Reddit user sparked the debate by warning H-1B Hindi holders against homes in the United States, referring to financial risks and uncertainty in immigration. After publishing “SMOKYSKYLINE” under the subject “Please do not buy a house in this environment,” the user informed the increasing mortgage costs, the fluctuation of the technology sector, and the lifestyle enlarged as dangerous concerns.
“Please do not buy a house in this environment. Only my advice of course. There is a tendency for H1B H1B Holts to try to buy a house after a few years of their presence in the United States, in the thirties or so, while they start a family,” I read the post.
The user has argued with cultural expectations often pushing the Indians to ownership of homes very quickly.
“There is a strong cultural belief that buying a house is an investment and leasing is the disposal of money. It is not. First, if you operate mathematics on the rent in exchange for a purchase in this environment, the rent usually comes on top.
Besides the financial statements, it warned about how having a house can feed the costly lifestyle crawl.
Second, you fail to think about lifestyle and its effect on work. House in suburbs usually means a lot of movement. To West Elm Furniture instead of IKEA.
Job security policies and the transformation of migration add another layer of risk.
“Third, the technical environment is very unstable. Politics follows the same environment. Before you know it, you may lose your job, or the country may become a friend of H1BS. Stress from the mortgage will be intense. Your company can change its melody on any day and you are just a supplier.”
The call for a mental transformation, urging the H-1B user to inequalize the rent with a financial loss.
“If you reformulate the matter as paying for the privilege of flexibility and time, it seems that it is better to rent more than it. This is assumed that it is actually more expensive for rent, which is not.”
The post concluded that “your children will not care about the difference. They will be happier.”
How was the reaction of Internet users
Echo the warning with many Reddit users who have participated in personal personalization about buying homes during H-1B visas.
“Although a few of them may have luck, one of the most stupid steps is to buy a house when it is in H1B in H1B and still has an opportunity to move or lose a job,” one of users wrote.
Another person said: “Listen to this man! I am the exact man who described him in the post and regrets my decision every day.”
A third user added: “Finally, someone said this correctly. It is not worth it at least in the current administration.”
However, some contestants did not agree that home ownership could be logical depending on personal financial affairs and housing markets and the desire to stability.
“Having a house is necessary. Renting changing homes after every 2-3 years is a lot of work and problems. Once, the rent continues to increase according to the market condition. But if you buy a housing loan on a fixed structure with increasing salaries, it becomes easier over time. After a certain point you want to live in a society,” one of the users wrote.
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