Change of location after economic change.

[bitgolden]

If you get wealthier, you want to live next to other wealthy people. So if you lived in the gettos and were poor, but then made some real money, you will want to move to city along with other rich folk, that is not really shocking information.

Real problem starts if you end up doing it too early, you have to make sure that you are guaranteed that income to be able to sustain that life style, otherwise it is not going to end up well, you will fail and you will go back to where you started.

[Pablo-wood]

If you get wealthier, you want to live next to other wealthy people. So if you lived in the gettos and were poor, but then made some real money, you will want to move to city along with other rich folk, that is not really shocking information.

Real problem starts if you end up doing it too early, you have to make sure that you are guaranteed that income to be able to sustain that life style, otherwise it is not going to end up well, you will fail and you will go back to where you started.

Yeah doing it too early is where the problem begins. One can become wealthy and plan their relocation slowly without pressure while strengthening their source of wealth so it accommodates the new life style in process. Sustaining a lifestyle is much more important than starting it. Affording a lifestyle for just a couple of years and returning to the street afterwards is worst than staying in the street all ones life. Pleasure will always be there all it requires is sustainable wealth that can finance and sustain them

[rezakurnia66]

Agree with you, change of location after economic change has bigger possibility for us earn more income exactly moving to strategic location based on our skill or our job, for businessmen I think its important change the location if want to increase much profitable and income not stay at the one location only. But moving location must prepare more by expensive life cost, prepare much outcome regarding the daily needed increasing with difference location.
Prepare good financial and seeing the possibility earn much in the future if want to relocation to new environment, you must see how cost life, education cost until how much you can earn money when moving to new location.

[r_victory]

It depends on the needs of the person moving. I live in a neighborhood that, unfortunately, is becoming dangerous due to growth, and it's not a cheap place to live. If I could afford to live in a quieter neighborhood, in a gated community or a planned community, there are many here, I certainly would. If a person can choose where to live and can live better, why not?

As the economy improves, many things that previously made sense due to the reality of that time no longer make sense in the new reality; this is natural.

[SquallLeonhart]

I would say purchasing a place is better than renting one but if you are a business person using all of that capital on a home makes no sense for most of them. If you own your home and it's at a rich place, then you are using it for a bad reason and you should not do that, you should be able to do this a lot better and easier on the long run by making sure that you end up with rent and then focus rest of the money on the business that got you there in the first place.

If you can also save some aside, then you will not have a bad downside. Wealthy people do not become homeless people, they become less wealthy people, that's very important and it is not like movies where CEO becomes a bum, that's not the reality at all.

[Oluwa-btc]

These happens frequently, that's to have economic change and decide to change location. At times this decision becomes wrong within less than ten months to twelve months of such relocation.

Honestly economic factors has influenced the  change of location greatly mainly for individuals that has gotten to some financial stability it's always a thing that they'll surely want to leave their comfort zone to a more befitting location that would meet up to their standards. Often times a vivid look in things before decision making should be considered cause mostimes the change of location tend not to favour all.

[DubemIfedigbo001]

Choose the best of all and stick with it, seems to be the most sensible option rather than moving every time.

How do you know the best of all to choose? You just mentioned that Dubai was a great choice but the tension in the middle East has seen it bombed by Iran in the past days, so it is hard to pinpoint safe places with escalating tensions. Where you consider safe may be Trump's next target as the dude is mad with dominance.

Relocation should be associated with a more productive environment, not just for pleasure. Last year, I relocated my office space to a section of the state where I can access more stable and cheaper electricity so that I can achieve a cheaper cost of running my office. I believe that is what relocation should really be about. It should be in a bid to improve your economic situation and not as a result of it.

[Fiatless]

Agree with you, change of location after economic change has bigger possibility for us earn more income exactly moving to strategic location based on our skill or our job, for businessmen I think its important change the location if want to increase much profitable and income not stay at the one location only. But moving location must prepare more by expensive life cost, prepare much outcome regarding the daily needed increasing with difference location.
Prepare good financial and seeing the possibility earn much in the future if want to relocation to new environment, you must see how cost life, education cost until how much you can earn money when moving to a new location.

Some people just got an increase in pay or got a profitable contract and the first thing they will do is to change location. They want to relocate to an expensive location. Some of them don't have any plans to invest the money because their main aim is to gain some level of comfort. They don't know that if they don't manage the amount they have earned well, they might go broke in the future if they are sacked or lose the contract.

In my opinion, you should have a financial backup like an additional source of income before you decide to relocate to a more expensive place.

[Fortify]

These happens frequently, that's to have economic change and decide to change location. At times this decision becomes wrong within less than ten months to twelve months of such relocation.
What's your idea on relocation (definitely to more costly location)  after a change in bank account or whichever way this economic change has happened?

People have been chasing better economic fortune for a long time. Obviously if you're super rich already you can pretty much go wherever you want and there is usually a way to pay your way in - either buying property or going through some sort of residency process if you want to have it as your main home. However, other people often try to emigrate because it means more money or a better standard of living. Places like America might pay higher than many parts of Europe for example, but you also have massive expenses like health insurance, medicine or medical expenditures which could potentially bankrupt you. Then there are people within Europe itself who live in poorer countries in the bloc and decide to use the freedom of movement to settle in a richer part of the bloc, but ultimately every country in the EU benefits from this arrangement eventually. The same is true in places like Asia, Africa and every other place in the world.

[Yeesha]

Moving to a new place isn't easy or cheap, and if someone did that, it probably means they got enough money saved and could afford another relocation but they can't keep moving every time something happens. Lot of millionaires chose Dubai as the best place but now there is chaotic situation which no one could have predicted.

Choose the best of all and stick with it, seems to be the most sensible option rather than moving every time.

The OP is talking as if relocating is that easy or simple, relocating is another financial decision that must be carefully taken after gradual consideration. If someone have enough money (savings) to relocate just because the economic changes, that clearly means that the person has exactly what it takes to survive in the economic situation. Because let take for instance, that an individual is living in a country, where he has his own apartment, cars, surviving jobs (a good source of income), and many more, and he decided to relocate with his family just because the economy changes, I don't think that's the best solution to his problem. Because what did you think will happen if they relocate to another economy, because there is no way he would have access to the things he left behind. So, at this point, he has to start all over again, in order to maintain his stability and this is actually going to take a lot of time. He will pay for the apartment (shelter), and search for another job to survive.

[AYOBA]

These happens frequently, that's to have economic change and decide to change location. At times this decision becomes wrong within less than ten months to twelve months of such relocation.
What's your idea on relocation (definitely to more costly location)  after a change in bank account or whichever way this economic change has happened?

Yes, it’s a good thing to if can relocate if we see that there’s not any progress in location we find ourselves. Because at times relocating into a new extension really brings new things that even we too didn’t expected to ours live, but not everyone comprehends that is why some people continue suffering when the economic system has changed.

Especially this country that we’re living in now that everything is just been rough every blessing day and our leaders just lock off without looking into the situation, instead of them to find the solution’s to make the economic crisis better for the country.

[Mr_Brilliant$]

Agree with you, change of location after economic change has bigger possibility for us earn more income exactly moving to strategic location based on our skill or our job, for businessmen I think its important change the location if want to increase much profitable and income not stay at the one location only. But moving location must prepare more by expensive life cost, prepare much outcome regarding the daily needed increasing with difference location.
Prepare good financial and seeing the possibility earn much in the future if want to relocation to new environment, you must see how cost life, education cost until how much you can earn money when moving to new location.

Yeah right.. Moving to a new location can for sure open up more income opportunities, but it is not just about packing bags and leaving oo.. 
Few things and cost weighing must be put in place, like you said education, daily expenses, everything..  Making sure the potential earnings actually outweigh the new expenses, if not you will just end up stressed or maybe even frustrated.. Planning and preparation is everything when switching to a new environment…

[Berry2d]

Agree with you, change of location after economic change has bigger possibility for us earn more income exactly moving to strategic location based on our skill or our job, for businessmen I think its important change the location if want to increase much profitable and income not stay at the one location only. But moving location must prepare more by expensive life cost, prepare much outcome regarding the daily needed increasing with difference location.
Prepare good financial and seeing the possibility earn much in the future if want to relocation to new environment, you must see how cost life, education cost until how much you can earn money when moving to new location.

Yeah right.. Moving to a new location can for sure open up more income opportunities, but it is not just about packing bags and leaving oo.. 
Few things and cost weighing must be put in place, like you said education, daily expenses, everything..  Making sure the potential earnings actually outweigh the new expenses, if not you will just end up stressed or maybe even frustrated.. Planning and preparation is everything when switching to a new environment…

Yes changing of location at times brings about open doors and opportunity and may also be disastrous especially if it happens when one is not expecting such to occur in a long run. Some times we experience retardation in growth financially and other wise all because we refused to step up and make a move to see if we can find what we seek outside our location . Although before taking such steps some factors like cost of living and others as mentioned above must be considered because they are the basis required for a good life but at all i have come to realise that relocation is always life transforming and never disastrous as god knows how to provide for people at all times.

[justdimin]

How do you know the best of all to choose? You just mentioned that Dubai was a great choice but the tension in the middle East has seen it bombed by Iran in the past days, so it is hard to pinpoint safe places with escalating tensions. Where you consider safe may be Trump's next target as the dude is mad with dominance.

Relocation should be associated with a more productive environment, not just for pleasure. Last year, I relocated my office space to a section of the state where I can access more stable and cheaper electricity so that I can achieve a cheaper cost of running my office. I believe that is what relocation should really be about. It should be in a bid to improve your economic situation and not as a result of it.

I would say that if you are in Europe, like for example in Spain, it would be pretty difficult for anyone to actually attack you, I do not remember any minute where in the past 30 or 40 years where people send missiles or bombs in Spain. Maybe it has happened and I am just not aware of it, but I do not remember any terror attacks let alone actual war on their land.

We all remember their own civil war of course, like that happened all the way until seventies until it was decided, but I am sure it did not stop on a single day, but to be fair they are really not getting attacks. That's just one nation example, in general we are not seeing most of the nations in the world getting attacks, it's only a few places that constantly has these wars.