Hi Krautwald.
How many times I have asked that question of myself!
I decided about 6 weeks ago to give up on flying as a career - and I am fed up instructing now after 9 years.
Guess what: my first FO job came through. I am 52 in January.
Economy poor/no contracts = picky airlines.
Economy good/new contracts = less picky airlines!
I also live locally, don't need accommodation, know the area..got any local operators near you?
Good Luck, Chap!