PD_Dec2002
05-29 04:07 PM
Posting this since almost every thread has the question about the cut-off date after which all LCs or I-140s will be invalidated.
http://www.ilw.com/articles/2007,0530-endelman.shtm
Excerpt from "http://www.ilw.com/articles/2007,0530-endelman.shtm" posted earlier, the cutoff date is May 15, 2007; NOT May 21 2007. (Thanks to "cnag" for finding this link).
... ...
Wait, there is more! The end of employer-sponsored immigration and the inauguration of the points system do not take place at the same time. No kidding, there are two different dates when the old is no good and the new becomes available. If you can contain your excitement and read the finer points of Section 502(d)(1) of S. 1348, you will discover that the point system does not take effect until the first day of the fiscal year following enactment, unless (and there always is one) this is less than 270 days. What then? Not to fear. In that case, the point system does not "go live" until the first day of the FOLLOWING fiscal year. Keep reading! The point system in clause (1) is made expressly subject to clause (2) which has few surprises in store. It is not for the uninitiated or the faint of heart. These tender souls should protect their blood pressure and keep on reading. Pursuant to Section 502(d)(2), only those employment-based immigrant petitions on Form I-140 filed before the introduction of S. 1348 on May 15th will remain valid and serve as the basis for an immigrant visa after enactment. So what, you say? Well, suppose that President Bush signs the bill on September 10th 2007. That is the date of enactment. Now, the points system waits until October 1, 2008, the first day of the second fiscal year following enactment. From September 10, 2007 until October 1, 2008, over one year, we will have no employment-based green cards! You heard me right friend, no employer sponsorship based on anything after May 15th 2007 and no points system. This is Pat Buchanan's dream come true- an entire fiscal year without any green cards being issued on the basis of employment!
... ...
Thanks,
Jayant
http://www.ilw.com/articles/2007,0530-endelman.shtm
http://www.ilw.com/articles/2007,0530-endelman.shtm
Excerpt from "http://www.ilw.com/articles/2007,0530-endelman.shtm" posted earlier, the cutoff date is May 15, 2007; NOT May 21 2007. (Thanks to "cnag" for finding this link).
... ...
Wait, there is more! The end of employer-sponsored immigration and the inauguration of the points system do not take place at the same time. No kidding, there are two different dates when the old is no good and the new becomes available. If you can contain your excitement and read the finer points of Section 502(d)(1) of S. 1348, you will discover that the point system does not take effect until the first day of the fiscal year following enactment, unless (and there always is one) this is less than 270 days. What then? Not to fear. In that case, the point system does not "go live" until the first day of the FOLLOWING fiscal year. Keep reading! The point system in clause (1) is made expressly subject to clause (2) which has few surprises in store. It is not for the uninitiated or the faint of heart. These tender souls should protect their blood pressure and keep on reading. Pursuant to Section 502(d)(2), only those employment-based immigrant petitions on Form I-140 filed before the introduction of S. 1348 on May 15th will remain valid and serve as the basis for an immigrant visa after enactment. So what, you say? Well, suppose that President Bush signs the bill on September 10th 2007. That is the date of enactment. Now, the points system waits until October 1, 2008, the first day of the second fiscal year following enactment. From September 10, 2007 until October 1, 2008, over one year, we will have no employment-based green cards! You heard me right friend, no employer sponsorship based on anything after May 15th 2007 and no points system. This is Pat Buchanan's dream come true- an entire fiscal year without any green cards being issued on the basis of employment!
... ...
Thanks,
Jayant
http://www.ilw.com/articles/2007,0530-endelman.shtm
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mallu
03-07 08:34 PM
http://immigration-information.com/forums/showpost.php?p=14423&postcount=146
coloniel60
08-15 03:26 PM
I have just called USCIS and spoke to very good and friendly lady IO. She has told me that in case if our applications is rejected for any reason due to lack of intial evidence,less amount of check or any other reason they will send a notice for re-submittal of application.
Yeah right! We should start a poll to see how many believe this.
Yeah right! We should start a poll to see how many believe this.
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Saburi
02-12 04:56 PM
As you said I 485 filed + 180 days. So you are out of danger.
1. You can check if your I 140 was revoked using your LIN number for I 140 if you have one
2. To safely use AC21, find out your job title, job description and salary mentioned while filing your I 485
3. Your I 140 should be approved
4. then you can use AC21 with H1B transfer or with your EAD. I would advice to use AC21
5. your sponsoring H1B employer should mention the same job title and job duties as it is mentioned in EVL (employment letter) while filing your 485
6. If you have hired an attorney he would then send a AC21 letter(just a formal letter) with your new offer letter, with your 485 receipt number and 140 number (if you have).
That should take care about your AC21.
Good luck.
Thanks a lot bro
LIN # is that the Reciept Number for I 140 if yes then the online status on that says "Application Type: I140, IMMIGRANT PETITION FOR ALIEN WORKER
Current Status: Approval notice sent.
On July 26, 2006, we mailed you a notice that we have approved this I140 IMMIGRANT PETITION FOR ALIEN WORKER. Please follow any instructions on the notice. If you move before you receive the notice, call customer service.
"
but this got a soft LUD on 12/30/2007 but the message is the same as it was ever.
which is also a Answer to your Question 3.
But the only thing is my lawyer did not file any job offer letter while appling for my I 485 as i did not had any as i did mentioned we had a disagreement and the employer is not willing to give me any letter.
but my current employer is a best person to work with and he is ready to help me at any extend he will not mind doing anything which will help me getting my green card.
Please advice if this could be an issue not having the employer letter while filling the I 485.
Thanks
1. You can check if your I 140 was revoked using your LIN number for I 140 if you have one
2. To safely use AC21, find out your job title, job description and salary mentioned while filing your I 485
3. Your I 140 should be approved
4. then you can use AC21 with H1B transfer or with your EAD. I would advice to use AC21
5. your sponsoring H1B employer should mention the same job title and job duties as it is mentioned in EVL (employment letter) while filing your 485
6. If you have hired an attorney he would then send a AC21 letter(just a formal letter) with your new offer letter, with your 485 receipt number and 140 number (if you have).
That should take care about your AC21.
Good luck.
Thanks a lot bro
LIN # is that the Reciept Number for I 140 if yes then the online status on that says "Application Type: I140, IMMIGRANT PETITION FOR ALIEN WORKER
Current Status: Approval notice sent.
On July 26, 2006, we mailed you a notice that we have approved this I140 IMMIGRANT PETITION FOR ALIEN WORKER. Please follow any instructions on the notice. If you move before you receive the notice, call customer service.
"
but this got a soft LUD on 12/30/2007 but the message is the same as it was ever.
which is also a Answer to your Question 3.
But the only thing is my lawyer did not file any job offer letter while appling for my I 485 as i did not had any as i did mentioned we had a disagreement and the employer is not willing to give me any letter.
but my current employer is a best person to work with and he is ready to help me at any extend he will not mind doing anything which will help me getting my green card.
Please advice if this could be an issue not having the employer letter while filling the I 485.
Thanks
more...
dingudi
11-10 12:45 PM
So there seem to be lot more people from July filer category than I thought who have not received FP notice.
My Info
485 July2nd , ND sept 10,2007
No FP
opened SR on Oct 8,2007
No use of SR until today.
My Info
485 July2nd , ND sept 10,2007
No FP
opened SR on Oct 8,2007
No use of SR until today.
jungalee43
02-16 05:30 PM
Mr. Murali Bashyam
To contact Murali Bashyam, please call 919-833-0840 (Ext 28) or send an email to mbashyam@bashyamspiro.com.
I met Mr. Murali in a seminar arranged by IAFPE in Raleigh, NC. (I had some role in arranging the event.) He gave me his business card in the event and we shook hands.
After a few months Raleigh News and Observer reporter Karen Reeves contacted Mr. Murali for a story on EB immigration problems and he directed this reporter to me through IAFPE. And then I directed Karen to IV.
More than one year passed after this event and I changed employer. I was not sure about the letter that I had written to USCIS about employer change and I called Murali's office and got his appointment.
This was after the fact of changing employers. Murali went through the documents and told me not to worry and I most probably would recieve an RFE. That I did. He did not charge me a penny.
Then in last one year I really went through trauma of two RFEs and complete insensitivity and arrogance of my company's lawyer. I wrote e-mail to Murali three times in last one year and everytime he got back to me in one business day. All this at no charge at all.
I owe Murali a lot for his moral support and legal advice to me from time to time.
To contact Murali Bashyam, please call 919-833-0840 (Ext 28) or send an email to mbashyam@bashyamspiro.com.
I met Mr. Murali in a seminar arranged by IAFPE in Raleigh, NC. (I had some role in arranging the event.) He gave me his business card in the event and we shook hands.
After a few months Raleigh News and Observer reporter Karen Reeves contacted Mr. Murali for a story on EB immigration problems and he directed this reporter to me through IAFPE. And then I directed Karen to IV.
More than one year passed after this event and I changed employer. I was not sure about the letter that I had written to USCIS about employer change and I called Murali's office and got his appointment.
This was after the fact of changing employers. Murali went through the documents and told me not to worry and I most probably would recieve an RFE. That I did. He did not charge me a penny.
Then in last one year I really went through trauma of two RFEs and complete insensitivity and arrogance of my company's lawyer. I wrote e-mail to Murali three times in last one year and everytime he got back to me in one business day. All this at no charge at all.
I owe Murali a lot for his moral support and legal advice to me from time to time.
more...
fearonlygod
02-12 01:54 AM
thanks mhtanim....
It seems that i can file tax using form 4852....but to do if he send legal notice claiming that i have made losses to him worth 25 K....i had good relation with client , gave app notice and also have refe letter from client (received award form client)..........so there shud be no point for liquidation thing and also i have all previous employers emails acepting my receignation and notice period...
It seems that i can file tax using form 4852....but to do if he send legal notice claiming that i have made losses to him worth 25 K....i had good relation with client , gave app notice and also have refe letter from client (received award form client)..........so there shud be no point for liquidation thing and also i have all previous employers emails acepting my receignation and notice period...
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GCwaitforever
12-26 11:30 PM
My take on it is that more jobs will be outsourced and only few core people important for a business will retain the jobs and also the salary hikes. This is assuming that offshoring companies mature over the period of time and move up in the service chain in terms of value of services they provide. The current trend is towards translating business requirements here and getting the programming done through some offshoring entity. The preferred vendors are benefiting enormously and so are the companies outsourcing. From a business point of view, technology is an enabler for competitve advantage. So critical and complex projects will still be done here through few core people.
I believe we can survive quite well in the global economy. I am more worried about future of American kids and the education system here. Unless they prepare well for the global economy, America will be in rude shock. Bush is not helping either, dumping the money on wars and creating boats load of debt burden for future generations.
I believe we can survive quite well in the global economy. I am more worried about future of American kids and the education system here. Unless they prepare well for the global economy, America will be in rude shock. Bush is not helping either, dumping the money on wars and creating boats load of debt burden for future generations.
more...
bidhanc
12-22 02:59 PM
Hi,
I sent my application on 29th Sept 2010 and have not heard anything yet.
Most of the times I can't get hold of anyone and when I do they keep saying that they are not ready yet! That's very helpful!
God forbid if I have to leave the country due to any emergency, what the heck will I do then?
Sorry didn't want to bore you with this, but what or who did you contact at the embassy?
I can't get hold of anyone at all?
It would be very helpful.
Thanks
NY consulate is even worst than others. After a month of trying to reach them regarding my passport application, they told me they never received my application nor my passport. I had to sent them shipping tracking info and eventually they found my application sitting in a drawer. Never bother to opened it till than. I had to go through some higher level rank person to get my case resolved. The customer rep. phone is always busy, never able to get a hold.. I don't have to visit them for next 10 years,,,, thank GOD..
I sent my application on 29th Sept 2010 and have not heard anything yet.
Most of the times I can't get hold of anyone and when I do they keep saying that they are not ready yet! That's very helpful!
God forbid if I have to leave the country due to any emergency, what the heck will I do then?
Sorry didn't want to bore you with this, but what or who did you contact at the embassy?
I can't get hold of anyone at all?
It would be very helpful.
Thanks
NY consulate is even worst than others. After a month of trying to reach them regarding my passport application, they told me they never received my application nor my passport. I had to sent them shipping tracking info and eventually they found my application sitting in a drawer. Never bother to opened it till than. I had to go through some higher level rank person to get my case resolved. The customer rep. phone is always busy, never able to get a hold.. I don't have to visit them for next 10 years,,,, thank GOD..
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ursosweet
07-19 01:58 PM
my sincere advice to you, being a physician myself.
TB test needs min of 48 hrs to be read and if positive, you HAVE to do a chest x-ray. the immunizations are ok.
get her here on the next flight and get the medical done nxt week.
i had my medical on june 26 and i had to literaaly storm the office of the doctor to get my report done, and i mailed to my attorney......oh i can never forget that day!! it was a race against time. and am glad its over.
good luk
TB test needs min of 48 hrs to be read and if positive, you HAVE to do a chest x-ray. the immunizations are ok.
get her here on the next flight and get the medical done nxt week.
i had my medical on june 26 and i had to literaaly storm the office of the doctor to get my report done, and i mailed to my attorney......oh i can never forget that day!! it was a race against time. and am glad its over.
good luk
more...
Macaca
09-19 06:03 PM
Actually, the numbersusa website makes mention of SA 2143 (John Cornyn) of HR 1585,(currently being debated) which according to them allows for recapture of unused EB visas from 1996 and 1997.
Dont know if it is true or not, they are encouraging their folks to lobby against it.
Anti-Immigration Group Channels Celebrities (http://immigrationvoice.org/forum/showpost.php?p=169529&postcount=1103) By Susan Davis | Wall Street Journal Blog, September 19, 2007
Dont know if it is true or not, they are encouraging their folks to lobby against it.
Anti-Immigration Group Channels Celebrities (http://immigrationvoice.org/forum/showpost.php?p=169529&postcount=1103) By Susan Davis | Wall Street Journal Blog, September 19, 2007
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paskal
08-24 01:16 PM
I see everyone firing at each other (junior members, members, senior members, moderators and super administrators).
Here are my two cents to keep yourself calm, composed and dignified
1) Empathy will win friends and support
2) Sympathy you will have only when someone is humble and meek
3) If you lack both the society will ignore you
PS: In a fight the weak always get support, the big and strong are on their own. if they lose no one to cheer them up nor comforts.
Ladies and Gentlemen, you are the only one who can make your choice.
personally i would close this thread if i did not feel it was unfair to the orginal poster.... there has been lack of civility from everyside. One rude poster, against whom there were several complaints. but even after he departed, iv bashing continued, and the pretexts are amazing. "it's an open forum" sure it is "no one should ask for contributions" really? what's an open forum? i believe the rudeness of the requests hurts our cause, but he is member like everyone else and can ask people to contribute if he wants- albeit without personal attacks which are against the forum guidelines.
btw there is a difference too between just contributing money and contributing in general. but one takes money the other takes effort and no one can apparently spare either!
there are 22,000 + members. everyone needs to understand that such a forum has all kinds of people and responses. grow up people, have a thicker skin and deal with it. no moderators or the forum has "abused" you. further it amazes me to hear that regulars who spend a ton of time on tracking threads claim to not know the organizations goals (on the front page!!) and want the core team to come explain. if the core team spent time trolling tracking threads to do that and police every piece of rude talk there would not be a forum. because...the forum only exists as part of a grassroots organization that is fighting retrogression. after the flower campaign and san jose rally, after july 17, if you are still "waiting" to be convinced, well congress is not waiting, the election cycle is not waiting and certainly retrogression is not. so maybe...if we fail...let's all wait...till 2013 as the democrat leader says...for any reform...will that be enough time to convince people living in NJ to ride up to DC and stand up for themseves?
Here are my two cents to keep yourself calm, composed and dignified
1) Empathy will win friends and support
2) Sympathy you will have only when someone is humble and meek
3) If you lack both the society will ignore you
PS: In a fight the weak always get support, the big and strong are on their own. if they lose no one to cheer them up nor comforts.
Ladies and Gentlemen, you are the only one who can make your choice.
personally i would close this thread if i did not feel it was unfair to the orginal poster.... there has been lack of civility from everyside. One rude poster, against whom there were several complaints. but even after he departed, iv bashing continued, and the pretexts are amazing. "it's an open forum" sure it is "no one should ask for contributions" really? what's an open forum? i believe the rudeness of the requests hurts our cause, but he is member like everyone else and can ask people to contribute if he wants- albeit without personal attacks which are against the forum guidelines.
btw there is a difference too between just contributing money and contributing in general. but one takes money the other takes effort and no one can apparently spare either!
there are 22,000 + members. everyone needs to understand that such a forum has all kinds of people and responses. grow up people, have a thicker skin and deal with it. no moderators or the forum has "abused" you. further it amazes me to hear that regulars who spend a ton of time on tracking threads claim to not know the organizations goals (on the front page!!) and want the core team to come explain. if the core team spent time trolling tracking threads to do that and police every piece of rude talk there would not be a forum. because...the forum only exists as part of a grassroots organization that is fighting retrogression. after the flower campaign and san jose rally, after july 17, if you are still "waiting" to be convinced, well congress is not waiting, the election cycle is not waiting and certainly retrogression is not. so maybe...if we fail...let's all wait...till 2013 as the democrat leader says...for any reform...will that be enough time to convince people living in NJ to ride up to DC and stand up for themseves?
more...
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sravani
05-22 04:33 PM
This date is for those people who try to ebcome illegal ( like us , now we are thinkign to become one). Now you cant become illegal becos of this cut off date.
:) We should find out a way to convince them we worked illegally for cash before Jan 1, 2007. Some one suggested before if we can find another H1B provide an affidavit that he/she did some lawn work at the house both of them will become eligible for the mighty 'Z' visa :D
:) We should find out a way to convince them we worked illegally for cash before Jan 1, 2007. Some one suggested before if we can find another H1B provide an affidavit that he/she did some lawn work at the house both of them will become eligible for the mighty 'Z' visa :D
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Macaca
09-03 09:57 AM
Even Workers in U.S. Illegally Pay Tax Man, By Miriam Jordan | WALL STREET JOURNAL, April 4, 2007
From Confiscating Contributions (http://www.nilc.org/immlawpolicy/CIR/socialsecurity_confcontrib_2007-05-01_iru.pdf) By JONATHAN BLAZER | Public Benefits Policy Attorney and JOSH BERNSTEIN | Director of Federal Policy, May 10, 2007
Peter Goss, Social Security’s Chief Actuary, has estimated that three quarters of undocumented immigrants pay payroll taxes. This generates $6 to $7 billion per year in Social Security tax revenue and $1.5 billion in Medicare taxes.
According to the U.S. Internal Revenue Service, undocumented noncitizens paid almost $50 billion in federal taxes from 1996 to 2003. Recent reports from across the country indicate that during the 2007 tax season, record numbers of undocumented people filed tax returns.
As IRS Commissioner Mark Everson, a former immigration official, stated in testimony before Congress last year, “If someone is working without authorization in this country, he or she is not absolved of tax liability.” In a more recent speech to the National Press Club, Everson added, “We want your money whether you are here legally or not and whether you earned it legally or not.”
Tax returns rise for immigrants in U.S. Illegally (http://www.nytimes.com/2007/04/16/nyregion/16immig.html?_r=1&oref=slogin) By Nina Bernstein | New York Times, Aprol 2006 2006
Illegal Immigrants are bolstering Social Security with Billions (http://www.nytimes.com/2005/04/05/business/05immigration.html) By Educardo Porter | New York Times, April 5 2005
From Confiscating Contributions (http://www.nilc.org/immlawpolicy/CIR/socialsecurity_confcontrib_2007-05-01_iru.pdf) By JONATHAN BLAZER | Public Benefits Policy Attorney and JOSH BERNSTEIN | Director of Federal Policy, May 10, 2007
Peter Goss, Social Security’s Chief Actuary, has estimated that three quarters of undocumented immigrants pay payroll taxes. This generates $6 to $7 billion per year in Social Security tax revenue and $1.5 billion in Medicare taxes.
According to the U.S. Internal Revenue Service, undocumented noncitizens paid almost $50 billion in federal taxes from 1996 to 2003. Recent reports from across the country indicate that during the 2007 tax season, record numbers of undocumented people filed tax returns.
As IRS Commissioner Mark Everson, a former immigration official, stated in testimony before Congress last year, “If someone is working without authorization in this country, he or she is not absolved of tax liability.” In a more recent speech to the National Press Club, Everson added, “We want your money whether you are here legally or not and whether you earned it legally or not.”
Tax returns rise for immigrants in U.S. Illegally (http://www.nytimes.com/2007/04/16/nyregion/16immig.html?_r=1&oref=slogin) By Nina Bernstein | New York Times, Aprol 2006 2006
Illegal Immigrants are bolstering Social Security with Billions (http://www.nytimes.com/2005/04/05/business/05immigration.html) By Educardo Porter | New York Times, April 5 2005
more...
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Madhuri
07-24 02:23 PM
Here's update on my cases
Self e-filed: May 30, 2008
FP: Jun 25, 2008
Card prod ordered: July 23, 2008
EB3-I / PD: Mar 2006 / I-485 - RD: Jul 2007
Will post about duration as soon as I get the cards in hand.
Self e-filed: May 30, 2008
FP: Jun 25, 2008
Card prod ordered: July 23, 2008
EB3-I / PD: Mar 2006 / I-485 - RD: Jul 2007
Will post about duration as soon as I get the cards in hand.
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looivy
05-31 03:34 PM
While you are at it, also say "No" to birthright citizenship act HR1868.
more...
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deardar
07-02 03:19 PM
close to $500 excluding lawyers fees( i dont know how much company paid) .But the sad thing is I made my aged parents and in-laws run for affidavits /scanning etc in heavy rains .
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hiralal
06-18 08:24 PM
the best way to get more support is to be more inclusive .... what I mean is 1) either we have a parallel campaign for those who are on EAD's only 2) add EAD issue to this campaign too.
------------ on a side note, I wonder what the effect would be if we were to have a campaign saying that we may end up walking away from our homes (jingle keys) because of visa delays / denials ??
btw ..it is still not late to link immigration delays to housing ..see the latest article below from Reuters
... by demand it means new buyers and immigrants are big part of that !!
------------
Housing Sales Lackluster This Spring: Coldwell
This year's peak home-buying season was lackluster, as buyers seeking to trade up to larger houses were absent, said the head of one of the country's largest real estate firms.
Jim Gillespie, president and chief executive of Coldwell Banker Real Estate, in an interview with Reuters, said sales were only modest during the spring, with demand overwhelmingly dominated by first-time home buyers and investors.
AP
"The more important 'move-up' buyers were absent and that is not encouraging," said Gillespie, who is based in Parsippany, New Jersey.
Move-up buyers are those seeking to trade in their current home for a larger one, and Gillespie said that group is important for sustaining a healthy real estate market.
Because of the sharp decline in housing prices and the collapse in consumer demand, homeowners are having difficulty selling their current homes to move up to pricier properties.
"They are key to a U.S. housing market recovery," he said. Gillespie said some of this lack of demand could be alleviated through more incentives. He recently met with U.S.
Congressional leaders to discuss housing, and said he supports a bill currently in the Senate calling for a $15,000 tax credit for all buyers of primary residences, with no income limit, for a period of 12 months.
The current $8,000 tax credit, first passed in February as part of a $787 billion fiscal stimulus plan, is limited to first-time home buyers and expires at the end of November. The proposed plan would expand eligibility to all home buyers and increase the credit to $15,000.
The U.S. housing market is in the midst of its worst downturn since the Great Depression. Home prices have been falling since peaking in the second quarter of 2006, and the Obama Administration has tried various measures to restore that market through tax benefits and temporary halts to foreclosures.
"Congress is focusing on the foreclosure problem, which is a good thing, but they need to focus more on the demand side," he said. Gillespie said market realities have come to bear as well.
"Many people got spoiled by mortgage rates at 5 percent and below," he said. "When the mortgage rate rose above 5 percent, it spooked many buyers who were already hesitant," he said.
------------ on a side note, I wonder what the effect would be if we were to have a campaign saying that we may end up walking away from our homes (jingle keys) because of visa delays / denials ??
btw ..it is still not late to link immigration delays to housing ..see the latest article below from Reuters
... by demand it means new buyers and immigrants are big part of that !!
------------
Housing Sales Lackluster This Spring: Coldwell
This year's peak home-buying season was lackluster, as buyers seeking to trade up to larger houses were absent, said the head of one of the country's largest real estate firms.
Jim Gillespie, president and chief executive of Coldwell Banker Real Estate, in an interview with Reuters, said sales were only modest during the spring, with demand overwhelmingly dominated by first-time home buyers and investors.
AP
"The more important 'move-up' buyers were absent and that is not encouraging," said Gillespie, who is based in Parsippany, New Jersey.
Move-up buyers are those seeking to trade in their current home for a larger one, and Gillespie said that group is important for sustaining a healthy real estate market.
Because of the sharp decline in housing prices and the collapse in consumer demand, homeowners are having difficulty selling their current homes to move up to pricier properties.
"They are key to a U.S. housing market recovery," he said. Gillespie said some of this lack of demand could be alleviated through more incentives. He recently met with U.S.
Congressional leaders to discuss housing, and said he supports a bill currently in the Senate calling for a $15,000 tax credit for all buyers of primary residences, with no income limit, for a period of 12 months.
The current $8,000 tax credit, first passed in February as part of a $787 billion fiscal stimulus plan, is limited to first-time home buyers and expires at the end of November. The proposed plan would expand eligibility to all home buyers and increase the credit to $15,000.
The U.S. housing market is in the midst of its worst downturn since the Great Depression. Home prices have been falling since peaking in the second quarter of 2006, and the Obama Administration has tried various measures to restore that market through tax benefits and temporary halts to foreclosures.
"Congress is focusing on the foreclosure problem, which is a good thing, but they need to focus more on the demand side," he said. Gillespie said market realities have come to bear as well.
"Many people got spoiled by mortgage rates at 5 percent and below," he said. "When the mortgage rate rose above 5 percent, it spooked many buyers who were already hesitant," he said.
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illinois_alum
07-24 02:33 PM
Self E-Filed for wife on June 24'08
FP: July 16'08
No word on approval yet!
PD: Feb 18 '06
I-140 Approved June '06
I-485 Filed July '07
FP: July 16'08
No word on approval yet!
PD: Feb 18 '06
I-140 Approved June '06
I-485 Filed July '07
pady
08-20 03:57 PM
It's a desi company. I was under the impression that my 485 was filed and the lawyer is not willing to talk to me as well. Somehow I found out this yesterday.
VSS2007
06-26 04:12 PM
Could you please send to me also?
Send you a PM also.
Send you a PM also.
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