Yes, the stuff I added is anecdotal, but pretty well established from my discussions and observations of high level operators and related service providers (Bain, McKinsey, etc.) LMK if you've ever seen a slide deck in their post-acquisition plans that says "Impact on Community."

The PE complaints are mostly unsophisticated from 'the community' but actually have a very reasonable underpinning - as discussed above.

Finally for builders - this is great. Probably the single best application - but again, cost benefit I'm pretty sure it's not only economic drag, but social drag as well.

Again - the asset class has expanded massively. It's due a reckoning - curious how many firms are actually solvent were they required to sell their holdings in market.