Here are 10 points summarizing why some people leave their seemingly luxurious life in the US and return to India:
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Misconception of Luxury: The perceived luxury in the US often differs from Indian standards; many NRIs live in modest conditions despite appearances.
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High Living Costs: Cities like San Francisco and Toronto have exorbitant living costs, forcing NRIs into less luxurious lifestyles.
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Income Disparities: Many NRIs earn between $80,000 and $120,000 annually, which can be insufficient in high-cost areas, leading to financial strain if they want to have the class life compared to Doctors and IT friends in big companies.
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Shared Living Conditions: NRIs often share apartments with multiple roommates, living with minimal furniture and comforts.
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Debt and Financial Pressure: The pursuit of the "American Dream" can lead to significant debt, as many stretch their finances to maintain appearances.
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Immigration Challenges: Uncertainty around immigration status can impact long-term financial stability, prompting some to return to India. Nobody is valuing talent. The H1B visa is modern day slavery tying to an employer. Even the PR backlog is running into 100 years or so, unless they claim back the per country lost numbers since 1992
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Competitive Culture: The pressure to keep up with peers can lead to overspending and financial mismanagement among NRIs.
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Housing Market Realities: Many NRIs find themselves in homes that are smaller or of lower quality than advertised, often at inflated prices.
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Market Fluctuations: When returning to India, NRIs often sell their US properties at a loss due to market conditions and buyer leverage.
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Successful Alternatives: Some NRIs thrive in areas with lower costs of living, finding a better balance between lifestyle and financial stability.
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