Thank you for that.
Maybe I'll frame this question more towards generalities. It might be a little bit easier for you to respond to. The other question I want to ask is also relative to tax increases. This is on homebuilding. Your testimony earlier was that we need greater housing construction in order to bring housing prices back to reasonable levels of affordability.
If, in fact, a government increases taxes of any sort, that of course will reduce or limit supply, depending on the amount of taxation and various other factors. Is that correct, sir?