“Trump’s Gold Card Visa Program Is Causing Panic In Real Estate Circles. Here’s Why”
March 10, 2025
“…Dubbed the “gold card,” Trump’s plan to sell green cards is intended to replace the EB-5 investor visa, which the real estate industry has favored as a way to provide funding for major projects, the New York Times reports. Major developments such as Manhattan’s Hudson Yards, the San Francisco Shipyard, and Trump Plaza Residences in Jersey City, N.J., have all received funding from overseas investors via the EB-5 program, which includes U.S. residency, among its perks…”
https://finance.yahoo.com/news/trumps-gold-card-visa-program-030041909.html
What? How? This sounds illegal. To my knowledge the green cards being replaced were supposed to be free. That being the case how is is real estate making money off immigration? No. There’s no way. I don’t know how but there’s some corruption going on here. I can feel it in my bones. How are companies piggybacking a free government program to make money? Does anyone really think our government will do something for free while others are paid? I’m sure the IRS would have a lot to say about that.