Decent area + cash flow + appreciation = Impossible to find?

[Wen Guo]

My parents would like to invest on a property that they can move in in 5-10 years later, meanwhile it could be used as a rental. They are willing to put down as much as 500k, and hopefully find something around Peninsula or South Bay. Half a year has gone by and we couldn't find anything for them, not SFR, not multi-unit... any suggestion on strategy? Should we look some where else first and come back in a few years? Or should we wait till the election is done and hope for the price to drop?