It does make sense because what you're really paying for is the land the house sits on, at least in or near the major cities. It's a zero sum game because "God'

It does make sense because what you're really paying for is the land the house sits on, at least in or near the major cities. It's a zero sum game because "God's not making any more land" (Tony Soprano). The obvious solution is to start new cities -- or radically expand smaller ones so they reach critical mass. That's why I'm closely following Sidewalk Labs and YC's New Cities.