Unless the location has new employers setting up operations and creating new replacement jobs that pay similar wages and require similar skills, the area will decline, and your rents will fall or, at best, fail to keep pace with inflation.

Also, I still had my accounting job and was a strong W-2 earner, but wasn't flexible with location preferences which is why I didn't end up househacking - I wanted to stay in South Bay and it was way out of my budgetHope this helps!

It can help you create a short listPopulation growth, employment growth, wage growth, composition of business types are the most important factors in the health of the market.

Some folks, even big earners can be terrible money mangers.NEXT!

@Kyler J SloanDependsIf You make Min wage in your w2 is very different if you are a corporate executiveHonestly I see far too many quit early and not have reserves or consistent income and end up broke or having to go back to work

It can help you create a short listPopulation growth, employment growth, wage growth, composition of business types are the most important factors in the health of the market.

It can help you create a short listPopulation growth, employment growth, wage growth, composition of business types are the most important factors in the health of the market.

It can help you create a short listPopulation growth, employment growth, wage growth, composition of business types are the most important factors in the health of the market.

You evaluate income for the entire group to meet your 3X or whatever criteria; you evaluate the employment stability of the primary and secondary wage earners; you evaluate the backgrounds of all and weigh the pros/cons of the entire picture.

With a SSN you can garnish their tax refunds - much easier than trying to skip trace them and garnish wages.