waitnwatch
09-05 08:06 PM
I remember that in the early nineties it was next to impossible to get a home loan in India. I think the only company which gave out home loans was HDFC and the interest rate was a whopping 16%. Property prices at that time conformed to what people could actually afford as the house had to be either paid in full or you had to take out a loan from your provident fund.
Fast forward to 2000 and beyond. After the Indian rupee became fully convertible and the banking regulations were relaxed every bank or finance company started to make loans. The upshot of that is that everyone could buy a house and car through taking out loans. This of course created this huge demand for new housing from the middle class which translated into a steep increase in land and property prices.
This may not exactly be a total bubble as loans are there to stay. What is happening though is that home construction is going on at a rapid pace and at some point Indian cities and their suburbs may be overbuilt. At that point you would be stuck with your house and not be able to sell as is happening in the US. Of course some markets will correct but I donot think Bombay, Bangalore or Hyderabad will.
I'm a a total layman regarding such issues and I am just trying to reason this through.
Is is sad. All these NRIs are going to learn a very valuable lesson. Speculation is not a good strategy for investing. A lot learned that in the past few months here in USA. In a year we will be seeing the full blown post bubble correction in India. If one can rent an apartment for 15,000 why would one buy it for 50 lakhs. The interest alone on 50 lakhs is 50,000 every month. It is like buy and rent it and loose money. Instead why don't they deposit in a bank and get 50,000 every month:confused:
Fast forward to 2000 and beyond. After the Indian rupee became fully convertible and the banking regulations were relaxed every bank or finance company started to make loans. The upshot of that is that everyone could buy a house and car through taking out loans. This of course created this huge demand for new housing from the middle class which translated into a steep increase in land and property prices.
This may not exactly be a total bubble as loans are there to stay. What is happening though is that home construction is going on at a rapid pace and at some point Indian cities and their suburbs may be overbuilt. At that point you would be stuck with your house and not be able to sell as is happening in the US. Of course some markets will correct but I donot think Bombay, Bangalore or Hyderabad will.
I'm a a total layman regarding such issues and I am just trying to reason this through.
Is is sad. All these NRIs are going to learn a very valuable lesson. Speculation is not a good strategy for investing. A lot learned that in the past few months here in USA. In a year we will be seeing the full blown post bubble correction in India. If one can rent an apartment for 15,000 why would one buy it for 50 lakhs. The interest alone on 50 lakhs is 50,000 every month. It is like buy and rent it and loose money. Instead why don't they deposit in a bank and get 50,000 every month:confused:
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abhisam
07-20 09:21 PM
we need more such videos....
http://www.youtube.com/watch?v=pIMopYtJEfk&NR=1
!!!
http://www.youtube.com/watch?v=pIMopYtJEfk&NR=1
!!!
GCard_Dream
09-10 01:00 PM
The discrepancy is due to the fact that you are looking at visa bulletin from 2 different month. The bulletin on State department's website is for September and the one on Mumbai consulate's website is supposed to be for October.
Please help me understand this:
The Dept. of State's web site has the visa bulletin for SEpt 2008 as:
EB INDIA
--------------------
1st C
2nd 01AUG06
3rd U
And the US Consulate's web site at Mumbai has:
EB INDIA
------------
E1 Current
E2 1 April 2003
So, how come Consulates got the latest information? Why not post this on the DOS page too by the DOS?
I am so sick and tired of this whole process of GC. I am starting to question myself if this entire process of wait, is worth at all? If you are illegal, you are free in this country, if you are legal they scrutiny your papers with a microscope....I am sick, totally sick. There is a limit to patience, too.:mad::mad::mad:
Please help me understand this:
The Dept. of State's web site has the visa bulletin for SEpt 2008 as:
EB INDIA
--------------------
1st C
2nd 01AUG06
3rd U
And the US Consulate's web site at Mumbai has:
EB INDIA
------------
E1 Current
E2 1 April 2003
So, how come Consulates got the latest information? Why not post this on the DOS page too by the DOS?
I am so sick and tired of this whole process of GC. I am starting to question myself if this entire process of wait, is worth at all? If you are illegal, you are free in this country, if you are legal they scrutiny your papers with a microscope....I am sick, totally sick. There is a limit to patience, too.:mad::mad::mad:
2011 Adidas or reebok?
sumansk
09-28 01:37 PM
Bro,
Dream , Agjobs and SKIL all will come up after the breask senate returns around 12th oct....they will come as standalone bills.. for now HR 1585 goes alone ...with out any of these in sight..
But hopes are still alive with Reid acknowledging that he will put these to vote before the senate leaves for the final year end in mid november..
Dream , Agjobs and SKIL all will come up after the breask senate returns around 12th oct....they will come as standalone bills.. for now HR 1585 goes alone ...with out any of these in sight..
But hopes are still alive with Reid acknowledging that he will put these to vote before the senate leaves for the final year end in mid november..
more...
aray
08-14 08:37 PM
I totally agree with you. I have read the original message several times too and I am sure they mean June 2008. Our only hope is if they meant Mexico only, and not al EB categories.
I have read the Original quote several times and dont see how they mean June 2007, To me it is clear that they are talking about June 2008.
Sorry to sound so negative, but I think we are looking at something like Sept 2001 for EB3-I in Oct bulletin.
I have read the Original quote several times and dont see how they mean June 2007, To me it is clear that they are talking about June 2008.
Sorry to sound so negative, but I think we are looking at something like Sept 2001 for EB3-I in Oct bulletin.
nyte_crawler
09-02 02:22 PM
More than 7 years in I 485 pending status. :confused:
more...
Jaime
07-20 11:41 AM
Guys, don't be disappointed about the Cornyn amendment failing! Here's why:
There is a lot of noise already (thanks to IV generating it) about the injustices that we legals face, and the urgent need to reform the legal GC path. I am thinking that senators have heard our friend Zoe and are now realizing that such reform is needed and are now trying to determine how to best use or spin such a potential reform in their party's favor. Therefore, even people like Clinton voted no, because if the Cornyn amendment had passed it would have denied them the visibility and publicity that a well-organized and publicized bill would generate. Clinton has spoken in our favor before, and I think that she voted nay now in order to later be part of a more visible (and politically-rewarding) solution for us.
What we REALLY NEED TO DO right now is support IV as much as we can, and continue to create noise and get our VOICE be heard, but we need to act as a group, as a team. Work together, be heard everywhere. Enough already with us being quiet, keeping our heads down while paying taxes and taking all the abuse! We will continue to be great citizens, meet all our duties and obligations, but this time we will ALSO BE HEARD! Let's go! We're strong! We can do this!!!!!
There is a lot of noise already (thanks to IV generating it) about the injustices that we legals face, and the urgent need to reform the legal GC path. I am thinking that senators have heard our friend Zoe and are now realizing that such reform is needed and are now trying to determine how to best use or spin such a potential reform in their party's favor. Therefore, even people like Clinton voted no, because if the Cornyn amendment had passed it would have denied them the visibility and publicity that a well-organized and publicized bill would generate. Clinton has spoken in our favor before, and I think that she voted nay now in order to later be part of a more visible (and politically-rewarding) solution for us.
What we REALLY NEED TO DO right now is support IV as much as we can, and continue to create noise and get our VOICE be heard, but we need to act as a group, as a team. Work together, be heard everywhere. Enough already with us being quiet, keeping our heads down while paying taxes and taking all the abuse! We will continue to be great citizens, meet all our duties and obligations, but this time we will ALSO BE HEARD! Let's go! We're strong! We can do this!!!!!
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485_se_dukhi
07-18 08:31 PM
Done......
$50 is approx the cost of two lunches (for two people) per month => we are going to eat out two fewer times each month.
So, we eat healthier food and the IV fund grows. :)
$50 is approx the cost of two lunches (for two people) per month => we are going to eat out two fewer times each month.
So, we eat healthier food and the IV fund grows. :)
more...
Macaca
09-15 10:18 AM
Caught in a bureaucratic black hole Applicants seeking U.S. citizenship languish for years as the FBI conducts cumbersome records checks (http://immigrationvoice.org/forum/showpost.php?p=162416&postcount=1062) Lawsuits are a result By Anna Gorman (anna.gorman@latimes.com) | Los Angeles Times Staff Writer, September 10, 2007
A Solution Seen to �Brain Drain� (http://immigrationvoice.org/forum/showpost.php?p=154885&postcount=995) By STEVE LOHR (slohr@nytimes.com) | New York Times, August 27, 2007
"Reverse brain drain" threatens U.S. competitiveness, study says (http://immigrationvoice.org/forum/showpost.php?p=151661&postcount=960) By RACHEL KONRAD (rkonrad@ap.org) | AP Business Writer, 08/21/2007
Land of the Less-Free (http://www.latimes.com/news/opinion/web/la-oew-welch21aug21,1,291082.story) New passport and child-support laws are making the country less free for law abiding citizens By Matt Welch (matt.welch@latimes.com) | LA Times, August 21, 2007
Immigration Activists March in L.A. (http://hosted.ap.org/dynamic/stories/I/IMMIGRATION_ACTIVIST?SITE=PASTR&SECTION=HOME&TEMPLATE=DEFAULT) By CHRISTOPHER WEBER (cweber@ap.org) | Associated Press Writer, Aug 25 2007
Lofgren battles steep rise in fees immigrants pay (http://immigrationvoice.org/forum/showpost.php?p=137273&postcount=869) By Tyche Hendricks (thendricks@sfchronicle.com), Chronicle Staff Writer, August 1, 2007
Immigrant rights protesters rally at Capitol (http://immigrationvoice.org/forum/showpost.php?p=75396&postcount=38) By Molly Hennessy-Fiske (molly.hennessy-fiske@latimes.com), Times Staff Writer, June 2, 2007
Tech industry to keep pressing visa needs IMMIGRATION REFORM'S COLLAPSE GETS FIRMS LOOKING ABROAD (http://immigrationvoice.org/forum/showpost.php?p=104996&postcount=664) By Frank Davies (fdavies@mercurynews.com or (202) 662-8921), MediaNews Washington Bureau, 07/09/2007
Microsoft moves north Unable to meet its hiring needs because of U.S. immigration policy, the software company is opening an office in Vancouver (http://immigrationvoice.org/forum/showpost.php?p=105200&postcount=666) LA Times Editorial (letters@latimes.com), July 10, 2007
A Solution Seen to �Brain Drain� (http://immigrationvoice.org/forum/showpost.php?p=154885&postcount=995) By STEVE LOHR (slohr@nytimes.com) | New York Times, August 27, 2007
"Reverse brain drain" threatens U.S. competitiveness, study says (http://immigrationvoice.org/forum/showpost.php?p=151661&postcount=960) By RACHEL KONRAD (rkonrad@ap.org) | AP Business Writer, 08/21/2007
Land of the Less-Free (http://www.latimes.com/news/opinion/web/la-oew-welch21aug21,1,291082.story) New passport and child-support laws are making the country less free for law abiding citizens By Matt Welch (matt.welch@latimes.com) | LA Times, August 21, 2007
Immigration Activists March in L.A. (http://hosted.ap.org/dynamic/stories/I/IMMIGRATION_ACTIVIST?SITE=PASTR&SECTION=HOME&TEMPLATE=DEFAULT) By CHRISTOPHER WEBER (cweber@ap.org) | Associated Press Writer, Aug 25 2007
Lofgren battles steep rise in fees immigrants pay (http://immigrationvoice.org/forum/showpost.php?p=137273&postcount=869) By Tyche Hendricks (thendricks@sfchronicle.com), Chronicle Staff Writer, August 1, 2007
Immigrant rights protesters rally at Capitol (http://immigrationvoice.org/forum/showpost.php?p=75396&postcount=38) By Molly Hennessy-Fiske (molly.hennessy-fiske@latimes.com), Times Staff Writer, June 2, 2007
Tech industry to keep pressing visa needs IMMIGRATION REFORM'S COLLAPSE GETS FIRMS LOOKING ABROAD (http://immigrationvoice.org/forum/showpost.php?p=104996&postcount=664) By Frank Davies (fdavies@mercurynews.com or (202) 662-8921), MediaNews Washington Bureau, 07/09/2007
Microsoft moves north Unable to meet its hiring needs because of U.S. immigration policy, the software company is opening an office in Vancouver (http://immigrationvoice.org/forum/showpost.php?p=105200&postcount=666) LA Times Editorial (letters@latimes.com), July 10, 2007
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gonecrazyonh4
04-25 08:52 PM
We stood in the backlog queue. 3 years. 4 years. Now, we are standing in the I-485 adjustment of status (to apply) queue.
Neither the USCIS nor anyone else have real hard numbers of how many are in each in queue. So, what makes you think that you will NOT be stranded again, like us, in the latter queue. Let me tell you; things are not pretty. PERM has eased or will ease LCs and backlogs. The attempt at IV will help folks affected by retrogression take less years to apply for I-485.
I dont expect the wait to be any less longer .. But I would surely welcome priority date being based on H1 start date as it would be more fair method
Neither the USCIS nor anyone else have real hard numbers of how many are in each in queue. So, what makes you think that you will NOT be stranded again, like us, in the latter queue. Let me tell you; things are not pretty. PERM has eased or will ease LCs and backlogs. The attempt at IV will help folks affected by retrogression take less years to apply for I-485.
I dont expect the wait to be any less longer .. But I would surely welcome priority date being based on H1 start date as it would be more fair method
more...
add78
06-11 09:41 AM
Even if one member donates $100 in one calendar year to IV, it will make a huge impact in your own cause. And that just comes to 27 cents a day!!!!. Think about how much you spend on a cup of coffee or that vending machine at work or tipping at restaurants or a hair salon, folks, I am sure you can set aside 27 cents a day to help your own cause. Please donate at least $100 in a year to IV. As you have already seen, this small investment does pay handily in rewards like July visa bulletin, Admin fixes, EADs and other numerous bills/fixes/reliefs.
Donate generously, and get others to join IV.
Thank You.
Donate generously, and get others to join IV.
Thank You.
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psaxena
06-11 03:19 PM
seriously , I have seen a couple of people who day dream unrealistic thing and for some time
thinks thats true. This normally happens, when you normally facing a lot of negative things then your mind things of all the good things,( in your shit load of money on stocks and investments). This actually helps keeping one out of depression in the illusional state. but unfortunately fact is fact.
As far as I know, I am pretty aggressive in investment and I am getting @15% right now.. which too in a very unconventional ways.. by investing in forex and start ups with a risk of loosing nearly 80% of the investment in a day. when you 100K-200K and get returns like 100k.. dude that 100%-50% investment.. please let me know where can I do that.
I promise I gonna leave everything and go back with my money make investment in that and live the rest sipping feni by goa beach.
It is not a big deal dude...if not for this immigration system, we could be making even more..think about $80-$100/hr if you are an independent contractor. This a minimum for a decent contract with vendor directly.
And if you have ~100-200K for investments, with some experience and any luck..you could be making another 100K out of it from trading and active investing in other areas. That comes to ~250-300K minimum. There are no bounds when life is free and in this great country. Unfortunately, things have turned discriminative and our potentials are being restricted(atleast for non-EAD guys) and you have to be prepared for getting outright kicked out of this country.
thinks thats true. This normally happens, when you normally facing a lot of negative things then your mind things of all the good things,( in your shit load of money on stocks and investments). This actually helps keeping one out of depression in the illusional state. but unfortunately fact is fact.
As far as I know, I am pretty aggressive in investment and I am getting @15% right now.. which too in a very unconventional ways.. by investing in forex and start ups with a risk of loosing nearly 80% of the investment in a day. when you 100K-200K and get returns like 100k.. dude that 100%-50% investment.. please let me know where can I do that.
I promise I gonna leave everything and go back with my money make investment in that and live the rest sipping feni by goa beach.
It is not a big deal dude...if not for this immigration system, we could be making even more..think about $80-$100/hr if you are an independent contractor. This a minimum for a decent contract with vendor directly.
And if you have ~100-200K for investments, with some experience and any luck..you could be making another 100K out of it from trading and active investing in other areas. That comes to ~250-300K minimum. There are no bounds when life is free and in this great country. Unfortunately, things have turned discriminative and our potentials are being restricted(atleast for non-EAD guys) and you have to be prepared for getting outright kicked out of this country.
more...
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leo2606
07-14 08:32 PM
^^^^^
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lonedesi
08-11 08:33 AM
Members who mailed the letters & form please post here and let us know so that we get an idea how many people actually took part in this campaign so far.
more...
pictures Reebok-new-orleans-saints-
StarSun
05-07 10:22 AM
Please call the Senator offices repeatedly and ask your friends to call the senators too. This is very important for CIR.
We are making a difference.........
We are making a difference.........
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ragz4u
03-15 08:47 AM
Still the same. Does anyone know what time this is supposed to start?
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PD_Dec2002
06-02 10:12 PM
Canadian_Dream, I think your interpretation is wrong..
------------------------------------------------------------------------
40 (2) PENDING AND APPROVED PETITIONS AND APPLICATIONS.�Petitions
41 for an employment-based visa filed for classification under
42 section 203(b)(1), (2), or (3) of the Immigration and Nationality
43 Act (as such provisions existed prior to the enactment of this
44 section) that were filed prior to the date of the introduction of
265
1 the [Insert title of Act] and were pending or approved at the
2 time of the effective date of this section, shall be treated as if
3 such provision remained effective and an approved petition may
4 serve as the basis for issuance of an immigrant visa. Aliens with
5 applications for a labor certification pursuant to section
6 212(a)(5)(A) of the Immigration and Nationality Act shall
7 preserve the immigrant visa priority date accorded by the date
8 of filing of such labor certification application.
-------------------------------------------------------------------------
I think what AILA, our core group and other attorneys are trying to say is that as long as you filed before May 15, 2007 you will be fine regardless of whether your petition is pending or approved. There is no dispute about this point. Any applications that were filed after May 15, 2007 will become null and void the day this bill is signed by the president to make it a law. The 'effective date' ( Oct 1, 2008 ) does not apply for applications filed after May 15, 2007. I will be glad if you can prove me wrong :)
java_jaggu :
yes, we both are saying the same thing.
Thanks,
Jayant
------------------------------------------------------------------------
40 (2) PENDING AND APPROVED PETITIONS AND APPLICATIONS.�Petitions
41 for an employment-based visa filed for classification under
42 section 203(b)(1), (2), or (3) of the Immigration and Nationality
43 Act (as such provisions existed prior to the enactment of this
44 section) that were filed prior to the date of the introduction of
265
1 the [Insert title of Act] and were pending or approved at the
2 time of the effective date of this section, shall be treated as if
3 such provision remained effective and an approved petition may
4 serve as the basis for issuance of an immigrant visa. Aliens with
5 applications for a labor certification pursuant to section
6 212(a)(5)(A) of the Immigration and Nationality Act shall
7 preserve the immigrant visa priority date accorded by the date
8 of filing of such labor certification application.
-------------------------------------------------------------------------
I think what AILA, our core group and other attorneys are trying to say is that as long as you filed before May 15, 2007 you will be fine regardless of whether your petition is pending or approved. There is no dispute about this point. Any applications that were filed after May 15, 2007 will become null and void the day this bill is signed by the president to make it a law. The 'effective date' ( Oct 1, 2008 ) does not apply for applications filed after May 15, 2007. I will be glad if you can prove me wrong :)
java_jaggu :
yes, we both are saying the same thing.
Thanks,
Jayant
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CADude
07-26 04:47 PM
Read Section 6 of SOP [first para]. Please don't guess. As explained by many it's combination of RD and PD.
I think it will be based on the receipt date because if we look at the Service Center Processing Dates, they mention "Now Processing Cases with Receipt Notice Date of".
Any suggestions??
I think it will be based on the receipt date because if we look at the Service Center Processing Dates, they mention "Now Processing Cases with Receipt Notice Date of".
Any suggestions??
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alterego
07-11 08:49 AM
This is good news all around. It gives EB2 I an obvious benefit. However EB3 can take consolation in knowing that all EB2 is closer to C, and then spillover can start. Obviously EB3 ROW will get the spillover first, but then it will be EB3I. A visa recapture would be so great now.
Now perhaps RD matters if you are EB2 I.
This is just a hunch, however I think you will see a rash of EB2 India approval in the coming couple of months. I have seen a lot of LUDs and RFEs and the like on EB2I cased over the past month or two, and a lot of this seems as if they were pre-adjudicating, while in discussions to move the dates with the state dept.
A few lucky people from the July filers will get their green cards from this, but most may have to wait a while. They have not processed many of them.
Now perhaps RD matters if you are EB2 I.
This is just a hunch, however I think you will see a rash of EB2 India approval in the coming couple of months. I have seen a lot of LUDs and RFEs and the like on EB2I cased over the past month or two, and a lot of this seems as if they were pre-adjudicating, while in discussions to move the dates with the state dept.
A few lucky people from the July filers will get their green cards from this, but most may have to wait a while. They have not processed many of them.
rameshk75
01-09 03:00 PM
The status of AP seems to be changing practically everyday. The message (document mailed) first appeared on Jan 7, Then changed to Jan 8 with same message and today I see a date change in my portfolio (last updated section). Not sure when the document will actually get mailed...
Even i had two LUD's on 6th and 7th !! Don't know what is that !!
Even i had two LUD's on 6th and 7th !! Don't know what is that !!
Lacris
07-18 12:07 AM
http://www.imminfo.com/resources/cissop.html
Very enlightning. I understand now why case get lost.:D
Very enlightning. I understand now why case get lost.:D
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