 So maybe that justifies having high housing prices today, because if you buy a house, you protect yourself from those higher rents in the future. But it's still hard to come up with a rent measure that really justifies how high prices are today. We're speaking with Greg Ip, chief economics commentator at The Wall Street Journal. The piece is called You Might Be Buying Your House at the Top of the Market. So what's the guidance here, if any, generally speaking?