Graham Stephan

And all the existing home sales, just existing homes didn't meet our needs.

But again, back to the problem with the 52-year spreadsheet identified is builders had a problem.

They built the wrong inventory, right?

They built for the wave and then they were letting properties out at the wrong time.

We now live in a part of Henderson that's up in the hills.

We got something that was 15% off.

It had zero lot premium with a view.

So you guys know that that's money.

Somebody else backed out.

So we got all the upgrades for free.

And they gave us a 4.99% fixed 30-year mortgage.

So again, I always look for the deal.

Well, I think today it's probably true for most people because I don't think most people want to do the work.

So let me go back and answer that question, how to do it.

The only way I know how to do it is get remarkably disciplined.

I have this idea called a buy box.

I'll give you my buy box from 2001.

Again, remember, I didn't live there.

I didn't know anybody.

I had no experience in this county.