wanttobuy – I am not sure if I saw this reasoning in any comment, so I can add it:
There is a high probability that there may be a severe recession by next year. More so in San Diego & California than nationally. This is due to the large part that home building contributed to GDP in those areas. So one aspect you may think through is, play out a severe recession scenario for 6 months to a year and see how your finances and employment may hold up. If it has only a marginal impact on your finances, then you are in a very good position. However, if there may be a need to relocate for employment, the house may become a shackle.
