There are many facts to consider, such as family, kids, age, employed or unemployed at the moment and so forth.
I have been doing the commuting thing for 4 years now and have to honestly say its not for me. Had to do it as there was no other option for me at the time. Going back home now for a normal job and must say I cant wait.
On the other hand I know many who are very happy in the contract world and really enjoy it !!!!!
So it really depends on you and your situation !!!!
I have realised that all the money and shiny aircraft does not make up to being with family, kids and friends.
Good luck !!!!!