A $5M ticket to U.S. citizenship will lure the same kind of shady individuals who pounced on the chance for EU citizenship.

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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.

Former President Donald Trump unveiled a plan to sell a “gold card” visa for $5 million, granting green card privileges without requiring job creation. While similar to the EB-5 program, which requires investment-linked job creation, the new visa would function purely as a pay-to-play system.

In two weeks, President Trump plans to start selling an American citizenship “gold card” for “about $5 million.” A magician never shares his secrets, but this offers a chance to peel back the curtain on a classic trick where any outcome is a win — in this case, on his signature issue of immigration.

President Donald Trump says he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.

President Trump said the cards would have “a higher level of sophistication” than green cards and cost applicants about $5 million.

President Donald Trump created a stir last week when he announced a new plan to combat the national debt: Selling aspiring Americans a pathway to citizenship for $5 million.