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  • gapala
    09-05 03:43 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.




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  • hiralal
    05-29 12:05 AM
    if your loan is denied while on EAD ..count yourself as lucky !!!
    my advice ..be careful before you take a plunge when on EAD or on temporary visa (H1).
    -----------------
    MONDAY, MAY 25, 2009
    OTHER VOICES
    The Housing Hurricane Will Howl Again
    By MIKE MORGAN | MORE ARTICLES BY AUTHOR
    This is only a lull in the housing hurricane.

    WE'RE OUT OF THE EYE OF THE HURRICANE, but here comes the back half of the storm. A lot of people think that we've seen the worst of the housing crisis. They're talking about green shoots and glimmers of hope, when they should be back in the storm shelter, preparing for a flood of inventory that will overwhelm the markets and produce another round of falling prices

    For the past few months there has been a semi-moratorium on foreclosures. Most institutions with delinquent mortgages didn't foreclose. The signs that blanket many neighborhoods have been posted by a fraction of the lenders. Now the rest of the banks are rushing to get their properties on the market.
    [ov]
    Christoph Hitz for Barron's
    We're still supporting misguided programs that only add to inventory woes. They encourage builders to put up more homes and penalize anyone else trying to sell a home.

    As a Florida real-estate broker who works with bank asset managers to dispose of foreclosed properties, I get a good view of this market. From December 2008 through mid-March 2009, the number of asset managers calling to discuss REO (real estate owned) properties on their client banks' books dropped by more than 80% from the level at which it previously had been running. In the past two months, however, asset managers have been busy, with most interested in how many properties we could handle at once.

    Law firms for banks are once again lining up to file foreclosures and to process evictions. The asset managers we work with have warned us to expect a flood of properties, beginning in early June. This will hit as the number of potential buyers continues to dwindle. Builders, traditional sellers and investors who entered too early are already loaded with REO properties.

    ALL OF THE OBAMA administration's attempts to revive, resuscitate and shock the housing markets into recovery have failed. Potential buyers can't purchase homes when they are losing their jobs, regardless of how attractive the credits and mortgages are. The price of homes will continue to fall until the properties are affordable for potential buyers.

    If an investor could purchase a home and rent it out for close to breakeven, we might be getting close to a bottom. But we are nowhere close to that level in most critical markets. Until it is approached, prices will continue to fall. In fact, the negative cash flow now evident, along with the flood of properties coming into the inventory pool, warn of lower prices.

    There's no light at the end of the tunnel yet. We're still supporting builders through misguided programs that are only adding to the inventory woes. California decided to offer a $10,000 credit to buyers of new homes, on top of the $8,000 federal credit. But California made the $10,000 available only for new homes purchased directly from builders. That shows the power of the builders' lobby, but it only adds to California's housing-industry problem. It encourages builders to construct dwellings we don't need, and it penalizes anyone else trying to sell a home.

    Housing inventory soon will flood a market in which more than 500,000 homes are being built each year, even though the annual sales pace for new homes is closer to 300,000. We must also deal with a system clogged with impossible short sales, a surge of second and vacation homes being dumped, and third-wave flippers realizing that they entered the market too soon.

    FOR THE BANKS, the back half of the hurricane will destroy balance sheets, unless the Obama administration comes up with another plan to mythically mark these assets on the books. Or we might see some chimerical plan to write down mortgage payments, or move toxic mortgages into a dark pool, or create some new illusion that glosses over the problem.

    Our experience with banks' selling REOs is they realize about 50%-75% of what they initially think they will get. Moreover, their expenses to bring these properties to market and manage them are growing. Court systems bogged down with foreclosures are raising fees so that they can hire additional staff. More and more homeowners being evicted are stripping homes to the bone, removing appliances, fixtures, carpet, cabinets, air handlers, motorized garage-door openers and anything else that they can carry off or sell.

    Unemployment presents a two-pronged problem. If homeowners lose their jobs, they have difficulty meeting mortgage payments. And a high jobless rate forces more people to put their homes on the market.

    During the housing bubble, many second homes were purchased with the mythical equity from primary residences. These second homes are coming onto the market at an alarming rate, as many middle- and upper-class sellers need to raise cash. In some very exclusive private communities in Florida, where home prices are in the seven figures, more than 50% of the homes are on the market. (For more on the vacation-home market, see Cover Story.)

    Unfortunately, there are no signs of recovery, despite the hype and the twisting of numbers in many media reports. The end of the unofficial moratorium on foreclosures, combined with rising unemployment, signals that the back half of this housing hurricane is only just beginning.




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  • h1techSlave
    09-01 12:59 PM
    I came in July 1998.




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  • asanghi
    09-10 12:51 PM
    I can not go to DC due to an important issue. I am however a monthly contributer. I already contributed $100 to sponsor someone flying from North California. Here is another $100 contribution that I made through paypal just now.

    Paypal confirmation no: 5RB35180W0586983K



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  • mbawa2574
    07-06 01:33 AM
    IV will become ready for elections when we have real candidates with real faces. I request all real candidates to publish their photos and accomplishments, their ideas for the organization; so that we can choose the best person for the job.

    Any volunteers? Why don't I see a single volunteer! Seriously, can we have an election without candidates?!

    Pictures and videos will come out if we as an organization are ready/serious to hold elections. Otherwise this is not going anywhere. Everytime someone questions the stratergy and leadership, blaming back members for inaction is the standard excuse. Let's stop whining and do something. We are being funded and we have a great member base. Leadership and stratergy is the only deficiency.




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  • IV2007
    04-02 11:20 AM
    Guys,

    I read through all of your posts.

    One question I am not clear is:
    I am on H1-B. I don't intend to change my status.

    I start my LLC & work part time in the LLC on EAD. Is this possible ?

    I am not sure if H1 gets invalidated by doing this. If so, the only alternative I found is hire others to do it or open a partnership LLC.

    Am I correct ?



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  • srinivas_o
    07-14 04:23 PM
    Paid $25 through BOA Bill Pay. Confirmation number is 7YBDK-56XWW.




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  • gcformeornot
    05-31 12:41 PM
    ^^^^^^^^^^^^^



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  • amitjoey
    03-12 11:53 AM
    I have been on a monthly contributions program that contributes every month to IV since JAN 2007. If this effort requires the money now, is there a way I can divert the monthly to this effort for the next 3 months. Or should I cancel my monthly contribution and just donate a lump sum for this effort?




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  • newbee7
    07-05 11:16 PM
    "not entirely completed" = INCOMPLETE

    They clearly broke the law...this is the first time we see the officials at ucsics confirming this and the weekend work. Perhaps, they figured out they need to admit it before they are forced to do so.



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  • Suva
    04-10 03:01 PM
    Hi pappu, I am contributing $5/month from 2007. This is $60 for every year. Am I eligible for donar forum? I am sending the checks from 2007 till now by bill pay from my bank.




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  • vaishnavilakshmi
    08-02 05:02 PM
    I have talked to a representative and he very patiently explained me about the mess.
    He clearly and very clearly told me that they have a deadline to send all receipts for June end and July 2nd filers by friday (tomorrow) or worst case monday.

    He mentioned that they are working hard to meet this deadline.
    Hope this clears the anxiety.

    This is true for NSC only.

    Hey vow!,

    Thanq so much for the good news!U filled us with lots of hope!

    Cheers,
    vaishu



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  • ramus
    09-09 10:14 AM
    GCOP
    Junior Member Join Date: Nov 2006
    Posts: 1


    $100 Contribution

    --------------------------------------------------------------------------------

    I just made $100 contribution for Rally on Sept.18
    Google Order# 664888870694671

    PD:Oct.03, EB-3
    I 140 Approved
    I-485 filed on July 25,07




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  • tinamatthew
    07-22 10:09 AM
    Hi Scedule A!

    I am RN from Moldova, waiting for DS230 approval since October 2006.
    Are there anyone in the same situation?
    It seems to me that no one care about nurses on this forum. So I decided to highlight the problem briefly.

    Why should nurses have their personal immigration schedule and different faster line?

    1 - The shortage of nurses is more severe then ever in the US history. The fact is confirmed by DOS, The American Hospital Asociation, and the Coalition to Improve Healthcare Staffing.
    2 - Existing mechanisms are not able to improve the situation, Vice versa, the situation is going to be vorce in the near future.
    3 - Healthcare is one of the most relevant aspects of national economy, because it affects all other spheres of the economy.
    4 - The preimmigration qualifining process for nurses is long, expensive, and complicated. Aproximately 2 - 3 years (CP or CES, NCLEX-RN, IELTS, or TOEFL+TSE) long, and $5000 - $7000 cost. If we add these 2-3 years to the period of immigration we will have outstanding 5 - 9 years of waiting! And we should bare in mind that this is the only way for nurses.
    5 - From the last 50000 visas for Schedule A only 17000 were used by nurses and PT, other were used by their spouses and children. So the actual number of nurses intered the US is realy small.

    The situation is critical!
    As far as I see the problem, the only choice for us is allocation of visa numbers(recaptured or new) directly for schedule A. All other options are not good enought either for nurses or for the US Healthcare, because now we are in EB3 and have to compete with other professionals in the respective category. So we have to wait for 4 -5 years to get our CG. And practicaly, as I mentioned above, the GC is the only option for nurses, because emploiers do not want to sponsor us for a non immigrant visas.

    Actually nurses have the H1c visa, but there are only 500 a year and only 14 hospitals in the whole country can apply for these visas. These visas last 3 years and after that the nurse has to leave the country. Not that employers don't want to apply for visas, it is just that many nursing positions DO NOT qualify for H1B! So the only viable option for nurses is the GC!

    Cornin recent ammendment was too good to became true! It was awful to read that it was defeated...

    Nurses, where are you?!
    Please, reply and share your opinions.

    Good points chisinau

    Actually nurses have the H1c visa, but there are only 500 a year and only 14 hospitals in the whole country can apply for these visas. These visas last 3 years and after that the nurse has to leave the country. Not that employers don't want to apply for visas, it is just that many nursing positions DO NOT qualify for H1B! So the only viable option is the GC

    Will the July visa bulletin help you in anyway?



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  • kvrr
    05-30 06:52 PM
    I reside in Minnesota. My H1 expired in Dec 2006. Applied for 3 year H1 extension in Oct 2006 based on approved I-140. H1 extension approved on Feb 5, 2007. I received H4 extensions for my family. My H1 extension was lost in the mail. Contacted USCIS on phone a minimum 100 times and local senator's office. Local senator's office called the DMV and requested they extend my license temporarily for 3 months. Meanwhile I filed I-824 for duplicate copy and my lawyer filed I-907 for premium processing. Both were rejected. Last night I searched through google and sent mail to 4-5 mail addresses at CSC. Also called CSC for the last 2-3 days. Today I got a mail "Duplicate notice sent." I do not know whether it is a duplicate approved notice or instructions on how to reapply. Life is hell if document is lost in mail.




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  • eb3_nepa
    07-15 12:00 AM
    ABout $700 or so in the day. Not a bad start.

    We need to keep the pressure and the momentum going guys. Keep the high fives coming :)



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  • texanmom
    09-12 01:35 PM
    Macaca-

    If only wait times were as little as 2 yrs and 7 yrs...I might not even be fighting!!!

    "Currently it takes 7+ years (after 2+ years on student visa) to become a resident."
    This is not true in most cases. The F1 might be for 2 yrs minimum + 1 year EAD + at least 2 yrs on H1B before the GC process starts. Then its 7+ years...
    So overall, we are talking 10+ years to get permanant residency in a majority of cases.

    "Skilled immigrants have waited patiently for 2+ years"
    Are we just talking about 2 yrs to see if there is going to be some reform?

    If you don't want to get into the trouble of debating how many years, just say that it is unreasonable....




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  • JazzByTheBay
    09-12 12:04 AM
    This is great... thanks! :)

    Dear XXXX,

    The issue of comprehensive immigration reform has received widespread coverage in the media over the last few months.
    The issue of legal immigration, though a part of the CIR was less controversial and therefore sadly received less coverage.
    Legal employment based immigration represents just 14% of all legal immigration and comprises mostly of high demand skills such as scientists, doctors, engineers, and other such occupations which in addition to filling an unmet need, creates further employment opportunities in the US economy. These are also the occupations that represent the most vital human capital of the 21st century for US economic competitiveness. Many of these people are US educated atleast in part and are currently gainfully employed and contributing to this vibrant economy.
    Unfortunately the current immigration policy is doing a great injustice to this group of individuals who have quietly and patiently been waiting their turn. Many have waited 5-10 yrs and are still awaiting their green cards. The current backlogs are ominous.
    Many have organized into a grassroots organization called Immigration Voice and are planning a pro legal employment based immigration rally in Washington DC on Sep't 18th. We would appreciate coverage of this first of a kind event which puts the spotlight on a just cause which for far too long has gone ignored by our lawmakers.




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  • pdakwala
    03-08 01:29 PM
    It keeps saying that the page cannot be displayed. Requesting for some expert's tips.




    swamy
    03-13 11:36 AM
    i've been contributing for abt a year now so shldn't i be a senior donor?jk - im guessing its bcos of email-id confusion that im a mere sr member -when we started the michigan forum our leader suggested i get an yahoo id for the groups & then he himself subscribed with a gmail making me look stupid - anyway...not in michigan anymore so its ok




    prince_waiting
    07-05 10:45 AM
    My area senator is Mr. Sessions :eek:. What do you guys think, should I email him or not? I am sure that I am not going to get a courteous reply or as a fact of matter a reply at all.



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