two bedroom house nearby that there running for 12100 a month. Many parents are less able to help their children after graduation as well old boo -- whom. Anjelica whore you -- a 26 year old living in LA has put her. Photography and sculpture career on hold you should -- one of us speaker Pelosi skids. A fourth pornography and sculpture career this year filmmaker to a documentary filmmaker. Since her parents pulled the financial plug earlier this year after the families granite countertop business suffered. -- ms. point doses moved in with her boyfriend cut spending and earns about a thousand dollars a month doing freelance design work and babysitting. My artistic career is put on the side because I have to make a living she says hopeful all. 18774694322. Here's another -- -- said this is the guy Maurice Johnson the guy from Fairfield Connecticut who -- who the world. Is making one -- he was a managing director -- G capital. He paid one point five million dollars for his Fairfield Connecticut home and took -- a mortgage of 852000. Dollars. 852000. So other words she paid he had cash. -- had some kind of that he was able to put down. Over 600000. Dollars on this house. Mr. Johnson figures he can realistically sell -- for 800000 today so the 600000 at all not. Given the numbers the family is trying to avoid moving I can see why and recently refinanced their house and a lower interest rates. It's emasculated mr. Johnson says I'm supposed to be providing for my kids but I can't. I'm sorry. Tough luck you know kids kids can't provide for you anymore no I don't feeling of emasculated. A fuel our cars our hardest part is stone nine I do Cindy. I do there's no question about you know what you -- said the may. You know I'm sorry I'm sorry Howard you regulate human going to be able go to -- know you're gonna have to your gonna have to fake. You're in state residents in North Carolina otherwise you're gonna have to go to -- to your from -- from north North Carolina for Massachusetts. Nobody ever nobody ever like shed a -- for me CN because why should I mean other resilient -- -- secretly. Nobody I would think that would've wanted the shed a tear at least tell me that they thought felt bad about it I don't I can't I can't really worry that much about it. I tell my kids so I say you know you know what. This X number of I'm like this kid did this guy Morris Johnson and in one sense I was I put I put aside money for awhile for that -- for college. Last year I wish I realized every time most put aside a few hundred bucks a month I was having automatically taken out of my checking account. In about a month it would be worth. But 20% last night put down. So I decided you know what I'm not gonna -- any more money into psychology count how about putting into a cash fund and sort of a stock for -- -- -- -- I'm paying them my mortgage syndicate campaign on my mortgage and -- -- putting your putting -- stuff in the in a savings account every week from my putting more money into their accounts it's they're -- it's it's their problem I mean it's like you all give him some money. But out after the money runs out it's their problem and solve my problem. That way you know but again nobody ever since nobody ever step I've been set Howard your problem is my problem. So you know wide. What goes around comes around among don't worry about it when -- break the cycle now I don't think so I I think the cycle must continue. 18774694322. Are you having are you are you. Guilt ridden about being able to give your kids less money -- do you say to your kids I'm sorry I'm sorry kids. I'm just not going to be able come up with the same kind adult that I would have minimal come up with a few years ago or does it bother you I think it's good for the kids to have to learn. How to fend for themselves the it was good for my character. Where -- what a fine upstanding citizen I've turned into Cindy because of mighty because of my. Financial hardships in and my early life. You know brings a tear in my eye and I put as as Archie Bunker once that I -- pull myself up by my bootstraps you know. And though my kids can do the same damn thing I don't care one H dude do you worry about this do you worry about your kids a mob you know the provide as much for your kids. I don't worry about it and you know what my kids are doing and home I'm sorry it's just not gonna happen. See here's the problem that I see and you included you've raised a bunch of Hothouse Flowers out there. Not just you everybody else I see it you know and also it's a kids these days. Where they've been handed everything given everything it's going to be incredibly rude awakening to realize that they have to support the results. And that's part of the problem now people gave them everything and now they're expecting everything that's what it's guilt things coming in. Well again I I don't have too much guilt on myself. I think it's good form you know my daughter said to me last night though one on their watch in the game met with me for awhile and they so what if I got and the UN say. Carolyn said this team -- Carolina I said the like get in the UK given the UNC what are your kid and and she said about mass bay community college I said that's more like it -- she went from appeared to tell me there and when one swift move there was no I'm between. There is something in between there's something called you mask 18774694322. And how about them Duke Blue Devils. I'm glad they want to but the butler's a good team I must say. I that I did by I -- buy my youngest daughter the united that it T shirt today with -- blue -- on -- a global blog on it right in CAA dot com slash store idea I remembered that that this morning and I said do you wanna butler T shirt she said yes yes that yes. So much pay for tuition but I spent fifteen bucks on -- T shirt when a guy. 18774694322. Belliard next with how we cargo ahead bell. Bailey I agree with -- for the most part they're in the end I think. We're gonna have something for our kids we've been smart sweep I think opens -- we. We don't have a mortgage anymore we've been -- that culture many times over the years and warned everybody that -- was coming. I think YouTube you're. But not blinded does but the -- than that giant 21 century. Industrial economy that's been exposed to. That overseas. Now it's inevitable you have to be able to deal with a short a period of change and adjustment I don't like it but I landed on my feet my job -- India. Right I went on my feet to -- -- I I came up in the newspaper industry what do you think that what's become of the newspaper industry you know. Exactly no one of these people to do work. You know you want to go from not the three bedroom -- a three bedroom modest all -- -- or five bedroom. The mansion well good luck here because you. If you're reap your rewards that's what we had built I. I feel I feel a little bit badly -- them. But. That's just get where we're probably going to edited -- depression. We'll probably have a threshold of one now. And these Gibraltar apple actually just might know what it thought oh my kids are fairly young. They know exactly what's going on in no -- assured anecdotal little reward that I cut the other day. Good oh look at that enable it future Massachusetts congressman came along driving an -- truck. And they all want to run out by. C -- you're all we don't we keep up in the refrigerator what -- -- an eight year old came back he said. -- money back out of state one from the freezer. Yes it did so -- it quite remote the other kids. And then we came back in I think jacket YouTube box put you pretty backdoor that yeah that and then doubled my report. No good that's good he's figured it out you know you don't need you don't need to always you you don't go to the ice cream truck when there's ice cream in the freezer. Economic it'll be the cheap bastard what do you remember it's the same one that told -- when he was or five years old. That you had a outback cobalt workable but. I adore I several people told me that bill but I'm gonna I'm gonna think that I we're we're call what is that it was his his statement that. Drove me to stop combing over although I don't think I ever comb over -- really built thanks for the thought. But by 1877469432218774694322. The bank of mom and dad should -- submit white collar struggle it's just as well for the kids is just as well for the parents that the bank of mom and dad -- shut down in my opinion. Chris your next with how we cargo ahead -- I don't. Well I Q I read that article about body might sit there until this sort -- well -- in new York road and it of that we're gonna state college that. Churn out we both went the -- they ought to collect money -- Have been jailed for the old man -- -- automated don't. That he could have or any at all and I'm doing just fine now I'm not make good money. And they take it pretty good I think -- -- you got people. John puppets -- -- the other night like now I get it you know look at what you wanna. Yeah I know Johns Hopkins is a real good college there's no doubt about it you know what what gets me though Chris I don't understand why people are willing to spend like 4045000. Dollars. For kind of a mediocre private school when they could go to the go to what state college for twenty Graham -- basically the same it. It idea I get and it -- yeah and it's you know it. Is that the entitlement but a lot of people out of a real -- about art -- and while Wall Street Journal it made me wonder alms. That's how all of our work newspaper people are infiltrating yeah -- -- I think -- the people The Wall Street Journal think a lot about their rock colleagues who are working anymore if you care if you're in the newspaper business she can't help but think -- bottom all the time Chris. -- you can also help but think how long in my gonna have a job. -- I think that's why you that that's why even the ball you know even the globe as is disconnected is it remains. From the the life and travails of the average reader or the average former reader of the paper. I mean even the globe now approach stories about these huge salaries these huge -- pensions. Better rob being collected by hacks at the state house and -- City Hall because they've because did. They know that they're not gonna have many more space shall call Chris hot let's see how about your next with how we cargo ahead hub. -- show -- are doing I. Right absolutely effect wryly yes we are well. Bottom live all week gives him -- vacation little zen. There -- else knows that you -- and don't. That's good that's the best help there is when these three out of the house hub. Ought to tell I want to be gone well they can end. Go to school back speculators are several state school -- -- Arafat did go to school and I have to mortgages sold about Georgia US vehicle storage area. Okay so yes so you you were you left Coleman an early age. Well like a lot of school they seem more and they -- -- historic dole and well all -- Right again back and not one on Russia although you -- right there's there's really not but. We had 2008. That -- multibillion dollar award got the mullah mullah Omar we cattle but there -- respected bishop Bernard there and we're just like a low -- -- to. Thanks for the call 187746943220. He can't he can't expect them not to you know you can't tell you can't just spoil what kids that he more spare the rod spoil the child that's what they always say. You know we can't he can't just say well you know well. Will make the sacrifices. It's you can go to a third rate private school and joined a fraternity. And never can party every Friday and said no I don't think so and no I don't think you can go to U mass -- go to UMass. We're gonna Framingham state. Steve your next with how we cargo ahead stave. Ali EI think Gloria do as parents so we always have done and that's lead by example I used to go to Europe we have -- Sox games -- -- apps games. Dinner out a couple of nights a week and I think that -- are having a couple of twelve year -- Delhi based CS cutting back -- and turn any they understand that. That's the way that that's what to do what I'd like that's. Well how much you pay of their college tuitions. I'd say all -- work they work they work one as particularly at a Baptist school also jumper but got. They need it now it stayed on a second job so they work. And so why did you save any money before they want. Wish I did that the fight -- actually -- what you did and -- -- and -- -- thank god. -- always. Those were the better moves I've made recent times. The lines. A lot of good night to my counts said that was the most money and made it of the smartest decision I made last year they out. Yeah I got I got up even again about six months ago when I said anything anything -- but I make after this is gravy but I'm not taken any more chances whether. I'd that this stuff the money away away which camp they don't all -- Right exactly especially costly 18774694322. Amount of. 1877469432218774694322. Story in The Wall Street Journal yesterday we get around -- Bank of mom and dad shot so the ms. white collar struggle. For you paying less for your kids now are you. Telling them sorry kid so I don't have fifty grant to send you to. The halls of third grade IV you know the they'd be the fourth grade school. That that you wanted to that the with your third choice after error Harvard and Williams. And you know it why don't you may be -- think about you mass or Framingham state or something like that. 187746943221877. These people -- racked by guilt they say in The Wall Street Journal that they can't that that they can't. Provide. Good. Meaning expensive college educations for their kids that. -- kids have that now moved back in into play these suburban dumps that they overpaid for back in 2007. And the can't afford to live on their own I don't buy that a -- not -- told not being able to afford to live on their own. You can afford to live on your own if you want to use got to bring in another -- made -- to at all. Anything is better than what the -- when your parents in my opinion. 1877469432. What I need to qualify as they can afford to live monitor and maintain a standard of living which they have become accustomed -- Well that's that's really -- -- -- it's NBI. I guess so just have to work. A little harder you know I mean. When I blast. The marine room at the colony hotel in Kennebunkport Maine and it took me three or four years working in newspapers to make as much money as I was make and at the colony hotel I was 21 years alt. That's one of those things you know. I am a you know what I thought long and hard about a iPod you know show your work you all about my father could make a call and give me a job at the breakers like to be a bartender at the breakers and potash. Good tips. Under the table there was no this reporting and come back in those days you know we're just were right straight into your pocket I I thought about it I thought long and hard about it. But you know what -- got to make he got to make a decision do you wanna take a chance at that Macon decent money down the rotor Daugherty wanna be a tipped employee. I V I think I made the right decision. But that I get I thought about it I thought about staying in a resort hotels like my father my uncle. 1877. For have to wonder sometimes -- what what I'd be there when I wanna be the assistant manager. About a -- run that I about about a B robber bar at the breakers now or you can be mansion. I don't think going to be the manager why aren't. -- in my fingernails -- -- enough you know I think now they she got to go to Cornell Weill school of hotel administration to me I'd be the assist. A -- a mile man I'd be the assistant manager. 18774694322. Cynthia you're next with how we cargo ahead Cynthia. I Alley wanna say I Latvia shall I go look forward get my right all -- every day. This is first and I haven't gotten through deal. But what I would like if they if I went Jewish state university age. I had a beautiful dot apple chose to go to a private college. But she ate away each. -- of course the mother of three children -- -- could make all the money on wealthy had been by -- generally used to were back. I am sure that her children -- chose to work it Schechter extractor it never afraid it work but lecture at air. Not bad I would -- I get paid our nation would have I had asked. But I worked my whole life and thought I -- doing the right thing by investing in a 401K. She can't and won't lose 25000. Dollar and -- Experience. Is not so much I think as most children are looking for bad. I'd actually add that we don't have a -- to me and we aren't doing law. I know you know Cynthia though I mean -- that's why they tell you to read the prospectuses before you -- vast right. I am not and they have the idea of person I didn't get that from the get all black. I thought I was doing the right thing. I thought I thought I was doing the right thing to I -- I took a bath for awhile mom back out where I why you know because I had like 3540%. Of the cash and bonds to begin with you know I never really -- the market that much. I always love it when there the other still trying to on CNBC and Fox Business channel there's still try to push people in the giving back into the market. And I IKEA ID you know nothing they can do was gonna convince people you're you're agent my HE a bag of the market is it something. Yeah art net definitely. Not -- I can't. Be in a little. But try extra weight do well yeah I love you wish -- all and thanks but then it can't -- at that great. Thank you said BI -- thanks for calling 1877469432. To about twenty in the story says. There's there's 500000. A half a million more people in the workforce now. Over the age of 65 in the were 21 half years ago it's because people have read their rub a little mesh bags have been now wiped out of the money there or count on. To -- see him see him through their so called the cool thing years. 187 I wish I got an all my money out of the stock market before at before it crashed. 18774694. This year until they surely this thing to this chart unity concede the charred and your falls off a cliff in 2000. Eight and it bottoms out in 2009 and it comes back up and now you're supposed to be happy and often -- -- in my case I got the you know 3040% of my money and cash and bonds. It's on source we have been now that it's back up to where -- I guess unless -- that I was but you know what -- appointment and -- put money aside for two years to get back to where -- -- back to where was. And like The Wall Street Journal story says I mean that the market hasn't moved. For a decade when you move to I mean I moved up a little bit in 2007. But you know there. All just you don't need dollar cost averaging it -- all get out of the market when it's high end don't sell what it's walk. Just keep putting the money -- in -- you know was like it again it was like funneling. Of funneling. CN in two way he. It did in two way and under tell the you know would that the money were just taken right now audited this it disappear I stopped I'm sure you I Albania did -- Steve you're next with how -- cargo ahead Steve. -- -- Listen people don't have to worry about fifty grand for college you mean that what part of the health care -- gonna covert. But there's got a little low -- the get a loan you the money you Steve for rice. We how we put you. He only had to pay 10%. Back up there. Or year of your discretionary. Income. The load your forgiveness after twenty years and it proves difficult he gets to declare bankruptcy so it. So there's no reason to worry about it the grand a year for college. All of that word discretionary what does that mean Steve by the way. I have no idea what's this way that Khalid and a -- hit colleges don't have to worry about people finding people that they could be green here because Obama has. -- didn't they instead of mom and dad will give you the money. That's great thank you thank you Barack I appreciate that for doing that for my kids. Thanks 18774694322. Bob your next with how we cargo ahead Bob. How we aria good. Good hey I gotta I got a good story right and open a bad -- your editor of that yes. Daughter graduates are about Victorian provide to -- who believe the -- scholarship. To Brandeis University that stands but not all cracked climax. Bad news well I was well look the paying child support and asked what I'm still being very hurt to go to college. Do to the state another reason why we don't want the government running our health care system. But has so even know. She's well in college. With a full scholarship. -- have to pay the state. The child support state for college. You know while there's a great quote -- I read for my John Barrymore the great actor of the early part of the twentieth century you don't he said. What you'd never know how short -- month us until you have to start writing alimony checks. I. Oh yea bet that true. While there's you know the problem is you never realized what a great line that is until it's too late -- yet. Yeah it. Thanks for the call getting here but by who won 8774694322. Like when they call it. Child. Support. You know you don't mind paying child support but a lot of time to feel that perhaps the money is not going. Or friends of mine have anyway they've told me they feel that the money's not going to support to children it's going to support. We think policy ex wife Allison you're next with how we cargo ahead Allison. How long time well aren't silent or let it show and I love the educate kids as the great majority of this morning -- -- -- -- -- -- -- -- because brainwashed or like there's no -- and yet she -- Dolly technique so mom this is the DL. It I don't to a state school for the first few years. I can go pretty much anywhere I want that I got. Well help may but I gotta -- -- and everything exactly can no one looks -- that the twelve on the wall. And did what did you go off for years that's that's cool. I mean I I went to export these that meant to -- college. Ellison let's face like let's be honest nobody looks at your diploma period -- -- -- category go to doctor yeah well. Yeah but the doctor has it prominently post that I mean -- too many people haven't prominently posted and there are -- in their offices or in their ankles. But you still have to put it on direct and excel you know you know -- he put accurate -- that's three graduate from actually graduated from so if she goes to a state school on. And she'd been good with that since the beginning he's the one that -- -- to me so I do I have to try to -- -- them against you have that right. Go to -- school and then we'll make it happen but it goes someplace elsewhere blown by you know. Three. But you know the good thing is Allison is in MI you probably figured this out it even if she hasn't once she's that the state school she's probably going to be fairly happy there and -- ever friends and she's not gonna move. Right right right well open. I hope I can say the odds are pretty good to -- Kids are like anybody else they don't like change once -- they don't they don't wanna be separated from their friends desperate especially especially when not behind it comes a a monthly notice in the mail don't they -- a thousand bucks a month. Player you're going right exactly thanks for the call -- 18774694322. On how point guard. -- -- 187746943221877469432. To bank of mom and dad shots -- white -- The bank of mom and dad Wellesley has been. A fairly stingy lender. No like going all Barrymore. Mr. potter. In. It's a wonderful life you know I never level I never wanted to give a lot of money I wanna give molest now. Rodney here next with Howie -- go ahead Rodney. -- -- Art tour player I think that -- -- concept that parents they've heard everything embed it expecting it. -- has probably contributed greatly because Leo problems -- just hurts the economy. I had -- co work through it all all proud buddy you're go to -- was able to get -- house -- 0% down. I'm ever what I thought I outback in. ROY pulpit goodnight -- I put 20% out of respect. Right there wasn't it wasn't back in the Middle Ages when he had to put down 20% right I remember well two. I think it was a good idea terribly get -- get of the game all these people are able to walk away houses that they did what keeping it away is part of Bard that equity but it walked away from adult I terribly big oil hit -- today and dump the parent and edit edit edit them. I agree and it's just -- it's just gonna war. You don't distort the housing market even more they really do. Allow people to walk away from their loans were to renegotiate their loans downward without any. Penalties. We move on somehow -- car. You've been hearing me talk about some of these PH one point.