In some countries housing supply is limited and the housing market can be messed with by influx of foreign ownership. Possibly less of an issue with US due to size of the country. Still, I think if someone can buy land here, we should be able to buy land there (within reason)?
If the news is to be believed, housing supply is limited in the US.
US Housing is generally a safe investment for foreign investors. Since US vestigial racist policies make it difficult to create dense, affordable housing, single family homes are in high demand and relatively limited supply.
Just tax the hell out of that property and use that money to build more housing. Much like many countries charge foreign students more and use that money to educate their own citizens.
