Effectively, population density meets desirability (e.g., strength of school system) meets a bank's willingness to float a mortage on a property + buyer meets i

Effectively, population density meets desirability (e.g., strength of school system) meets a bank's willingness to float a mortage on a property + buyer meets inventory meets (perhaps) acreage & sqr footage. When it's easier - and smarter? - invest in property instead of stocks or plain vanilla savings, then naturally prices will increase.