Parker Flats: Rate Lock

We locked in a rate for a loan that lasts eighteen months, so this thing needs to be done by the end of '07 or we're in trouble. 7% ouch, but it looks like interest rates are not coming down for awhile considering that even what we have is still near historical lows. If its up over 8 or 9% in two years we'll be looking smart. We also have the opportunity to drop it down if by some chance the rates drop.

There was another story in The Enquirer that claimed even though Cincinnati's population has dropped overall the CBD housing is strong and has doubled since '04. I'd like to think that another 55 to 110 people on west 4^th will spur some new retail on the block, but even if it doesn't 4^th street is going to be dense with residents.

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