You gloom and doomers! Don’t you know that interest rates are at historic lows!!!

Actually, 4plexowner, Coastal North County homebuyers don’t care about interest rates since they mostly pay with cash. Haven’t you heard? The fabulously wealthy are leaving their pied-a-terres in Monte Carlo and St. Moritz to buy 3/2/2 stucco homes in CV and Encinitas. And of course our local middle managers and salespeople have to do something with their $800K bonuses from 2008. You can only buy so many 5 series Beemers before it gets boring, you know…