First of all let me say how amazed I am at your savings ability! I consider myself pretty frugal and I haven’t been able to save much at all these past few years!
With a wife and baby, a $250K mortgage might be pushing it just a little tiny bit, but in my opinion that’s not too far off.
I’m of the opinion that the lower end of the market has been bouncing and skidding off the bottom for the past few months. Look around … you might be able to find a nice townhouse or even a SFR in your price range. Just watch out for Mello-Roos, etc., in some of the newer developments!
Now if you’re waiting for 4S, Carlsbad, Encinitas, etc., to start tumbling down, open up a cold one and find yourself a good seat 🙂
