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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (6311)	10/28/2002 2:06:54 AM
From: John Chen	Respond to of 306849

NewYorkCityBoy,re:"H1B go back to india for $12K, instead of $60K." I don't think the monetary difference is the key. It's the career, especially for the high achiver who wants to move ahead. For the less 'ambition inclined', the extra bucks provide an early start on earning. One can always return since the snowball effect would continue flow jobs to India, there is no real hurry to return. for the example of a Chinese couple living in $100+/month apartment in Boston (got me where did they find such kind of housing in BOSTON) and bought house in China instead. Both have merits, but career-wise, I bet the earlier one established the better it should be. I heard this kind of result in 'prior development'. The biggest minorities must be the Mexican, now that President-fox has declared USA is part of Mexico. They lost Alamo once, now they are getting it back without a fight, at no cost, real smart.

To: SouthFloridaGuy who wrote (6311)	10/28/2002 6:30:58 AM
From: Tradelite	Respond to of 306849

<<it seems the foundation of the "coming" housing boom is already on shaky ground>> Evidence is building that many people seem to believe housing either has to be "boom" or "bust". It doesn't work that way. Sometimes it just sits there, and people who know how do tend to make the most of that situation.

To: SouthFloridaGuy who wrote (6311)	10/28/2002 2:27:15 PM
From: 8bits	Respond to of 306849

<< And if anybody thinks Ashcroft and Company are going to let in foreigners like the Clinton Administration, they've got another thing coming.>> It appears that immigration under George Bush Sr. Immigration was higher: ncela.gwu.edu It was my understanding that Democrats (In congress..) we trying to limit H1-B visas (threat to labor..) Business lobbied for additional visas and got them. I'd say under a Republican administration if the economy improves, legal immigration will continue at a brisk pace. (Except for immigrants from Muslim countries..) Illegal immigration may be abated somewhat. <<On a higher level, ask most H1B's and they'll gladly go back to India for $12k a year instead of being treated like sh!t here making $60k.>> I've gotten a somewhat different story. (Half the people I work with are from India.) Many still want to come here because of the prestige of working in the US. The future may hold a different story however. Especially with US companies continuing with their expansion of hiring in India. << I know many minorities who have qualified and bought luxury cars, immediately turned around and sold the cars, and went back to their countries and live like kings.>> Was this recent..? I've heard of these tales but they were at least a decade old.

To: SouthFloridaGuy who wrote (6311)	10/28/2002 3:02:50 PM
From: Michael Sphar	Read Replies (1) \| Respond to of 306849

It is interesting to read your Eastern perspective of the immigrant situation. Here is Silicon Valley, where I have long been the obvious "minority", when I'm a commuter stuck in traffic driving my Ford Explorer home to my 50 year old middle class fixer upper, I invariably find myself surrounded by late model Lexus's, Beemers and Infinitis being driven home to their West Valley millionplus dollar digs by the Chinese and other Asian immigrants who have no intention of ever going back to the land where they or their parents were born, except as tourists. SV has grown to greatness on the backs (or more to the point) on the highly educated intelligence of this latest wave of American immigrants. Clearly the vast majority of upper middle class wealth in this area resides in the hands of these highly educated and motived immigrants. Its us 6th generation American white boys that are the clear anachronism around here. One of the key lessons I've learned from these immigrants? Buy quality real estate and keep it forever. And of course its corollary, Buy quality income producing real estate and keep it forever also. The only thing shaky about the real estate around here is the San Andreas Fault line.