we are being cheated

Good luck collecting on that one.

deep thoughts!

Scutfarkus,
The FAA controls airspace. However, you do, to a certain extent own the air rights above your property. I don't know where you are from, but in major cities air rights are bought and sold all of the time. Most large cities have height restrictions, but allow developers to purchase the air rights of neighboring properties. A developer can then add the purchased air rights to its own air rights and increase the total permissible height of its building.
People also purchase air rights to prevent shadowing and to protect views.

Here is a link to an example of an air rights sale offering
http://www.masseyknakal.com/listingimages/anotherdoc/pdf/633695138779109805_AnotherDoc.pdf

Condo's rely on the sale of airspace. A deed for a condo does the standard description of property, then goes "up" from a stated point.