Yea, I'm not going to dig a hole for myself. I'm saving a lot and don't have any other debt. The housing market is insane in SoCal right now. I missed the last down swing (happened when I was in grad school) and it's peaking again so I'm just going to wait it out. I'd rather rent a few extra years than lose a bunch of money because the housing market goes down.
I likely won't be in Southern California forever, I like having the flexibility to move for a job if needed.