Buying House on visa

Jun 3, 2021 9 Comments

What's the reason ?
Even at exorbitant prices in seller market?
Even with so many uncertainties with Visa?
Please comments your thoughts?
Where ever i go people keep on talking about buying house and most of the reasoning barring few revolves around some of their other friends bought it, they must have done some calculations benefitting them, so now we need to buy one.
Anyone has done financial calculations if it helps in medium term or not in normal market scenario(not like current crazy market) ? Please comment.
Does benefits outweigh the extra headache and losses ?

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 TOP 9 Comments
  • A mortgage probably has lower interest rates than a credit card
    Jun 3, 2021 1
  • Uber / Eng
    uBlah

    Go to company page Uber Eng

    PRE
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     uBlah
    A house is not just an investment but also a part of one's life experience. I bought a house when my daughter was born. Being on a visa, I would never pay more than I can afford (the math would be different for everyone, but personally, I try to keep a lower debt to income ratio than what is recommended to citizens).
    Jun 3, 2021 2
    • Uber / Eng
      uBlah

      Go to company page Uber Eng

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      Facebook
       uBlah
      I forgot to add that I only bought a home after I accepted that I would like to live there for the next 10 years at least (though I had earlier planned to move on in 5 years, I am still here at the end of year 7).
      Jun 3, 2021
    • VMware
      pudee

      Go to company page VMware

      pudee
      After coming to US how long it took to buy? What price? What % of base was your emi?
      Jan 11
  • Intel / Eng
    pleb

    Go to company page Intel Eng

     pleb
    Pride. You can send pics of your house in the US to the poor plebs you left behind in your home country.
    Jun 3, 2021 0
  • Google / Eng
    ABC-CEO

    Go to company page Google Eng

     ABC-CEO
    People will leverage to the max if the bank let them.
    Jun 3, 2021 0
  • Google
    KUdL06

    Go to company page Google

    KUdL06
    If you and your spouse both have an approved I140s, you are relatively safe.
    Jun 4, 2021 0