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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]All the new constructions in the Ashburn, Herndon and other areas are gobbled up by Indian immigrants. They are easily north of $800K and $1M+. So, this population is more than the occasional crypto rich or stock market savvy. They are also not DINKS, but with school-age kids. In addition to expensive new houses, Teslas and other new cars, several send their kids to private schools whose tuition rival those of expensive private colleges. What kind of HHI do they have to afford this lifestyle? I can't imagine working in the software shops being that lucrative. [/quote]

Many Indians work very hard to keep up an image.  How you appear to everyone else is extremely important.  (Can say that cause I'm married to one and the level of maintaining a certain image is ridiculous and something I certainly never grew up with).  Who knows if they can actually afford it.  Those that I know, at least half probably cannot afford it (Ie are not saving enough for college /retirement/paying all bills in full each month/etc)[/quote]

Oh please maybe you can’t afford it but Indians are a financially conservative group, and save a lot and don’t spend beyond their means. The people you know probably make a lot more money than you realize or have huge cash piles from stock gains. We’re Indian, in our 30’s and live in a 3m house and people have insinuated to my face that we probably live beyond our means. They can’t or don’t want to fathom the truth, which is our HHI is well over 1m and our mortgage is almost paid off.[/quote]

Yea, immigrants here nowadays are very financially advanced and savvy. Single Russian female here - $4.5mm net worth by age 44 live in a $1.7mm house with 2% mortgage interest that’s almost paid off. Real estate investments - own 11 rental units. Btw I make $100k in a W2 job. My gross annual income is $400k.
 I consider myself very average and modest relative other immigrants who with their spouses got start ups, built hotels, became SVPs in Fortune100 companies etc [/quote]

To add, I started in RE early at age 26; one year after moving to the US and even before I got citizenship. 
When people look at me they probably think I came from oil money or something as my 9-5 job at 100k is well below average. Just a project manager at an NGO[/quote]

Fascinating!! You should start an AMA![/quote]

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