I mean.. $200k entry level house for someone making $50k on the low end.. $1M house for someone making $250k.. kinda makes sense

If 100% of your salary went to paying off the house, I think it's pretty accurate.

I think you are the one living in the bubble. Take a look outside the west coast and northeast and there are new houses popping up all the time keeping house prices down because there are no geographical constraints [0].

[0]: https://www.supermoney.com/inflation-adjusted-home-prices/