Let's leave aside consideration of the xenophobic characteristics of your comment.  Purely from an economic perspective this is false.  Our economy is well served by aspirational immigrants who live and work in our country.   The actual issues surround foreign investment.  In the first case, foreign money buying real estate for the purpose of appreciation, without living there.  In the second case, a large amount of foreign investment driving up real estate prices and then selling or renting back those places to residents at usurious prices.  Please let's deal with the actual issue and avoid attracting the race baiters and haters.