It's happening all around the world. Been happening for years now in Australia. Sydney and Melbourne have huge pockets of areas full of Chinese investors.
The government is starting to crack down on the rules that foreign investors are only allowed to purchase new homes.
The scariest thing to me is that Australia is selling off their farm land to Chinese investors. With little to no regulation.
It pisses me off that I can see the places where food is foraged from but can't buy it b because it goes straight overseas.