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Relocating to a dying town.

Work has me relocating to a dying town, think flint Michigan and you pretty much got it. For work I need to be within 30-45 minutes from my job. Would be in the area 5 years after which I would be able to move while retaining my wage. My employment is safe for that time and for the foreseeable future.

The good: more money and obviously my money goes incredibly far towards buying property.

The bad: not sure if it’s even worth buying a residence in the area with the possibility of not being able to sell it.

Looked at surrounding cities and not one is going to be better off in 5 years as there is no jobs available or future employment in the area for the current population.

In this case what is the correct move.

I have never been a fan of renting but it almost seems like that would be the best choice.
Or
Would it be better to get the bare minimum to live in and keep it in good condition as selling a cheap house is easier?

Buy something that I could rent out in the future? Although it would seem like that would be a magnet for problem renters.

So if you were moving to a town that was dying what would your housing/real estate plan be?

submitted by /u/Sogergaming
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1utw4k8/relocating_to_a_dying_town/
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