Are you seeing rent increases?

[Jon Klaus]

I just looked at my rentals that I've held at least 2 years to see how much rents have changed overall. Over the last 2 years they've gone up 6.4%.

What are you seeing?

[Will Barnard]

So Cal rents are somewhat flat, I have no idea about Nationwide. I do know that with the lending market the way it is, and with so many previous homeowners with short sales or foreclosures on their credit record, they are all forced to rent. This higher rental demand will have to push rental prices higher, particularly in areas where suppply of rentals is lower than demand.