No GC , don't buy home

[Pandubabu]

Wait cheyyandi , layoff slowly spreading to all sectors.. pure tech to banking tech.. friend lost job at a big e-commerce company .

Full time , smart guy..

Own home lekapothe , em kadhu 2-3 years...

If someone says,  you can sell when you have to leave country. That is BS.

It is hard to sell even the car at a good price.

Also , what if the home mortgage is more than the cost of home price that point , you have to pay the balance..

 

[csrcsr]

You don't have to sell you can rent and go too, with companies offering decent severance packages it's ok bro , 2 months upfront separation date plus 2 months of h1b grace , 4 months lo easy Job kodtharu

Just posting don't want to scare people who already bought chill 

Gc unna h1b unna mortgage Katali kada so doesn't matter I guess 

May be advice evry one to have 5 months to 6 months of emergency fund to nadupu the bandi its just IMO people are smart they take their own decisions

 

[Pandubabu]

2 minutes ago, csrcsr said:

You don't have to sell you can rent and go too, with companies offering decent severance packages it's ok bro , 2 months upfront separation date plus 2 months of h1b grace , 4 months lo easy Job kodtharu

Just posting don't want to scare people who already bought chill 

Gc unna h1b unna mortgage Katali kada so doesn't matter I guess 

May be advice evry one to have 5 months to 6 months of emergency fund to nadupu the bandi its just IMO people are smart they take their own decisions

 

GC people can atleastlive with emergency fund and driving uber ...

Tbh,, even not all full time companies give 2 months upfront separation ...

Don't mean to scare , but better to be safe than being later..

[baabaa]

Kothaga illu konadu even if you have stable job. Home prices inka taggutayi. You will get better deals in later part of year.

Illu unna valu 6-10 months savings pettukondi.

[csrcsr]

1 minute ago, Pandubabu said:

GC people can atleastlive with emergency fund and driving uber ...

Tbh,, even not all full time companies give 2 months upfront separation ...

Don't mean to scare , but better to be safe than being later..

agree bro but off late most if the companies laid off have two months upfront separation date door dash, salesforce, ninna microsoft, they are laying off today but separation letter will be two onths from now, today capital one was more generous too because they eliminated agile roles 2 months of separation time on top of it 5 months severance , most companies are folliwing the below from recent times, because h1 b was in the news etc good at least in that front 

https://www.teamblind.com/post/Doordash-immigration-support-is-awesome-3B5Psfu0

[bayarea]

9 minutes ago, csrcsr said:

agree bro but off late most if the companies laid off have two months upfront separation date door dash, salesforce, ninna microsoft, they are laying off today but separation letter will be two onths from now, today capital one was more generous too because they eliminated agile roles 2 months of separation time on top of it 5 months severance , most companies are folliwing the below from recent times, because h1 b was in the news etc good at least in that front 

https://www.teamblind.com/post/Doordash-immigration-support-is-awesome-3B5Psfu0

first round lo they will be generous but balance sheet assam aithe next rounds lo emi evvaru anna...

past severance packages are not an indication of future packages anna. only silver lining is uscis lets you stay for 60days unlike 2009 where one should leave next day when not on payroll

[argadorn]

9 minutes ago, csrcsr said:

agree bro but off late most if the companies laid off have two months upfront separation date door dash, salesforce, ninna microsoft, they are laying off today but separation letter will be two onths from now, today capital one was more generous too because they eliminated agile roles 2 months of separation time on top of it 5 months severance , most companies are folliwing the below from recent times, because h1 b was in the news etc good at least in that front 

https://www.teamblind.com/post/Doordash-immigration-support-is-awesome-3B5Psfu0

Pedda pedda companies layoff cheyshunayi anamata Malanti low pay vallani akuloeka laga me mohalki severance kudana antaru

[csrcsr]

3 minutes ago, bayarea said:

first round lo they will be generous but balance sheet assam aithe next rounds lo emi evvaru anna...

past severance packages are not an indication of future packages anna. only silver lining is uscis lets you stay for 60days unlike 2009 where one should leave next day when not on payroll

severance is in company policy kada bro usually they abide by it correct ? just they are keeping the separation date upfront to help and considerate for people on immigration

[csrcsr]

4 minutes ago, argadorn said:

Pedda pedda companies layoff cheyshunayi anamata Malanti low pay vallani akuloeka laga me mohalki severance kudana antaru

Any company will have minimum severanace bro , point is h1 mida for example already illu undi anuko dont get scared ani naa yokka idi , if you are planning to buy may be put a pause

[Netflixmovieguz]

Just now, csrcsr said:

severance is in company policy kada bro usually they abide by it correct ? just they are keeping the separation date upfront to help and considerate for people on immigration

moddallaythhe gummpoo lla govinnddaa. Headlines will be not severance at that point 

[argadorn]

25 minutes ago, csrcsr said:

You don't have to sell you can rent and go too, with companies offering decent severance packages it's ok bro , 2 months upfront separation date plus 2 months of h1b grace , 4 months lo easy Job kodtharu

Just posting don't want to scare people who already bought chill 

Gc unna h1b unna mortgage Katali kada so doesn't matter I guess 

May be advice evry one to have 5 months to 6 months of emergency fund to nadupu the bandi its just IMO people are smart they take their own decisions

 

2 and 3 house  investment laga konna vallaki problem 

[Android_Halwa]

It’s better to be cautious. People who are planning to buy a home shouldn’t get tempted to buy now rather they should wait for some more time, May be a year or two. 
 

The time is here….4-5 years nundi adigo recession idigo recession ani comedies chesukunnam and now it’s knocking at our door. 

Home buying is an unnessasary spending in these circumstances. One year savings lechiponika it barely takes 2-3 months. 15-20 year risk and liability burden ni ie uncertain stage lo start pettadam chala risky. 

[Netflixmovieguz]

Stay put. Market, housing, cars aint going anywhere. Anyone tries to create fomo, ask to kiss you arse

[Pandubabu]

19 minutes ago, csrcsr said:

agree bro but off late most if the companies laid off have two months upfront separation date door dash, salesforce, ninna microsoft, they are laying off today but separation letter will be two onths from now, today capital one was more generous too because they eliminated agile roles 2 months of separation time on top of it 5 months severance , most companies are folliwing the below from recent times, because h1 b was in the news etc good at least in that front 

https://www.teamblind.com/post/Doordash-immigration-support-is-awesome-3B5Psfu0

You ate talking about really good companies.. there are more lathkoor companies than good companies as employers 

[Android_Halwa]

Just now, Netflixmovieguz said:

Stay put. Market, housing, cars aint going anywhere. Anyone tries to help create fomo, ask to kiss you arse

Homes, cars, crypto, cruise tours, exotic holidays etc anni oka 1-2 years cautious ga vundalsinde…