Topic: If Bitcoin goes up very high should i buy a house? - page 33. (Read 133924 times)

Have many investment would be great but we should think where we want to invest and choose carefully because lot of sites this time are scam and it's possible your site is scam too . If you success manage it you'll be good and we can buy a house and apartment for sure.

me too and i am agree with you because we should spread our money in many investment in real life so we make more money beside that its good for our wealth to be growth. and i think i will be buy an apartment or buy a gold and save in my bank account locker.

just to clarify. you need to already have some serious money to buy a house and just take a small loan to purchase it. this is still a long term investment. sure if you lucky you might sell it quickly for a big win, but then you are really lucky and could also bet on horses.
the main thing about this is, that it will always generate money for you. sometimes more sometimes less, but the chances of it getting you nothing in return are very slim. so this is kind of a playing it safe.

That would be a good decision and I would also do same if i have the right amount of Bitcoin to make that happen. I belief its possible but one just need the right amount of determination to make that happen because of the fear that when I sell now, what if the price increases tomorrow? Maybe I should wait a little bit before selling? all this questions will definitely want to stand in the way of that dream and needs to be answered quickly.

As long as you make profit there would be no problem with that, you are free to sell your bitcoins anytime when the price is high. Buying a house is a good option  especially if you are planning to use that house as your business so it will also generate income.

Ofcourse you should buy not only a house but a big house .
But i will suggest for fiat you need to sell your bitcoin wisely .
Be careful during the sell of Your bitcoin during the speedy increase price , If some more probability is looking for the future that price will rise then stop selling and wait for increase price .

This is a very user-dependent issue. If it was something I really needed to buy atm, I would consider it a good investment. But I would make the investment only if it does not compromise my financial life. It depends on the individual and situation.

It is true we can make the home arena of business if we can manage it well, typically House prices will rise depends like which way you use and how what you promote there my family also bought a House and resell it at a price that he bought, fortunately very fair in my opinion

If for business purposes then it's good to buy a new house, in that way you do not consider your new house as a liability but an investment. People think and directly assume that house is an investment but they do not think it depends on how you use the house, if it generates income then it will fit on the definition as an investment.

maybe you still should consider to buy one more. here is a reason why. you could rent it out and thereby generate a somewhat sure passive income. investing in businesses is fine, but they are a bit more risky and tend to pay of later rather then sooner.

All young people should buy a house but NOT WITH BITCOIN and here's why:

Pride of Ownership
Pride of ownership is the number one reason why people yearn to own their home. It means you can paint the walls any color you desire, turn up the volume on your CD player, attach permanent fixtures and decorate your home according to your own taste. Home ownership gives you and your family a sense of stability and security. It's making an investment in your future.
 
Appreciation
Beyond pride of ownership, it's important to realize another benefit. First, real estate moves in cycles, sometimes up, sometimes down, yet over the years, real estate has consistently appreciated. The Office of Federal Housing Enterprise Oversight tracks the movements of single family home values across the country. Its House Price Index breaks down the changes by region and metropolitan area. Many people view their home investment as a hedge against inflation.
 
Mortgage Interest Deductions
Home ownership is a superb tax shelter and our tax rates favor homeowners. Sometimes the mortgage interest deduction can overshadow the desire for pride of ownership as well. As long as your mortgage balance is smaller than the price of your home, mortgage interest is fully deductible on your tax return. Interest is the largest component of your mortgage payment.
 
Property Tax Deductions
IRS Publication 530 contains tax information for first-time home buyers. Real estate property taxes paid for a first home and a vacation home are fully deductible for income tax purposes. In California, the passage of Proposition 13 in 1978 established the amount of assessed value after property changes hands and limited property tax increases to 2% per year or the rate of inflation, whichever is less.
 
Capital Gain Exclusion
As long as you have lived in your home for two of the past five years, you can exclude up to $250,000 for an individual or $500,000 for a married couple of profit from capital gains. You do not have to buy a replacement home or move up. There is no age restriction, and the "over-55" rule does not apply. You can exclude the above thresholds from taxes every 24 months, which means you could sell every two years and pocket your profit--subject to limitation--free from taxation.
 
Preferential Tax Treatment
If you receive more profit than the allowable exclusion upon sale of your home, that profit will be considered a capital asset as long as you owned your home for more than one year. Capital assets receive preferential tax treatment. This means even if your profit exceeds the exclusion, the taxable portion will be much less than you might imagine.
 
Mortgage Reduction Builds Equity
Each month, part of your monthly payment is applied to the principal balance of your loan, which reduces your obligation. The way amortization works, the principal portion of your principal and interest payment increases slightly every month. It is lowest on your first payment and highest on your last payment. On average, each $100,000 of a mortgage will reduce in balance the first year by about $500 in principal, bringing that balance at the end of your first 12 months to $99,500.

Your credit score will go through the roof if you pay your mortgage on time every month. I've owned a home every year of my life since I was 19 years old and I don't believe my credit score has ever been lower than 820.

People here are ambitious enough to buy a house when the price of bitcoin is very high, in my case since I do have a house already I will not buy anymore as there is no purpose, I will just then invest on business in real world so I will be able to use my skills and deploy my passion.

you should buy a house. and that's a very good start in getting rich. don't gamble just save all your bitcoin. bitcoin will grow more in the future. that's why im investing in bitcoin to get more extra income. I use bitcoin also in trading for faster transaction. i need more one year to workhard to buy a house for my own and for my family in the future 

in my opinion, when bitcoin goes up, your plan to buy a house should change into bigger than a house maybe you will buy an apartment or hotel because in your hand you have a lot of i mean a big huge money and i am not sure if you are only buy a house rather than to buy something that really expensive.

if you can afford it and do not own a house/flat already then buying a house is almost every time a good idea. just make sure it is in good condition and you are not getting screwed with the price. bitcoin,  gold, stock even fiat can lose value over night. so can a house to, but you can still live in it. you will never be homeless and do not have to pay rent. this is worth something today.

To buy a house you need to draw a lot of paperwork. And to buy Bitcoin, it just should not be done. I do not believe that the price of Bitcoin is equal to the price of the house

It's good to be optimistic but being realistic is important as well, with the way the price move of bitcoin, we can tell that the future looks great. People are coming in to support and they are making the demand increases abruptly. Time will come that bitcoin will be more popular just because we are supporting it and this would not be possible if we are not getting the benefits of using bitcoin.

I agree it is also a good thing to have an optimistic view about the price of bitcoin.  This kind of attitude will surely gives you a good reward in life.  It is too early to tell if the price of a single bitcoin can buy a house or not.  But if you do the analysis, market wise, it is possible to hit this amount.  At this point for 21 BTC, and the current population, there will be 320+ people for 1 bitcoin.  Can you see the picture a decade later?

Yeah, we don't know what will gonna be the fate of bitcoin's price in the future but its good also to assume things especially if we aim for the best. House is a best investment since it is a necessity for all people. We should be optimistic about the price of bitcoin in the future. Having a strong belief on bitcoin will make it more stronger hence making us closer to our intentions in the future.

home is a long term investment that is very profitable, but for the moment I think the whole of my bitcoin is not enough to buy a house, maybe I will collect bitcoin more while waiting for prices to rise, but this is a good idea