Carlsbad is great family town, I would suggest renting in the area for a while before buying.
People tend to make big mistakes when then come in cold new to an area, and regret it big time later. Do research on school district. Carlsbad schools are very good, however parts of Carlsbad are in other school districts. I know alot of folks in situation who bought in last few years, many are now underwater and are essentially stuck, some going into foreclosure.
There are some good deals emerging in Carlsbad. Although some additional depreciation is possible, many believe that the major price drops are behind us. Housing prices will likely plod along with low single digit growth for many years, with single depreciation for couple years due to current inventory overhang. Of course, all bet off if inflation kicks in and mortgage rates jump (mortgage rates are highly correlated to the 10 year Treasury yield). Better hope the Chinese keep buying our government debt!
Check out the local piggington site for good info on neighborhoods
Here's a recent post. some tongue-in-cheek. But essential advice is rent before buy.
http://www.city-data.com/forum/san-d...san-diego.html