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President Donald Trump’s bid to lure wealthy immigrants to the U.S. with a “gold card” program could drive up home prices and worsen America’s housing-affordability crisis, according to real-estate experts and people who’ve studied similar immigration incentives in Europe.
Trump’s proposed program would provide immigrants who invest at least $5 million in the U.S. with a path toward citizenship. There are similar programs currently in place in the U.S., but they come with a smaller price tag. Trump said it’s possible the program could attract 10 million “highly productive people” and generate enough revenue to
This post was originally published on Market Watch
