The other article also published yesterday, <a href="http:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;the-danger-of-foreign-buyers-gobbling-up-american-homes-2015-10-08" rel="nofollow">http:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;the-danger-of-foreign-buyer...</a> makes it look very grim. However, is there data available, or is there statistics on the economic disaster for the average American that is sketched here? It&#x27;s one thing to not to have poor immigrants. It&#x27;s another thing if you also not want to have rich immigrants... (That is, if these people are actually living part of the year in their homes).<p>There is also a lot of political room to improve the situation for the average American. If the super-rich in America become all Chinese, progressive tax reforms might accelerate. This in itself might start to bridge the gap between the rich and the average Americans.<p>Also, homes don&#x27;t just sit there. People live in it, do their groceries, repair work, go out. There is additional money pumped into the economy by rich people living in it. Money they otherwise would spend in China.<p>Moreover, it is possible to build more houses. :-) I don&#x27;t think the US is such a crowded place that we&#x27;ve to worry about space.<p>These are all speculative mechanisms at work... Some scientific studies are definitely necessary here.