I've always been firmly convinced the answer to that is 'no'. Especially here in Alberta where oil is king - and that king lives and dies with alarming frequency. I just spent 15 minutes shooting the breeze with a former customer that just got laid off. She is going back to Morontario where she says jobs are more plentiful.
I bought a small home 17 years ago and paid it off. I owe on my wife's car but could pay that off today if I wanted - it only has another year on it anyways, at .9% or something like that. Sure, I could stay here... but I will probably end up
I see a lot of guys have moved where the winds have taken them and they end up with titles, career advancement and increased worth on the job market... but a lot of 'em ended up with bigger bills too - paying for extravagant homes in isolated towns like Ft. Mac, for example. Some retire with a mortgage and I don't want to do that either! Some have even told me I did right to sit tight here, with a fluctuating economy, living small and smart. A lot of those big spenders from the boom times are chitting bullets now that they have all those bills and sporadic income coming in.
My friend on the phone today is less than happy about her situation. When I get laid off, I am going out to the rod n gun club, parking my Tiltin' Hilton camp trailer... and I am going to just chill and shoot. That is as far ahead as my escape plan goes.
What would YOU do?