Yes, I believe that intellectual property is still a person's real property. Granted the definition of these terms are different, I think that if a person comes up with an original idea and it is realized then it belongs to that person. This is why the copy write and patent laws are in place.
If a person invents an idea, they should be the one who takes credit for their own work and invention. Without incentives to create things, inventors, artists, scientists, and more would not have little motivation to create. If a person creates something, they deserve to be the one to profit from it - whether financially, through their personal relations, through fame, or even by giving up their property rights, if they so desire. Intellectual property is real property, and it promotes progress and growth of ideas.
Just because you may not be able to hold and see the property does not mean it is not real property. Someone spent time coming up with that intellectual form of property. That form of property is still theirs even if it is abstract and not concrete. We should continue to regard it as such.
Yes, I believe that intellectual property is just as real as real property that you can see and hold. Someone had to have a good idea in order to create the intellectual property, and just like real property, intellectual property can also be stolen by others and passed off as their own piece of original work.
Using the word intellectual in front of property is simple misdirection. To more accurately understand the farce, try calling it "thought property". Thoughts are immaterial. They cannot be owned. A car can only be driven by one person at a time. But a thought has no physical limits as such and can be held by as many people as would care to hold it. The only people that benefit from IP being taken seriously are the suits in publishing. i.e. the unneccesary middle-men who want a piece of the creative pie without actually having created anything.
I agree that someone's thought should be their own and no one should be able to steal it, but unless that person has so little motivation to not record it in any little way, property rights should go to the person who had the motivation to record and act on their impulse. Look at the new Taco Bell commercials concerning the Cool Ranch Taco. Everyone is saying how they had the idea awhile ago but it doesn't matter because they cant prove it nor did they act on their impulse.