The value of park owned homes is completely contingent on the geography of the park. Where home prices are higher, so is the value of POH stock. In a market in which the SF median home is $250,000, you will get a better class of customer living in a MH, so they are more credit-worthy and have more discretionary income. They can buy a 1980s home for $10,000, make every payment, and be thankful they found it. If that MH is in Gary, Indiana, where SF median is 59,500, $1 may be all that you’ll get for the home as everybody is broke and there’s no demand for mobile homes since all the housing is cheap. I am the eternal pessimist, and that’s why I’m always saying in the CDs that you should value the homes at $1, because I don’t want people to get into trouble by overpaying for them, and I’m not sure that somebody new to the business can be a good judge of relative home values. But the truth is that you can get $100,000 for a MH in a park in California and never have any problems collecting, if the surrounding houses are $1 million +. In fact, you would have Pam Anderson as a neighbor if you’re talking the parks in Malibu, CA. It’s the location of choice for stars on their way up and their way down.