So, I just read this article.
Why some Americans won't move, even for a higher salaryWhy some Americans won't move, even for a higher salaryMobility in the United States has fallen to record lows. In 1985, nearly 20 percent of Americans had changed their residence within the preceding 12 months, but by 2018, fewer than ten percent had. That’s the lowest level since 1948, when the Census Bureau first started tracking mobility.
So, the article states one opinion as common beliefThen another as the new thoughtMany consider the culprit to be the economic crisis, which locked people into declining-value homes; others attribute it to the huge differential in the housing prices in expensive cities. Some economists contend that job opportunities have become similar across places, meaning people are less likely to move for work; others see rising student debt as a key factor that has kept young Americans in their parents’ basements.ROOTEDNow, a new study from the Federal Reserve Bank of New York suggests that other, more emotional and psychological factors may be at work.STUCKNearly half of those in the survey (47 percent) identify as rooted.MOBILEAnother 15 percent identify as stuck, lacking the resources or ability to move.Just 38 percent of respondents say they are mobile with the resources, ability, and inclination to make a move. In fact, 5 percent of respondents say there is a 100 percent chance of their moving. The mobile are most likely to live in cities, though the income and educational background of the mobile and the rooted are similar.
Anyhow, that's of interest and all. Yet, the following is what I'm curious to see how forum members believe.
WTPTherefore, what would it take for you to relocate and do you consider yourself rooted, mobile, or stuck? Perhaps, you'd take a loss to move back home?The survey identifies respondents’ most recent move, their probability of moving in the next two years, and other data related to moving including job opportunities and income prospects, housing costs, the distance from current home, costs of moving to various locations, crime rates, taxes, community values and norms, and proximity to family and friends. The researchers use these data to estimate the overall costs—what they call the “willingness to pay” or WTP—for people to move different locations.