Life & Trends
To stay employed,
more Americans
than ever are
constantly relocating
into — and then
quickly moving out
of — communities
all over the country.
Not without
consequences,
however.
Secrets of the ‘Relo Economy’
IANA AND MARK MILLER HAVE MOVED Author Peter Kilborn profi les Most relos are relatively well paid,
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four times since 2003. Mark’s jobs the lives of such “serial relos” in a so they could make substantial down
in fi nance have taken the couple new book titled Next Stop, Reloville: payments on new houses and count I
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from New Jersey to Michigan, Life Inside America’s New Rootless on a healthy profi t from selling their
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Michigan to Florida, Professional Class. previous homes.
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Florida back to Michigan Relos have changed That’s not a universal truth,
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and, about a year ago, to the very fabric of many though, Diana says. The Millers’
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Northern Virginia. communities, from the Michigan home was in a new devel-
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The Millers are types of houses built (new opment in an area of the country the
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among nearly 10 million developments with mod- recession hit hard. After they moved
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Americans in the so- ern amenities that can to Florida and then returned to the
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called “relo economy.” be sold quickly) to even Michigan house, some houses had E
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“Relos” is the new label community involvement turned over twice, and owners had
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attached to workers and (“yes” to soccer leagues lost money in many cases. E
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their families who relo-
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Peter Kilborn and the PTA; “no” to local Companies also have become
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cate frequently for the elections). more frugal in relocation packages
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sake of the breadwinner’s career. Although moving for a job is not and benefi ts, such as buying your old
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“You really never get used to it,” new, the rapid growth in the global home if it did not sell, she says.
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says Diana, 48, exasperated. She economy and the speed at which Everyone Diana knew in the
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still considers New Jersey her home outer-ring suburbs developed dur- Michigan neighborhood “took a
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because that is where she lived for ing the recent housing boom are, hit of at least $100,000,” she says.
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most of her life. Kilborn says. “Some companies are willing to pay
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82 NEWSMAX MAXLIFE / NOVEMBER 2009
82_Life_Relocate.indd 82 9/30/09 6:56 PM
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