You make strangely selective use of the word "entitled".

When it comes to local workers with jobs in a city, it could equally well be said that overseas millionaires are not "entitled" to buy up all the houses there as empty investment portfolio items, and are not "entitled" to price out the local workers from owning a home as has been the tradition for centuries in the city.

See, that's the thing about the word "entitled": You can use it to support whatever policy initiative you want. 

Many communities care about ensuring that local workers are not detrimentally impacted by floods of overseas money arriving, which is why many countries around the world have strict rules about who is allowed to buy property.

Your "entitlement" argument is a feeble dud.