Trump’s ‘Gold Card’ Set Off Panic in an Unexpected Place: Real Estate
Published On Mar 1, 2025, 8:00 AM
President Trump recently proposed a plan to introduce a 'gold card' program that would allow individuals to buy a green card for $5 million. This initiative is aimed at replacing the EB-5 investor visa program, which is popular among foreign investors funding major real estate projects in the U.S. However, the feasibility and legality of this new program remain uncertain. Critics argue that this change could disrupt current real estate financing approaches that benefit developers, as the EB-5 program offers cheaper capital compared to traditional lenders. The proposal has raised concerns among real estate developers who rely on EB-5 financing for their projects.
Stock Forecasts
SPY
Negative
If the 'gold card' program replaces the EB-5 visa successfully, it could create uncertainty in the real estate financing sector. This uncertainty, combined with potentially higher costs of capital, might negatively impact companies in the real estate development sector that have relied on EB-5 funding. Investors might consider reducing their stakes in such firms.
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