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  • Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.

    "Zell tells of optimistic outlook on real estate". Interview with Denny Gainer, usatoday30.usatoday.com. May 2, 2004.
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