Hello Mr. Schlomo,
As the other agents noted, it is tough to answer definitively without knowing more information. That said, moving up makes the most sense, and can be profitable. Let's take the following hypothetical situation:
If you sell a $600,000 house that was $720K (20% higher) at the height of the market, that is a "loss" of $120K.
If you buy a $1,000,000 house that was the same 20% higher at $1,200,000 you "made" $200K.
Net net your move just "made" you $80,000.
Now I know that is simplified, but a good way of looking at the situation in general.
In Mar Vista, 90066, right now, I am selling a short sale that the bank has agreed to accept $1.4M that would have definitely sold over $2M at the height of the market, so there are deals out there to be had.
Let me know if you would like to discuss the specifics of your situation further Sir, so I can better advise you.
West Los Angeles Realty