system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: citizenship or residential status should be a requirement to own property in a country

The more I read about housing situations in large city’s especially on the west coast of the US and Canada the less I understand how foreign investors are aloud to buy up land in these city’s and increase the cost of living for the citizens of these places. Recently I saw that New Zealand put restrictions on this but after I read what it actually restricted it still seemed pretty lenient and open. To me it seems like common sense to almost completely ban this with maybe special exceptions for the countries closest allies, but definitely should be completely disallowed for relatively hostile foreign powers such as China. Having some of the most valuable land in your country owned by a foreign country seem like a borderline national security risk as well as not being in the best Interest of the people the government is supposed to be representing and protecting.
gpt
There are *far* better solutions than a ban on owning land.

You can tax the value of land, getting these foreigners to pay for your public services for you.

You can simply relax zoning laws and build more housing, which will reduce the cost of living and improve the economy.

In general, foreign investment into your city is a very good thing. If managed well, it'll create jobs and wealth for your citizens. There are way easier solutions than the international incident you'd cause by trying to ban foreign ownership.