Where are you? The article is about Australia. In Sydney, you probably wouldn’t have seen the prices you mention since at least the 1980s.

This Australian Property price update might be useful for information purposes. The median Sydney dwelling is AUD$1.1M or about USD$720,000. The median regional dwelling (ie outside of Sydney) is over AUD$700k, so about USD$460,000.

Yes, we are fucked.

Last I saw half the elected lawmakers have investment properties.

They’ll never make any laws that will impose additional requirements or possibly impact property prices negatively.

Yeah, he probably has an Android 🤮