Topic: Would anyone actually buy a $200,000 house using bitcoin? (Read 1261 times)
I will take 3!
Pictures always help. You got any?
The problem with buying houses with bitcoin isn't so much on the buyer's side as it is on the seller's. I'd love to buy a house this way if I bought in when bitcoins were super cheap a few years ago. The issue is that unless for some reason you're going to want to keep all the money in bitcoins, you'd almost certainly depress the price a bit when selling unless you did it really carefully.
Selling 2,000 coins on MtGox will barely move the price down $1 or $2. The real problem is getting your fiat off Gox afterwards. Might need to scream and yell at them and wait 3 months to achieve it.
The problem with buying houses with bitcoin isn't so much on the buyer's side as it is on the seller's. I'd love to buy a house this way if I bought in when bitcoins were super cheap a few years ago. The issue is that unless for some reason you're going to want to keep all the money in bitcoins, you'd almost certainly depress the price a bit when selling unless you did it really carefully.
I think the market is a lot better than before, just my relatives don't really know what they're getting into.
You might have to cash out through a couple different exchanges and declare it on taxes, but hey not bad. I though the states was in rough shape for trying to sell houses right now?
The market in many areas has turned around. It is not at it's previous peak yet but it is coming back. The US housing market has been called good now for a few months.
You might have to cash out through a couple different exchanges and declare it on taxes, but hey not bad. I though the states was in rough shape for trying to sell houses right now?
I don't see why not, my house got about 1000+ views just because it was on bitcoins. Then it got featured in the top 10 most expensive things you can buy with bitcoin list. It's advertising, and there is no such thing as bad advertising. What part of the world do you live in and what kind of condition is it in?
USA, good quality, has everything needed to actually move in.
Only thing would be convincing my aunts and uncles to use it.
They are "old fashion" and I think it would be a bit hard to convince them.
But It could work.
I don't see why not, my house got about 1000+ views just because it was on bitcoins. Then it got featured in the top 10 most expensive things you can buy with bitcoin list. It's advertising, and there is no such thing as bad advertising. What part of the world do you live in and what kind of condition is it in?
My family is trying to sell my grandmothers house.
They haven't sold it yet, or have had any substantial offers for a LONG time.
Anyways, do you think it would be possible to sell the house for bitcoin?
Its going for like $200,000 right now.
They haven't sold it yet, or have had any substantial offers for a LONG time.
Anyways, do you think it would be possible to sell the house for bitcoin?
Its going for like $200,000 right now.
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