I have no idea what you're talking about.
Population is increasing, and much of this population wants to live in certain specific areas of the country. If the increased population was distributed evenly across the square miles of the United States, you'd never notice it, but that's not how it works.
The supply of buildable real estate is severely limited, both by geography and ever-increasing limits on development of both homes and supporting infrastructure like highways, power plants, reservoirs, and other things. Add to this increased costs of transportation to work, and urban housing gets even more attractive.
The economic tension between these two is why prices are rising.
Seats at a rock concert go for high prices because there are more people who want to sit in them then there are seats. This does not mean that these seats are more valuable than the people.
Current Events » in reply to Personally, I was fascinated by the idea that property has more intrinsic value than people.
Cripes.