here here, bringing money into the economy grows the economy. If they want affordable houses then make them and insure access is only for citizens etc.. who have a need for employment etc. in the area. You know they sold off so much government real estate military bases etc.. to developers when they could have developed those things as part of a housing strategy. The government just takes and takes, it doesn't want to solve its own problems by acting like a business can, by developing a business model that works.  In the UK you have a certain number of affordable units being set aside, at lower costs paid by higher costs units bought by foreign buyers.  USE THAT MONEY TO MAKE AFFORDABLE HOUSING. That is no brainer. Scaring away foreign capital is HORRIBLE HORRIBLE HORRIBLE.