Topic: If Bitcoin goes up very high should i buy a house? - page 98. (Read 133923 times)
You can buy a home very soon as its now going high again we already watch 2015 high rate and hoping for another good rise in future even many rumors and problems coming but this is going to the moon
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If Bitcoin goes up very high should i buy a house?
yes of course you should.
and if bicoins goes very very high...
then you should buy even two houses.
House is not an investment. House is a debit, like car, like electronic.
Try to use your earning in investments that generate credits for you.
Poor buy things that generate debits.
Rich buy things that generate credits.
Do your sacrifices now, if you want to become rich and buy a house.
Try to use your earning in investments that generate credits for you.
Poor buy things that generate debits.
Rich buy things that generate credits.
Do your sacrifices now, if you want to become rich and buy a house.
I got your point.
But sometimes it's better to have your own home, small house is fine but it is your's.
Because on nowadays you will pay more bill for renting.
I agree house is not asset that can generate income.
You can do it. But me I think I will wait when I am very old if BTC still excist.
Than over 50 years maybe BTC is 50.000 dollar and I can retire.
Than over 50 years maybe BTC is 50.000 dollar and I can retire.
If it ever goes up that high than yes you could and you should
You'd also be able to buy/trade more if it gets to that point
You'd also be able to buy/trade more if it gets to that point
Most of the answers here would suggest you not buy one. I would agree with the majority here as they are intelligent people who know what and what not you can do with bitcoin.
Always go with your gut when in doubt. That will never fail you
Always go with your gut when in doubt. That will never fail you
Mainly because most of the people here are a little too fanatic about Bitcoin. They are working on an assumption that Bitcoin will continue to rise in value indefinitely if one simply waits long enough (which is most definitely not the case).
IMO, depending on where you are, how much Bitcoin you have, how many other assets you have and your expectations of the future value of Bitcoin you might consider buying a house. If you're in a region where property isn't a good investment then I would only purchase one if you needed one (i.e. long term rental losses) or they offer things such as negative gearing etc. which offer tax breaks.
having a home is everyone's dream. so I suggest when bitcoin prices high and you have lots of money you must to buy a house 
Most of the answers here would suggest you not buy one. I would agree with the majority here as they are intelligent people who know what and what not you can do with bitcoin.
Always go with your gut when in doubt. That will never fail you
Always go with your gut when in doubt. That will never fail you
Not to buy because of his BTC value.
If he have more than 500 BTC, of course it's better to buy one apartment or house.
For myself, i would like to hold approx 50-70BTC only. So it can not buying a new house.
But that is a nice max investment for me today.
Most of the answers here would suggest you not buy one. I would agree with the majority here as they are intelligent people who know what and what not you can do with bitcoin.
Always go with your gut when in doubt. That will never fail you
Always go with your gut when in doubt. That will never fail you
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.
Question is how much Bitcoins do you in stack? If you only have 1 Bitcoin and price shoots up to 600 USD, I guess it's not enough to buy a house.
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.
Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin!
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.
Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin!
Real estate, over the long term, tends to underperform the equity markets.
Plus, it is illiquid.
These are factors you should consider before buying a house as an investment.
Plus, it is illiquid.
These are factors you should consider before buying a house as an investment.
good point: before you buy a house you need to decide in what region or even country you want to buy a house because once bought you'll be stuck with it for a long time.
If for example your employment changes and you want to relocate to another region to get another (better) job, you will be limited in your freedom to move around. If everybody around you wants to leave the area you'll have a hard time finding a new buyer at a competitive price.
(for example oil money leaves Alberta, no more lucrative jobs, house prices collapse)
If the government wants to increase taxes on your house, there is little you can hide or move it to another country, while with other investments you can take them abroad.
A house is kind of the opposite of Bitcoin: very visible and not easy to take it with you
Yeah, you can a buy a beautiful house if you have atleast 100 BTC or more to get a house beautiful, fully decorated with lawn, swimming pool and other facilities of life in it !
Properties are good investment, its a hedge against inflation and you save rent too.
After some time, you can sell your properties as well and gain more than half of it especially if its located in the business area.
After some time, you can sell your properties as well and gain more than half of it especially if its located in the business area.
Real estate, over the long term, tends to underperform the equity markets.
Plus, it is illiquid.
These are factors you should consider before buying a house as an investment.
If you have more than enough bitcoin to buy a house, then do it. You need to leave some bitcoin for that to appreciate further.
A house costing money to maintain doesn't make it not an asset. If the house has any value, it's an asset. That's literally the definition of an asset. If you want to dispute whether it's a good investment, fair enough, but it is factually an asset.
Definition: An asset puts money in your pocket. A liability is costing you money.
The longer you keep a liability, the more it will cost you.
A house is not earning you money, unless you can rent it out and even then it's not always break even.
It's an obvious mistake to label your own house as an asset, and most of the confusion is deliberate by the industry that builds and sells houses. Real estate agents and bankers will keep insisting on spreading the myth that a house is an asset but it's not.
The fact that you save rental money by living in your own house does not make it an asset, the same way that having a car is saving you taxi money.
Is a car an asset? A car has (any) value, so that would make it an asset in your definition, correct? It's clear a car is a liability because it is costing you tax money to keep it on the road, it is costing you insurance annually, you have to pay for a parking space or garage to just store it and if you actually drive it, it's costing you fuel. And intuitively you see it as a liability because it actually (most of the times unless it's a rare classic car) decreases in value when you try to resell it.
Yes house prices can go up, but that does not mean it's an asset. If you think houses go up in value then you never owned and maintained a house. Any house older than 20 year will cost you a fortune in maintenance to keep it up to specs with for example isolation and heating. A house 40 years old has little value unless you want to redo all the plumbing and electricity.
So why do house prices sometimes go up, even if after they are sold they are gutted and completely refurbished? Because of the location: land prices go up and having a casco of a house on it, means you can rebuild it within the existing zoning restriction rules.
Houses are not an asset. If it would be an asset, the bigger the home, the more money it would put in your pocket. The more houses you owned, the money they would generate...
http://lmgtfy.com/?q=the+house+you+live+in+is+not+an+asset
I know it's confrontational for many people aspiring to own a house (and please don't take it personally that I'm pointing this out jaysabi) but trust me: your house is not an asset
Don't take my word for it, google around
Properties are good investment, its a hedge against inflation and you save rent too.
After some time, you can sell your properties as well and gain more than half of it especially if its located in the business area.
After some time, you can sell your properties as well and gain more than half of it especially if its located in the business area.
That is a good idea but to sell house one must buy another house to stay so if any one have only one house then they can save rents but can't sell because again either they need to stay in rental or need to buy another house. If one staying in very good area and ready to move out of the city then they can make a profit from selling house which is located in high price area and go out from the city area.
Properties are good investment, its a hedge against inflation and you save rent too.
After some time, you can sell your properties as well and gain more than half of it especially if its located in the business area.
After some time, you can sell your properties as well and gain more than half of it especially if its located in the business area.
A house, like any asset or holding is always a good investment on the long term.
A house (your house, or even a second rental house) is not an asset. It's a liability.
Houses cost money... even after you bought it and paid the extra notary and registration taxes: real estate taxes, insurance, maintenance, keeping it heated in the winter to prevent the plumbing to freeze over, if it's a rental house good luck in getting a 100% occupancy. Even been stuck with a bad tenant who decided to trash the house after not paying the rent for 3 months and then 2 months of court to get him evicted? If the house is empty for a certain period, depending on in which country/city the house is located, there are various government penalties and taxes are levied on vacancy.
A house, like any liability is not always a good investment on the long term. It's a common misconception spread by real estate agents and mortgage providers to lure in the punters.
If you buy a house to live in, make sure you have a steady income to pay for real estate taxes, insurance, maintenance and keeping it heated an connected to the electricity grid.
A house costing money to maintain doesn't make it not an asset. If the house has any value, it's an asset. That's literally the definition of an asset. If you want to dispute whether it's a good investment, fair enough, but it is factually an asset.
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