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by sad 5859 days ago
Many reasons come to mind, such as not wanting to live in the area you work (maybe you have kids the schools are bad, or the neighborhood isn't real good). It could be that living close to a family member is more important than living close to where you work, like maybe your wife is taking care of her mother or grand mother while you are out working (or the other way around).

There are lots of good reasons. These days you just might be stuck in a mortgage because the value of your house has fallen below what you owe. Given the current "economic climate" it's very easy to have gone from a 70% LTV to 110% LTV.

1 comments

All good ones. I personally find it not worth moving closer because I am in a long term mortgage as you mentioned.

I have another friend with a long commute because he lives close to where his wife works.

Another person I know used to have a commute of over 2 hours. His job location, like some others, was deliberately located away from population centers for security and safety reasons. Moving significantly closer would have been very difficult and meant being a long way away from everything in his life other than his job.