Yep, $363/sq ft is a bit high. Must be a nice place. I wish you well in your search. With time, something will come up that fit's your needs, and price range.
Sounds like a bubble. Unless the jobs are there to support the high prices, they cannot last. As I recall, you have to stay near Chico for your job. Staying in an apartment for a little while sounds like a great idea. Good luck, and keep us posted.
If you plan to retire in just a few years, it might be smart to rent until retirement and then find something that best meets your long term needs for that stage of your life.
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