patrick.net

KgK one says

Even Indian people here prefer less h1, as jobs are not available easily.

That makes sense.

Legal Hispanics in the US are also opposed to illegals who take their jobs and drive down their wages.

Booger says

Dude, I just posted that here https://patrick.net/comment?comment_id=2209004

H1-B distribution:

For housing hunters!

You may see opportunity. Inflow of houses, condos for sale with liquidation prices. Rental vacances will follow.

MolotovCocktail says

SUMMARY OF H-1B EXECUTIVE ORDER

- ENTRY BAN: No H-1B visa holder may enter the United States beginning Sunday September 21st, including current visa holders, unles they pay $100K to enter.

- VISA FEE: New H-1B and H-1B extensions must pay 100K to be processed and 100K per year every year thereafter to maintain them.

This will effectively end the H-1B program completely. No one, even the highest paid at 500K will be paying an extra 100K a year to the government.

3.5 million tech jobs openings on Monday polish your resume this weekend!

This is the Trump we want to see. Anything to stop Indians from immigrating to the West

The absolutely worst group of people to live around outside of African Americans.

Do you think India knows by now that every country very much dislikes them?

https://www.reddit.com/r/h1b/comments/1nm4rgd/you_dont_understand_the_enormity_of_this/

Scrolling down this is better than getting a BJ.

For now, at least.

Without Indian H1Bs who will crash our trucks?

There’s not a single country in the world that would vote to increase Indian immigration if you put that question directly to the people via referendum

not. one.

Booger says

There’s not a single country in the world that would vote to increase Indian immigration if you put that question directly to the people via referendum

not. one.

That's why with the exception of the Swiss, they don't get such votes brought to the Peeps.

I am seeing Canadians on X posting, "Good! We'll take them!" which is bullshit.

Booger says

What's this?

MolotovCocktail says

Booger says

What's this?

Wikipedia parody.

Booger says

https://www.reddit.com/r/h1b/comments/1nm4rgd/you_dont_understand_the_enormity_of_this/

@Booger The Reddit censors took that down.

Do you recall what it said?

Patrick says

Booger says

https://www.reddit.com/r/h1b/comments/1nm4rgd/you_dont_understand_the_enormity_of_this/

Booger The Reddit censors took that down.

Do you recall what it said?

No, but it was hilarious.

Fyi: https://patrick.net/comment?comment_id=2209110

@Patrick - you know the Bay Area. Am I wrong about watching Fremont R/E more closely now?

Wow! Things are getting heated out there!

I am shocked, I tell ya! SHOCKED!

Irrespective of Trump’s occasional positive and negative statements about India, I keep repeating MAGA doesn't want India to grow. They are already regretting China's growth. US very well understands IT is backbone of our economy.

MAGA, primarily white Americans hate Indians doing well in US.

They'll send back as many Indians as possible from USA. Not everyone in Indian IT is irreplaceable. Already AI is eliminating low end and entry level jobs. Big Tech is also seriously thinking about bringing high end jobs back to US and also outsource them to many other countries as they can't get a single country similar to ours for complete outsourcing.

The day is not far off IT industry in India would become unviable as Trump may tariff IT services also heavily.

It may take couple of years for these developments to play out.

Suffering of IT industry means suffering of entire urban India and white collar economy.

Be cautious with your money. For example, it may not be a right time to 'invest' in real estate.

Real estate stands on two pillars - legal money from IT professionals in India and NRIs. The other pillar is parking of black money by corrupt politicians, bureaucrats and businessmen.

If the first pillar gets affected, second too would be impacted. Demand would slow down. Money flow in economy would come down. You need good money flow in the economy for corruption too.

I'm more pessimistic about Indian economy and markets for next 3 to 5 years. I would be happy to be proven wrong. But this is how I see it now.

https://x.com/dmuthuk/status/1969262558336209011

As the globe turns, they are starting to wake up in India now. X is being flooded with them.

Rumors is that when india did retaliatory attack in pakistan, it bombed us assets unknowingly or knowingly. Us can't spreak about it without admitting it has base there. Trump started putting 50% tarriff n h1b ban etc after that.

India with hugh population will buy cheapest oil, unless trump has way to get that from other countries , india will buy from russia. Eu also buys tons from Russia, they had nodserm pipeline. Looks like Russia war is not going well and since they can't do much agaist Russia or China, they picking 3rd best option.

MolotovCocktail says

Patrick - you know the Bay Area. Am I wrong about watching Fremont R/E more closely now?

@MolotovCocktail

Fremont seems to be majority H1B. In a rational world, prices should fall dramatically there. But sometimes the world is not rational.

Patrick says

MolotovCocktail says

Patrick - you know the Bay Area. Am I wrong about watching Fremont R/E more closely now?

MolotovCocktail

Fremont seems to be majority H1B. In a rational world, prices should fall dramatically there. But sometimes the world is not rational.

I figure rents will go down first.

Also, it has been mostly overlooked but Trump also gave Rubio power to cut down on H-4s. Spouses/minor children of H1Bs. They start racking up fees for or just ending those period will send the Indians packing home. And big business can't justify fighting over those since H-4s don't contribute to their bottom line. Oh, they'll bitch but that's all.

https://www.zerohedge.com/economics/trumps-new-100000-visa-fee-could-be-devastating-indias-economy

India is the largest recipient of remittances from the US in the world (cash wired by migrants from the US back home). Without feeding on remittances from America, India loses out on over $140 billion (around 30% of their annual tax revenues). Without this cash, India's economy would implode.

Furthermore, India's rupee has hit record lows against the dollar this month. The country is highly dependent on oil imports and oil is primarily purchased with dollars. The flow of dollars from migrants in the US into India's economy is more important than ever. The loss of dollars flowing from 300,000+ Indian workers living in the US could be devastating.

Ahhhh...the panic!

Suggestions for H1Bs who are already in the US and not immediately affected by the 100K H1B fee:

You are not safe just because you don't immediately need a renewal or travel outside of US. Companies will make policies that impact all H1Bs. You are lucky as you have some time to execute the below suggestions to come out ahead, while you still can:

- Dispose of your assets in the US while there is still time. Do NOT delay this.
- Start with hard assets like houses. Dont wait to maximise the profit. US housing market can collapse any time and H1B sell off can trigger it. The first movers will get out fine. Accept the first good offer you get and move to a small rental. Sell off useless furniture.
- If your family members are dependents, send them back to India asap. Schooling can be worked out.
- Buy an apartment or plot of land in India if you don't have one already.
- Sell off expensive cars and get a used cheap car.
- Move money from US stock market and invest in Gold ETFs in India. Unlike US ETFs, Indian ETFs have equivalent physical gold. This will protect your investment from US-INR conversion volatility.
- Get out of crypto. Holding crypto while in India is going to be a regulatory hassle.
- Avoid paying for expensive tuition in the US if your kids are not US citizens or expected to be GC holders by the time they graduate. There are good private colleges in India they can go to.
- Apply for a role in GCC in India if your company as an Indian GCC or apply for roles in Dubai or Singapore or other GCCs in India.

Being stuck in the US with no path to GC and unable to change jobs or visit your family is mental torture. Don't prolong the suffering. Wisdom is knowing when to cut the losses.

Rebuild your life with confidence, happiness and prosperity outside of US. Best wishes!

Friends, RT max / tag your H1 friends. Let this message reach those in need.

https://x.com/Shiva_Uvacha/status/1969388029912760762

See the parts on bold, @Patrick

That is what I am counting on happening in Fremont, especially.

MolotovCocktail says

Indian GCC

Never heard of these before:

Global Capability Centers (GCCs) in India. India hosts over 1,800 GCCs, which are centers for research and development, innovation, and other business functions. They are established by multinational corporations to leverage India's skilled workforce, cost advantages, and technology infrastructure.

Patrick says

MolotovCocktail says

Indian GCC

Never heard of these before:

Global Capability Centers (GCCs) in India. India hosts over 1,800 GCCs, which are centers for research and development, innovation, and other business functions. They are established by multinational corporations to leverage India's skilled workforce, cost advantages, and technology infrastructure.

And those are fucked too, if the HIRE Act passes (which I admit is very iffy) unwatered down (very likely).