I live in a small single family home in one of the beach areas in Southern California. And have spent the last few years witnessing my home appreciate in value at a level that is unbelievable. I have a thirty-year mortgage on my home that will be paid off in another 10 years. My current payments are $1435.00 plus $ 600 in property taxes each month. Ten years ago I would have never believed that this type of appreciation would be possible. And other than a slight “adjustment in the market” There seems no end to it. In studying comparative sales in neighborhoods close to me, it looks like I have about $300,000.00 in equity. This is Unbelievable, and gives me retirement opportunities beyond my wildest dreams.

So now I am in a quandary on whether to sell my 20 years old home or remain where I am and refinance. So I am exploring the following options:

• Refinance and remodel or upgrade my home and pay off the pesky credit card and car loans.
• Refinance and with the proceeds invest in another piece of property, in such hot markets as the Green Valley area of Las Vegas. Rent the property and then I can have the tax benefits of a rental property.
• Sell this property and move to a beautiful new home in the Las Vegas area. I can purchase a home in Nevada and live mortgage free.
  

As I explore all my options I am beginning to believe think that the smartest thing I could do is purchase a new home in Lake Las Vegas.