Some might argue that there is a fucking involved.
Dave, there may not have been an historical Palestinian homeland in the sense of an independent state, but there was a Palestinian home to the hundreds of thousands of disenfranchised who sit upon the borders waiting to return. Just because a place is a backwater (and it is - this would be easier to understand if the argument was over the south of France) doesn't mean its not someone's home, where they raised their children, built a life and formed bonds with their community.
If there were only a small amount of people involved who were kicked out fo a backwater, then this wouldn't be such a global issue. With the Palestinian population boom, it involves millions of people now. Even Israel acknowledges that Gaza and the West Bank are "occupied" - that is, foreign territories.
Now these millions want their own independent homeland. I don't see that as unreasonable, provided that there is peaceful co-existence afforded if necessary by security.