As the title indicates, I'm heavily considering relocating
without securing a position first. I thought it was an interesting coincidence that DatabaseHead's
Unemployed Need Not Apply thread showed up yesterday as that is a potential consequence I've considered.
There are lots of reasons as to the why, but I didn't figure you guys wanted to read a book. Suffice it to say, most of the time I'm told they want local applicants, and when I do make it through to F2F interviews, I'm beat out by a "local" candidate of equal skill (at least per feedback), but not always. One of the times I drove to Dallas (four hours each way) for an interview, it came down to me and one other guy...he won because he had more Exchange experience, so if someone is better, then fair is fair. I'd rather hear I'm a complete moron than for them to elude to the fact that the other guy is just closer.
To circumvent the "local applicants only" deal, of which I've seen three times on DICE today in the areas I've been considering, I'm leaning towards relocating first, then looking.
Please share your thoughts, suggestions, or ridicule...you won't hurt my feelings.

-EDIT-
Some extra context. My area is drying up and there aren't many quality opportunities, and even if there were, the city is losing residents at a steady rate per year, so it's not a place I want to be now or will want to be later.