I'll take a crack at that.
On this idea of good debt and bad debt, when we lend somebody a mortgage, at that time they follow the stress test. In other words, they qualify. There's always going to be an element of individuals—and it's a small element—who will take their mortgage and everything's good, and maybe they'll buy a boat after. That's after we've actually qualified them. That's going to be a small element.
Your worry is that people take on too much debt. Well, let's look at the great success stories of all Canadians who have bought their first homes. Think of your parents. Think of your grandparents. I haven't heard one easy story about the first home a person has bought. Sometimes they may feel a bit stressed, but are we to say that average Canadians are irresponsible with debt? I don't think they are.
I've been a mortgage broker since 1988, and I've seen nothing but success stories. Have we had some market slowdowns in that period? Yes, we have. The vast majority of people continue to do what they have to do to make their mortgage payments. Say, 25 years ago, when they were 25 years old, it was tough. Today they've paid off that home and they've been able to use that to fund their children's education—