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Definitely not less than half the price. The build I see linked in this thread comes in around $950 with as close to equivalent specs as possible. The machines people on YouTube were building when the specs were announced, before the RAM and SSD prices spiked, were coming in a little under $700 at the time.
I just checked my local marketplaces, and it is easily less than half the price. Of course, the parts are second hand, because they’re not even sold new anymore.
Alternatively, you can also build a PC smaller than the Steam Machine, running a Ryzen 7 8700G. It’ll be even cheaper, but also considerably weaker on the GPU side.
“If you hunt stuff down, buy used, and get good deals, you can do it for cheaper.”
I don’t think you’re making an honest comparison if you’re doing it with used parts. You can get lots of things cheaper used.