US Economy stabilizing

[roxstar]

Seems to me that the US economy is certainly a lot more stable than same time last year and the job market is showing some signs of life. I know folks who were all gung-ho about R2I late last year but now are reconsidering their plans.

One of them got a promotion here in the US and has deferred plans to leave the other, thinks he sees a career path in the short term here. Long term he sees himself in India, not sure exactly what that means.

The other was facing career issues and layoff but now his company is more stable and he too has deferred plans to leave and complete his GC process before he took off in a couple of years. Wants to accumalate some more $$$ before the switch to India.

I know most want to leave for reasons other than career and money but I also know that the economic woes of the recent past were catalysts in R2I decisions.

So if the US economy continues to stabilize and starts brewing opportunities again, is it likely to affect your R2I plans?

[BombayDuck]

Not affecting my plans. My R2I reasons had nothing to do with job instability.

The current US economy is like silicon implants. All Artificial. Not a free market anymore. Not true growth. If I cannot take out a home equity for my home by quoting its expected value in 20 years, why are banks allowed to show that in their books? Plus, no incentive for hard work. You work hard to pay for your neighbor's luxuries he cannot afford. No mortgage refinancing or modifying terms for those making regular payments. For the defaulters, its not the loans that need modifications anyways, its their lifestyle. Welcome to United Socialist America.

[bhavan]

[QUOTE
So if the US economy continues to stabilize and starts brewing opportunities again, is it likely to affect your R2I plans?

Yes.

[nshahR2I]

You work hard to pay for your neighbor's luxuries he cannot afford. No mortgage refinancing or modifying terms for those making regular payments. For the defaulters, its not the loans that need modifications anyways, its their lifestyle. Welcome to United Socialist America.

It is getting costlier for being successful in this country.

[hope4best]

It's unfortunate that things in this country are always one extreme - either too much capitalism or too much socialism . I hope people elect leaders who pursue moderate policies.

[back2desh]

My plan is not changing either! You work hard, pay your mortgage promptly and regularly, no incentives given, however default on your mortgage payments/loan and you will have lot of options to come out of debt. My neighbor was living in luxury (good furnitures, expensive cars etc...) and recently his house was on foreclosure, but he seems more happy and comfortable than us working hard day/night to ensure job is safe and pay mortgage and all other bills promptly! I feel that going by this way there will be more foreclosures and people filing for bankruptcy. Absolutely no incentives for hard working people. Things were different 10-15 years ago.

Not affecting my plans. My R2I reasons had nothing to do with job instability.

The current US economy is like silicon implants. All Artificial. Not a free market anymore. Not true growth. If I cannot take out a home equity for my home by quoting its expected value in 20 years, why are banks allowed to show that in their books? Plus, no incentive for hard work. You work hard to pay for your neighbor's luxuries he cannot afford. No mortgage refinancing or modifying terms for those making regular payments. For the defaulters, its not the loans that need modifications anyways, its their lifestyle. Welcome to United Socialist America.

[roxstar]

Granted. We all bore the brunt of the mortgage crisis and there has been little incentive to be following the rules of timely mortgage payments. But how is it different than India where a single politician or some scamster comes and robs people of crores and crores. I would think that there are fewer incentives for hard working people in India given all the blatant corruption there.

[returning_indian]

My plan is not changing either! You work hard, pay your mortgage promptly and regularly, no incentives given, however default on your mortgage payments/loan and you will have lot of options to come out of debt. My neighbor was living in luxury (good furnitures, expensive cars etc...) and recently his house was on foreclosure, but he seems more happy and comfortable than us working hard day/night to ensure job is safe and pay mortgage and all other bills promptly! I feel that going by this way there will be more foreclosures and people filing for bankruptcy. Absolutely no incentives for hard working people. Things were different 10-15 years ago.

Grass is always greener on the other side. Ask him the interest rate when he goes to buy a house (car etc) again, if at all he qualifies. Did you expect any incentive from bank for paying your mortgage timely when you bought a house earlier? How were things different 10-15 yrs ago?

[returning_indian]

Not affecting my plans. My R2I reasons had nothing to do with job instability.

The current US economy is like silicon implants. All Artificial. Not a free market anymore. Not true growth. If I cannot take out a home equity for my home by quoting its expected value in 20 years, why are banks allowed to show that in their books? Plus, no incentive for hard work. You work hard to pay for your neighbor's luxuries he cannot afford. No mortgage refinancing or modifying terms for those making regular payments. For the defaulters, its not the loans that need modifications anyways, its their lifestyle. Welcome to United Socialist America.

Rhetoric if you ask me. Quit listening to fox/Rush/Beck, they are making lot of money from listeners. Barring immigration limbo, this country still offers best opportunities and pays for smart working people.

[bhavan]

Rhetoric if you ask me. Quit listening to fox/Rush/Beck, they are making lot of money from listeners. Barring immigration limbo, this country still offers best opportunities and pays for smart working people.

Yep I second that.