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.

Donald Trump said the scheme would encourage wealthy people to come to the US and eventually lead to a decrease in the federal deficit.

The president's recently floated scheme to draw affluent individuals who invest at least $5 million has drawn skepticism from immigration experts and real estate industry representatives.