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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (38541)	6/7/2000 3:38:00 PM
From: LLCF	Read Replies (1) \| Respond to of 42523

<1) the effect is not 1-to-1 (there is a lot of data to prove this),> And either can lead... high lease rates increase prices paid for buildings, which leads to overbuilding as reletively cheaper materials and land are transformed into buildings and then at the 'inflection point' suddenly the leases follow the actual lower as buildings change hands at distressed prices and are filled with warm bodies at 'any price'. Phoenix late 80's to early 90's. DAK