It’s not actually a joke, it’s the reality of the current housing market. If you want to own a house now or soon, that is where they are affordable. The other part of that reality to face is that this situation is not going to be fixed anytime soon, so you will have to deal with it by renting a high-priced small place in a big city, or taking the option to own your home where you can afford to buy.
I’m on track to have my house paid off about 15 years early, out here in rural USA where houses can still be bought. I would never trade this life to live in a big city, unless it was free to do so. It’s 5 minutes away from 2 grocery stores, 30 minutes away from the largest city in this part of the state. Most people in my area commute about 20-30 minutes to work. All of my peers own their own houses here too.
So you can laugh all you want at that “joke” but those of us living it are laughing at you paying $2000 a month for rent.