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People will wind up in Atlanta or Charlotte, or Boston or Washington, New York or Chicago, LA or San Diego, Miami or Fort Lauderdale, Columbus or Indianapolis etc.
Before one of you get your panties in a bunch about how Atlanta and Charlotte (or whatever) aren't EXACTLY the same, yeah, I know. But the point is people usually have a ballpark range of cities or features they are looking for. Unless you are an actor or professional surfer or your degree is in Eskimo Studies it would be really unusual that one city and one city only will be able to offer approximately what you're looking for.
So I guess I'm saying you might try being a little bit more flexible in your relocation options instead of taking a pay cut and wrecking your credit by being unnecessarily inflexible.
But if that is the case and it HAS to be this city then I don't see that there is any question. Take the job, dump your house, and head on to the holy land.
Yes, my brain sees the bigger picture. I live in a recourse state that will come after the homeowner for the balance/difference of selling a home at a loss. Also, I am sure that your credit score will most likely be slammed.....I wouldn't gamble on that seven year recovery to my score.
Location: Finally escaped The People's Republic of California
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Money can't buy happiness.....
But happiness is tough without enough money....
You need to decide if you can afford the move, and maintain your financial well being....
You seem impulsive. Your current residence used to be good city for the long term or you wouldn't have purchased a house there.
Consider this situation. What if the same thing happens in your new city? You would not only be ready to make a second move. You also have ruined your credit and taken a huge financial hit on the house.
Now ask yourself this question. Can I restore those same feelings that motivated me to buy a house? Can I get that feeling back that made you say "This is my home for the long haul."?
Yes, my brain sees the bigger picture. I live in a recourse state that will come after the homeowner for the balance/difference of selling a home at a loss. Also, I am sure that your credit score will most likely be slammed.....I wouldn't gamble on that seven year recovery to my score.
That's all you had to say in your first post. Your 'seems like a no brainer' was not necessary. Everything's a 'brainer'- you weigh the pros and cons of matters big or small.
You seem impulsive. Your current residence used to be good city for the long term or you wouldn't have purchased a house there.
Consider this situation. What if the same thing happens in your new city? You would not only be ready to make a second move. You also have ruined your credit and taken a huge financial hit on the house.
Now ask yourself this question. Can I restore those same feelings that motivated me to buy a house? Can I get that feeling back that made you say "This is my home for the long haul."?
How did you infer this? If I was impulsive, I wouldn't have asked for opinions, I would've just moved away and hoped for the best.
I was born and raised here. I purchased the house a long time ago. I had no plans to move when I bought it. Things change.
I am definitely not here for the long haul. If that employer would've offered me a position making similar to what I do now, I would say 'toodles' to this house in a heartbeat.
If your investments are completely liquid, you could use them to pay down the credit card debt. No market portfolio can post anywhere near the risk adjusted returns after taxes that your non-tax deductible credit cards can charge you.
Short sale on the house would stink, but if you could move and buy a new house first, you could ditch the old one into a short sale/foreclosure and if you weren't buying another house for a decade it wouldn't hurt you much.
Just some ideas. I'd be willing to take a pay cut to move from an awful city to a great one, but I already moved to my ideal location.
Money can't buy happiness.....
But happiness is tough without enough money....
You need to decide if you can afford the move, and maintain your financial well being....
If you can live reasonably on the new salary, if the short sale is not so overwhelming it leaves you hopelessly behind, than given a better labor market do your best estimate of future income new city vs old. If it is a reasonably financially neutral long-term choice or even close, and you answered yes to both of my first 2 phrases, I'd take the offer and move.
Unless I was changing fields and thus starting at the bottom, I would not.
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If you can live reasonably on the new salary, if the short sale is not so overwhelming it leaves you hopelessly behind, than given a better labor market do your best estimate of future income new city vs old. If it is a reasonably financially neutral long-term choice or even close, and you answered yes to both of my first 2 phrases, I'd take the offer and move.
