"I'm now a renter, a homeowner and a landlord by default," Linwood Campbell, who took a new job 500 miles away from her former home in Charlotte, North Carolina, told the Cincinnati Enquirer.
A number of individuals who are fortunate to find employment are facing the same dilemma as Campbell. Some companies are providing assistance to these people, as the paper reports that new hires have received financial aid for extended temporary housing and bonuses for selling their homes quickly. Campbell told the news source that his new employer paid for moving fans, travel and temporary housing.
Workers who do not receive some sort of reimbursement for their moving expenses are choosing to bypass work opportunities in order to save money on housing, the report said.
With the housing market recovery trudging along, many prospective workers may continue to have trouble finding a way to take a new position that requires relocation. The unemployment rate only exacerbates the issue because some consumers may not have enough in savings to cover the cost of the move.
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