"I do hope however, (that for the sake of our quality of life, and ability for our children to be able to actually afford to buy a property in their lifetime that still allows them to commute to a job,) that the market will eventually correct or crash to more affordable levels. "
I disagree with this. I would teach my kids to accept the challenge and start by buying small affordable properties rather than hoping for a crash. I will also try to teach them to make sacrifices.
the market provides oppourtunity every couple of years. there was a huge oppourtunity 2-3 years ago but everyone was waiting for crash and they miss out.
