I don’t believe in “bubbles” and “echo bubbles.” It’s not ever going to get any cheaper to buy a home in SD County, ESPecially an SFR which is well-located.
Our last RE “bubble” (of 2004 thru 2007) was artificially caused by lax lending, which isn’t going to ever happen like that again.
Anyone who needs a house for their family and doesn’t have a reasonable locked-in rental deal for the duration and is qualified to buy is a fool for waiting for another crash to do so. Their kids will likely be grown and out of the house and it will never happen.