650k in equity, had it 12 years, when to cash out getting older

[Dave Fairb]

Numbers can be crunched. But what about the other factors of life? 

I have a house and about $650k in equity. House is going to go up some more. But how long to hang on to it? 

House is 70 years old and it's been a giant pain in the *** a lot of the time. Is a lesser pain in the *** nowadays, mostly due to me living on site in part of it. 

I'd have to continue landlording, which I can do, but it's work and I'm kinda tied down by the house in it's current set up. 

I can't pull anymore equity out of it, as I'm business for self.  It's my only property at the moment, all my money is tied up in it. 

I'm feeling stalled with it.  Like I've had it for 12 years, and there's always been this carrot on a stick of the value of the house going up. 

But how long do you chase that carrot around ?  After all it is just a carrot on a stick until you get a hold of that equity/carrot. 

The fun things I'd want to do with that equity/$, like adventure travel, see my daughter more often.. she's across the country, hiking, convert my van into a camper and road trips etc...      Those things are only available for so many years. 

You know, like the equity in this house will likely go up... there's factors indicating that.  But I'm 58 now and if I hang on to it for another 12 years I'll be 70. 

I'm thinking to sell the house, put 20% down on a new condo in a nearby up and coming town called Squamish. Rent out that condo, and just rent a place for myself down by the beach for a while. Do some travelling, covid restrictions, but can still travel to places. 

Get my bearings as to how it is without owning this house and see where I want to go/do.

My house has made me a lot of money IF I sell it. But to be real, it's been like a bad marriage for 12 years... the kind of marriage where you're constantly wondering if you should have done it. I think I'd have regrets if I lived with those doubts for much longer, I think they'd become regrets when I look back.