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  #31 (permalink)  
Old 09-23-2008, 12:03 PM
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Default Never a better time to live an American dream

Quote:
Originally Posted by geesee View Post
already bought a house in 2004.. so no immediate use for me! but I do like the idea! it will surely benefit me if the queue reduces even by 20%

although i wonder if there are people out there who really want to purchase a house in this financial crisis ?!?!
This is a great time to buy a house right now. The prices are the lowest. Government intervention will stabalize the credit crisis and more deserving people with good credit score will be able to secure loans/mortgages. If the government bail-out doesn't work, well, gc and any related discussion will be irrelevant. So we just have to expect (or shall I say assume) that bail-out will work, which will stablize the markets, that means this is the bottom of housing crisis i.e. lowest prices available to buy a house. There couldn't be a better times to start an American dream....
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  #32 (permalink)  
Old 09-23-2008, 12:05 PM
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Default Finally

Finally a great idea that the Congress can swallow without appearing being pro-immigration.
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  #33 (permalink)  
Old 09-23-2008, 12:07 PM
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Default

I Support this idea!!

For the the ones who are skeptical, there are two simple things to consider.
1. Other than 5882 (which is the most preferred) is there anything else out there to help improve the Green card process? ANYTHING? we all would love to hear it.
2. Even if this idea will not work for you (already bought a house/can't buy one right now), if this does go through and reduces the backlog, is it not what you want ultimately?

As usual you are welcome to your opinion but considering the two points above please refrain from negative opinions because that usually dissuades some IV members to come out and support action items.
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  #34 (permalink)  
Old 09-23-2008, 12:07 PM
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Default

Emailed everyone on the list. Great Draft. Now calling my wife to send the emails. Later I will email my friends to send out the same communication. Great work Nixstor!
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  #35 (permalink)  
Old 09-23-2008, 12:08 PM
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Default Grest Idea

It is grat Idea. When you run an organisation, think about weather it meets our final goal or not. Do not think it is going to benfit me or not.

Once again Great..
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  #36 (permalink)  
Old 09-23-2008, 12:10 PM
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Default Good way to grab atention

i think this proposal is a very good way to grab some desperately needed attention for skilled immigrants....i will start customizing the letters now..
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  #37 (permalink)  
Old 09-23-2008, 12:10 PM
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Default

What an irony my friend. I'm arguing for people like you...who can afford to buy a home in this economy and you arguing for people(bodies in your "not every body") like me who cannot afford. Thank you for your concern, but I think it is a very good idea.

What a Twister !!!
Quote:
Originally Posted by aps View Post
Jayleno,

You are not really interested in helping, otherwise you would have bought a house and put economy back on track. But you are taking advantage of the current situation. My point is not every body has money at present in hand to buy a house. Every body likes to spend their money and settle down here, otherwise no body would have applied for green card. This plan is proposed all of the sudden and it is not fair. If i consider people, who lost jobs because of this worst market, you are twisting the story by talking prevailing wages and illegal status. FYI, I have potential to buy a home here and currently working and making enough money here. I request you answer the question only, not twist.

aps

Last edited by jayleno; 09-23-2008 at 12:15 PM.
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  #38 (permalink)  
Old 09-23-2008, 12:18 PM
n2b n2b is offline
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Default

Let me slice & dice your thought!

Quote:
Originally Posted by pointlesswait View Post
this is totally lame idea!Why, do you have any brighter idea than this? Until you have one at least this is something to act upon! Though, if you have an idea please post, majority of people on this forum are good listeners and executioners unlike you maybe.
immigration policy is a social and an economic issue..not just economics..At least we are putting something on the table that can take care of one issue in your opinion i.e. the economic issue, pls let the social issue aside at least the way you are putting it, it sounds more like a racist issue!!!
They dont want too many ppl from one country ..that is the reason for 7% quota...why cant you digest that fact...How many times have other members mentioned to folks like you that the people you are talking about are already in this country, unlike you I do not see why would there be any concern around having too many ppl from one country? It seems like only you seem to be scared of a different breed around you!
we can fight injustice if we feel we are being treated in an unfair manner..is this justice to restrict EB categories by country limits and not having such limit for H1Bs or L1s? Why not have same policies across the board if it's right? You might think this is justice because of your racial thoughts!
but this carrot-and stick approach will back fire...I can partially agree to this...we have to make sure this approach does not back fire!

i know many who have bought homes even when they were on H1...In which case you would also know many who haven't bought homes because they are unsure about their greencards! (ps - I am house owner so this one don't really matter to me but I am all up for it.)
you must be really creative to link EB GC and purchasing a house!You are right, the reason we fall in to the EB categories is because of our creativity! why do you fall into EB category anyways?

Last edited by n2b; 09-23-2008 at 12:24 PM.
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  #39 (permalink)  
Old 09-23-2008, 12:20 PM
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Default Let's start working on this campaign

Let's do it
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  #40 (permalink)  
Old 09-23-2008, 12:33 PM
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Default Just emailed all

Quote:
Originally Posted by santb1975 View Post
Let's do it
I just emailed all of them with my name, address and phone number. Atleast 13 of them bounced. Can some one correct the email addresses in that sheet.

Last edited by reddymjm; 09-23-2008 at 12:36 PM.
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  #41 (permalink)  
Old 09-23-2008, 12:42 PM
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Default

Quote:
Originally Posted by reddymjm View Post
I just emailed all of them with my name, address and phone number. Atleast 13 of them bounced. Can some one correct the email addresses in that sheet.
Thanks for sending.

send me a PM with addresses that bounced. I will update the list.
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  #42 (permalink)  
Old 09-23-2008, 12:43 PM
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Default

And so it begins... a guy puts on the table a good idea.. and then everyone start listing what is wrong with it or how it does not fit in their small self-centered universe.

Let the censure begin!


Quote:
Originally Posted by nixstor View Post
As completely unrelated these two issues are (from a law maker's perspective) on a normal day, these are possibly those times when each of these issues can help the other.

IV has been discussing about the possibility of one for two solution (partial). The idea is to request congress to exempt EB applicants & their dependents from numerical limits of the Immigrant visas, if they buy a home. It is my belief that market sentiment is the most important thing in any financial market(s) and the housing prospects look pretty bleak. There are lot of members in the EB community that have NOT bought their own home, even though they could afford one because of the uncertainty with EB GC. IV's idea is to bridge the financial committees and judiciary committees in the House/Senate and see if corresponding Chairman/Ranking members are willing to listen. Things are moving so fast with the 700bn USD bail out plan and we will NOT have time to do things the normal way, through our counsel. We have to present this idea to the corresponding staff members of key members of congress (see list below) and see if this gets traction now or going forward.

Please do not bring EB-5 discussion/comparison here. The proposed partial solution is different from EB-5 in that EB-5 investors invest money and we are investing in our future with a genuine intention of making USA our permanent home.


If you already have a home, thats fine. Any such legislation will reduce the wait times in EB categories and we need housing markets to rebound for a safer economy before the ripple effects are felt every where.


Who to write to


Staff members(Chief of Staff, Legislative LA, Financial LA, Legislative Director) of Chairman/Ranking members of House/Senate Judiciary committee & Finance/Banking committee, Staff members of your representative and your senators. Please find staff members of the committees in the spreadsheet.

You can find your representative & senator staff members on this website.

Please use valid email addresses and NOT fictitious/junk mail. It undermines the whole purpose and our emails will be flagged by mail scanners / spam checkers as some thing similar to famous Nigeria bank account scams.


Email Subject: Proposal to alleviate current US Housing/economic crisis


Content/Message


SUMMARY


This proposal alleviates the current US economic crisis, by motivating the US high skilled, legal immigrant workers to purchase homes. The size of this immigrant population is approximately 800,000 individuals. This effort if successful would inject up to US$ 20Billion approximately into the economy (approximately US$ 100 Billion in houses sold across the country) , while at the same time directing this money into the root cause of the economic crisis – the illiquidity of the national housing market. The above calculation is done
assuming a median US home price of $212,400 and buyers making a down-payment of 20% of the cost of the home. Roughly estimating 400,000 buyers.

BACKGROUND

Undoubtedly, we are all devastated by the shake up on Wall Street in the past 15 days. Experts agree that the underpinning problem is the housing crisis caused by sub-prime mortgage loans. Many of us, who cannot afford our monthly mortgage payments are losing homes and putting them up for sale and foreclosure, which further adds to the crisis. At the same time, most of the Employment-based (EB) immigrant community would like to purchase homes and make the United States a permanent home for their families. These EB immigrants however, are living in a state of limbo, mostly in rental apartments because of the delays and uncertainties involved with the EB immigration procedure. The wait times in EB categories are exacerbated by the delays in processing by USCIS, even though eligible applicants have filed for Permanent Residency also known as Adjustment of Status. Such processing delays have resulted in the wastage of 218,000 immigrant visa numbers (Page 52 of USCIS Ombudsman Annual report 2007). The current Department of State visa bulletin shows 7+ years of wait times in certain categories. We strongly believe that legislation can be worked out in such a way that the housing markets all over the country can move towards recovery, while at the same time motivating the Green Card applicants to catalyze this recovery.

It should be noted that this proposal by no means brings more immigrant workers into the US. The workers in the EB, skilled category are already present in the US, doing skilled jobs that no US worker is available to do. They are part of the long queue of backlogged cases that USICIS will eventually process; however, this wait can take years and in that case could not be used as a tool to minimize the course of the current economic crisis.

SOLUTION

Congress can pass legislation that exempts EB green card applicants and their dependents from the numerical limits of visa numbers, provided applicant(s) have bought a home making 20% down payment on the sale price of the home, for a time period deemed necessary by the congress.


How can Employment based Immigrants help alleviate the housing problem?

(1) Employment based immigrants are highly skilled and are employed in occupations such as Software, IT, Health care, Energy, Finance, Education and Research & Development across the United States.

(2) Average income of these individuals/households is around 65,000/130,000 USD.

(3) All these Employment based immigrants have gone through Department of Labor’s recruiting process, which certifies that there is no willing, able and qualified US Citizen to do the job.

(4) Most of the Employment based immigrants have excellent credit history and good source of income to make the payments needed for their home mortgage.

(5) By requiring a 20% down payment from this group of buyers, Congress can directly channel this money to where it is need most – at the banks.

(6) Employment based green card applicants have been living in the United States for 6-8 years. Many of them have US graduate degrees in their fields of expertise. These applicants are well versed with the American culture and will not change the cultural landscape.

(7) Financial burden on US government and treasury will be reduced drastically if the glut of houses in the market decreases.


As a member of the community that wants to make the US its permanent home, I want to contribute to a solution that helps USA and US during these tough times. I sincerely believe that the 30 year commitment on mortgages by Employment based immigrants in the housing market, backed by solid, risk free mortgages can turn the down ward spiral in the housing market into a upward spiral.

END OF CONTENT
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  #43 (permalink)  
Old 09-23-2008, 12:44 PM
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Exclamation Amendment

Current homeowners who are waiting for their GC MUST also be exempted from cap. This clause has to be there. Without having any gurantee of getting GC these folks have invested their savings in buying home even when the prices were high, WHY because they had real intent of making US their permanent home. So these people should too be exempted from EB cap.
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  #44 (permalink)  
Old 09-23-2008, 12:49 PM
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Default Do you respect the wisdom and experience of Allen Greenspan

First of all, IV is all about us. Any kind of change / help that brings positive changes to EB community shall always be welcome.
So far number of efforts have been made, and many times we were defeated by our anti-immigrant friends for so many reasons. But take a look at the following
http://blogs.wsj.com/economics/2008/...to-crisis-end/

It's not about ignoring any specific group of EB immigrants.

Thanks
Satya


Quote:
Originally Posted by aps View Post
Most of us are waiting in line for years by sacrificing their career growth and earnings with the so called consulting companies. what for? To get a green card by buying a home here? Is it sensible? common. Bring some common solution to everybody, not for few. If you want to leave some IV members behind, then you may continue with this idea. your proposal DOES NOT MAKE ANY SENSE to me.
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  #45 (permalink)  
Old 09-23-2008, 12:53 PM
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Default interesting, but let's not force

My friend
I'm a home owner, bought a home in 2005 and still on H1B.
But let's not complicate the efforts because i'm not sure how much it will help to clear the mess of retrogression
Correct me if i were wrong and missing something

Quote:
Originally Posted by DSLStart View Post
Current homeowners who are waiting for their GC MUST also be exempted from cap. This clause has to be there. Without having any gurantee of getting GC these folks have invested their savings in buying home even when the prices were high, WHY because they had real intent of making US their permanent home. So these people should too be exempted from EB cap.
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