And no blame to local establishment businesses who shut down shop because the offer is just too rich and are replaced with rows of communist-era-style condos

But we need borders to protect the public interest! Immigrants must come through the proper way! We must have national sovereignty!

Alright.

And what about foreigners laundering their money across the border and inflating real estate so that the legal citizens who actually work here are subject to a foreign-interest feudal rent economy in which the value of their productions and labours is sucked dry and they are forced into debt just in order to be able to have a place to live in and food to eat?

But the inflation of real estate is good for the economy!

LOL.