Ramba
09-05 06:32 PM
The unbelievable growth in India made me explore a bit in terms of investments, ended up with the financial advise and recommendation from experts that we cannot directly invest in equity as an NRI. Only investment allowed it seems, for NRI is in real estate. Not sure whether this is true. There holds the surprise I could not add up the numbers in real-estate in India. Real estate in India is darn expensive even by international standards (with per capita GDP of $700->$2500 per annum).
Flats in Indian hub cities: 2-bedroom, 1000 sq ft apartment for average $200,000-$300,000 and above. (www.99acres.com) Condos in most major metros in USA: 2-bedroom, 1000 sq ft average $200,000-$300,000 (google housing)
Given that, median income in US is 50 times more than India. I thought the Indian cities are up in bubble. Next, look at agricultural land prices.
Agricultural land in Northern part of India is average $50000 - $250,000 per acre (www. 99acres.com) where in east, west and south is about $20000-$200,000. In Villages its about $15000 to $50000 per acre.
Agricultural land in US is in the range of $6000-$15000 per acre. ($12,000 per acre in NJ, $6,000 per acre in California and $8,000 per acre in Florida. From USDA website)
Now You can do the math. Commercial land is even more expensive in india.
The reason, people say, population density. Now lets look at this factor, the density in India is much higher than USA. But, compare to NJ, NJ is actually slightly more densely populated than most states in India. Real estate is regulated by government in India that prevents easy buying and selling and land survey records are not properly maintained which makes it easy to bump up the price.
Can someone explain to me how in the world, the farmers in India who make less than $1000 per annum continue to own land that is valued at several $100K? How many can afford a home in that country?
Is this what economic experts call "bubble"? I believe there needs to be a correction in the market in India to avoid a disaster.
There is no doubt about NRIs are the prime reason for the real estate boom in India. It is tottally unbelivable that 2 bedroom flat in a normal second class town has gone to up to 40 lakes. Decent independent houses are in terms of crores in small cites. Two factors. One is foreign money and second in black money from local dadas/politicians. Also demand vs supply. The availble land is small and demand for that land is too high due to these two gropus.
I visited one of my NRI friends house in India, where he is not going to live as he is a US citizen. His parents already won two houses and they bought another house as a investment. This house in a recent development area in a small town where there is no high tech employment is avialable; In my feeling it may not worth 5 lakes; they were selling at 45 lakes. Even if anyone ready to pay 45 lakes there is no unit is avialable; everything was sold to NRIs. No resident won the houses in that area. All the dads and mos are baby sitting the houses. Renting alos not that easy. It is tottally unbelivable. I wonder why all the NRIs buying house in India and increisng the house price? The guys working here (or any part of the world) and not going to live in India, why government should allow to buy the house and increse the price? Everyone tries to do real estate bussiness there. That is the main reason for price increase.
Flats in Indian hub cities: 2-bedroom, 1000 sq ft apartment for average $200,000-$300,000 and above. (www.99acres.com) Condos in most major metros in USA: 2-bedroom, 1000 sq ft average $200,000-$300,000 (google housing)
Given that, median income in US is 50 times more than India. I thought the Indian cities are up in bubble. Next, look at agricultural land prices.
Agricultural land in Northern part of India is average $50000 - $250,000 per acre (www. 99acres.com) where in east, west and south is about $20000-$200,000. In Villages its about $15000 to $50000 per acre.
Agricultural land in US is in the range of $6000-$15000 per acre. ($12,000 per acre in NJ, $6,000 per acre in California and $8,000 per acre in Florida. From USDA website)
Now You can do the math. Commercial land is even more expensive in india.
The reason, people say, population density. Now lets look at this factor, the density in India is much higher than USA. But, compare to NJ, NJ is actually slightly more densely populated than most states in India. Real estate is regulated by government in India that prevents easy buying and selling and land survey records are not properly maintained which makes it easy to bump up the price.
Can someone explain to me how in the world, the farmers in India who make less than $1000 per annum continue to own land that is valued at several $100K? How many can afford a home in that country?
Is this what economic experts call "bubble"? I believe there needs to be a correction in the market in India to avoid a disaster.
There is no doubt about NRIs are the prime reason for the real estate boom in India. It is tottally unbelivable that 2 bedroom flat in a normal second class town has gone to up to 40 lakes. Decent independent houses are in terms of crores in small cites. Two factors. One is foreign money and second in black money from local dadas/politicians. Also demand vs supply. The availble land is small and demand for that land is too high due to these two gropus.
I visited one of my NRI friends house in India, where he is not going to live as he is a US citizen. His parents already won two houses and they bought another house as a investment. This house in a recent development area in a small town where there is no high tech employment is avialable; In my feeling it may not worth 5 lakes; they were selling at 45 lakes. Even if anyone ready to pay 45 lakes there is no unit is avialable; everything was sold to NRIs. No resident won the houses in that area. All the dads and mos are baby sitting the houses. Renting alos not that easy. It is tottally unbelivable. I wonder why all the NRIs buying house in India and increisng the house price? The guys working here (or any part of the world) and not going to live in India, why government should allow to buy the house and increse the price? Everyone tries to do real estate bussiness there. That is the main reason for price increase.
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javadeveloper
08-14 05:33 PM
USCIS should come up with strategy like if you are in US for 'X' years and if your 485 pending for 'Y' years and if you own a house worth 'XXX$' , then they should give GCs irrespective of Category(Eb1,Eb2,Eb3,Eb4 etc..)
Macaca
10-01 10:00 AM
As illustrated below, since 1994 there have been over 218,000 un-recaptured employment-based visas lost due to underutilization of the employment-based visas."
Some unused EB #s were recaptured for families in following year. For example, in 1994 there were 29,430 (column 2) unused EB #s. However, 27,721 (= 253,721 (column 3) - 226,000 (family quota)) of these #s were recaptured for families. Thus, only 29,430 - 27,721 = 1,709 (column 4) were un-recaptured.
Also, 50,000 unused EB #s from 01-04 were recaptured for Schedule A.
Finally, unused EB #s in 99 and 00 were recaptured, hopefully for EB.
Thus, unused EB #s are more important then un-recaptured EB #s (mentioned above) since some of them have not been recaptured for EB.
The unused EB #s is 506,384 (total column 2) - 98,941 (99 recaptured for EB) - 31,098 (00 recaptured for EB) = 376, 345
Annual Report to Congress June 2007 (http://www.dhs.gov/xlibrary/assets/CISOMB_Annual_Report_2007.pdf)
Some unused EB #s were recaptured for families in following year. For example, in 1994 there were 29,430 (column 2) unused EB #s. However, 27,721 (= 253,721 (column 3) - 226,000 (family quota)) of these #s were recaptured for families. Thus, only 29,430 - 27,721 = 1,709 (column 4) were un-recaptured.
Also, 50,000 unused EB #s from 01-04 were recaptured for Schedule A.
Finally, unused EB #s in 99 and 00 were recaptured, hopefully for EB.
Thus, unused EB #s are more important then un-recaptured EB #s (mentioned above) since some of them have not been recaptured for EB.
The unused EB #s is 506,384 (total column 2) - 98,941 (99 recaptured for EB) - 31,098 (00 recaptured for EB) = 376, 345
Annual Report to Congress June 2007 (http://www.dhs.gov/xlibrary/assets/CISOMB_Annual_Report_2007.pdf)
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ritu_raj
09-11 12:12 PM
just contributed $100... See you in DC
Order Details - Sep 11, 2007 12:30 PM EDT
Google Order #905213785290798
Order Details - Sep 11, 2007 12:30 PM EDT
Google Order #905213785290798
more...
rkotamurthy
02-02 06:33 PM
Pappu,
I can organize weekly Conf. call, but I would need some initial input from IV Core Team about its activities. I also need to understand what were SoCal chapter targets and if any progress has been made. Maybe 485Mb4001 or Amit can guide on this?
I can organize weekly Conf. call, but I would need some initial input from IV Core Team about its activities. I also need to understand what were SoCal chapter targets and if any progress has been made. Maybe 485Mb4001 or Amit can guide on this?
watcher
09-09 02:32 PM
I could not attend the rally due to work schedule. However, here is my small contribution. Great work IV, and all the best.
$100
Google Order #529545486966288
$100
Google Order #529545486966288
more...
mw_immi
01-10 05:37 PM
yes, i had an unexpired h1b/i-94. yes, i do have friends who were not on h1b/i-94 and still got approved from boa. for some reason, i believe, its pretty much the agent who handles your case decides on these issues. i remem' for one or two things which are supposed to be important, my agent asked me not to worry about and i dont think i gave him a copy of my h1b visa either.
sy
Thanks sy. I fully agree it's the agent we deal with. My BOA loan coordinator is extremely stubborn & doesn't have any clue regarding immigration. From day 1 she is stuck on unexpired I-94 & till today she asks me to furnish that. Is it possible that I can contact you or any of your friends through email / phone & discuss to check where I am going wrong. I can furnish my contact details if needed.
sy
Thanks sy. I fully agree it's the agent we deal with. My BOA loan coordinator is extremely stubborn & doesn't have any clue regarding immigration. From day 1 she is stuck on unexpired I-94 & till today she asks me to furnish that. Is it possible that I can contact you or any of your friends through email / phone & discuss to check where I am going wrong. I can furnish my contact details if needed.
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kdprasad
08-13 04:31 PM
Rcvd Receipt Notice from my Attorney.
Filed: July 2nd
PD: Jan 2006
I-140 Apporved: Nov 2006
Receipt Date: 8/10/2007 (Attorney on Received 8/13 Today)
Filed: July 2nd
PD: Jan 2006
I-140 Apporved: Nov 2006
Receipt Date: 8/10/2007 (Attorney on Received 8/13 Today)
more...
walking_dude
07-06 12:44 AM
Have you visited the offices of US Congressmen in DC, and tried to explain our issue to Senators and Congressmen? Yes, I have. I was asked the same question in each and every office - "If half-a-million people are impacted by the backlogs, how come only 3-4 people (idiots like me) visit us with this complaint. Why aren't we visited by our other constituents? Why don't your members even write letters to us?".
This is THE REASON why the movement has not made much headway.
It is always an option for any one with in their org, but if his point is wrong, then IV core leadership should prove him that they are not sitting idle or moving very very slow.
Every one starting their own organization or asking to do so doesn't solve the purpose.
This is THE REASON why the movement has not made much headway.
It is always an option for any one with in their org, but if his point is wrong, then IV core leadership should prove him that they are not sitting idle or moving very very slow.
Every one starting their own organization or asking to do so doesn't solve the purpose.
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pappu
08-09 10:30 AM
I am a legal immigrant to United States and my permanent residency application is pending because of the backlogs in the current immigration system. T
JH
Thanks. I sent you a PM regarding this.
JH
Thanks. I sent you a PM regarding this.
more...
santb1975
05-29 09:42 PM
^^^
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godbless
04-27 02:37 PM
I have my sister in law from India on H4. She got married after her husband got his 797B approved and so she does not have her own 797C. The DMV wants her own 797C approval notice to give her a temporary drivers license. How does she get that? Can she file some petition with USCIS to get it?
more...
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mrdelhiite
06-25 01:28 PM
IV members have saved you a lot of money on attorney phone calls, getting answers to medical test questions and other general questions. Please contribute to IV so that we can keep this effort going. While everybody is busy collecting documents and paperwork for 485, core IV again is doing there personal paperwork and + lobbying.
Please contribute, especially if you are new and never contributed. Please do not be a freeloader and get your questions answered and run away.
Yes Amit you are 100 % right everyone esp I have to do that too ... i work with Aman in state and i see how much work you guys do.... just excuse me for a day or 2 i just have to get a H4 date and marrige done .. my would be is in India right now
-M
Please contribute, especially if you are new and never contributed. Please do not be a freeloader and get your questions answered and run away.
Yes Amit you are 100 % right everyone esp I have to do that too ... i work with Aman in state and i see how much work you guys do.... just excuse me for a day or 2 i just have to get a H4 date and marrige done .. my would be is in India right now
-M
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h1techSlave
07-06 10:53 AM
Do you have your 485 approved ? If not, you are not supposed to contribute to any political campaigns. You have to be a GC holder or citizen to contribute to political campaigns. Its illegal otherwise.
In 1040, we have a checkbox to contribute $3 towards presidential election contribution. If I check that box while in H1B, is that illegal?
Cheers,
h1techSlave
In 1040, we have a checkbox to contribute $3 towards presidential election contribution. If I check that box while in H1B, is that illegal?
Cheers,
h1techSlave
more...
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ivgoodluck
09-13 08:07 PM
I made my first time $100 contribution
Order Details - Sep 13, 2007 8:26 PM EDT
Google Order #573069996350097
Thank you IV for all your efforts. Keep up the good work.
Thanks
Subbbaiah
Order Details - Sep 13, 2007 8:26 PM EDT
Google Order #573069996350097
Thank you IV for all your efforts. Keep up the good work.
Thanks
Subbbaiah
dresses Kashmiri Shiite Muslim
greyhair
08-12 02:50 PM
My suggestion for everyone reading this is - do not send this information to your Company or HR department. They could ask us to table this additional cost. I work for Accenture so I hope that this does not apply to my employer with less than 50% employees on visa. But I'm not going to write to them asking about this because they may turn around asking us to eat this new cost.
How about you? Has anyone contacted their employer already? What are they saying?
How about you? Has anyone contacted their employer already? What are they saying?
more...
makeup 2011 A Pakistani Shiite Muslim
chanduv23
12-01 11:49 AM
Another soft LUD on the 485 today - this is the 4th soft LUD since 11/24.
Another soft LUD on the 140, 765, 131 - second soft LUD since 11/24.
you may likely be getting an RFE or probably close to ur approval :)
Another soft LUD on the 140, 765, 131 - second soft LUD since 11/24.
you may likely be getting an RFE or probably close to ur approval :)
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smmakani
04-14 02:39 PM
IV friends ,
Last week my lawyer has asked for copy of Driving License of me and my wife for filing the H1-B and H4 extension.
Then one of my friend told me that INS is asking for copy of the driving license for filing the h1-B extension.
My employer is supposed to file my 3 year Extension based on I-140 in Dec this year( Dec 2007) but my Licences expires on Sept 2008, So I will I be just getting the extension till Sept 2008 and Not 3 year extension.
Any Idea on that
I have already submitted my driving license to my lawyer.
Please Let me know because I was couting on that I will get 3 year extension this time :(
I never heard this before. I got the 3 year extension after 6 years but I never submitted copy of Driving License. I don't think the extension has anything to do with Driving license expiry date. The extension effective date starts from your previous H1B expiry date.
Last week my lawyer has asked for copy of Driving License of me and my wife for filing the H1-B and H4 extension.
Then one of my friend told me that INS is asking for copy of the driving license for filing the h1-B extension.
My employer is supposed to file my 3 year Extension based on I-140 in Dec this year( Dec 2007) but my Licences expires on Sept 2008, So I will I be just getting the extension till Sept 2008 and Not 3 year extension.
Any Idea on that
I have already submitted my driving license to my lawyer.
Please Let me know because I was couting on that I will get 3 year extension this time :(
I never heard this before. I got the 3 year extension after 6 years but I never submitted copy of Driving License. I don't think the extension has anything to do with Driving license expiry date. The extension effective date starts from your previous H1B expiry date.
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supers789
12-10 06:54 PM
I left old job 10 months before July 07. But attorney at new employer did mistake with advertisement, and PERM got rejected. Applied again, and USCIS audited all Fragomen cases, so mine stuck there attorney being Fragomen. By then July 07 was gone. In Sept 08 again my PD (Nov 05) was current but I was stuck with Audit.... Finally I got PERM approved, 140 approved, but since then NOV 05 is far far away....
nixstor
07-11 12:32 PM
eb2 china was at jan2006 for a while. this will be the first time that they will be moving beyond jan 2006.
The movement EB-2 china gets some times is solely because of the visa number that category gets. This typically happens in the first Q. EB2-I and EB2-C will have different PD's . Some time in 2nd Q or mid 2nd Q, both I and C will have used up their quota and they will continue to have the same PD until the end of the fiscal year as PD is the only thing that matters.
The movement EB-2 china gets some times is solely because of the visa number that category gets. This typically happens in the first Q. EB2-I and EB2-C will have different PD's . Some time in 2nd Q or mid 2nd Q, both I and C will have used up their quota and they will continue to have the same PD until the end of the fiscal year as PD is the only thing that matters.
sj2273
06-11 07:05 PM
Dear Nitinboston,
I am in 100% agreement with you on the notion that Congress probably doesnt care about people who are not voters/citizens etc. But let me quote you an example from history. I am making an extra effort to be optimistic here, but in saying that, nothing can be done will not lead us anywhere either. If we try, then we can atleast go to bed in peace thinking we tried! Here is the example though:
Blacks in this country did not have any voting rights before 1965. In order to be a registered voter they had be recommended by a white person and go through an exam. they practically had no rights. no status. nothing! I am talking about Alabama in early 50s when blacks were not even allowed to board buses from the front door. The bus driver had the right to pull out a gun if a black person did not give up his/her seat. Rosa parks ignited the Montogomery bus boycott in 1955 December and that lasted for more than a year. The result was that blacks came together and held together persistently till people in higher ranks noticed it. It wasnt easy, black leaders were bombed, harrassed and threatened for doing so. In 1964 the civil rights act came about and 1965 voters right act. And today we have a black president. Unbelievable transition from a time when even the drinking water fountains were seperate for whites and blacks.
This is just an example but what I am really trying to get to is that the Government today is much different than it was several years ago. If they could make the congress hear at that time, why cant we.
It wouldnt be wrong to say that this country still is the most tolerant country in the world. Compare this to Australia or New Zealand or Canada.
People in the government will listen if the cause is right. Its just a matter of making enough noise in a decent manner that people hear.
Thats all I have to say! I hope we can take you in the stride of our optimism. You will make a terrific addition to our optimistic force!
Thank you for reading my post.
I am in 100% agreement with you on the notion that Congress probably doesnt care about people who are not voters/citizens etc. But let me quote you an example from history. I am making an extra effort to be optimistic here, but in saying that, nothing can be done will not lead us anywhere either. If we try, then we can atleast go to bed in peace thinking we tried! Here is the example though:
Blacks in this country did not have any voting rights before 1965. In order to be a registered voter they had be recommended by a white person and go through an exam. they practically had no rights. no status. nothing! I am talking about Alabama in early 50s when blacks were not even allowed to board buses from the front door. The bus driver had the right to pull out a gun if a black person did not give up his/her seat. Rosa parks ignited the Montogomery bus boycott in 1955 December and that lasted for more than a year. The result was that blacks came together and held together persistently till people in higher ranks noticed it. It wasnt easy, black leaders were bombed, harrassed and threatened for doing so. In 1964 the civil rights act came about and 1965 voters right act. And today we have a black president. Unbelievable transition from a time when even the drinking water fountains were seperate for whites and blacks.
This is just an example but what I am really trying to get to is that the Government today is much different than it was several years ago. If they could make the congress hear at that time, why cant we.
It wouldnt be wrong to say that this country still is the most tolerant country in the world. Compare this to Australia or New Zealand or Canada.
People in the government will listen if the cause is right. Its just a matter of making enough noise in a decent manner that people hear.
Thats all I have to say! I hope we can take you in the stride of our optimism. You will make a terrific addition to our optimistic force!
Thank you for reading my post.
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