My dh is considering an exciting new job. He hasn't received the offer yet but indications are good that it will be coming this week. It would require moving our family from a moderate cost-of-living area to a high COL area, and away from my family, who are a huge source of support to us with childcare and very close with our 3 kids. Most likely housing scenario would be renting out our current home (which we own but are probably underwater on, given the real estate market) and renting a home to live in in the new area instead of selling/buying. We'd also be moving from a rural area where we have acreage with a big organic garden, chickens, and beehives to a dense suburban area if we move close to dh's potential new job.
Writing out that part makes it seem like a crazy idea, but here are the positives. This school year we spent commuting 30 minutes each way to school every day to get our kids into decent schools. Somedays I had to come home in-between dropping off my ds1 at elementary and ds2 at afternoon preschool, which meant the 2 younger kids & I spent 2 hours in the car commuting. If I didn't come home, we spend the day aimlessly hanging out at my parents' house where I slowly go crazy thinking of all things I could be doing home at my own house. If we plan carefully, we could probably find a rental home near a good school and eliminate all that craziness. We might even be able to take on a short commute at the new location that would put us living in a beach town, or alternately in a denser area that would have lots of things to do and resources for the kids, albeit much more expensive.
For my dh, this is a fabulous job opportunity. He has been working at a dead-end, frustrating job for the last 9 years. When he normally would have moved on and looked for a new job, we started having babies and it was easier to stay for the decent pay, regular hours, and short commute so that we could focus on surviving having 3 kids in less than 5 years! Now his job, along with his whole division, has been outsourced to a company based in India, and while he hasn't been laid off yet, indications are that will likely happen in the next 1.5-2 years. He's excited about the potential new job and the people he would be working with. It's cool tech, bigger responsibility, and more energetic company. The salary is higher, there is probably a nice yearly bonus, awesome healthcare coverage for the whole family, and little perks like free lunch/breakfast at the cafeteria and gym membership. I feel like he deserves the chance at a great professional opportunity, but on paper it seems crazy to consider it when I look at what we would be giving up.
Thoughts from anyone? Have you made a move away from a stable situation for an exciting new opportunity? Made the low COL to high COL switch? How did it work for your family? Would you do it if you were me?