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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Terry Whitman who wrote (67619)10/9/1999 10:50:00 AM
From: Oblomov  Read Replies (1) of 86076
 
Terry,

I have several friends who work in commercial real estate here in Indianapolis, and they tell me that the market topped last summer. The lower interest rates of late '98 - early '99 only fueled
activity in the residential sector of the real estate market.

What you are seeing down south is happening here as well -
lots of construction going on... and yet I pass two large, mostly
empty office buildings in my 20 min. drive to work. There is simply
too much existing (not to mention planned) capacity.

AA
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