As mentioned in my previous post, the answer to your question, “PF” is that, “yes,” you will be able to find a fantastic home in the $1.5-$2.5MM range in San Diego county, and “yes” you will get more for your money by waiting a little longer–how much longer, well???
We got into a huge home in La Jolla for the low six figures, pre-boom, and I doubt if it will drop that far again–but you never know. It doesn’t matter to us, because, as other posters have mentioned, we live here because it’s the lifestyle that we love. Our kids will soon graduate from high school, and have grown up to be great human beings.
You’ll just have to monitor the specific area of town you are interested in based on many personal factors, and watch for the “great deal” you are looking for.