Welcome to the inaugural episode of the Vashisht Family Office podcast. I'm your host, and today's episode is produced by VK Singh Vashisht, who is also the CIO of the Vashisht Family Office. In this podcast, we will cover various topics, including shifts in urban housing demand and the potential effects on affordable housing. We will also address concerns about investment versus vacancy. Today, we're diving into Trump's proposed "$5 million gold card" program and its potential effects on the housing market. This program would grant wealthy individuals permanent U.S. residency and a path to citizenship, raising questions about its impact on housing practices and real estate investment. In this episode, we will explore: • The potential impacts on luxury real estate, particularly in desirable metropolitan areas like New York and Los Angeles. • How the program could shift investment strategies and potentially affect renters and property buyers. • Concerns about affordable housing, vacancy rates, and the increasing influence of wealthy investors in real estate. • How this program could shift investment strategies, affect renters and property buyers, and potentially exacerbate wealth inequality. • Investment strategy recommendations in light of the program.