Just my opinion but if you can find something you like at a good deal on the current market its worth considering because interest rates are insanely low. If you were a cash buyer you’d likely want to wait a bit more but as I know you arent sitting on a big pile of cash the low rates mean alot to you.

I can speak best to Encinitas as its my backyard and I know it better than any one else on this board. It seems like a very high percentage of the peak bubble buyers have already been wiped out of the system. I’m sure there are more out there but the worst seems to have passed around here. I have seen prices rebound after over correcting (at least at the time they were and thats not to say there isnt more downside). My feeling is we will see a long and painful stagnant market around here for another 3 to 5 years. If they drop lower, demand will increase and if rates shoot up they may not be affordable to low down buyers anymore.

I dont know enough to say buy now nor would I ever do so but you should at least go through the motions to see whether it makes sense and whether you can find/afford what you like.