If Bitcoin goes up very high should i buy a house? - page 87.

LarryHocks

sr. member

Activity: 350

Merit: 250

Quote from: richardsNY on October 29, 2015, 08:49:32 AM

Real estate investments are good to have in your portfolio. I will most definitely do the same if the price gets high enough for me to afford a house.

You should it would be pretty cool if you got that, plus you can buy it with your own.
The bank is not involved if you do it like that, that's pretty nice.

Bitcoinbro

sr. member

Activity: 420

Merit: 250

Quote from: safari88 on February 03, 2016, 12:11:42 PM

Quote from: eeaweeaws on February 02, 2016, 08:13:29 AM

Quote from: safari88 on February 02, 2016, 03:56:24 AM

Quote from: Amph on February 02, 2016, 02:35:35 AM

Quote from: MTBTT on February 01, 2016, 11:28:16 PM

if you have 40 bitcoin right now, i think you can buy a good house now

what you're talking about 40 bitcoin is only $16k, you cna buy a garage at most, not even a good one

no way you can buy an house with that amount, here for example you need 40k for a good condition one(2 room) 40-50mq

all depends on the price of bitcoin. if bitcoin really go above $1000-5000 you certainly do not need to have a lot of bitcoin to buy a house.

so I would say 10 bitcoin is enough to buy a house Cheesy

No dude, what are talking about this moment? do you know how much price of bitcoin currently? you can think there 5000$ is too much high worth of 1 btc then when it will be possible i can't think about bitcoin worth will be reach to 5000$ this much.

I know that if bitcoin touched $5000 between unlikely and even if it may take a long time. maybe 10-20 years Grin

You can do that indeed. But I think if you do something you should do that you feel comfortable with.

I do not think you should go buy something because other people say that if you do that.

You can indeed save and quietly wait for what's coming.

ajun96

hero member

Activity: 658

Merit: 500

Quote from: wafersticks09 on February 04, 2016, 08:47:09 PM

If you have a plenty of btc why not buy. Anyway you can buy anything you desire as long as you have money.

yeah agree. even you can buy a house with bitcoin now, if you have a lot of bitcoin
will certainly need a lot more bitcoin to buy a house now, might require 100 BTC now to buy a home, unlike when you buy it in the future, may only require 5-20 BTC alone only

wafersticks09

full member

Activity: 126

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

If you have a plenty of btc why not buy. Anyway you can buy anything you desire as long as you have money.

martinacar

sr. member

Activity: 462

Merit: 250

Quote from: Anddos on February 04, 2016, 05:15:04 PM

Quote from: Dracov on February 04, 2016, 04:08:48 PM

If you have enough money in btc to buy a house, why not convert them to fiat that is relatively stable, keep them in the bank account and still make some money with the interest rate?

US is very favorable to mortgages and with 3% for 15yrs you can easily find and investment that exceeds the cost of the mortgage.
Plus, interest rate is tax deductible, which works in your way as well.

Also a good idea. Anything you decide to do, so it smart. At the moment you're free from debt and free to decide whatever you want. After you do it if things don't go your way it'll be too late.

Yes I think its also a good way to invest, and be not dependent on a bank.
Its a really good idea, and its also pretty awesome.

Anddos

sr. member

Activity: 378

Merit: 250

Quote from: Dracov on February 04, 2016, 04:08:48 PM

If you have enough money in btc to buy a house, why not convert them to fiat that is relatively stable, keep them in the bank account and still make some money with the interest rate?

US is very favorable to mortgages and with 3% for 15yrs you can easily find and investment that exceeds the cost of the mortgage.
Plus, interest rate is tax deductible, which works in your way as well.

Also a good idea. Anything you decide to do, so it smart. At the moment you're free from debt and free to decide whatever you want. After you do it if things don't go your way it'll be too late.

Dracov

newbie

Activity: 58

Merit: 0

If you have enough money in btc to buy a house, why not convert them to fiat that is relatively stable, keep them in the bank account and still make some money with the interest rate?

US is very favorable to mortgages and with 3% for 15yrs you can easily find and investment that exceeds the cost of the mortgage.
Plus, interest rate is tax deductible, which works in your way as well.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Yes. I would still choose physical property like land or a house more than currency and it doesn't matter if it's fiat or bitcoin. A person needs food water and shelter to survive, these are the basics so get a house stack up your shelves, buy a gun and you'll be safer than 99% of people who live in rented apartments and have food for a day or 2 in the fridge. Tongue

LuckyYOU

sr. member

Activity: 280

Merit: 250

Quote from: starbook on February 03, 2016, 08:28:47 AM

If you could buy a house with 80-90% of your BTC values then I suggest that as well, it's a safe and easy investment and additionally it's a place you can live in too.

You can actually go do that. But that also depends on from which house you want.
But I think you will now have to go save a lot before you can buy a house.
Unless it is really worth a lot.

mrhelpful

legendary

Activity: 1456

Merit: 1002

Quote from: clf99 on February 03, 2016, 12:15:20 PM

http://www.foreclosurelistings.com/foreclosures-under-10000/

i have no idea if the above things are real, but i tihnk it is possible to buy a real house in a crappy location under 15k for sure

Usually any home that has a lien with the creditor aka bank, there is more under the cover.

Just because a listing price maybe at like $5,000. The bank would want the difference before they submit the new ownership over. And that can be past unpaid balance that needs to be paid eg: $90k before the new ownership begin, which most will discover or do their homework on.

If the home is free in and clear- and you have done your homework then more power to you.

Moneyburner

member

Activity: 112

Merit: 10

I would do it to say I did it. Live for the moment, ect.

Anddos

sr. member

Activity: 378

Merit: 250

Quote from: phreaky on February 03, 2016, 03:49:05 PM

I can recommend this, However it will take some time for bitcoin to go up.
And yes there is no guarantee it will go up. So please be wise with your investment.

Agreed. Every investment should be carefully weighed down and turned on all sides before making a move. Acting on an impulse when dealing with finances is never a good idea.

phreaky

hero member

Activity: 546

Merit: 500

I can recommend this, However it will take some time for bitcoin to go up.
And yes there is no guarantee it will go up. So please be wise with your investment.

jchst

sr. member

Activity: 252

Merit: 250

I think I would if it reaches ridiculously high price!!

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: clf99 on February 03, 2016, 12:15:20 PM

http://www.foreclosurelistings.com/foreclosures-under-10000/

i have no idea if the above things are real, but i tihnk it is possible to buy a real house in a crappy location under 15k for sure

If we don't care about where to live we can buy cheap house almost everywhere. The only problem using BTC in one of these countries in which local currencies are so undervalued is that we will have troubles in finding the aforementioned local currency.

I'm thinking of Bhutan for example, I would love to move there.

clf99

member

Activity: 62

Merit: 10

liberty

http://www.foreclosurelistings.com/foreclosures-under-10000/

i have no idea if the above things are real, but i tihnk it is possible to buy a real house in a crappy location under 15k for sure

safari88

legendary

Activity: 1960

Merit: 1026

Quote from: eeaweeaws on February 02, 2016, 08:13:29 AM

Quote from: safari88 on February 02, 2016, 03:56:24 AM

Quote from: Amph on February 02, 2016, 02:35:35 AM

Quote from: MTBTT on February 01, 2016, 11:28:16 PM

if you have 40 bitcoin right now, i think you can buy a good house now

what you're talking about 40 bitcoin is only $16k, you cna buy a garage at most, not even a good one

no way you can buy an house with that amount, here for example you need 40k for a good condition one(2 room) 40-50mq

all depends on the price of bitcoin. if bitcoin really go above $1000-5000 you certainly do not need to have a lot of bitcoin to buy a house.

so I would say 10 bitcoin is enough to buy a house Cheesy

No dude, what are talking about this moment? do you know how much price of bitcoin currently? you can think there 5000$ is too much high worth of 1 btc then when it will be possible i can't think about bitcoin worth will be reach to 5000$ this much.

I know that if bitcoin touched $5000 between unlikely and even if it may take a long time. maybe 10-20 years Grin

starbook

full member

Activity: 137

Merit: 100

If you could buy a house with 80-90% of your BTC values then I suggest that as well, it's a safe and easy investment and additionally it's a place you can live in too.

MTBTT

hero member

Activity: 504

Merit: 500

Quote from: wildduck on February 02, 2016, 04:50:47 AM

If btc goes up i will buy big flat and a car for my parents.

yeah if bitcoin goes up its make price of goods more cheaper. i will wait for bitcoin high and i will buy smartphone Cheesy

gregyoung14

full member

Activity: 238

Merit: 100

I know I would! Or a car! Haha. That is what is fun with Bitcoin. All of us are basically very hopeful this would happen anytime now, hopefully sooner!

Topic: If Bitcoin goes up very high should i buy a house? - page 87. (Read 133943 times)