H-1B Crackdown on Indian Workers Erodes a Texas Real Estate Boom

littlexsparkee

https://archive.ph/IXFiP link to the 9-min vid: https://www.bloomberg.com/media-manifest/embed/asset/iframe?...

ungreased0675

This is definitely a matter of perspective. How do non-tech young professionals feel about this, given the huge jumps in home prices over the last few years? Probably pretty happy. How do people in the construction industry feel, sitting on unsold inventory? It could be really bad for some of them. How do I feel? It’s really hard to be sympathetic to people living in million dollar houses. If they leave the country maybe I can get one of those jobs in Denton.

sometimes_all

The extreme steps some of the people took according to the article is really sad. But it makes me wonder what they were thinking? I left the US a long time ago after only a few years of work because I felt it didn't make sense that it should take me decades to get the right to live stress-free in the country (or marry an American or somehow hack through for an O1 visa) even if I did everything right and more, but only two months to get a new job in case I lost my previous one, or pack up and leave. Why would I make a major financial/life decision that keeps me rooted to the US with this in mind? And this is not a recent happening; this imbalance has been going on for many years now, across different federal administrations. Yes, you earn a lot more in the US, and the QoL is better. But the risk-reward ratio has been steadily declining for Indians, probably for decades, to the point where it's probably underwater. I can definitely empathize, but it's a bit difficult to back anyone who bought a house in such scenarios without at least a green card or a solid exit plan in mind.