Reddit has recommended Indian H1B visas in the US to not buy a house right now. Many people buy houses after several years, especially when establishing a family, because they believe that renting is a waste of money. But the user says this is not true.
High interest rates mean that timely mortgage repayments usually go to the bank as interest, as well as rent. It is also “lost” money, says the user.
According to the Reddit user, who owns a house often brings more stress: longer commuting, lifestyle upgrades and added expenses such as furniture and repair. People feel under pressure to spend more and stay in cities just because their own property.
“You upgrade to a comfortable SUV. Instead of IKEA, you enter West Elm furniture. You will hire a landscape painter instead of growing mint in a pot. You will hire a supplier to rebuild your bathroom to have a heated bidet and 2 shower people,” says Post.
The user calls the technology market unstable and suspects that immigration policies may change, causing the loss of jobs to be tied to the mortgage.
“Policy follows the same environment. Before you know, you can lose your work or countries could be enemy for H1BS. Mortgage stress will be intense. Your company could change your melodies every day and you are just a source,” Reddit says.
“I feel badly“ do not own ”, but if you reformulate it as paying for the privilege of flexibility and time, it seems much better to rent than your own. This is assuming that it is actually more expensive to rent, which is usually not. Your children will not take care of the difference. And you will be happier, ”adds the user.
While one social media user was wondering if people with H1B Visa had bought houses, others explained that Texas, Dallas and Charlotte had huge farms that were completely occupied by the Atlanta H1B, Chicago suburb communities.
Not everyone agrees
One of them disagreed with the original poster and claimed that it would depend on the income.
“I’m in Bay Area and I have at least 3-5 friends from NVIDIA, which had more than $ 5 million in cash and bought Big Ranch outside,” the user wrote.
Reddit warned that if H1B visa holders return to India, they would become non -residents (NCNR) in the US who are not citizens (NCNR). In such cases, after a limit of $ 60,000, their US assets may face up to 40%.
This is an important point for H1B holders to keep in mind when planning their future and managing their savings, the user said.
(Tagstotranslate) H1B visa
