1. This post is not about criticizing or supporting the immigration policy. So please keep that discussion off this. This is purely about individual choices given the current policy and environment.
2. Yes, I am an Indian and looking to "do the needful". So you don't have to ask the standard troll questions. If there are other insults or disparaging stereotypes you would like to throw at me, I'll gladly include them here, if it makes the trolls go away so the discussion can stay on topic.
I am trying to decide between staying in the US versus returning to India. I was kind of gong through the +1 syndrome/phenomenon, but the recent H1B extension thing has given me a pause. I think I should make the call on whether I want to stay or go back. Apart from other (family, parents back home) concerns, which I'm dealing with, I would like advice about finance/life style.
I've about 1M in savings, thanks to FB's stock price. I have not bought a house yet. My kids are not born in the US and adding that to the recent H1B extension scare makes me think the only way to stay in the US is by getting a green card. Without that, there is no peace of mind. I know that is kind of a privileged statement to make, but that is my opinion. As I already mentioned in the disclaimers, this is not a criticism of the policy. This is just my perception.
I'm trying to decide whether to spend/invest 500k to get an EB5 GC, or to go back to India and use that 1M to provide me with a comfortable life, while probably working in a comfortable job (something like 30L). What would you do?
Spending a large portion of my savings on this, means I'll have to compromise on some things. I believe I will still be able to buy a house though may have to settle for something smaller than before. I think that is the essence of it. I have to make a choice between below average middle class life (average among the tech crowd in the bay area), here in the US versus above average life in India, with the all the things it includes: kids' education, traffic issues, pollution etc.
I don't yet know what kind of jobs and salary I can expect in India. I am not a manager, but an (old) engineer, so I don't know what kind of openings I have. Some friends back in India told me that it's harder to find positions as an engineer in India beyond 10+ years of experience. I haven't started exploring yet.
Are there any gotchas in EB5 process? Is there a chance of not getting a green card after putting the money in?
Is the money that you put in, effectively spent, or is it an investment that you can withdraw in x years? If I can withdraw even just the principal in a few years, it may come in handy for the kids' college. So even if it doesn't have any gains, that may be okay and I can treat it as the cost of getting the privilege of green card.
What do Blinders think?
Buying a car or a house can be a logical decision. Deciding which country to live the rest of your life in, although involves logic, can hardly be a calculated decision. You only know a fraction of the pros and cons of your options. Do what your collective hearts really want, you'll easily deal with the consequences together and live a happier life. Isn't that the only thing that matters in life?
Logically, I can't see much reason to discourage you from either option so long as you take reasonable measures to ensure it works out.