Mr. John-Mark McCafferty:

Regarding homelessness, you would need to model it. I go back to between 2013 and 2016, the period of the early recovery when this phenomenon whereby there was a wholesale increase in rents emerged, albeit from a relatively low base of rent levels. That increase, with things like the rent supplement levels not keeping place or geographical mismatches, meant, ultimately, that a growing number of households with an increasing inability to keep up their rental payments. Therefore, you had economic evictions and a ramping up of people entering into homelessness. We have been here before in a period when there has been either no or low imposition on rent levels as a result of legislation. It was only when the RPZs came in that there was a solid moderation.