Sounds like you are looking at buying, despite your protestations to the contra. Del Cerro strikes me as very Clairemont-esque, as in tracking the median.
It seems like every couple of weeks or month someone posts a thread along the lines of yours, seeking opinions about buying something right now. It also seems like the responses are pretty uniform and go something like this.
“If you want to buy right now, just understand the market is set to decline pretty significantly across the board over the next few years. If however you love this place, then who are we to sway you not to buy, caveat emptor.”