what do i do? I got a job offer that doubles my current salary.?
Asked by BRANDON R
I just got a job offer to move back to my home town in CO. to be a superintendent for a construction company that builds condos. I currently live in AZ. and work as a foreman at a roofing company. The offer they made me was 90k a year to go to CO I currently make 52k in Phoenix. Both my kids and my wife want to go. However I owe 252,000 on my house and its not worth much more. Also the housing market has takin a big drop in the last few months with many still on the market since Feb. 06. So do I bail on the house and move back to Co. or stick it out with the company that I am at and hope I can get to 90k in the next few years? PLEASE HELP!!! Thanx for the anwser "it's your own fault" but there are quarterly bonus checks fool. What do you do for a living school boy? Thanx for the anwser "it's your own fault" but there are quarterly bonus checks fool. What do you do for a living school boy? Thanx to everybody for such a big response!!! This is great!!!!

Best Answer:
Sounds like you should go to CO. If the wife and kids want to go and your going to make a lot more money there should be no question. As far as your house goes, you have a couple options. You could put it on the market, but as you said it will most likely sit for a long time. Or you could lease it out and apply the money you make to a new investment in CO. Whichever way you look at it you need to realize that your house in AZ is most likely less desirable a location than where you would be living in CO. If you stay in your house in AZ and the market continues to go down (which it will), you can kiss your 90k goodbye (when the market goes down , salaries do not go up especially double) and you can kiss your nice life in CO goodbye because you will be sitting on a house that is not worth what you owe on it and you will be trapped. It's going to be a hard decision, but if it was me I would definitely go. You don't want to get stuck in blazing AZ especially when you come from beautiful CO. Good luck with your choice.

Take the loss on the house and move.Thats what i would do. Maybe try to find a family member or friend to rent to?
Answered by chi-kita 27

Move. Sell the house even if you have to take out a loan to cover the loss. Or rent it out for awhile. Don't stay because of the house. Bad idea. Do what the woman wants. Keep the woman happy for a happy life.
Answered by Sufi

Rent the house out and take the job in CO
Answered by Stewiesgal

first, it didn't double your salary, when I went to school 52 + 52 = 104. And since that was too difficult for you to figure out, no wonder your asking other people...hahahaha. Ok, Truth. Money isn't everything. If everyone is happy where you are and you're pretty much secure in your job, then why leave. If you do, then who's to say that you won't be building condos all over the place. If that's the case ,then buy a camper....haul it with you, let you family stay and then see them as much as possible. Military folks make it worl all the time.
Answered by it's your own fault

Other factors being equal, you could take a 30-40k loss on the house and break even within a year. Look at the housing market in that area of Colorado and see what you can get for 250k. If it compares to your current house then you're in good shape. Also do some research to see how the construction company is going to be doing in 5-10 years. The last few years have had a lot of new home construction, but some people are pessimistic about the "boom" lasting much longer.
Answered by natlang

I suggest you go for the offer. Take the loss on the house and move on. 1.You'll make much more in basic(Retirement,insurance..etc) 2.Your family wants to move. 3.You never know what happens in few years.
Answered by Dude

What the...???? This is a question you and your wife need to resolve! ...not by popular vote! Look, though everyone who's replied wants to help, we know squat about your situation and have no stake in whatever happens. There's more here to your situation than real estate, salary, and an inter-state move. All we can do when faced with choice is weigh what we know, need, want, and hope for... make a decision, and do our best to make it work. And since/ because you are married, this is something you and your wife need to hash out. Good luck, guy!
Answered by Cassor

I will agree this is a decision between your wife and you. But since you are asking what others are thinking. Then here are my suggestion which I know will come as no surprise. If the family wants and is agreeing to move see what you can get in CO. Call a realator in the area and see what your options are maybe you can lease it out to someone else or a lease to own.
Answered by trathbun2000