PainfulGC123
Registered Users (C)
Pegasus503 said:I purchased my first house when I arrived in the summer of 1999, even with my H1B only just being issued, it was an obvious financial investment. There is nothing legally wrong with buying property, and at the time my budget to rent was the same as my mortgage payment, except ownership had the chance to appreciate in value.
I sold my home back home and used the equity to assist funding the purchase, getting the mortgage wasn't difficult. Also my credit rating got better very quickly by showing I could manage a loan.
Living in Southern California the property cycle was almost predictable, I sold that home in 2003. I don't want to appear boastful, that’s not my point, and there were lots of profitable property transactions. The house I originally bought for $289k sold for $545k. I purchased my second house in 2003 and based on current sales in my street I estimate the appreciation to be some 60%.
I am a little older than many of you and over the years I have built equity and invested.
Here's my point, as of today 3 years, 8 months and 5 days have passed since my PD.
Since I arrived in 1999, my 3 year old baby twin daughters are now 10 year old young ladies and my 8 year old boy is now a high school sophomore. The whole LC and GD thing is a terrible ordeal, but I can't have my life put on hold nor have my children freeze while papers are being processed.
If all goes well eventually we will move forward, if not we will do something else. That’s not to say I don’t think the whole DoL isn’t a farce. But the evidence shows there is very little we can do about it. In recent weeks I have stopped worrying about things I can’t change.
So my advice is to live as normally as you can, and do the best that you can, let God sort everything else out. There are opportunities out there and if they are right for you then take them.
Very nice advice, Pegasus503!!