Yes they are doing that worldwide! Fully endorsed and encouraged by local governments (which is why its such a huge problem). Here is a report on the chinese invasion of Canadian real estate. Its from Australia where this is also a huge problem. Australia has recently taken baby-steps towards slowing the foreign owned housing crisis via increased taxes, but it is too little too late for many young people to afford property in some cities. In Vancouver this is still a massive problem, basically because verbalizing the word "Chinese" seems to get you labelled a racist Nazi over there.   The report actually briefly mentions all this. It is surprisingly honest. https://www.youtube.com/watch?v=IZs2i3Bpxx4 TLDR: Wanting your children to be able to afford a house is not racist.