[gonvaled]

> but I don't find anything inherently wrong with a country, any country, limiting or otherwise taxing foreign real estate ownership

The only thing inherently wrong with that is that the US has been advocating, and profiting, from the policy of relaxing rules for foreign investors for decades, to the point that most of the world is now partially owned by US interests.

So, while the US actors were the only ones which were in a position of profiting from those rules, since other economies were not developed enough to really expand into foreign markets in a massive scale, lax rules for foreign investment were perfectly fine.

Now that most of the world (thanks in part for the progress in IT) is in a position of profiting from those lax rules, the US is turning inward and tilting the playing field, again.