So any clarity that the Minister can give around what research they did to indicate that that was a sensible policy decision on his behalf would be great to hear, and also what the necessary effect will be, because the person that may be looking at that second or third home as a retirement-type investment, and that's what this bill, effectively, captures. It doesn't capture the people that are necessarily in the business; it just captures ordinary New Zealanders that may be looking at a second or third home as an investment. They typically would do that at the lower end of the market, therefore providing opportunities for people to have rental accommodation. They're going to be very difficult to find, to be able to go into the top end of the market, which would then create a situation which would be difficult for them to invest and provide those opportunities. So I think you might find that the new-house exemption actually works against the policy direction that you're wanting to achieve, Minister. 