Thank you very much for that.
I want to talk a bit about some of your comments with respect to the regulation of rent versus the cost.
Milton Friedman once described price controls as taking a boiling pot and trying to hold down a lit as hard as you can. Inevitably what will happen is that water will explode and burn the holder of the lid. You mentioned the fact that while the landlords' revenues are regulated, artificially limited by the government, their costs are not. You described that as a “perfect storm”, I believe, if the translation was correct.
Could you describe what the eventual consequences will be if we continue to drive down this road?