If Bitcoin goes up very high should i buy a house? - page 93.

GannickusX

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Quote from: ajun96 on January 20, 2016, 07:23:23 PM

you don't need to wait for the future. if you have a lot of bitcoin right now, you can buy a house now,
bitcoin is real money, you can spend anytime

Well, you would have to sell bitcoins for fiat in order to buy a house, as far as I know it's almost impossible to find someone selling houses for bitcoins and no surprise there. Who is going to sell a house for 400 bitcoins so you can see how the next day the price goes down and you lose thousands of dollars.

ajun96

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you don't need to wait for the future. if you have a lot of bitcoin right now, you can buy a house now,
bitcoin is real money, you can spend anytime

SuperCoinGuy

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Defender of Bitcoin

My long-term goal is to buy some real estate property preferably by the seaside with cashed out bitcoins which I could rent out and have a steady side income.

jt byte

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Quote from: Bardman on January 20, 2016, 08:21:18 AM

Well I don't know about bitcoin's price but here in Spain, my house was worth 150k euros a few years ago and now you can buy a house like mine with around 50k euros, so it's definitely the best time to buy a house, at least here. It's extremely cheap and I find it hard to believe that it will get any cheaper.

I have been in vacation in Spain they are really some really good houses also in the sea or in the mountain.
I wish I live in Spain is just nice weather in the summer.

Buying houses with bitcoin is just difficult if they don't accept bitcoin.

Bardman

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Well I don't know about bitcoin's price but here in Spain, my house was worth 150k euros a few years ago and now you can buy a house like mine with around 50k euros, so it's definitely the best time to buy a house, at least here. It's extremely cheap and I find it hard to believe that it will get any cheaper.

stromma44

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Quote from: LuckyYOU on January 20, 2016, 07:44:20 AM

This would all depend on how much 1 btc will be worth
But if btc does ever get that high, yes you should go for it if you can
Would be amazing to be able to say that you bought a house with bitcoin

If it goes high and you are in a plan for a house, sure you need to go for it. In this time after a crisis if it suddenly moves to a peak it won't be found stable for a long time, So in the mean time if you can just try to trade with your bitcoins and go for the house, which can make proud that house is of my bitcoins.

LuckyYOU

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This would all depend on how much 1 btc will be worth
But if btc does ever get that high, yes you should go for it if you can
Would be amazing to be able to say that you bought a house with bitcoin

Piltover

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I think that will be a great idea to do.
Just buy it in one time I. Just buy it all, because is better. I hope you can buy a great hope tell us if you bought it and what kind of house.

Jimbola3

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Quote from: crazywack on January 14, 2016, 04:56:20 AM

Hold up, I'm in firm belief we will see another bubble soon and the housing market will crash harder. You can then buy the whole block and BE the landlord.

This will probably happen in July this year. The housing market crashes and the bitcoin price rises.

jmintuck02

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★Bitvest.io★ Play Plinko or Invest!

You could buy a house with no mortgage. That is how I'd do it. I would buy myself a condo in a luxury place with

no mortgage if I could help it. A house is a good thing to get as you'd have your shelter looked after. I really don't

see why not.

adibe

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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.

Yup, i think it's a right action. and i'm also will do same with you, if the bitcoin price keep increase and goes up very high. i will sell all my bitcoin and change it into property, because here in my country property business is good.

crazywack

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Hold up, I'm in firm belief we will see another bubble soon and the housing market will crash harder. You can then buy the whole block and BE the landlord.

quentincole32

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Quote from: jakelyson on January 13, 2016, 09:05:14 AM

Quote from: TheButterZone on January 05, 2016, 06:07:55 PM

Quote from: Erkallys on January 05, 2016, 06:01:53 PM

Buying somewhere to live is the best thing you can ever buy. Just don't buy an overpriced house, or a flat in a big city that would be surely sold at an unfair price. This may depend from where you live but if you live in Western World, houses are most of time really really expensive, so it would be smarter to build it. Imagine, the newspaper could say : "Bitcoin build houses. Nothing can stop the rise !" Grin

! Also, consider that if you're young, you should invest it and then use the income flow to buy or build it. This would be what I would do.

Unfortunately, totalitarian governments multiply the cost of home building by requiring nonsensical permits, taxing the fuck out of it.

So true. A house does not earn you anything, and yet the government taxes them. Don't they have enough money yet? This is why I consider a house as a liability not an asset. It drains the owner money thru maintenance and taxes.

A house doesn't earn you anything if you just buy and let it. You can rent it for years etc.
However make a house as an asset I could agree it's not worth for long term, but a house for you life in , sure it's a must.

SolarSilver

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Quote from: jakelyson on January 13, 2016, 09:05:14 AM

So true. A house does not earn you anything, and yet the government taxes them. Don't they have enough money yet? This is why I consider a house as a liability not an asset. It drains the owner money thru maintenance and taxes.

And a house (unlike other investments like Bitcoin, stocks or even cash) is not easy to move to another country when the rules change. If you are in a tax crazy country where wealth confiscation is the norm then a bricks & mortar house is not easy to move to another more tax friendly area. If housing demand dries up (like in the areas hard hit by the oil crisis), prices drop dramatically and if you are not on of the first ones to liquidate your house, then you are going to be stuck for a long time with an under water liability.

jakelyson

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Quote from: TheButterZone on January 05, 2016, 06:07:55 PM

Quote from: Erkallys on January 05, 2016, 06:01:53 PM

Buying somewhere to live is the best thing you can ever buy. Just don't buy an overpriced house, or a flat in a big city that would be surely sold at an unfair price. This may depend from where you live but if you live in Western World, houses are most of time really really expensive, so it would be smarter to build it. Imagine, the newspaper could say : "Bitcoin build houses. Nothing can stop the rise !" Grin

! Also, consider that if you're young, you should invest it and then use the income flow to buy or build it. This would be what I would do.

Unfortunately, totalitarian governments multiply the cost of home building by requiring nonsensical permits, taxing the fuck out of it.

So true. A house does not earn you anything, and yet the government taxes them. Don't they have enough money yet? This is why I consider a house as a liability not an asset. It drains the owner money thru maintenance and taxes.

hawkins

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of course, what the point of having bitcoin that many but not buy anything that price, you also have to think about your future, it could be a great asset for the future Grin

ridery99

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1 btc = 1 house soon

(believe)

Jimbola3

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Quote from: bitlancr on January 10, 2016, 11:07:48 AM

I would say yes of course. If I could buy a house with the amount of bitcoins I own right now, I would exchange in a heartbeat. I wouldn't think about it too much.

If the price of bitcoin rise 2 folds in a year, he can spend half of his coins and buy a house. It is a difficult decision, depending on the price of bitcoin.

bitlancr

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I would say yes of course. If I could buy a house with the amount of bitcoins I own right now, I would exchange in a heartbeat. I wouldn't think about it too much.

newcoins1978

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Quote from: Jimbola3 on January 10, 2016, 10:06:39 AM

Quote from: HeroCat on January 06, 2016, 12:19:43 PM

The problem can be that BTC will not go very high in next years due to BTC mining worldwide Wink

Better invest your BTC in BTC mining, and then you can double, triple etc your BTC and then buy the house. Grin

The mining difficulty rises too fast. There are too many new miners coming to the market. It is not profitable in high electricity cost country.

This is true, it's getting harder and harder to mine
It will come to a certain point where you're going to spend more then that you will be making

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