First Time Home Buyer: Buy in the Location of our Dreams or Current Locale?My husband and I want to take advantage of the housing market (and feel like we can afford to do so), but are unsure of where to buy.We know we someday want to end up in San Luis Obispo (where prices are low, but haven't necessarily tanked like in other markets), and are considering buying there now (and finding renters or putting it onto the vacation rental marketplace until we actually move down there). This option would leave us paying our mortgage (but having it subsidized by renters) and also paying a rent of about $2K in the Bay Area.The other option is to buy in the Bay Area (where the market may have declined slightly more than San Luis), just pay a mortgage and not a monthly rent, and then sell the home and put that money towards our dream home. We're probably not in a place to move to San Luis Obispo for another 3 years. What is the best bet for our future? Any insight would be greatly appreciated!December 21 2012 - San Francisco00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.