If you are planning to buy in an area that is already over the last bubble peak price, most likely you can rent considerably cheaper than buying.
If the area you are interested in is still down 20% or so from peak and the area looks likely to grow (which most outlying area’s in SoCal do), then I would consider buying.
I don’t think the area’s already past peak will crash, just not as likely to appreciate as much percent wise as maybe some outlying area’s that are still growing fast.
