<prompt> Human: Hi and thank you for reading. I bought a house in June. Since then, both my SO and I were laid off and the local job market has completely crashed. We are both employed again just to bring in some money to pay the bills, but I make only 550mo. and SO is working for 9hr. at a burger chain. We are in our 30s, previously mid-career, so this is as much an ego blow as it is a financial disaster. We live in a small town that relies heavily on oilnatural gas and mining. The mines announced theyre laying off again and likely going under, and the oil field is severely depressed. Things are getting desperate and we may need to move to find more appropriate work.I own this house outright, no bank funding, no car loans, no credit card debt...no debt at all I am beyond thankful that this is the case and about 50k in non-retirement funds. We can live off burger and part time job money, but its not really feasible long-term and doesnt help us advance our careers at all. Not to mention the psychological effects of being in this situation.SO and I both think we should move to find better opportunities. This would not even be a question without having just purchased a house. The housing market right now seems to be about the same as it was in June, but with so many layoffs I dont know how long that will last. Its already significantly depressed from what it was 2 years ago.What option do you feel would be the best in this case...ride out this economic slump and hope it improves or cut our losses and actively seek to improve our situation? If we ride it out, how long do we wait before we call it and move on?  <response>: Put the house up on the market TODAY. If it sells your options suddenly become much wider. If it doesnt then that helps guide your decision. I know it sucks to have just bought the house but its just money. Youve lost way more getting laid off than on closing costs buying the house. 