Pretty much everything I see in SD at the $1M price point is break even rent vs buy. If you are confident you are going to live here for 10 plus years, why not buy now. In 10 years we may be flat on home prices and 8% interests rates.

Look at it from some other angles, you could buy your first investment property and live in it now. 4plex maybe? Or just a condo.

Another consideration might be to get something now while your single and can set it up as a premarital asset investment property.

Also, what is your life financial goal? Play it safe Millionaire next door type? or do you want to take more risks and think a little bigger. Either way is a fortunate position.

I would buy now. Buying smart is the key. Present more data on your situation and you will get some great view points here. Work location, ideal home location, do you see yourself as a landlord, do you have any home improvement skills? What does the perfect home look like to you?