No. of Recommendations: 0
Things certainly change fast for you.

We'd need to move.
Pros and cons there. Cons, as you mentioned, some moving expenses. Pros, you can't really afford your current house on your current money. And in the pro or the con pile, the cost of living in the new city. Does real estate cost more there or less? It would also give you an opportunity to get out from under your mortgage debt. Housing collapse or no housing collapse, in many places today, renting is still much cheaper than owning - especially if you can't afford to pay extra toward your home loan, which obviously you can't. You could rent for a year and watch housing prices drop, then maybe buy a new place once you have familiarity, comfort and stability.

Given the interest you are paying on your debts, you would need a pretty substantial profit on renting to make it worth keeping the existing house. Given the overall economic situation right now, your mortgage lender may accept a short sale. In normal conditions, they might not. So you are actually perhaps picking up some small benefit from the decline.

A company that can afford to pay you $125K+ could afford to pay you moving expenses. Perhaps they will help with moving expenses, or give you an advance on your salary, or a signing bonus, or something.

Since you currently own your home, and have reasonable credit, you might not need first and last month's rent. The really strict renting rules are mostly for people with poor credit or lack of home-related credit history.

Moving costs do go up with increased stuff, of course. You can move very cheaply with lots of sweat equity. Be very wary of moving companies if you are moving out of state (which given the distance, you probably would be, unless moving from northern California to southern, or from east to west Texas, or vice versa). Within state, moving companies are subject to consumer protection laws. Interstate, there's nothing. Another option is to pack your stuff yourself, then hire a couple of day laborers to help you load your stuff.

Recommend keeping only:
* Things with significant sentimental value
* Things you will absolutely need in your new place, specifically, those which are worth more than they cost to move

If something is not a necessity, leave it. Your goal, obviously, is to avoid having to pay to move anything you don't really need, but also to avoid having to buy anything new when you get there.
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