>But another big factor for those buildings is that we were getting loans for them, too, and those were based on (big surprise) long term forecasts presuming th

>But another big factor for those buildings is that we were getting loans for them, too, and those were based on (big surprise) long term forecasts presuming this gravy train is going to keep on chugging for the next 30+ years. Harvard got spectacularly burned by the genius planning of Larry Summers in that regard.