SUNRISE, FL, JANUARY 7, 2009: The American mortgage crisis in reaching unexpected heights, and the problem is only growing with each passing month. Ms. Sheila Danzig, a first generation American, is extremely familiar with the characteristics and demographics of persons seeking foreign degree evaluations for EB-2 and EB-3 visas to the United States. After careful analysis, this expert on international education has chosen to support a proposal first presented on the Immigration Voice chat board. This proposal could help to significantly relieve America’s current housing problem while encouraging billions of dollars in economic growth.
Workers holding employment-based visas are already residing within the United States. Those applying for permanent resident status have been living in the United States for more than five years. All have professional degrees in their fields of employment, and a sizable percentage hold Master Degrees or PhDs. None are taking American jobs; these visas are issued precisely because no U.S.workers are available to do the work required by the sponsoring businesses and organizations.
The average income earned by workers holding EB visas is $65,000 yearly. The majority of these individuals have good or excellent credit ratings, and secure incomes. They are highly motivated to purchase homes and settle in family friendly neighborhoods. Unfortunately, however, they remain in limbo while they are waiting for the USCIS to approve their green card applications.
In fact, some workers are forced to wait for up to seven years before receiving a response to their application. They hold foreign credentials U.S. equivalency of professional degrees, and are workers critically needed by our society, yet they wait to learn whether they have the right to remain in this country!
More than 200,000 immigration visa numbers have been lost as workers wait for their application to be processed. This has resulted in millions of lost dollars for the economy. In the meantime, approximately 800,000 wage earners wait to see whether they will be permitted to remain in the United States. Consider, for example, the possibility that half of these persons wish to purchase a home. If they were permitted to make a 20 percent down payment on a private home (and the average cost of a home in the U.S. today is approximately 200,000), this would result in a net financial gain of 1.6 billion dollars in immediate gain for American banks!
Immigrants are highly motivated to succeed and make themselves part of the culture that welcomes them to remain in their country. Offer your support for a solution that works for potential immigrants as well as for the U.S. economy today. The 30 years needed to pay off most mortgages will allow these persons to more than demonstrate their commitment to the stability of the U.S. economy. Finally, these stable, risk-free mortgages will help to reverse the downward spiral into which our housing market has slumped and help it to soar upward again.