Bad housing market hurting some people's job prospects

CNBC's Diana Olick reports lower home prices are keeping people stuck in their houses, and that prevents them from moving on to find better job prospects.

By Allison Linn

 

Here's a Catch-22 of the weak economy: You finally land that job you need desperately, only to find that you can't sell your home to move. CNBC reported Wednesday that many Americans are finding themselves stuck in their homes or forced to rent instead of sell.

Do you feel stuck in your house?

Results with 10 short comments
Total of 801 votes - click on the "Display Comments" bar below to sort comments

57.1%
Yes, I'd like to move but I can't
457 votes
24.6%
No, I don't want to move anyway
197 votes
18.4%
I don't own a house
147 votes
Display Comments:
I don't own a house

I sold at a loss to get out of my bad house and mortgage. Couldn't be happier.

    #1
     - Wakehead
     - 7:52 am EDT on Thu Jun 2, 2011
    I don't own a house

    I don't believe in the American dream

      #2
       - alan_static
       - 8:11 am EDT on Thu Jun 2, 2011
      No, I don't want to move anyway

      If your investment in home or property turned sour, you have to face consequences for it. Govt should keep its hands off of the housing mkt

      • 1 vote
      #3
       - Nash-Nari
       - 8:48 am EDT on Thu Jun 2, 2011
      Yes, I'd like to move but I can't

      Don't need to move because of a new job but would like to unload our home for something a with a cheaper monthly payment, but no luck.

        #4
         - Chloe J
         - 10:23 am EDT on Thu Jun 2, 2011
        Yes, I'd like to move but I can't

        I already have a rental unit 1.5k miles away for a previous job relocation and now we are looking at a 2nd.

          #5
           - KanneDo
           - 10:42 am EDT on Thu Jun 2, 2011
          I don't own a house

          Anyone can sell their house at today's market value, which is borderline nothing.

            #6
             - notajudge
             - 10:43 am EDT on Thu Jun 2, 2011
            Yes, I'd like to move but I can't

            Or you find yourself commuting way farther than you would like to . . .

              #7
               - David C.-2246762
               - 11:37 am EDT on Thu Jun 2, 2011
              Yes, I'd like to move but I can't

              Duh. The housing depression has eliminated millions of construction/housing related jobs. Unemployment will not go down until this improves

                #8
                 - wildcatwest
                 - 1:56 pm EDT on Thu Jun 2, 2011
                Yes, I'd like to move but I can't

                Job in LA; can't sell my Dallas house and can't afford a house in LA. Guess I'll go and live in my van.

                  #9
                   - eat my shorts-3111413
                   - 4:34 pm EDT on Thu Jun 2, 2011
                  Yes, I'd like to move but I can't

                  You can walk away to your new job, your new life and let the bank pay the price rather than your family. There are options, your choice.

                  • 1 vote
                  #10
                   - WalkAwayOk.com
                   - 4:55 pm EDT on Thu Jun 2, 2011
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