Tell-A-Friend  |  Bookmark Us  |  Sign-Up  |  Help
 
 

Go Back   IndusLadies > Education, Work and Money > Money Matters
 

Forgot username / password?
Register Now!
Home Register Forum Blogs Directory FAQ Mark Forums Read

Notices


Recent Threads
Go to first new post smocking fancy cushion...
Last post by indusankari
Today 02:50 AM
0 Replies, 1 Views
Go to first new post Daily Prayer On Sai Baba.
by Priesh
Last post by pavuluris
Today 02:49 AM
4,481 Replies, 21,747 Views
Go to first new post 'Koora Pudavaya?' - K....
by Rrg
Last post by Rrg
Today 02:43 AM
0 Replies, 1 Views
Go to first new post 'Mappillai Murukku!' or...
by Rrg
Last post by Jananikrithsan
Today 02:41 AM
4 Replies, 42 Views
Go to first new post 25,000 posts and...
Last post by indhusri
Today 02:40 AM
18 Replies, 200 Views
Go to first new post Enthokke undu...
by Laks09
Last post by ansureeba
Today 02:36 AM
16,527 Replies, 103,925 Views
Go to first new post what abt chennai public...
Last post by radhee
Today 02:35 AM
1 Replies, 384 Views
Go to first new post En Samaachaara? - Chit...
Last post by Arunarc
Today 02:34 AM
1,208 Replies, 18,367 Views
Go to first new post Home made Vs ready made...
Last post by lublubna
Today 02:33 AM
4 Replies, 182 Views
Go to first new post “Kalyanaththil Galatta”
by Rrg
Last post by Jananikrithsan
Today 02:30 AM
24 Replies, 298 Views
Current Poll
which is the best method after IVF transfer
Acupuncture - 0%
0 Votes
yoga - 25.00%
2 Votes
walking - 12.50%
1 Vote
Bedrest - 62.50%
5 Votes
Total Votes: 8
You may not vote on this poll.
Reply Post New Thread
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 6th October 2008, 03:09 AM
New ILite
 
Join Date: Sep 2008
City: Chennai
State: TN
Country: India
Posts: 22
Referrals: 0
Boo Reputation Level is 0 (Yet to Receive Reputation)
Default How about Buying a Property in USA now?

Friends,
Is it a good time to buy properties at this time? Real estate is down and the properties are available in cheap rate. Also, Is it possible for a H1 to buy properties in USA?

Thanks,
Kanmani
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 6th October 2008, 10:28 PM
Aarushi's Avatar
Gold ILite
 
Join Date: Mar 2007
City: Atlanta
State: Georgia
Country: United States
Posts: 1,085
Referrals: 1
Aarushi Reputation level is 1 (Good Poster)
Default Re: How about Buying a Property in USA now?

Hi Kanmani,

I can answer the second part of your question. Yes, H1 B holders can buy property in the US. There is no visa restriction on them on buying a house or land.

Regards,
Aarushi
__________________
The journey of a thousand leagues begins from beneath your feet.” - Lao-tzu

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 6th October 2008, 10:35 PM
Nandshyam's Avatar
Platinum ILite
Private Message User
Local Champion
 
Join Date: Oct 2006
City: North Brunswick
State: Garden State
Country: United States
Posts: 3,279
Referrals: 0
Nandshyam Reputation Level is 2 (Very Good Poster)
Default Re: How about Buying a Property in USA now?

Don't do the same mistake, they did in 1997. Yep it looks cheap.. but the market is going in recession and its not yet started. Rebound will take more than 4-5 years they say... So THINK !!! its your money
__________________
Nandhu
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 7th October 2008, 10:55 AM
Silver ILite
 
Join Date: Sep 2008
City: ***
State: ***
Country: United States
Posts: 908
Referrals: 0
pavarun Reputation level is 1 (Good Poster)
Default Re: How about Buying a Property in USA now?

Depends on a variety of factors. As Nandu indicated, it may take a while for the housing market to rebound. So if you are prepared to ride it out then yes, it is a good time to buy. Please also take into consideration your own situation like employment, monthly income, savings etc. In the event of a job loss do you have the savings necessary to pay mortgage for a set period of time while you look for another job? (These are things that people should think about anytime they buy a home, not just in a recessionary period). The flexibility with renting is that you are much more portable. You can break your lease and ca go, if it comes to the worst. With a house, you have to put it up for sale or rent it out... These are all things that you need to weigh.


Quote:
Originally Posted by Boo View Post
Friends,
Is it a good time to buy properties at this time? Real estate is down and the properties are available in cheap rate.
Thanks,
Kanmani
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 15th October 2008, 06:19 AM
Sabitha_K's Avatar
Gold ILite
Private Message User
Local Champion
 
Join Date: Jul 2008
City: London
State: London
Country: United Kingdom
Posts: 1,185
Referrals: 0
Sabitha_K Reputation Level is 2 (Very Good Poster)
Default Re: How about Buying a Property in USA now?

Also consider the factor that it is more difficult to procure a loan now and the initial deposit one needs to pay has been increased to 20% from as low as 5% [ in UK ]
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 15th October 2008, 05:28 PM
mitsviki's Avatar
Junior ILite
 
Join Date: May 2008
City: cypress
State: caribean
Country: United Kingdom
Posts: 190
Referrals: 1
mitsviki Reputation Level is 0 (Yet to Receive Reputation)
Default Re: How about Buying a Property in USA now?

I think so too. My friend bought almost bought a house last week and found out she lost her job this week.
Not to discourage you .Just be careful!
__________________
thanks
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply Post New Thread

Bookmarks

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying property ??? Shanvy Housing 18 5th July 2009 10:28 PM
property tax Shanvy Housing 1 26th April 2009 12:15 AM
EC-is it enough to know about the property Shanvy Housing 11 3rd August 2008 12:50 PM

Powered by vBadvanced CMPS v3.2.1

All times are GMT -5. The time now is 02:53 AM.