If Bitcoin goes up very high should i buy a house? - page 45.

Newcoins2020

sr. member

Activity: 406

Merit: 250

Quote from: NorthPixel on August 04, 2016, 12:38:33 PM

Quote from: mirakal on August 04, 2016, 08:37:14 AM

Quote from: elyas772 on August 03, 2016, 10:26:13 PM

Quote from: doublemore on October 29, 2015, 04:04:54 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 agree with the idea of buying a home, but if you already have a nice house, can buy others such as land, or others. And it would be better to buy only needed, and the rest can be saved for future savings. because we do not know what the financial problems we will face in the future.

Of course, what is the reason of buying another house when that will only become a dead investment. You have no idea how expensive to maintain a big house, so it that will not generate money for you, you are losing on a daily basis, so we really need to think wisely on how to manage our finances once we make money from bitcoin.

If you buy another house as a investment, that will be a worse investment than the bitcoin as bitcoin will rise faster.

At a certain point it will stop rising which means your house will be worth more, it will cut out monthly costs and it will be an okay investment.
I think it's worth it to buy a house but I don't think bitcoin will get that far though.

Betwrong

legendary

Activity: 3514

Merit: 2246

🌀 Cosmic Casino

Quote from: universe_ on September 20, 2016, 05:55:54 PM

Quote from: wibuindon on September 16, 2016, 02:34:26 AM

I bought my house when BTC was around $200, would have been much better off getting a mortgage and paying it over time.

well to be honest you are right because you would have made way more money if you held those bitcoins till now

Maybe yes, but who knows for sure what is the right time to spend your coins. If he bought them for $50 and sold for $200 he already had a good profit. That's one the reasons why Bitcoin is not rising indefinitely - people who bought for a lesser price than at the moment start selling their coins.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: icecube45 on September 21, 2016, 01:15:52 AM

Maybe if bitcoin rose very high into 1btc worth $ 3,000 that will be able to buy a home with ease, even with only collect only we could get home. It could be better if bitcoin prices continued to improve.

And let us hope it will happen soon because there is no sense if we buy a house if we cannot live it, you know we are getting older while we are waiting for the price of bitcoin to rise and though majority of us are optimistic for that to happen but we need more time I guess.

icecube45

legendary

Activity: 1218

Merit: 1000

Maybe if bitcoin rose very high into 1btc worth $ 3,000 that will be able to buy a home with ease, even with only collect only we could get home. It could be better if bitcoin prices continued to improve.

blackmachinegun

hero member

Activity: 532

Merit: 500

Quote from: bitcoinisbest on September 21, 2016, 12:36:49 AM

How many bitcoin do you have that after selling you will be able to get a house. Also it will depend upon where you buying and how much area of the house you want to buy to get the house

I think if in view of bitcoin prices are in the range of $ 600 might you need at least 30 BTC to be able to buy a simple house pretty good. I think it would depend on the rate of bitcoin at that time. certainly when bitcoin prices to go up. you need a little bitcoin dude

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: bitcoinisbest on September 21, 2016, 12:36:49 AM

How many bitcoin do you have that after selling you will be able to get a house. Also it will depend upon where you buying and how much area of the house you want to buy to get the house

The most important factor to determine that is the value of bitcoin when the time you will sell your bitcoins, regardless of the number of bitcoin you are holding but the value will not increase you will still not be able to buy a house, let us just continue to save and hope the value will rise in the future so the right time will come for us to buy.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

How many bitcoin do you have that after selling you will be able to get a house. Also it will depend upon where you buying and how much area of the house you want to buy to get the house

madwica

hero member

Activity: 714

Merit: 531

Quote from: Gahs on September 20, 2016, 11:44:53 PM

Well if you have the money to buy a house and you need a house, I see no reason coming to this forum to seek advice. Just go and buy the house! Huh

Agree with you, If you do not have a house and you have enough money just buy it and start to collect more bitcoin again and buy another things that you need if you already have enough bitcoin in your bitcoin wallet.

Gahs

sr. member

Activity: 294

Merit: 250

Minter

Well if you have the money to buy a house and you need a house, I see no reason coming to this forum to seek advice. Just go and buy the house! Huh

hawkins

hero member

Activity: 1204

Merit: 500

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

jossiel

hero member

Activity: 3220

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: universe_ on September 20, 2016, 05:55:54 PM

Quote from: wibuindon on September 16, 2016, 02:34:26 AM

I bought my house when BTC was around $200, would have been much better off getting a mortgage and paying it over time.

well to be honest you are right because you would have made way more money if you held those bitcoins till now

So if he bough a lot of bitcoins by that time and became more patient until today for sure the worth is wait and possibly you are able two house.

And this is my dream to buy my own house where I can live peacefully and I am the one that is going to design the whole house for my own's sake.

I hope the price is going to reach higher so that I can buy my own house.

universe_

sr. member

Activity: 448

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: wibuindon on September 16, 2016, 02:34:26 AM

I bought my house when BTC was around $200, would have been much better off getting a mortgage and paying it over time.

well to be honest you are right because you would have made way more money if you held those bitcoins till now

praprata

sr. member

Activity: 420

Merit: 250

If you can buy a house with the money that you can make of Bitcoin then you can buy a house but if you already have a house then I would not do it.
But if you really want a other house then tho it, it is your money so do why makes you happy.

lionheart78

legendary

Activity: 2982

Merit: 1153

Quote from: relq on September 18, 2016, 07:24:23 AM

Actually it's a good plan, buy a house when the price of bitcoin increase so high. So, when the price goes up, you sell all your coins and invest it into a house. Because i'm sure the price of bitcoin not always goes high. It will goes down again.

Indeed it is a good plan to buy a house, but the problem on having a house is all the legal fees attached to it. Expenses with house does not stop after you bought it. Maintenance, taxes and other legal fees, I would rather invest my BTC in a cultivated land like farm land or other stuff the gives you or produce products that you can sell and earn a profit. That way the BTC i sold for buying this kind of stuff keeps producing more earning for me.

kanazawa

hero member

Activity: 756

Merit: 500

If you live in a place where inflation or fluctuation rate is low in imobiliary sector, you better buy with fiat. But if your currency is the safety port and the aquisition of house are little difficult it's ok. In big cities to buy a house it's a problem, because fluctuation is very high, in up-country the price goes up very slow. So, depending where you live it is a good thing to do. Also, many places has a government control in the imobiliary market what makes the use of BTC in all sectors very good.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: relq on September 18, 2016, 07:24:23 AM

Actually it's a good plan, buy a house when the price of bitcoin increase so high. So, when the price goes up, you sell all your coins and invest it into a house. Because i'm sure the price of bitcoin not always goes high. It will goes down again.

thats right the price keeps on fluctuating so better to make a good timing if the price went up to high better to exchange it right away and invest with your dream house mate.

relq

sr. member

Activity: 420

Merit: 250

Actually it's a good plan, buy a house when the price of bitcoin increase so high. So, when the price goes up, you sell all your coins and invest it into a house. Because i'm sure the price of bitcoin not always goes high. It will goes down again.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: Rostadom on September 16, 2016, 07:06:25 AM

Why not? Buying a house would be financially wiser than renting one. There are rent-to-own houses available in my country but I guess there's not any in OP's area. Having your own house is so convenient, you can do what you want with it. You can extend it, paint it, whenever you want simply because you own it. Also, a house could be an investment as well. You could buy it low and then sell it later for a higher price.

I think the question OP is asking needs an answer financial wise, not what can he do with him owning a house besides what you have told about it can be also done by renting one, it depends on the agreements. But yes OP is right about buying a house to don't have a problem with mortgages. It's either you have a problem paying it monthly or paying it one time and having not to worry what to do with the monthly mortgage.

Rostadom

hero member

Activity: 713

Merit: 501

Why not? Buying a house would be financially wiser than renting one. There are rent-to-own houses available in my country but I guess there's not any in OP's area. Having your own house is so convenient, you can do what you want with it. You can extend it, paint it, whenever you want simply because you own it. Also, a house could be an investment as well. You could buy it low and then sell it later for a higher price.

puremage111

hero member

Activity: 1568

Merit: 511

of course, get a place for you to stay if you can pay out all the loans, once you have a place to live, you can focus on earning more btc

Topic: If Bitcoin goes up very high should i buy a house? - page 45. (Read 133990 times)