I'm All In - Sold My House! - page 38.

picolo

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Quote from: yefi on December 27, 2014, 01:50:26 PM

Quote from: Davyd05 on December 27, 2014, 06:14:22 AM

Quote from: picolo on November 24, 2014, 06:10:21 PM

Quote from: dadugan on November 24, 2014, 01:09:58 PM

Think owning house is more prudent at this stage.

Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited

I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc Cheesy

oh well internet randoms for financial advice is pin the tail on the donkey esque.

Yeah, that's what I'd have done. Cash cow right there. Make yourself a slumlord and reinvest the profit in BTC.

Being a slumlord is a job but you can make 20% a year.

yefi

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Quote from: Davyd05 on December 27, 2014, 06:14:22 AM

Quote from: picolo on November 24, 2014, 06:10:21 PM

Quote from: dadugan on November 24, 2014, 01:09:58 PM

Think owning house is more prudent at this stage.

Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited

I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc Cheesy

oh well internet randoms for financial advice is pin the tail on the donkey esque.

Yeah, that's what I'd have done. Cash cow right there. Make yourself a slumlord and reinvest the profit in BTC.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Davyd05 on December 27, 2014, 06:14:22 AM

Quote from: picolo on November 24, 2014, 06:10:21 PM

Quote from: dadugan on November 24, 2014, 01:09:58 PM

Think owning house is more prudent at this stage.

Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited

I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc Cheesy

oh well internet randoms for financial advice is pin the tail on the donkey esque.

If Bitcoin goes to the moon he will be very wealthy.

Newbie1022

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This poor, poor f---.

Davyd05

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Quote from: picolo on November 24, 2014, 06:10:21 PM

Quote from: dadugan on November 24, 2014, 01:09:58 PM

Think owning house is more prudent at this stage.

Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited

I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc Cheesy

oh well internet randoms for financial advice is pin the tail on the donkey esque.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: dadugan on November 24, 2014, 01:09:58 PM

Think owning house is more prudent at this stage.

Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited

dadugan

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Think owning house is more prudent at this stage.

sidhujag

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Quote from: ?? on ??

Quote from: sidhujag on November 23, 2014, 03:50:21 AM

Quote from: ?? on ??

Quote from: sidhujag on November 23, 2014, 03:45:05 AM

This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck Smiley

RU OP?

Does it matter! Im a programmer on an ipad i dont care get the point

Yeah it matters! ffs, you just proved my point.

No im not op lol anyways he inherited it thus its highly unlikely that he was dependent on it

picolo

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Activity: 1022

Merit: 500

Quote from: ?? on ??

Quote from: sidhujag on November 23, 2014, 03:30:27 AM

Just read the op u douche before making wild comments... Dont scoop down to the lows of the teenie boper noobs on here unless u r 1

I read the whole OP on your suggestion, didnt make a lick of difference. Boring as shit content that i dont give a fuck about, with no OP updates. BTW i <3 JB!!!

Last Active: October 14, 2014, 07:13:17 PM

Maybe it is an alias and he has an other bitcointalk account

sidhujag

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Quote from: ?? on ??

Quote from: sidhujag on November 23, 2014, 03:45:05 AM

This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck Smiley

RU OP?

Does it matter! Im a programmer on an ipad i dont care get the point

sidhujag

legendary

Activity: 2044

Merit: 1005

This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck Smiley

sidhujag

legendary

Activity: 2044

Merit: 1005

:DU read the cbc link too? Says right in op it was inherited! How domu read 31 pages but miss that?

sidhujag

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Activity: 2044

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Just read the op u douche before making wild comments... Dont scoop down to the lows of the teenie boper noobs on here unless u r 1

sidhujag

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Not unless he sold.. How do u lose a shirt thats free? He inherited the house plz reread

pizzabit

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never put more in than u can lose
good luck with ur investment

sidhujag

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Hodl until u r happy

NotLambchop

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Quote from: Robert Paulson on November 22, 2014, 10:59:27 AM

just wait, this will be the trade of the century when the house of smoke and mirrors of the current economy collapses.

Quote from: NotLambchop on March 14, 2014, 04:04:20 PM

...and we all become
~fabulously wealthy~

Robert Paulson

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just wait, this will be the trade of the century when the house of smoke and mirrors of the current economy collapses.

bigcoin678

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Good decision IMO

picolo

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Merit: 500

Quote from: Ruthful on November 20, 2014, 12:19:16 AM

Quote from: picolo on November 19, 2014, 06:29:04 PM

He invested to make a long term profit and he may not have sold at 400K$ while he was having costs to maintain the house. He has no cost to hold BTC.

Unless he was living in that house(and even that ) I don't think the annual cost of maintaining a house would be that much a factor(depending on the condition of that house and where it's at), he could always rent it to offset that and made some money in the meantime.

In order to make an actual investment comparison we need to also know the potential profit from keeping the house (though rents e.g) and t how much the property value have changed since then.Do we have any of that info?What we know is the current price of bitcoin and from that we know that he have lost money.

He made a big bet on Bitcoin, he says it was hard to sell the house for fiat. It is a bit weird that it is easier to sell in Bitcoin than in fiat.

You can collect some informations here :

http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html

If the house was sold in March 2013 he would have made 4000-8000BTC or if he sold the 400K home for 300k$ then bought BTC he would have got 3000-6000BTC instead of the 600ish he got

If the house was all his net worth he should have considered "only" investing 50% in BTC and 50% in other assets but you have to respect the commitment and hope it will pay back well!

Topic: I'm All In - Sold My House! - page 38. (Read 112616 times)