What is pushing people online is the low costs. The Internet will save both governments and end users money. There's a lot to be gained.

Without question, the housing market has peaked out. However, I think it will be a modest decline.

If rates move up, housing will move down. But as long as we see relatively low interest rates and employment continues to pick up, housing will remain strong.

If you have an application exposed to the Internet that will allow people to make money, it will be probed. You will lose money; you will have problems. The reputation risk can literally put you out of business. Twenty percent to 45 percent of customers will leave you if you report a security breach.

What is different now is the negative comments on the demand side, ... It indicates that Toll's high-end market has probably peaked and at best will go sideways.

The name and credibility of these older and more established companies are winning them more business. Longevity and balance sheets are considerations.