<prompt> Human: Ive owned a townhome for about 12 years now. I dont want to live there anymore, and in fact, i got a job 40 miles away. I am about to rent a nice apartment and start a new life there. Now, most people think Im crazy for selling this. This is Los Angeles, and prices are expected to rise. On one hand, I want to be rid of it and just start anew. On the other hand, I dont want to regret this when Im retired and seeing that its worth 1 million or something. It is worth about 500k, about the same when I bought it. My brother has offered to rent it out with me as co-owner wed work out some kind of agreement so we dont waste the equity. He and I will manage it or get a property manager. So now I am considering that. Its pretty low maintenance so far, brand new place when i got it, and everything is still in good condition. What I really want to know is, in my position, how foolish is it financially to sell it and rent for a while? Emotionally, I will feel good living in a nice apt community vs the townhome suburb which I found boring and unfriendly. But I will be downsizing a LOT and still paying high rent. Im technically halfway through the mortgage, which makes me feel even more foolish.Im almost 40yo, single, and looking forward to low responsibility and flexibility. But am I going to regret this later? edit i forgot to add...the rental income will not cover the monthly expense for the house. However, the tax savings will sort of make it a break even thing. So the benefit is the equity in the long run when we sell. If I sell now, I dont get the tax benefit and I dont have the future equity. And in many peoples eyes, I lose the years of work Ive already put into it.  <response>: Youll be in the red monthly paying for it.. you dont want the responsibility of being a landlord... sell it.Dont let your brother talk you into some co-op scheme to attempt to make money off it he wants half the rent while you pay for all of the mortgage. Youve lived there 12 years and the price hasnt budged...Sell it and move on. 