Why oppose a Russian millionaire buying an LA townhouse, but not a Texan millionaire buying the same townhouse? After all, both millionaires earned their millions thanks to low taxes and lax regulations in their native land. Isn't it unfair for an LA native to compete against either of them?
Why oppose a Russian millionaire buying an LA townhouse, but not a Russian millionaire buying a Degas painting? If LA residents deserve laws to help them buy a townhouse in a good neighborhood, don't they deserve laws to help them buy other luxuries?
Why oppose a Russian millionaire buying an LA townhouse, but not a Russian tourist buying a ticket to Disneyland? Tickets to a venue of limited size are the most inelastic of goods. If you ban foreigners, won't that help lower demand for tickets (and therefore ticket prices) and reduce lines for native LA visitors?