In 2 years time, I hope to have stable work at a good tech company and that prices will fall another 20-30%. Then I can afford to buy a place here in San Diego.
I am also looking at places in northern California- Sacramento is a lot cheaper and I lived there a long time it is nice place. And close enough to San Francisco for weekend getaways and to Reno/Lake Tahoe for summer and winter snow ski times.