 requiring refinance. The real question is, where is that bottom? Who can call the bottom? Whoever can call that, time that, and if the market recovers, there are massive fortunes to be made in this chaos. But so far, there's not a sign of a bottom in that marketplace. Some of that real estate can be converted to residential or other adaptive reuse. But in many of the top markets, say San Francisco and Los Angeles and New York,