"It just largely has been a function of there being very little supply".
It is a classic case of over-heating, too much demand chasing too little supply.
Add a little supply-and-demand to the mix, and voila: salaries rise.
The increased selection has altered the dynamics in a market that has long been characterized by high demand but little supply.
Firmino struggled to vindicate the call in the first half, rarely featuring in the contest but, in fairness, receiving little supply too.
"There is a demand and people are paying up for it because there is very little supply," said Ritu Kothari, who signed a lease with her husband, Deep, for a 1,750-square-foot 1,750-square-foot 1,750-square-foot620 a month.
"It's a bit like certain areas of the United States where property prices remain fairly constant because there's very little supply and there's a great demand to be there," he said.
As Adam Schatzker, an analyst with the Canadian investment bank RBC Capital Markets, said in an equities research report published last week: "It appears that the character of the spot market has changed markedly over the past few months from one that was heavily oversupplied with weak demand to one that has high levels of demand with very little supply".
At least, it seems unlikely that he will tell us to start taxing the poor more than the rich if inequality swings too low.Standard economic analysis tells you that when you put a ceiling on something, you get too little supply, and too much demand.
When Jaquinda was a teen-ager, Errol had stayed away from the Higueros household for perfectly good reasons: briefly a wild high schooler, Jaquinda had once shared with him her little supply of cocaine and things had very nearly gone off the rails before Errol sensibly fled to his air-conditioned insurance office.
