While my buddy and I want to eventually be home owners here in San Diego, we are patient and working on a down payment plan.
I am in no rush- as I have 18 months to think about it and watch the market. If the market drops enough then I will buy a modest place here in San Diego. If not, then I guess I will move to another state and town that is affordable so that I am not throwing my cash away on rent forever. While Dallas, Austin and San Antonio do not have the perfect weather nor beaches, they are nice towns with friendly people plenty of good jobs in technology and business and affordable home prices. I want a place to live in so that I can finish my MBA program and move up at work into management.