OreyPandhi Posted August 23, 2020 Report Share Posted August 23, 2020 37 minutes ago, Jombo0108 said: Hey bro, give me straight. Why did you become a home owner? Is it worth the risk , given our temporary immigration status ... If u stay here for 10+ years on h1b (in most cases you do) it is good idea to own a house than rent when u r paying more or less the same amount every month. Rent payment is coverted into ur mortgage payment and you have an investment and a property. If you are leave the country, sell it off. Quote Link to comment Share on other sites More sharing options...
Vaampire Posted August 23, 2020 Report Share Posted August 23, 2020 35 minutes ago, Jombo0108 said: Hey bro, give me straight. Why did you become a home owner? Is it worth the risk , given our temporary immigration status ... Let's park the immigration status. Endukantey USA ni vellipomani cheppina neeku illu ammesi velley time untadi. In case amme time ivvakappoyina, there are ways to sell ur house after moving to india. Coming to my scenario. I bought my first house in bay area as investment in 2014. Ippudu almost double ayindi. Kondari vishayam lo (atleast in bay area), valla salary tho savings Kanna house appreciation ekkuva chaala Quote Link to comment Share on other sites More sharing options...
Jombo0108 Posted August 23, 2020 Report Share Posted August 23, 2020 29 minutes ago, ForEverJava said: Original intent was temporary but as soon soon as u file 140 its not temporary u know ..h1b is dual intent for your info..and when u stay like 6months to 3 yrs its temporary but when u stay 10 yrs 15 yr or 20yrs on h1b its not temporary u are giviing more than half of young life to America thats not temporary..u are married here and getting kids and kids growing they are going to college kids creating family and raising kids here also ..thats not temporary btw..i know some ppl still on h1b after 18 to 20 yrs still on h1b too..so h1 as temporary is very subjective term..it become dual intent as soon as u file 140 which is immigrant petition just fyi.. Good response bro.. totally makes sense Quote Link to comment Share on other sites More sharing options...
naabanana Posted August 23, 2020 Report Share Posted August 23, 2020 13 minutes ago, OreyPandhi said: If u stay here for 10+ years on h1b (in most cases you do) it is good idea to own a house than rent when u r paying more or less the same amount every month. Rent payment is coverted into ur mortgage payment and you have an investment and a property. If you are leave the country, sell it off. Not true. Ippudu Vani aunty la 1 million house konni 5 or 10 percent down payment chesi Interest rate and maintenance chsuthe no profit . 35 years term lo 1 million house they will pay too much and no profit moddable. IT jobs are temporary and I see people selling houses in recession or pandemic times. I saw people who has lost money on housing in US with immigration issues.Houses are very cheap now by corona effect . US will be attacked ippudu coronna next bluemoon and US is not a considered safe country for real estate business. Quote Link to comment Share on other sites More sharing options...
terminator_desi Posted August 23, 2020 Report Share Posted August 23, 2020 1 hour ago, OreyPandhi said: If u stay here for 10+ years on h1b (in most cases you do) it is good idea to own a house than rent when u r paying more or less the same amount every month. Rent payment is coverted into ur mortgage payment and you have an investment and a property. If you are leave the country, sell it off. How about taxes and maintenance costs bro? on average they come around 5k $ per year i guess for every state Quote Link to comment Share on other sites More sharing options...
ennnna chata Posted August 23, 2020 Report Share Posted August 23, 2020 After 20% down if rent >= emi and you stay in place for 5 years BUY it rent < emi if you are planning to stay for 5 years but based on your risk appetiate rent << emi buy only if you have a passion to have your own home Quote Link to comment Share on other sites More sharing options...
ennnna chata Posted August 23, 2020 Report Share Posted August 23, 2020 Just now, ennnna chata said: After 20% down if rent >= emi and you stay in place for 5 years BUY it rent < emi if you are planning to stay for 5 years but based on your risk appetiate rent << emi buy only if you have a passion to have your own home this is my opinion and every person is different and no one is sure what will happen in next 2 yeats Quote Link to comment Share on other sites More sharing options...
Popular Post r2d2 Posted August 23, 2020 Popular Post Report Share Posted August 23, 2020 Keeping everything aside.. once you own a home you tend to buy stuff that you don’t actually need.. expenses will grow significantly if the house size is bigger.. 3 Quote Link to comment Share on other sites More sharing options...
Vaampire Posted August 23, 2020 Report Share Posted August 23, 2020 2 minutes ago, ennnna chata said: After 20% down if rent >= emi and you stay in place for 5 years BUY it rent < emi if you are planning to stay for 5 years but based on your risk appetiate rent << emi buy only if you have a passion to have your own home It all depends man. Buying a house not just about avoiding rent. Its like an investment. What ever u said is true if the housing market is stable with 1-2% growth every year. also when u renting a home, you can even adjust in single bedroom apt which is not the case with own house. bay area ki aithey nee analysis work avvadu. In my case i paid more than 2 times the rent for the first year after purchasing the home because of pmi and etc. even now its 50% more than rent. But its not a loss since home price went up by almost 100% since i bought the house. 1 Quote Link to comment Share on other sites More sharing options...
Vaampire Posted August 23, 2020 Report Share Posted August 23, 2020 2 minutes ago, r2d2 said: Keeping everything aside.. once you own a home you tend to buy stuff that you don’t actually need.. expenses will grow significantly if the house size is bigger.. Idhi aithey pakka. Quote Link to comment Share on other sites More sharing options...
krrish Posted August 23, 2020 Report Share Posted August 23, 2020 NJ and TX lo ekkuva antunnaru...but FL lo taxes enta house own chesukunte... Quote Link to comment Share on other sites More sharing options...
OreyPandhi Posted August 23, 2020 Report Share Posted August 23, 2020 1 minute ago, krrish said: NJ and TX lo ekkuva antunnaru...but FL lo taxes enta house own chesukunte... NJ is crap 1 Quote Link to comment Share on other sites More sharing options...
tom bhayya Posted August 23, 2020 Report Share Posted August 23, 2020 5 minutes ago, krrish said: NJ and TX lo ekkuva antunnaru...but FL lo taxes enta house own chesukunte... less than 1 % in FL Quote Link to comment Share on other sites More sharing options...
DummyVariable Posted August 23, 2020 Report Share Posted August 23, 2020 8 minutes ago, OreyPandhi said: NJ is crap You can resell them easily though Quote Link to comment Share on other sites More sharing options...
ForEverJava Posted August 23, 2020 Report Share Posted August 23, 2020 11 minutes ago, tom bhayya said: less than 1 % in FL Same reason why retirees find heaven in FL..and no state tax Quote Link to comment Share on other sites More sharing options...
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