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Say you've been trying to relocate for several years, but haven't due to no employment opportunities. You finally get a job offer but it's greater pay decrease difference from your current employer. You have no significant credit card debt, owe about 5k on your student loans, have about some emergency savings, and some investments. You have a home, but if you accept this offer over your current job, you will have to short sale.
No children to consider.
Would you go for it or stay in the city you abhor due to your financial benefits or move away to the desired state and accept the job offer presented?
Say the job offer would pay 40k, which is SIGNIFICANTLY LOWER than what you've made since working; however, this new position could possibly improve your marketability in the future. Where do you draw the line?
What is the decrease? For some 10k might be significant others not so much. It really depends on your current cost of living vs the new city and how bad you want to be in the new city
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Does the new state have a comparably lower cost of living? I would be happy to take a cut of 30% if I was moving to Arizona, simply because I could buy a house for about 1/3 of the equity I have in my house here so no mortgage. If under water on a house, the short sale issue would kill it for me, however.
Does the new state have a comparably lower cost of living? I would be happy to take a cut of 30% if I was moving to Arizona, simply because I could buy a house for about 1/3 of the equity I have in my house here so no mortgage. If under water on a house, the short sale issue would kill it for me, however.
Similar cost of living, but activities could cost because of there being more to do.
Absolutely would not jeopardize my credit with a short sale then take a huge pay cut just to move. Seems like a no brainer!
In your brain it does.
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