According to a recent study from Zillow, the typical "starter home" is worth at least $1 million in 237 cities, the highest number of cities ever. Plus, almost half of those cities are in California.
That works if you have negotiating power (i.e. marketable, in demand skills). It’s not an option for many people.
For instance, I live in Arkansas where Tyson Foods is a major employer. They have poultry plants in small towns all over the place. Higher paying jobs don’t exist in a lot of those places.
I offered to quit for 6 months to get out from a non compete since I am technically a contractor and that got me a new contract and a small raise… That was neat.
Only way to achieve that is to leave for a higher paying job, or threaten to do so, credibly. Worked for me.
That works if you have negotiating power (i.e. marketable, in demand skills). It’s not an option for many people. For instance, I live in Arkansas where Tyson Foods is a major employer. They have poultry plants in small towns all over the place. Higher paying jobs don’t exist in a lot of those places.
I offered to quit for 6 months to get out from a non compete since I am technically a contractor and that got me a new contract and a small raise… That was neat.
I seem to have stumbled upon an employer that actually values its employees, seeing how I keep getting raises that match inflation.
Granted, I left a different job for that initial 40% “raise” …
We’ll see how it pans out.