Hmm, let me add a little bit of counter-narrative to that. I've done the long commute thing for long periods in my life. Once I had a job 252km from home. I did that for almost a year. Now I have my own company, but my business premises are located more centrally in our country than where my home is. I like my company to be very well accessible to my customers, but I like to live in the countryside too. Nowadays (well more like the last 15 years) my commute is a one-and-a-half hour trip, twice a day.
Do I like it? Not really. Especially not with the ridiculous amounts of traffic we have here. Do I hate it? Nope. Why? Well the first time my wife and I talked about it and we both thought it was a very good opportunity to improve my skills and resume. With hindsight I can say it really did and that it was worth every minute of it. The current long commute was a well-considered decision too. This time because we thought it would be better for business. Every time I arrive at my home I still am glad we made this choice. We live in a great place with lots of space, which is something that is very hard to find in our country. Unless you want to be a farmer, and even then.
So, my advise would be to weigh the pro's and con's carefully. And do this together with your loved ones. If you (all) consider it a good investment of your time and effort, and those who stay at home are willing to bear the load of you not always being there, then (and only then) it might be a good thing to do. Ask yourself if it is worth it to you and those around you. Both in a monetary sense, in a sense of opportunities, and in a sense of what it will mean to those who live with you.
If you do choose to do this, then make sure you negotiate that commute time is (at least partly) considered hours payable.
HTH