Thank you, Mr. Chair.
Mr. Dugan, we are currently seeing an increase in the cost of rent. People who are renting seem to be paying higher rent. Rent has not gone up as much as real estate prices, but it certainly has gone up.
In your reports, do you see a cause and effect relationship between higher real estate prices and higher rents? Is it a major determining factor or is it more marginal? Is it supply and demand once again in this case?