Who cares if you buy yourself a house when the price goes moon. No one cares.
By the time the price is reaching some serious highs you have already sold all your coins.
Topic: If Bitcoin goes up very high should i buy a house? - page 90. (Read 133987 times)
Probably will buy some into miners and have it installed in sweden or somewhere mining is cheap. This is so I can still have passive income in bitcoins and not eventually lose them all in spending.
I would definitely do that. I live in an apartment and I am saving up to buy a house.
A house is always a good investment. Keep or sell it later - you'll never make a mistake by buying one.
Buy a luxury trailer instead, it's mobile, and it costs less to maintain.
of course you should if the bitcoin will make someone a millionaire i think it would be worth spending a lot of money to celebrate such a great happening
A millionare.. no but bitcoin can help you to rise your ssets.
However don't count on it. Just take part of this great innovation... in the end it's what bitcoin is all about...
of course you should if the bitcoin will make someone a millionaire i think it would be worth spending a lot of money to celebrate such a great happening
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.
if you need to buy a house,why not? It all depends on you, but the first you need convert to fiat and this will take a time except the seller accept bitcoin. 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.
At first you can do what you like with your money. But I think you should wait first.
You have to sell at the right time and you Bitcoin exchange. you'll make the most of.
You have to sell at the right time and you Bitcoin exchange. you'll make the most of.
Its what you find very high its of course possible and also very nice if it is possible. you need a lot of bitcoin for it. Maybe its possible soon but I think it will take a while for the bitcoin will even raise. I hope we all make some profit at the end.
It would be a cool story to tell people, that you bought your house with bitcoin you bought 5 years ago or something
it has been done in the past, nothing new: http://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
I always thought it was funny that people here will go to great lengths to convince other people that Bitcoin is such a good idea (banking under your own control, instant access, a hedge against currency risk, a safe haven from bank crises, low transaction fees, open source, blockchain, scarcity and declining inflation, ...) and the first thing they do once the price goes up is sell out and buy a liability like an expensive house with it... (note that Kristoffer only cashed out one fifth of his stash)
Kind of like those religious evangelists that preach one thing and do the opposite.
It is not a bad idea for going to buy a house if Bitcoin goes very high, the time will come soon when you can buy everything in your daily life just like what you are doing with fiat currency, and one more benefit will be that in the coming future you can do everything buying and selling Online, so bitcoin will play a big role in Online Shopping. Same their will be Real Estate Agents who will start using Bitcoins as payment for Properties.
I don't regularly see anyone selling real estate properties being sold for bitcoin. I just saw it here in bitcointalk.
I you have experienced buying a real estate property, you should see that transactions like this, I suppose the owner of the property gets to pay all the fees for the atty, the broker and the escrow for the legal papers.
I think it's a good idea to buy a house when the bitcoin goes up very high. So i sell all my bitcoin when the price increase very high and buy a house for that. it's more safe though, because someday the bitcoin price will go down.
It would be a cool story to tell people, that you bought your house with bitcoin you bought 5 years ago or something
Maybe it's a good idea for Real Estate Brokers to make Bitcoins as a option to pay not for the entire amount for the house but maybe for the down payment for buying a new house like the usual in my country which is 20%. Then the rest can be paid in Fiat.
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.
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.
hımmm 80-90 % is a good rate .. whenever you catch up these rates, you should buy your house without mortgage... good luck already
well its your money so you can do whatever you want with it, though if i were you i would definitely do that i would buy all the stuff with bitcoin if i was rich
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.
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.
Probably not, I think the housing market is very inflated now, it would not be a good idea to buy house in this inflated market.
Wait a 5-6 more years and see if the price drops lower, there is a massive imbalance in empty houses and demand for it, the price will probably go down.
In my city, the housing prices have doubled over the past 6 months and the properties that were worth around 70k dollars is worth 140k now. It's always wise to invest in properties but very few people do accept bitcoins in exchange for properties and the only way out is to exchange it for fiat first and then buy the house.
Why would you want to invest when the price doubled? It's too expensive now.
Why not wait a little bit until price goes down and buy then?
I wanted to sell a property for bitcoins and accept 5-10% in bitcoins but then I noticed that it's going to be a huge risk to accept bitcoin payments as you need to find buyers too immediately to sell them for fiat cash. Can't risk to hold 100k in bitcoins with the current price fluctuations and hence it wouldn't be wise to even buy a house with btc. It's better to convert the cash in fiat and then buy.
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