<prompt> Human: I am 300k is debt and selling my house will leave me with 350k cash. I am thinking of buying a sub-median house with the proceeds and get out of paying a mortgage. I have no other debts. I make 100k before tax and I am 20 years from retirement, no children. Do you think right now is a good time to sell or should i hold the house in the hopes it appreciates further? Are there other investment options that may have a higher rate of return?  <response>: How much frequently are you currently paying down the 300k debt, and where does that debt come from? Is it feasible for you that your debt will be eliminated without selling your home in the nearmid future? This can help influence a recommendation. Regardless, removing debt - especially 300k - is absolutely recommended before making investments, which is what it sounds like youre treating your home as. I personally view your home as a liability since it is taking away capital from removing debt, but thats a philosophical view that Im sure many may not echo. Theres little utility in having an above-and-beyond home now when that money can be better leveraged to remove your debt entirely and eliminate your monthly mortgage obligation. Thats a ton of free capital that you can use to maximize other investment avenues like your retirement plan, storing a bit more in the emergency fund, investing in real estate down the road think rental property, not your own home, etc. I tend to shy away from looking at my home as an asset. Yes, the hope is that it will appreciate, but I would rather put my investment faith in other means. Real estate not withstanding - just not my own home! Edit: Grammar 