That's if they're able to achieve it. The key finding of the paper was that if they were actually able to achieve the 500,000 housing starts per year, we would end up in a very odd place in the housing market, with incredibly high vacancy rates. In terms of the policy objective they're trying to achieve, based upon our modelling, they don't necessarily need to hit such a high target. It's not to say that everything's going to be affordable and people are going to be able to afford the homes they want or that we're going to return affordability to where it was in the 1970s, but in terms of the immediate policy objective identified by the government, potentially, you don't need to be at the 500,000 level.
