jasmin45
09-08 02:17 PM
Based on my research on net and discussion with economic savy friends and my own limited knowledge in economics, by any calculation, real-estate in India is going to be in deep trouble. It will be a uncalculated gamble to invest in realty at current prices in India just because the commitment is large and long term with 0 visibility
Even in NRI perspective, set aside the low GDP of india and assume that it will grow beyond wildest dreams in next 20 years (atleast I hope they will control the inflation), the prices are still beyond the Purchasing Power Parity between nations for example US and India. US PPP is around $41500 and stand at 8th position among world countries. Now all 7 countries above US are so called non attractive for NRI's. Where does india stand? 140th position with a Purchasing Power Parity of $3300. Only poor south african, south asian countries are below India in the list.
http://www.nationmaster.com/graph/eco_gdp_pur_pow_par_percap-purchasing-power-parity-per-capita
Assume that at some point in future you will need to realize the investment say 5 years from now or even 10 years. Who will buy it from you? only 2% of indian families potentially can earn $200,000 in life time. Given this, I think you can only hope that another NRI would earn and save enough at that time to buy from you paying more that what you have invested + (alternate investment value).
There are estimated 182000 including the ones waiting for approvals real estate flats and complexes are being built all across india's major cities expanding into suburbs. As someone said, NRI's invest in majority of the projects even before 10% of development is completed. These projects will be completed in next 5 to 7 years. Beyond that new projects that may come up in future which will potentially increase the supply combined with poor purchasing power of local folks and corruption is a real recipe for disaster.
I am sure majority of NRI's did not tak a deep look at economic and political scenarios before making decision on buying realty in India. I was shocked to hear one builder with such convincing tone, saying buy it now or you will loose the chance. After a week, he increased the price by 2% and told us that there is a huge demand and he already sold 20 units in 5 days since we talked to him. Hard to believe. I later heard that he is still selling units to NRI's :) and tells them same story.
That triggered me to do some research and study the situation in that country and when I try to connect the dots.. jeez its scary. It seems they do not consider capacity of drainage, sewer and waste disposal in the area to support increased usage in their project building these flats which will house 100's of new families. Public water supply pipes are also not expanded around the development area to cater increased demand and consumption. Builders just connect water pipes to the nearest public water supply point. God knows when, that public water supply pipes were layed and to support how much consumption? Water preasure in these buildings are 0 and you just see drops :) Solution to this, Builder says its a common norm that all occupants will buy the water and share the cost.
I am not throwing the my small savings to gamble in India. If you get a good deal, go for it or just wait for a correction. Now the question is what is a good deal in given circumstances? If the rotation slow down, investment locks up, poor local PPP with make credit expensive and preasure will build on borrowers to liquidate property which will lead to fall in prices. We can even expect a credit crisis in India in next couple of years.
Do not even compare effect of credit crisis in US to if at all it is going to happen in India. US is still the strongest economy and India is not. (I am not talking about growth rate here but the depth)
I agree! I would't invest in India either. I believe awareness about these facts will save atleast few folks from being duped of hard earned money.
Even in NRI perspective, set aside the low GDP of india and assume that it will grow beyond wildest dreams in next 20 years (atleast I hope they will control the inflation), the prices are still beyond the Purchasing Power Parity between nations for example US and India. US PPP is around $41500 and stand at 8th position among world countries. Now all 7 countries above US are so called non attractive for NRI's. Where does india stand? 140th position with a Purchasing Power Parity of $3300. Only poor south african, south asian countries are below India in the list.
http://www.nationmaster.com/graph/eco_gdp_pur_pow_par_percap-purchasing-power-parity-per-capita
Assume that at some point in future you will need to realize the investment say 5 years from now or even 10 years. Who will buy it from you? only 2% of indian families potentially can earn $200,000 in life time. Given this, I think you can only hope that another NRI would earn and save enough at that time to buy from you paying more that what you have invested + (alternate investment value).
There are estimated 182000 including the ones waiting for approvals real estate flats and complexes are being built all across india's major cities expanding into suburbs. As someone said, NRI's invest in majority of the projects even before 10% of development is completed. These projects will be completed in next 5 to 7 years. Beyond that new projects that may come up in future which will potentially increase the supply combined with poor purchasing power of local folks and corruption is a real recipe for disaster.
I am sure majority of NRI's did not tak a deep look at economic and political scenarios before making decision on buying realty in India. I was shocked to hear one builder with such convincing tone, saying buy it now or you will loose the chance. After a week, he increased the price by 2% and told us that there is a huge demand and he already sold 20 units in 5 days since we talked to him. Hard to believe. I later heard that he is still selling units to NRI's :) and tells them same story.
That triggered me to do some research and study the situation in that country and when I try to connect the dots.. jeez its scary. It seems they do not consider capacity of drainage, sewer and waste disposal in the area to support increased usage in their project building these flats which will house 100's of new families. Public water supply pipes are also not expanded around the development area to cater increased demand and consumption. Builders just connect water pipes to the nearest public water supply point. God knows when, that public water supply pipes were layed and to support how much consumption? Water preasure in these buildings are 0 and you just see drops :) Solution to this, Builder says its a common norm that all occupants will buy the water and share the cost.
I am not throwing the my small savings to gamble in India. If you get a good deal, go for it or just wait for a correction. Now the question is what is a good deal in given circumstances? If the rotation slow down, investment locks up, poor local PPP with make credit expensive and preasure will build on borrowers to liquidate property which will lead to fall in prices. We can even expect a credit crisis in India in next couple of years.
Do not even compare effect of credit crisis in US to if at all it is going to happen in India. US is still the strongest economy and India is not. (I am not talking about growth rate here but the depth)
I agree! I would't invest in India either. I believe awareness about these facts will save atleast few folks from being duped of hard earned money.
wallpaper Standard Stratocaster Brown
dvb123
09-15 07:54 AM
GCTEST check your private messages. The link is located on the top right hand corner.
ramus
09-09 11:50 AM
Thanks a lot.. Wish you could come to rally but understand your prior commitement...
Thank you..
Paypal contribution of $300. I cannot make it to the rally because of prior commitments. Thanks to all who are going to be at the rally in person.
I feel good after making the contribution. Hopefully, several others will join this contribution drive and experience this good feeling first hand.
Good luck to all.
Thank you..
Paypal contribution of $300. I cannot make it to the rally because of prior commitments. Thanks to all who are going to be at the rally in person.
I feel good after making the contribution. Hopefully, several others will join this contribution drive and experience this good feeling first hand.
Good luck to all.
2011 Fender Standard HSS
Milind123
09-17 02:18 PM
I will be leaving for DC in a couple of hours. Need to pack, get gas tank full, and decide what clothes to iron and ton of other mundane things. Thanks a lot to all those people who participated in this 401K round. If you found these shots, guns and jokes etc. amusing, thank you for your support. If you think it was silly, I appreciate you, for keeping those thoughts private.
So here is my final shot for all the people who contributed for the first time, those who contributed again, to all those who were motivated, to all those who were amused and most of all to the people who are going to DC.
$100 Order Details - Sep 17, 2007 2:20 PM EDT Google Order #348908840140049
I usually don�t share my private life. But just to let you know, I postponed my foot surgery on Friday so I can attend this rally. (First and last time on this thread to send some people on a teeny-weeny guilt trip). People under going heart surgery and people who tend to look at the roof (Ref. My previous post) are excused from this guilt trip.
Still a few shots left to be fired to finish this final round. You all know the reasons for taking those shots.
Adios. See you in DC.
P.S I will remove my signature after all the shots are fired.
So here is my final shot for all the people who contributed for the first time, those who contributed again, to all those who were motivated, to all those who were amused and most of all to the people who are going to DC.
$100 Order Details - Sep 17, 2007 2:20 PM EDT Google Order #348908840140049
I usually don�t share my private life. But just to let you know, I postponed my foot surgery on Friday so I can attend this rally. (First and last time on this thread to send some people on a teeny-weeny guilt trip). People under going heart surgery and people who tend to look at the roof (Ref. My previous post) are excused from this guilt trip.
Still a few shots left to be fired to finish this final round. You all know the reasons for taking those shots.
Adios. See you in DC.
P.S I will remove my signature after all the shots are fired.
more...
pointlesswait
03-18 01:35 PM
what about: married filing separately..since both me and my wife are on H1.. we filed separetly last year for some vague reasons!
villamonte6100
04-01 10:22 AM
If you need solutions to your problems, you need to act as professionally as possible. Please stop throwing tantrums and also mind your P's and Q's when you utter expletives against the USCIS. Would you be brave enough, if not foolhardy enough, to reproduce whatever you've said in your threads here in a separate letter and send it out to the USCIS? Trust me, you'll not, since you'll act politely and courteously to make out your case. Decorous behaviour is called for when dealing with pertinent issues in the IV forum.
Cheers Mate!
Cheers Mate!
more...
ragz4u
03-08 09:57 AM
I'm listening now and discussion is interesting
Is it the one mentioned on the first post?
Also, could you please update this thread as and when you hear something interesting?
Thanks
Is it the one mentioned on the first post?
Also, could you please update this thread as and when you hear something interesting?
Thanks
2010 Fender American Standard
newuser
09-12 10:07 AM
I doubt how effective a letter campaign would be.
We did letter campaign's couple of times and it didn't bring any coverage or change.
I still believe a clock (backward or distorted) is a good idea.
I agree that calculator /flower campaign can fail. But poster (actually pamphlet) and letter campaign will cost only 41 cents stamp from us.
We did letter campaign's couple of times and it didn't bring any coverage or change.
I still believe a clock (backward or distorted) is a good idea.
I agree that calculator /flower campaign can fail. But poster (actually pamphlet) and letter campaign will cost only 41 cents stamp from us.
more...
indianindian2006
06-10 11:23 AM
snhn
what is a DWI?thanks.
Driving While Intoxicated
what is a DWI?thanks.
Driving While Intoxicated
hair The Standard Stratocaster HSS
arkrish68
09-27 12:45 PM
Arrived in early 2001
started processing GC in 2003
filed 1st application in 2003 - application went to backlog elimination center
left the company, filed second application in March 2006 - EB2
got I 140 approval in 2006
applied for I485 in June 2007
Waiting till today for the I485 approval
started processing GC in 2003
filed 1st application in 2003 - application went to backlog elimination center
left the company, filed second application in March 2006 - EB2
got I 140 approval in 2006
applied for I485 in June 2007
Waiting till today for the I485 approval
more...
abhidos37
08-21 02:48 PM
Last week I went to Trenton with H1 extension receipt (original), letter from employer, but in vain. They need approved docs. Luckily this week I got the H1 extended and today I carried the original approved H1 I-797A and got the DL extended. I got only 2 years H1/DL extension after 6 year completion with I-140 approved and 485 in progress. Fyi
hot American Standard Stratocaster
hariswaminathan
03-05 03:08 AM
I hate to be the one to throw cold water on this - i dont believe its anything worth writing home about - I dont believe its really "pre-adjudication" for something exciting looming but IOs finally reaching the backlog of cases which they are supposed to as normal course of action to varify all the information pertaining to each case is correct and issue RFEs for missing bits. Dont forget last year they were all diverted to GC2Citizen cases because of voting bank pressure and coupled with July 2007 filers there was a huge backlog of cases just left pending.
Generally Numbers dont lie (except Satyam) and I havent heard anything in Congress that may be remotely close to passing that may change the landscape for EB folks and therefore am guessing that they have not really been intimated on any urgent action to be done within next few months for something looming.
Generally Numbers dont lie (except Satyam) and I havent heard anything in Congress that may be remotely close to passing that may change the landscape for EB folks and therefore am guessing that they have not really been intimated on any urgent action to be done within next few months for something looming.
more...
house American Standard Stratocaster
dpp
07-20 01:17 PM
H1Bs taken care by California and Vermont centers. 485, 131 and 765 are handled by Nebraska and Texas centers.
Also, Nebraska is big and main center. They know how to handle load.
Here are the EAD statistics (real numbers):
Year Total received Approved
2000 1,451,527 1,325,840
2001 1,813,479 1,698,448
2002 1,745,976 1,573,842
2003 2,156,095 1,977,344
2004 1,640,703 1,694,623
2005 1,744,961 1,541,531
2006 1,462,583 1,188,770
By seeing above numbers, you can see how USCIS handles load of millions of EAD applications every year. so, 600K is not a surprise for them. In 2003, they got more 2 million applications, but they handled well. But it may be take one or two months extra, i.e. 3+2 = 5 months maximum to get your EAD. Thats for sure. They will be prepared for that when you they allow us to file.
If you already applied for EAD now, then you will for sure have a EAD by December.
Not trying to be pessimitic her but any new hires will need to be trained, and infrastructure need to be set up. All these things do not happen overnight.
There are dependancies. I-485 information needs to be entered in the system and A # on I-140 need to be crosschecked. If one is not available already then it needs to be generated. In any case, 5 minutes per EAD is still a conservative figure.
All these add to the time.
Also, due to H-1B pile (65 K +20 K+15K= 100K cases pending), this may not take priorty and resources may be diverted.
Also, Nebraska is big and main center. They know how to handle load.
Here are the EAD statistics (real numbers):
Year Total received Approved
2000 1,451,527 1,325,840
2001 1,813,479 1,698,448
2002 1,745,976 1,573,842
2003 2,156,095 1,977,344
2004 1,640,703 1,694,623
2005 1,744,961 1,541,531
2006 1,462,583 1,188,770
By seeing above numbers, you can see how USCIS handles load of millions of EAD applications every year. so, 600K is not a surprise for them. In 2003, they got more 2 million applications, but they handled well. But it may be take one or two months extra, i.e. 3+2 = 5 months maximum to get your EAD. Thats for sure. They will be prepared for that when you they allow us to file.
If you already applied for EAD now, then you will for sure have a EAD by December.
Not trying to be pessimitic her but any new hires will need to be trained, and infrastructure need to be set up. All these things do not happen overnight.
There are dependancies. I-485 information needs to be entered in the system and A # on I-140 need to be crosschecked. If one is not available already then it needs to be generated. In any case, 5 minutes per EAD is still a conservative figure.
All these add to the time.
Also, due to H-1B pile (65 K +20 K+15K= 100K cases pending), this may not take priorty and resources may be diverted.
tattoo Stratocaster Sunburst
gsc999
07-21 03:39 PM
Look at this post. The thoughts are compelling. Is this something that we should get some clarifications on?
http://immigrationvoice.org/forum/showthread.php?t=10859
--
This is what trolls have done in the past. When ever we have had a successful event. Trolls from anti-immigration groups, demand disclosure of financial statements and raise doubts on IV leadership. Don't get drawn into this. Lets keep doing what we are.
http://immigrationvoice.org/forum/showthread.php?t=10859
--
This is what trolls have done in the past. When ever we have had a successful event. Trolls from anti-immigration groups, demand disclosure of financial statements and raise doubts on IV leadership. Don't get drawn into this. Lets keep doing what we are.
more...
pictures American Standard Stratocaster
sam2006
07-14 08:19 PM
Boa --7ybxh-zdd1f
30$ --
30$ --
dresses Fender American Standard HSS
eb3_nepa
07-14 05:42 PM
Go to TOP
Hey kevin can you please update your signature to reflect that you contributed towards this campaign and add the link to this thread to your signature.
Hey kevin can you please update your signature to reflect that you contributed towards this campaign and add the link to this thread to your signature.
more...
makeup 2006 Fender Standard HSS
mirage
08-04 11:59 AM
I'm telling them my condition, and I know there are lot of people in the same boat. Again you need to talk to the lawyer about GC cost. Emplyee can bear all the GC related cost.
EAD/AP 360*2 + 305*3(Spouse + son) is almost 2K.
If your facts are different put that in writing and send it to them. Please stop telling me my facts. Also I have no idea why you are on this thread, please ignore this thread if it doesn't apply to you...
I suggest you talk to your lawyer first. The cost of Labor and I-140 should be borne by the employer as they are employer's petitions.
2K for EAD and AP this year alone! Let us see how many people on this forum has spend that much on EAD and AP. Paying high legal fees is NOT a basis to seek remedy.
That was your choice.
H1/H4 and Green Card processing are not related to each other. H1 is for current job and GC is for the future job.
One hand, you are saying guessing and still insist that it is based on facts.
EAD/AP 360*2 + 305*3(Spouse + son) is almost 2K.
If your facts are different put that in writing and send it to them. Please stop telling me my facts. Also I have no idea why you are on this thread, please ignore this thread if it doesn't apply to you...
I suggest you talk to your lawyer first. The cost of Labor and I-140 should be borne by the employer as they are employer's petitions.
2K for EAD and AP this year alone! Let us see how many people on this forum has spend that much on EAD and AP. Paying high legal fees is NOT a basis to seek remedy.
That was your choice.
H1/H4 and Green Card processing are not related to each other. H1 is for current job and GC is for the future job.
One hand, you are saying guessing and still insist that it is based on facts.
girlfriend Click to enlarge
bluekayal
08-23 08:27 AM
This is only for EB 2 aliens of exceptional ability. As far as I know this does not need perm. I got an EB2 alien of exceptional ability when my last employer filed through Schedule A. So don't sweat this does not apply to the usual EB-2 route...as far as I can tell...
hairstyles FENDER AMERICAN STANDARD
nomorelogins
10-01 11:55 AM
Is there any reason why they find it difficult to process the available visa# for EB categories, but are able to process much more and then some for FB?
Is it because EB processing is more difficult?
Atleast they would not be able to use the "not enough funds" trump card for the next few years, with all the jul/aug filing.
Is it because EB processing is more difficult?
Atleast they would not be able to use the "not enough funds" trump card for the next few years, with all the jul/aug filing.
shukla77
01-05 11:15 PM
. I just didnt say IIT but also REC's. REC stands for Regional Engineering Colleges (there are plenty in India) and that is not a payment seat. Education level is well maintained and by entrance examination standard, its far above GRE level. I think your generalization does not make any sense.Yes there are some decent RECs but there are also some very crapy ones.
msp1976
12-18 02:50 PM
We all are in this country by our free will..One has the option of walking away any time one wants. Civil disobidience is a tool of the citizens..In my opinions we would get more negative publicity if we go around picketing..First of all all of us are above the average income of a standard working class American family. The majority of the american people are just going to laugh at this. The rest would be hostile. The illegals marched in the streets and that just increased the resolve of the anti-immigrants. They achieved nothing...
No comments:
Post a Comment