Friday, February 06, 2009

I Can't Afford To Take That Job

Here's an angle on the economy I hadn't considered: Because of the housing bubble, people can't afford to move to where the work is.
More than one hundred thousand Americans have just lost their jobs. According to psychologists who study happiness, that is the most miserable experience many people will ever endure. Getting back to work is the best medicine. For thousands of workers and their families, getting back to work means packing up and heading to a new gig in a new town. But many will find it difficult even to consider a move. Because it's tough to sell a house you could never really afford in a town now bleeding jobs.

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