Tuesday, June 14, 2011

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  • jamesbond007
    09-09 01:44 PM
    Gapala made some very good analysis in his posts on this thread.

    But......
    Looking at the country's GDP to analyze the price of land in a few cities does not make sense. The growth in land value is not across the length and breadth of the country. It is only limited to the big cities which are experiencing the money rush.
    NRI's from the US are only one piece of the puzzle who are funneling in money to India.
    There are NRIs from other countries.
    Then there are business people making big profits dealing with other countries.
    And local business people who have a lot of black money. All of them together are keeping up the prices.

    There also seems to be a change in the thinking of the Indian middle class. Most of our parents' generations were in the habit of saving up money and making purchases with the saved money.(These were savings in a bank account mind you; not investments that grew at a rate better than the inflation.)
    The current middle class seems to realize that trying to save money in a bank in order to buy something is foolish since the paper money is losing its value over time. So they are either investing; or making purchases with borrowed money as long as they can make the EMI payments. Overall, the current middle class is not backing out of buying what they need for lack of money. (This trend will probably lead India in the same path as the US i.e. huge debt for everyone)

    Regarding the question "why would a farmer sit on land valued at $100K, while only making about $1K by farming that land?" Its only a matter of time before they realize their fool hardiness and then they will sell. Pretty soon when the construction begins in their neighbourhood, and prices of all commodities go up so much that they can't live in their $1K income, then they will be forced to sell. Or they might get the wind of a "someone they know" who sold, and they will follow their example.

    Strictly speaking about Hyderabad, there are a lot of farmers who cashed out their lands in the city outskirts. Smart ones then moved out further away from the city and bought more land there to continue their farming. Others are spending their windfall on jewellery, cars and other bling.

    All that being said, it is still scary to me.
    In my opinion, anyone looking to make a quick buck should not get into it at this time.
    If you want to buy because you want to go back and settle there in a couple of years, then that is different.

    [quote] to add to the conversation on the price -> locals are also experiencing a glut of money due to the economic boom in the last 5 years or so. Small businesses have really taken off in a big way exporting to Europe/ US. Investors in the stock market have also hit the jackpot. And, once you have money, for most Indians the safest option to invest is in property or gold.

    Also better salaries all around fueled by attrition of talent to the IT sector. [quote]

    This may be correct to certain extent but only the elite class and creamy layer of 1.8% of total population. When we look at the bigger picture of the country, I could not connect the dots. GDP is just above $2500 and PPP is about $3300. How in the world will you justify $200,000 to $300,000. Plus the cost of financing the purchase.

    In simple terms, median home price is 100 times the GDP and life expectancy in india is 70 years. average work life span is 40 years. Home Mortgages are 15, 20 or 25 years in India which will cover only 1/4th of the median price of a home based on even anticipated high GDP growth and considering moderate increase in cost of living. Given that the risk of default is huge and banks are running at very high risk. I believe buying a house is a big gamble in India and more to that for Banks, lending is also a big gamble.

    Note that according to banks, investment in apartments capitalize only over 25 years in india. (Rent vs. Own) Is this correct? Average rentals in ONLY Big cities are Rs. 12000 ($275 / month $3300 a year) to 15000 ($340 / month $4000 a year) for the same 1000 sqft 2 bedroom apartments which itself is above the GDP :). What that tells me, even the rentals are also not affordable to majority of the population. Back to captalization part 4000 * 25 = 100,000. which is half of the investment... add the alternate investment value for 25 years, capitalization will be way below 50%.
    That means it will take more than 50 years to capatilize the investment. This is more that Mod average work life span of 40 years. Note that Maintenance and Taxes for 25 years excluded in above calc. Are banks stupid?

    I do not know what to tell ya man! To me its really scary

    A small credit crunch (crisis is not required) might bring the entire economy to floor.

    fine print: (Above analysis applies only for working taxpaying people like us who does not have unaccounted money.)




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  • saiju
    07-21 11:38 PM
    How many of you called senators office.

    What is the reply you got from them?

    Please post the reply here




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  • himu73
    09-09 01:18 PM
    You need to have proper knowledge of the market to invest anywhere. Most of the things you have stated make it clear that you have never been a real estate investor.

    I think you missed a chance by not investing in India through 2001 to 2005.Money has doubled tripled and there are buyers who can afford to buy in Tier 1 cities. Those are not the EMPLOYED people but the SELF-EMPLOYED ones.

    Study the market carefully and make sound decisions whether India or anywhere but dont make comments based on some analysis.

    Also,Investing is an ongoing exercise, whether Real estate,Stocks. you cannot just wake up one day and say I want to invest in Indian real estate. You need to build a portfolio similar to the way you do for Stocks. Start with a some research and a small investment. My suggestion is to join a group of people who are already doing some Real estate investment and go along with them. Just reading someone else's comments and coming to a conclusion is not good. Do more research ,Invest time, Wait for the right opportunity.


    Just my few cents.

    Just additionally, It is not a good idea to invest in a House in India right now just as a pure Investment. You are right on that part.




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  • pappu
    12-11 12:16 AM
    It looks like they have heard from IV members about the spillover rules and their clarification about the QUARTERLY spillover is useful. Also them categorically stating that any spillover visas would be used in strict order of PD is reassuring. Whether they actually practice or not, it is good that they have gone on record as saying that is the way it should be.
    In the past spillover was not applied in the way they are saying and EB2I suffered greatly for it.
    This spillover rules if enforced will accelerate EE2I movement initially and then EB3. I suspect that by this summer EB2I folks from 2007 should be seeing some action.

    I agree. It was interesting to see them use our style of predicting with and without spillover. It seems they have paid attention to the recent report we had published. We should continue to ask questions and provide suggestions to the administration officials.



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  • TO BE OR NO TO BE
    10-18 04:07 PM
    Here are some facts:

    My I-140 was approved in April 2007 and I-485 was filed in August 2007. My H-1B expired on October 14, 2010 and my employer filed (using an attorney) for an extension last month. I have original H-1B filing receipt and copy for I-485 with me. I also had EAD which was scheduled to expire on October 15, 2010 and I filed myself for renewal of EAD and AP.

    I lost my driving license with my wallet yesterday.

    I checked NJ DMV website and in their 6 point ID verification they accept EAD and valid I-94 (which comes with H-1B approval, but I don't have either on me right now). Does anyone know what is the process in NJ. Do they accept filing receipts as valid document?

    Without license I can't drive and go to work.

    Any recent experience? I would really appreciate an answer.

    Thank you




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  • obviously
    09-15 10:55 PM
    I think the at the heart of this kind of reckless, selfish 'crusade' is a problem with poor upbringing. Some kids are brought up to look at the world through myopic self-interests, and are molly coddled by their parents into believing that their narrow views are indeed honorable and respectable.

    The sad reality is that such 'crusades' do nothing more than unite those against the larger cause of brown/black/non-white immigration and divide those that are already in pain.

    No wonder then that history repeats itself ever so often when those from the 'great Eastern lands' can so easily be ruled by those with shorter histories and accomplishments.

    Take a look at illegal immigrants. They break the law. Yet, they are able to unite so effectively to make themselves heard. For a group that has absolutely no locus standi for legal or political relief, they are amazingly effective in shaping the dialog around their interests.

    As a strategy and communications professional (with a strong background in Harvard Law School mediation/negotiation and US public policy) I can vouch for the effectiveness of a united voice that speaks to larger interests oriented towards US economic gains. These kinds of narrow sub-optimal "causes" only make the USCIS and the larger establishment care less about legal employment based immigration.

    Absent in this dialog from this 'erudite PhD' is analyses of root causes of underlying problems. For one, there is the absolutely crystal clear problem with country based quotas for employment based immigration in a country where the primary act, i.e., employment itself cannot be discriminated based on national origin. And so on and so forth.

    Instead of taking cause with such short sighted and self-centered acts, why not apply your collective 'high skills' towards highlighting the POSITIVE CONTRIBUTIONS of legal immigrants and pushing for a better overall process?

    Instead of collecting money to slit the wrists of those around you, why not join hands and petition the lawmakers for better, more transparent processing estimates?

    Instead of trying to make a futile argument that EB1 > EB2 > EB3, why not attempt to have a real public policy dialog that reframes larger interests?

    Further more, dont forget that when the USCIS needs to respond to such frivolous lawsuits, it costs US taxpayer dollars... which further alienates the USCIS and Citizens from the cause of legal immigration.

    No wonder then we find an increase in backlash against non-white immigrants that seek a higher sense of entitlement... seriously... I can bet just as I did with that SunnySurya joker a while ago, put your EB2 petition up online and let us see if there really is no US Citizen available to do the job.

    What makes it fair for a foreigner like you to come to this country and claim that there there is NO ONE to do the job based on which you seek to immigrate?

    If you are really serious about US national interest and the larger question of fairness, it is only fair that you post the EB2 job and we confirm that there is no US person ready and able to take that job. And dont try those advertising tricks, I will hire a lawyer to smoke out your games.

    BTW, I will be looking out for this lawsuit. I will get the details from you directly without you even knowing about it. Heck, I will even contribute to your "cause" so that you give me the details. Then, I will file a separate petition to have your specific EB case investigated for the merits your lawyer posed. Ready for that game?

    Bottomline, I blame poor parenting for creating such characters in society that cause a drain on the moral fabric of humanity.



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  • gccovet
    10-20 12:03 PM
    The thread needs to float on top

    ^^BUMP^^




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  • iambest
    09-11 07:01 PM
    I am in!!



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  • grupak
    08-17 09:52 PM
    What if you spend 3-4 K in the new GC process, and after writing these letters USCIS wakes up and release statistics that they have 2000 EB-3 I pending for 2002/2003 and 1000 for 2004 will you still go ahead ? I guess for us the most important thing is to know how many cases are really pending. As I am not filing a new EB-2 and what if there are 15K cases in 2002/2003 and 50K in 2004, I'll be sitting here all my life looking at Visa bulletins :o


    Getting the information would be of tremendous help. I already have my GC but I will write the letter after the necessary modification to reflect my status.

    Also, I feel we need more participation in the recapture bill.




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  • test101
    07-06 05:17 PM
    From OH mathew

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

    07/06/2007: Revised July 2007 Visa Bulletin

    The State Department has just released new July 2007 Visa Bulletin rather than "Update." It appears that this is intended to make it official July 2007 Visa Bulletin rather than previous release which was "update" in anticipation of the ALF class action lawsuit. One of the claims which have been addressed by various sources, INCLUDING THIS WEBSITE, was whether "update" can be considered a revised Visa Bulletin for the purpose of the regulations of DOS and USCIS. If it is not, the USCIS would have no authority to reject the I-485 applications in July.
    There is still confusion as to which one is considered July Visa Bulletin which is provided in the DOS and USCIS regulations as they have released three versions: (1) Visa Bulletin released in June; (2) Update of July Visa Bulletin; and (3) July Visa Bulletin which has just been released today. This can affect the definition of "class" of the class action and latter two releases can fall under the two different classes. I wonder why the DOS is adding further confusion to the nation which is already in a state of extreme confusion and in despair because of their previous action.

    http://www.immigration-law.com/



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  • rongha_2000
    04-30 03:44 PM
    This was a good one..!! what was the response?

    Nice point - he is asking for suggestions to improve the process (making things quicker) ... any suggestions at all !!!!

    Joke joke... the reply was it will take some time to get back to you on that ... questioner asked - is it going to take as long as it takes to get a visa or faster???




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  • xyzgc
    02-14 01:05 PM
    will you guys stop acting like kids?



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  • twinbrothers
    07-17 11:14 PM
    Hi eagerr2i,

    Just saw the message. Will send you a PM on this. FYI to other members, I know someone has prepared a list of So. Cal members which is very comprehensive. I will try to send a PM to get their details. If you have any other questions, please feel free to send me a PM or an email at twinbrothers@gmail.com





    Dear So Cal members.

    nice to see good activity on the forum. Please hold on from holding any rally until you hear from IV core. We have some good synergy amongst or members in So Cal, lets plan a meeting in the coming weeks and decide on an action plan. I would encourage you to start thinking about ideas/specific actions we can take. I have a few ideas and would share it on our so cal email distribution list. Who can take the initiative to organize this meeting? Twinbrothers? any one else? Pls P.M me.




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  • santa123
    07-11 08:26 AM
    Any movement for any EB is good news for all EB.:D
    If EB2 cases are processed heavily till Oct 08, then the chances are high on significant movement for EB3 in Oct (jus a few months from now). For EB3-ers its time to prepare and hope for the best. Best wishes to all Eb2-ers who are current...



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  • yabadaba
    08-10 01:09 PM
    Diluted drinks wont help you - Have " straight up "...

    Its August 12th today and we are really screwed
    dude its august 10th? wait till 4 pm to start drinking at least :D




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  • ags123
    02-19 10:10 PM
    a) The obvious, in April spill over happens. India Jumped from U to 1dec 03 in April08

    b) in 2008 April India Eb2 tied with China Eb2 as India Eb2 was unavailable in March 2008
    given the regulation of giving spillover by earliest date India Eb2 held China Eb2 at the 1Dec03 date for the month of April 2008

    c) This year has not needed any pd backward movement for India. This is unlike 2008 where it went to Jan02 and Jan00 to U. This means India Quota itself is still being used and yet we are at 15 Feb 04.

    Please let me know if you see any more interesting things in this.

    I Ch
    Oct 2007 1-Apr-04 1-Jan-06
    Nov 2007 1-Apr-04 1-Jan-06
    Dec 2007 1-Jan-02 1-Jan-03
    Jan 2008 1-Jan-00 1-Jan-03
    Feb 2008 U 1-Jan-03
    Mar 2008 U 1-Dec-03
    Apr 2008 1-Dec-03 1-Dec-03
    May 2008 1-Jan-04 1-Jan-04
    Jun 2008 1-Apr-04 1-Apr-04
    Jul 2008 1-Apr-04 1-Apr-04
    Aug 2008 1-Jun-06 1-Jun-06
    Sep 2008 1-Aug-06 1-Aug-06
    Oct 2008 1-Apr-03 1-Apr-04
    Nov 2008 1-Jun-03 1-Jun-04
    Dec 2008 1-Jun-03 1-Jun-04
    Jan 2009 1-Jul-03 8-Jul-04
    Feb 2009 1-Jan-04 1-Jan-05
    Mar 2009 15-Feb-04 15-Feb-05
    Apr 2009
    May 2009
    Jun 2009
    Jul 2009
    Aug 2009
    Sep 2009



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  • NNReddy
    04-11 11:29 PM
    Can someone on EAD start a S-Corp or LLC? IF SO WHICH ONE IS BETTER S-CORP OR LLC? PLEASE ADVISE




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  • manderson
    12-28 06:31 PM
    After some point we need to ask USCIS to update the processing times to reflect this long delay, or take legal action or whatever to expedite this...




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  • desi3933
    07-06 10:50 AM
    ....
    Although 30,000 people are IV members but when you need them except a couple of hundred you don't see anyone.

    How can an organization work which can't even collect 5K a month from its members. We all are willing to spend hundreds ( sometimes thousands ) of dollars on EAD, AP , H1, labor, I-140, I-485, lawyers etc etc and don't even spend 100$ a year (yes not month - a year).
    ......
    .....

    >> Although 30,000 people are IV members
    I beg to differ here. 30k+ plus people have signed up so far, but how many are active now? How many have even logged in IV in last 3 months or even 6 months? I don't see any link to discontinue membership here, so we don't know how many people up signed up and left?

    There is no way to know count of "active members". Many IV members have got GC in last 2 years and they have "quitely" left IV and forgotten the struggle by EB based immigrants. How many members stay at IV after getting GC?

    Many people believe that by getting EAD they are Temp GC holders and motivation for seeking any benefit is gone.

    I am pained to say this, but we are a thankless community.


    .




    Macaca
    01-06 07:38 PM
    how come are you working in a university that's giving admissions to such a bunch of crappy folks...!!?? Given this fact, can we also safely assume that the university you are teaching-in is a Crappy one, which could only attract the bottom pile from your above list of crappy-universities??

    Univs take business decisions. Enrollment generates revenue through tuition. Some states also pay State Schools for each registered credit.

    Univs have to admit whatever is available. Some crappy students (foriegn + American) have to be admitted. Some state schools have very low requirements for in-state students. There is no choice.

    Further, these students have to graduate. Once again, there is no choice.

    For most departments, faculty quality is independent of student quality.




    danu2007
    07-18 09:54 PM
    Joined in the month of July and contributed $100 and will sign up recurring one.



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