Living in Australia we all face pressure from family to 'settle down', 'get a nice backyard for the kids' and get in now, it has always been hard to get started. I have responded with rational discussions about how it is now five times more expensive to buy (inflation adjusted) but people don't listen or don't want to listen.
This is the mother of all housing bubbles IMO and it will be matched by the mother of all busts.
Ask yourself and your friends and family:
Could prices seriously be another five times more (inflation adjusted) in 30 years?
That would mean median prices around 2.5 million IN TODAY'S MONEY!
