Buying a type rating can be a good idea but it depends on markets.
Two years ago no Turbo Prop recruitment. Some Lo Co jet recruitment. Lots of type rated European pilots available. Type rate or wait are the only choices. The opportunity cost favours Type Rate.
Today Turbo Props recruiting, Lo Co's require 150hr+ jet pilots. Europeans gone home. The choice must be TP. Type rate if you feel lucky, however Lo Co's have got wise and pay less! Opportunity cost favours Turbo Prop.
Cost is the deciding factor.
2 yrs ago.
Type rate = -20K, 1st year +40K, 2nd year +50K = +70K.
Type rate = -20K, 1st year -10K, 2nd year -10K = -40K (no job)
Wait = 1st year -10K, 2nd year +25K = +15K. (TP job in 2nd year)
Wait= 1st year -10K, 2nd year -10K = -20K (no job)
Now.
Type rate = -20K, 1st year +20K, 2nd year +40K = +40K
TP= 1st year 25K, 2nd year 30K = 55K