Yes, I know it was more than 10 seconds, but he's the sprinter, not me.
To the Home Builders' Association, I'm looking at page 3 of the submission, at the statistics on the number of purchasers of the new single-family homes who qualified for the GST housing rebate. The argument here is how few people actually benefited from this.
It begs this question for me: why do we need a further reduction? I don't know why we need to have an even smaller rate when apparently new home sales have not exactly suffered from that.
I will also just add in terms of context that making new homes affordable to a large number of people who probably shouldn't have been able to afford homes has caused significant problems, particularly in the United States.
I throw that open for you to address this issue of.... Affordability might be one thing, but maybe from a public policy perspective, if it hasn't been holding back purchases of new homes, why do we actually need to have lower GST?