We also (depending on your source) have upwards of 11M illegal immigrants.  

Maybe not as insane as 2021, where we had work from home (still do), Millennial buying (still do, and Gen Z), constrained supply (more now), increased costs (still increasing, just slower), aging (about the same), worker shortage (still do, and more if border policy/immigration is tightened) etc….But, I assert, demand will be strong in 2024, like...sourdough bread, sopping up all the goodness on the plate (housing supply) to the last drop.

miami and austin is market to be watched, because if they are rising, it comes from natural demand rather than immigration outflow.

Yay another JP based xpat (I have been here for 18+ years, so at this stage, I feel more like an immigrant).

Is there any immigrant investor over here?

I've taken tenants with short credit history as that's the norm when it comes to anyone that recently immigrated here. 

No, but I'm in Canada and our government has had massive immigration creating a housing shortage.

Lots of smaller, older home were likely to be torn down in big cities so buyers can build larger infills.With Trudeau and his government allowing 5 million+ immigrants in over the last 5-7 years (which is not sustainable), our population has grown too quickly and it has created problems. 

@Malgorzata SadowskaI have foreign immigrant tenants in my triplex They were inherited .

My guess (and certainly not to judge) is they have two illegal immigrants working for them or a priority arrest conviction.