No, I don't, actually, and my point about that goes to Paul's point about the different support we provide to homeowners versus renters.
At the time when I heard that banks were going to be provided with this cushion, I had a mixed reaction as a human rights lawyer.
On the one hand I agreed, because I don't want homeowners to be suffering and not be able to pay their mortgage and then have foreclosure happen. I especially don't want foreclosures of single-family homes, because that makes those homes prey to those institutional investors that I was talking about. We do not want to see in this country what we saw in the U.S. after the 2008 financial crisis, so I thought it was okay. I do think that banks have their own profits and I'm not exactly sure why they couldn't harness their own profits, but whatever, I was pleased to see that the government was moving to ultimately protect homeowners.
The reason I raise that point is that, as I understand it, right now the rental arrears—and my data is a couple of months out of date—amount to somewhere around $300 million, so it's $300 million versus $750 billion, right? That's for renters.
I'm telling you, I work very closely with city officials across this country from about 16 different municipalities—mayors, city councillors and housing departments—and they are very fearful, because they're on the front lines of this situation. They don't want to see an increase in homelessness. They're already having these problems with encampments. They don't know what to do about them. That was my point.