As others have mentioned, this is really only a problem in some very specific markets (San Francisco, Silicon Valley, Manhattan). It's not really an issue for most of the U.S. That being said, we have to weigh the pro's and con's of either limiting or levying heavy tariffs on foreign purchases (not just Chinese, that'd be absurd) of property in the States. The pro: 1. Capital flows into the U.S. Those foreign landowners not only pay the locals they purchase the property from a sizable chunk of cash, they also pay sales tax (where applicable), property tax, HOA, etc. All of that money goes towards the local economy in one form or another. 2. Wealthy foreigners now have a stake in U.S. soil. This gives them an incentive to favor policies both by their government and ours to protect their investment. Which means they'd be pretty unhappy about policies that'd crash housing prices in the U.S. 3. Less capital is invested in their native country. Economics amongst nat