If Bitcoin goes up very high should i buy a house? - page 43.

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Quote from: mirakal on October 02, 2016, 06:30:02 AM

Quote from: Capradina on October 02, 2016, 05:54:38 AM

Quote from: rekinthis on October 02, 2016, 05:32:24 AM

Quote from: doublemore on October 29, 2015, 05:04:54 AM

If Bitcoin goes up very high should i buy a house?

Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.

I don't think that it matters how you will spend these bitcoins, but you have to spend them. buy a house, buy a car buy something, as usually when price grows it crashes down time later

ahah, all things that we can buy in the bitcoin is something incredible. For we do not need to bring in real money and we can only use the internet after it sends into account bitcoin seller. But it won't happen for a while now, because it's still in the growth stage of the bitcoin and strengthen the Foundation of the

There are no major merchants in the internet that accepts bitcoin so we cannot enjoy our bitcoin if we are a big spender, in my case I just cash it out and just go to the mall and buy my needs and wants using fiat. On the other hand, I also spend big on gambling online so I already help on the market circulation of bitcoin.

We are the same i just cash it out and buy some foods or stuff online that could help me Cheesy

Thats right we should contribute to the cycle of bitcoin not like holding it for long time and sell because that could affect the bitcoin cycles it should be cycle give and take,

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Quote from: KingdomHearts on October 02, 2016, 05:31:01 AM

Quote from: Dora Doll on October 01, 2016, 07:58:00 PM

yes you can really buy a house from the income of bitcoin if its price raise so high, but it depend on two factors one is that how much bitcoin you have and the second is that what is the price value of the place where you want to buy a house.

you are right that we can buy a house through bitcoin income or profit if we hold our bitcoin for high price and then we get a profit from bitcoin and it can be possible to buy a house by bitcoin profit.

Of course that is going to be possible if you are going to work for bitcoin and first you must make buying your own house as your main goal for your work.

And if you are able to manage all of your source of income and you have been holding bitcoins for a longer time and you have bought it when the price is still low.

Then buy your own house because that is the best investment in our life.

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Quote from: Capradina on October 02, 2016, 05:54:38 AM

Quote from: rekinthis on October 02, 2016, 05:32:24 AM

Quote from: doublemore on October 29, 2015, 05:04:54 AM

If Bitcoin goes up very high should i buy a house?

Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.

I don't think that it matters how you will spend these bitcoins, but you have to spend them. buy a house, buy a car buy something, as usually when price grows it crashes down time later

ahah, all things that we can buy in the bitcoin is something incredible. For we do not need to bring in real money and we can only use the internet after it sends into account bitcoin seller. But it won't happen for a while now, because it's still in the growth stage of the bitcoin and strengthen the Foundation of the

There are no major merchants in the internet that accepts bitcoin so we cannot enjoy our bitcoin if we are a big spender, in my case I just cash it out and just go to the mall and buy my needs and wants using fiat. On the other hand, I also spend big on gambling online so I already help on the market circulation of bitcoin.

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Quote from: rekinthis on October 02, 2016, 05:32:24 AM

Quote from: doublemore on October 29, 2015, 05:04:54 AM

If Bitcoin goes up very high should i buy a house?

Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.

I don't think that it matters how you will spend these bitcoins, but you have to spend them. buy a house, buy a car buy something, as usually when price grows it crashes down time later

ahah, all things that we can buy in the bitcoin is something incredible. For we do not need to bring in real money and we can only use the internet after it sends into account bitcoin seller. But it won't happen for a while now, because it's still in the growth stage of the bitcoin and strengthen the Foundation of the

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Quote from: doublemore on October 29, 2015, 05:04:54 AM

If Bitcoin goes up very high should i buy a house?

Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.

I don't think that it matters how you will spend these bitcoins, but you have to spend them. buy a house, buy a car buy something, as usually when price grows it crashes down time later

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Quote from: Dora Doll on October 01, 2016, 07:58:00 PM

yes you can really buy a house from the income of bitcoin if its price raise so high, but it depend on two factors one is that how much bitcoin you have and the second is that what is the price value of the place where you want to buy a house.

you are right that we can buy a house through bitcoin income or profit if we hold our bitcoin for high price and then we get a profit from bitcoin and it can be possible to buy a house by bitcoin profit.

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Quote from: dunfida on October 02, 2016, 03:58:53 AM

Quote from: Positid on October 02, 2016, 03:39:04 AM

Quote from: Eodguy149 on October 01, 2016, 08:09:55 PM

If that happens you are going to want to avoid taxes. Cashing it all out will have significant capital gains and having a mortgage can have a lot of tax benefits. Definitely do your research

Well, bitcoin is tax free so you are lucky if someone will allow to sell their house for bitcoin, but I have a doubt in the future a problem may arise on the legality of the transaction because bitcoin is not a legal tender therefore it is hard to make a deed of sale for the transaction.

You have a point though , it would be a big problem regarding on legalization because bitcoin is not a legal tender but still you could make transactions between you and the seller and just make a notary on the said thing. As long you secured about the transaction then there would be no problem at all.

There are ways to make it legal but there was not transaction between the seller and the buyer, you know what the government are really after for the tax especially when you are selling your property, that is a big tax liability their for your income, so bitcoin gives us the benefits but the problem is the legality.

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Quote from: Positid on October 02, 2016, 03:39:04 AM

Quote from: Eodguy149 on October 01, 2016, 08:09:55 PM

If that happens you are going to want to avoid taxes. Cashing it all out will have significant capital gains and having a mortgage can have a lot of tax benefits. Definitely do your research

Well, bitcoin is tax free so you are lucky if someone will allow to sell their house for bitcoin, but I have a doubt in the future a problem may arise on the legality of the transaction because bitcoin is not a legal tender therefore it is hard to make a deed of sale for the transaction.

You have a point though , it would be a big problem regarding on legalization because bitcoin is not a legal tender but still you could make transactions between you and the seller and just make a notary on the said thing. As long you secured about the transaction then there would be no problem at all.

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Quote from: Eodguy149 on October 01, 2016, 08:09:55 PM

If that happens you are going to want to avoid taxes. Cashing it all out will have significant capital gains and having a mortgage can have a lot of tax benefits. Definitely do your research

Well, bitcoin is tax free so you are lucky if someone will allow to sell their house for bitcoin, but I have a doubt in the future a problem may arise on the legality of the transaction because bitcoin is not a legal tender therefore it is hard to make a deed of sale for the transaction.

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If that happens you are going to want to avoid taxes. Cashing it all out will have significant capital gains and having a mortgage can have a lot of tax benefits. Definitely do your research

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yes you can really buy a house from the income of bitcoin if its price raise so high, but it depend on two factors one is that how much bitcoin you have and the second is that what is the price value of the place where you want to buy a house.

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Quote from: Oralmat on October 01, 2016, 09:50:59 AM

Quote from: StarofBTC on September 29, 2016, 03:38:51 PM

Quote from: serjent05 on September 29, 2016, 01:20:51 PM

Quote from: hawkins on September 21, 2016, 12:25:02 AM

Well, I'm thinking of buying a house with bitcoin bitcoin someday if I am already very much, for now I think the focus on business is a very good thing to do. but if you already have a lot of bitcoin and was enough to buy a modest house, I think it is the right time to buy a house, because it was also referred a long-term investment

I agree, we have the right to dream and it is really needed so we have inspiration in life. But to make this dream come true we should have all the materials needed to fulfill it. If we are lacking something then we have to work for it. Just waht hawkins said, if you have not much of bitcoin then, don't wait for it to become 10,000x higher instead work for it to multiply a thousand fold.

Yes, having big dreams based on bitcoin is not wrong. But having only dream with bitcoin but not taking any necessary steps must be wrong. We need to work hard in order to have enough bitcoins to fulfil our dreams. Without hard work we will not be successful even we are having the better system bitcoin.

To have our team into real, we must work hard to have all the required things particularly more number of bitcoins.

Yes, i agree with you, if our dream depend on only Bitcoin so it has clear mean that we should hard work with bitcoin, if we want to get reward from bitcoin. Otherwise only depend on thinking that i have bitcoin and one day it give me a big profit, So i think it is useless.

Plan without actions would be useless for sure, If we do have long term plans on bitcoin we must start now to save up more bitcoin to fulfill that dream but as we all know bitcoins price is unpredictable thats why we are a little bit hesitant to go full invest with it.

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Quote from: StarofBTC on September 29, 2016, 03:38:51 PM

Quote from: serjent05 on September 29, 2016, 01:20:51 PM

Quote from: hawkins on September 21, 2016, 12:25:02 AM

Well, I'm thinking of buying a house with bitcoin bitcoin someday if I am already very much, for now I think the focus on business is a very good thing to do. but if you already have a lot of bitcoin and was enough to buy a modest house, I think it is the right time to buy a house, because it was also referred a long-term investment

I agree, we have the right to dream and it is really needed so we have inspiration in life. But to make this dream come true we should have all the materials needed to fulfill it. If we are lacking something then we have to work for it. Just waht hawkins said, if you have not much of bitcoin then, don't wait for it to become 10,000x higher instead work for it to multiply a thousand fold.

Yes, having big dreams based on bitcoin is not wrong. But having only dream with bitcoin but not taking any necessary steps must be wrong. We need to work hard in order to have enough bitcoins to fulfil our dreams. Without hard work we will not be successful even we are having the better system bitcoin.

To have our team into real, we must work hard to have all the required things particularly more number of bitcoins.

Yes, i agree with you, if our dream depend on only Bitcoin so it has clear mean that we should hard work with bitcoin, if we want to get reward from bitcoin. Otherwise only depend on thinking that i have bitcoin and one day it give me a big profit, So i think it is useless.

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Also keep in mind that you have maintenance costs if you own a property.
There may be yearly taxes, costs to maintain the house if you have any issues like a leak in the roof or a broken pipe.
Factor this into the cost when you are deciding how much you can afford to spend on a property.

I saw a report on a very expensive house that has been sitting empty for years because the upkeep is around $1 million a year.
You would have to be a billionaire just to afford the yearly taxes and maintenance fees! Undecided

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Quote from: jaysabi on October 01, 2016, 09:15:22 AM

Quote from: Positid on September 30, 2016, 03:43:39 AM

Quote from: jossiel on September 30, 2016, 03:10:43 AM

Quote from: jstern on September 30, 2016, 12:13:37 AM

If you do make sure you pay taxes on those Bitcoin, else you will lose more than you have. Don't want to get audited.

Does bitcoin have tax? I don't think bitcoins do have tax but only miners fee so if you are going to buy your own house with bitcoin.

That is just going to cover up when you convert it to fiat money. And that is the time that you are going to pay government tax for buying your house.

But I don't care about taxes as long as I am able to buy my own house with bitcoin, that is success!

Maybe we can consider that as tax, but it is a minimal amount compared to the amount we are paying in real life taxes. Having said that, we are still enjoying transacting online because it is very fast and anonymous, we cannot have that in real life because all transactions are subject to tax.

Regardless of how you buy your house, you're going to have to pay taxes on it when you sell. If you're buying a house with bitcoin, you're still going to use the USD equivalent for tax purposes. All real estate transactions are registered with a county or local government office, you cannot buy a house anonymously.

Yeah it is very true. Because the mail property rights from land or the House is already registered in the country. So if we buy a House with bitcoin then would still be taxed, because the tax is the one thing that is mandatory in respect of all citizens

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Quote from: Positid on September 30, 2016, 03:43:39 AM

Quote from: jossiel on September 30, 2016, 03:10:43 AM

Quote from: jstern on September 30, 2016, 12:13:37 AM

If you do make sure you pay taxes on those Bitcoin, else you will lose more than you have. Don't want to get audited.

Does bitcoin have tax? I don't think bitcoins do have tax but only miners fee so if you are going to buy your own house with bitcoin.

That is just going to cover up when you convert it to fiat money. And that is the time that you are going to pay government tax for buying your house.

But I don't care about taxes as long as I am able to buy my own house with bitcoin, that is success!

Maybe we can consider that as tax, but it is a minimal amount compared to the amount we are paying in real life taxes. Having said that, we are still enjoying transacting online because it is very fast and anonymous, we cannot have that in real life because all transactions are subject to tax.

Regardless of how you buy your house, you're going to have to pay taxes on it when you sell. If you're buying a house with bitcoin, you're still going to use the USD equivalent for tax purposes. All real estate transactions are registered with a county or local government office, you cannot buy a house anonymously.

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Quote from: MaritiJames3 on September 29, 2016, 05:31:21 PM

I find real estate a good investment, for nearly everybody, because yes, you should be able to afford it and not many can. But if you can then sure use your profit to buy real estate. But don't cash out just yet, i am pretty sure there is more to come for bitcoin.

Investing in real estate is not always profitable. Those dealers know their sh*t and they always want to sell you what will cost less in the future for the highest price possible. A friend of mine bought a house for $200k several years ago and today the house costs $100k max.

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Quote from: pocarime32 on September 29, 2016, 09:10:13 PM

if i were you, yes, i would buy a house when the bitcoin's price goes up very high. Investing in a property is one of the best method for investment when you sell all your coins, especially in my country.

Here too, investing in real state is really great if someone can afford to do it because the more time passes the houses or places gets more expensive so if i personally had or will have enough bitcoins i would probably buy a house with them.

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Quote from: jossiel on September 30, 2016, 03:10:43 AM

Quote from: jstern on September 30, 2016, 12:13:37 AM

If you do make sure you pay taxes on those Bitcoin, else you will lose more than you have. Don't want to get audited.

Does bitcoin have tax? I don't think bitcoins do have tax but only miners fee so if you are going to buy your own house with bitcoin.

That is just going to cover up when you convert it to fiat money. And that is the time that you are going to pay government tax for buying your house.

But I don't care about taxes as long as I am able to buy my own house with bitcoin, that is success!

In my country there is something called land transfer tax.
That means you have to pay taxes when you buy the land where your hous stands on.
That is a tax you can't avoid, even when you pay with bitcoins. Land transfers are recorded, so the state knows from whom it has to be collected.

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Quote from: jossiel on September 30, 2016, 03:10:43 AM

Quote from: jstern on September 30, 2016, 12:13:37 AM

If you do make sure you pay taxes on those Bitcoin, else you will lose more than you have. Don't want to get audited.

Does bitcoin have tax? I don't think bitcoins do have tax but only miners fee so if you are going to buy your own house with bitcoin.

That is just going to cover up when you convert it to fiat money. And that is the time that you are going to pay government tax for buying your house.

But I don't care about taxes as long as I am able to buy my own house with bitcoin, that is success!

Maybe we can consider that as tax, but it is a minimal amount compared to the amount we are paying in real life taxes. Having said that, we are still enjoying transacting online because it is very fast and anonymous, we cannot have that in real life because all transactions are subject to tax.

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