It is difficult to argue that there is a bubble on a national level since it more of a coastal story, such as California and Florida. There has also been a reduction in speculative buying.

It was very, very difficult for a program that was so competitive at the national level to look like it was going toward extinction. The lifeblood of a Division III program is having kids. We don't have athletic scholarships where you can replace players very easily. When those numbers dwindle down, you start worrying about whether you can field a team.

The notion of a bubble bursting and the whole price level coming down ... as a national phenomenon is really quite unlikely,

Andre's been doing this for 20 years at the highest level, and you just can't argue with that,

But you see-you-you can't-so-you can't so well argue about these things. I've learned that it's better that I-I don't talk about it.

Honor is but an empty bubble.