In 2001, most of the new homes up to about 2,500 SqFt in size in the 92078 zip area sold between $280k – $340k. I’d be surprised if the pricing levels don’t drop to this level again by the time this is all over. Maybe even lower.
A $300k home in SEH, with a 90% down situation, results in a PITI payment of about $2,100/month, not counting Mello-Roos and HOA. That’s at a 6.5% mortgage interest rate. If interest rates jump up, and frankly I’m amazed they haven’t already, it increased the payments even further.
Time is on your side. Patience is the new “bold”. Relax and try to think about baseball or something.