I agree with the others that the home equity/net worth ratio is not something to worry about. Otherwise I'd have to worry a lot since my home equity as a percentage of net worth is higher than yours (by double). It just means my house is overpriced. Such is the case for many folks in So. Cal.
If you're close to your families, and in a decent school district, I'd think about staying put... and consider a downsize/equity extraction when they are out of the house. That's our tentative plan if there's a market downturn (or if/when one of us needs long-term-care).
The property taxes may be higher than those of us with older houses... but they are a fixed, predictable expense... which is a big advantage for planning. When I lived in PA I had them go through a periodic reassessment and had my property taxes double from one year to the next.
If you're close to your families, and in a decent school district, I'd think about staying put... and consider a downsize/equity extraction when they are out of the house. That's our tentative plan if there's a market downturn (or if/when one of us needs long-term-care).
The property taxes may be higher than those of us with older houses... but they are a fixed, predictable expense... which is a big advantage for planning. When I lived in PA I had them go through a periodic reassessment and had my property taxes double from one year to the next.