I’ll actually argue that it artificially inflates the price beyond the means of those who do not own yet and even those who own but are priced out of upgrading

I’ll actually argue that it artificially inflates the price beyond the means of those who do not own yet and even those who own but are priced out of upgrading to a better home/location, by bringing in investment money from outside. Housing is a necessity, and should be limited to residents, IMHO at least.