What is insane? I’ve been staring at valuations so long that $1,000 a square foot in SoCal doesn’t seem “that unreasonable”.

Heads up, the rest of the world don't know what a "square foot" or a "SoCal" is.

Heads up, the rest (most) of the world has access to Google to figure it out easily. Same way Americans convert a square foot to a square meter, or tatami, or whatever.

To be fair we can also google Australian house prices ;)

Maybe we need an international standard for house overpricedness - median hourly per square meter or something.