Going abroad is still overrated term?

Originally posted by: chal_phek_mat

but but but.................

a dollar still costs over 40 rupees😆

and unless you do a mass scale blood transfusion, the component in Indian blood for honoring the "Foreign Return" status is not going to go away yaar

BTW 😆 about the culture and family talk😉

Originally posted by: raj5000

😆😆😆

That was another topic on my mind, is it still about money with booming housing sector and overall economy (high paid jobs plus cheap naukar chakkar😉?) ?

If invested in 20Lakhs property in 2000's that is close to 1.5 Cr. now as compared to 100K saving @$40😉 bolo bolo 😆

Culture and Family talk 😆😆

Originally posted by: chal_phek_mat

Although I beleive in your title here, this is absolutely wrong example, plus these days I like debating on the "Against" side just to make it more fun😆

Yeah I got it, travelling in both the boats whichever sinks leave it 😉😆😆

As for the example that was have observed with many friends / colleagues, who basically left out a property in India cam here for 3-4 years to earn more and afford a bigger, by the time they went back to the misery couldn't even afford the same house they left, feel sorry but kinna makes us 😆 Just threw a reference (pointer) with that scenario and yes, 😆😆 I mention now i.e. 2008. plus the general trend to reinvest after 5-6 years in that case also dabba gul. 😆 BTW - which part of US has been appraised 100% over last 8 years.

20 lack rupees in =50k USD

1.3 crores in 335kUSD savings returns

50k USD invested in property in US in 2000 for a house of $250k, same house costs 500k in 2008(netsavings of $450k) in 8 years

$335k > $450k, US still better

QED😉

Plus Interest rates in India are 13.5-14 variable, in US, 6-6.5 Fixed, word of a difference even though you put the mortgage pre-tax in India and you get tax benefits in US

so atleast in case of housing over a period of 2000-2006, People in US made out like bandits, the drop hasnt been as bad as made out to be in the newspapers, now you could have used the numbers between 2006 and 2008 and then the case is against the US markets

oh yes! definetly! I grew up in USA but recently I have been thinking about moving to India. I think India is doing great. What makes abroad still a hotshot is the quality of life. A middle class family has the luxuries only the rich families in India could afford.

Originally posted by: raj5000

India's economy is booming, buying power is at it's best still there is a myth that going abroad is FUN/FROLIC life and financially advantagous as compared to staying in India.

With current culture and latest happenings (mall culture/booming economy), don't you think going abroad is overrated term? People staying back enjoy more of life and are statisfied (culturally/family wise) with life as compared to the people living in UK/US/Abroad?

Originally posted by: Perfangel5655

oh yes! definetly! I grew up in USA but recently I have been thinking about moving to India. I think India is doing great. What makes abroad still a hotshot is the quality of life. A middle class family has the luxuries only the rich families in India could afford.