Primary Residence too far from work or potential job.. what then?

[Patrick Boutin]

If you purchase a home as a primary residence (with a low down payment), and at some point after the purchase (for the sake of giving a number let's say it is 6 months to 2 years after the purchase):

• you realize the commute is much tougher than expected
• you loose your job and all the jobs you can find are not at all close to the property's location
• if you get relocated at your current job

What happens in this case? Are you forced to remain in that property or are you forced to sell the house given that it is no longer practical to have it as your primary residence knowing you need to move closer to where jobs are located?