What I've just realized is that #1 specializing reduces the number of jobs near home. And #2 obtaining a sub-speciality further limits the number of opportunities. Advice: if you want to find a job near your family and friends, don't specialize yourself out of the market in that area.
We've started the job search, and it doesn't look like we are heading back home unless there is divine intervention. If any intervention is to take place it would need to show up in the next 6-12 months. How's that for a deadline?
The options available right now aren't the most exciting. Maybe we can just continue doing fellowships until the "perfect" job shows up.