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To: Paul Kern who wrote (72053)	2/3/2009 11:01:30 AM
From: peter michaelson	Read Replies (1) \| Respond to of 118717

Well, one can surmise an answer to that by being able to buy buildings at 65% off cost of construction. That's a situation worthy of study - what if residential real estate got that cheap everywhere in the US. We will have to invent a word for something worse than 'economic depression'. such as 'detroitification'

To: Paul Kern who wrote (72053)	2/3/2009 11:22:59 AM
From: Oblomov	Read Replies (1) \| Respond to of 118717

Prospects are better than most of the Midwest. The Indiana economy is heavily dependent on manufacturing, and its unemployment rate has risen markedly in the past few months to 8.2% (vs. a national average of 7.2%). However, the Indianapolis economy is more diverse, with an active life sciences sector, so the unemployment rate in the MSA is 6.7%. The governor (recently re-elected by a large margin) is the best governor in the state's history, IMO, and is both a visionary and a skilled administrator. The state actually ran a budget surplus last year, and is on track to do so again this year. Indianapolis has had some good mayors, and unlike many midwestern cities, the downtown is vibrant for a city its size and inner city areas do not show the sort of decay that I see in many other cities (I spend a lot of time in Cincinnati, an MSA of roughly the same size, for work, and the difference is remarkable).