Mid $500K homes in San Elijo, Mid $400K homes in RB, mid 300K homes in Oceanside, nice townhomes between 300 and 350K are just a few examples. Hell I even have an $800K home in Coto De Caza (home of Real Housewives of the OC) that has a pile of offers (ranging from 20% down to all cash) from owner occupiers vying for it.
All of these are affordable to the people that want to buy them without a stretch. Those prices all make sense for the people that want them now. Think about the Piggs who have bought recently. Buyers are now responsible and conservative in their purchases. People are putting down 20% and buying well under 3X annual income the way they should. And make no mistake, there are plenty of them that can and want to.
