That's one theory.
Counter theory: for all of human existence people have shared resources and traded among each other. Yes, for truly scarce resources trade breaks down.
So is "good housing" a scarce resource on Stanford's campus? Or is their default resource allocation schema too anti-human so it's turning something that should be a simple trade and negotiation problem into a knife-fight?
America is rooted in capitalism, so the resource allocation schema of scarce goods (e.g. nice homes to raise families in) is indeed a knife-fight.