Would you move to a 'tier-2' city?
Out of curiosity and thinking about my personal situation: would you move to a tier-2 city? I work in IBD at a BB and was recently given the opportunity to move to CLT...A few years ago it would be out of the question for me; I began my career in NYC. Thinking it over now, I would be saving at least $20k a year in income tax or more, a few % in sales tax which I think adds up, $24k+ in rent, and a better quality of life. Also, considering how much cheaper food/entertainment is, I think I would save ~$50k+ annually and that would only grow.
Has anyone here done it? I'm guessing there are people considering it given the current circumstances. I'm not one of these NYC is doomed types, but I think it would be foolish to think it is going to get back to normal anytime soon. There are serious fundamental issues there with budget shortfalls (read: higher taxes coming), quality of life and other things that I think will only worsen for the foreseeable future. Considering moving now more than ever.