We all saw people saying housing was too expensive to buy in the 90’s @200k then 300k and so on. We all thought it was. One of my neighbors that rents had said to me, “I don’t wanna buy a house, all the costs for upkeep,etc…” Now he has been living in his house that was worth 130k when he moved there, been upkeeping it on his own, owner does nothing, pays higher rent every year and his landlord is 500k richer, they have always talked about moving somewhere else where its cheaper. They never do. I don’t expect they will. No one can afford to survive at these prices if they continue,(which they are not) but everyone in San Diego moving away from the beaches, weather and family, etc. is I think highly unlikely. Personal wealth will not be sustained just by sitting on it. So we will always pay more for paradise…or you can move, but most of us will buy eventually, and try to build the american dream . Income will eventually get higher, rents will go up and houses will come down. How much is the question NOBODY KNOWS for sure…they never new how high they would go, and no one can predict how low. Ebb and flow…….