My wife had the nesting itch last Jan of 07 right before our 1st child arrived and we were looking at tons of properties in SEH. We tossed a lowball offer at 1508 clifftop and a bunch of others but luckily none took so we pulled out and rented in 4s. That being said, we sold our home in Wash DC and have been sitting on our gain for two years so if SEH breaks down to the 300K range and the home offered me ocean views like clifftop, i would be all over it as long as rent = mortgage or close to it. Im not a flipper and would stay long term.
