I find this discussion interesting as I have been looking at my home as a possible escape plan. The problem is the rest of the family enjoys living here, while I'm pretty miserable.
We bought our home for 765k in 2007. It's about to be valued again, because we are planning to refi, but Zillow and such value it around 1.1 million now. A house around the corner, (albeit on a larger lot, larger home, nicer inside) went on the market for 1 mil, was zillow valued around 1.3, and sold for 1.6 million. I get the feeling that the market is peaking, and would really love to sell and move to a cheaper area to get a good sized house with some acres. Even with a house at 400k, with a mortgage we could live years off of savings while setting up a new life, and work remotely.