[ra_men]

For most industries and investments, sure. Shouldn't matter who owns what.

Property and real estate have a different utility, in that it provides one of the most foundational needs a person requires. It's not the same as a chinese investment firm buying up various asset classes, non-native investors buying up real estate that could provide shelter to native citizens is a problem.

[cycrutchfield]

> non-native investors buying up real estate that could provide shelter to native citizens is a problem

Aside from xenophobia, why?

[pseudo0]

It's an obvious national security issue and avenue for potential economic coercion. It also has significant negative externalities for the local economy. For example, good luck convincing a software dev to relocate to Vancouver when a basic detached house costs a couple million dollars. It makes industries that actually produce things uncompetitive compared to services facilitating rich foreigners' asset flight.

[justinclift]

In a time of plenty for everyone it's probably not so important.

But when there are constrained resources it generally makes sense to look after the locals first, before providing for non-locals.