Would you buy a house?
nelisky:
Quote from: davidonpda on April 29, 2011, 10:52:45 PM
My bid still stands :P
And it looks more interesting every day!
toffoo:
Quote from: nelisky on October 29, 2010, 09:00:55 PM
So I have a house on the market... it's in southern Brazil, near Joinville, about 500 Km south of São Paulo. <...snip>
I'm glad you asked this, because I just got a similar idea the other day and started wondering if it was a crazy idea or not.
I have a condo in Argentina I just recently put up for sale. The idea also occurred to me to accept Bitcoins. It seemed like an interesting idea on multiple levels. I'm pretty bullish about the prospects of Bitcoins for the foreseeable future and this would be quick, liquid, and easy way for me to allocate a meaningful percentage of my net worth to the currency of the future. It would certainly be faster/easier than buying a few 1000's at a time on Mt.Gox every day.
Given the recent run-up in $/BTC prices, I figured that there must be some ol' skool Bitcoin programmers or miners who are sitting on a digital goldmine right now and may be interested in turning their Bitcoin riches into something more concrete without denting the market.
Of course the other benefit of selling a condo for Bitcoins is that in South America in general, and Argentina in particular, you need to pull all sorts of shenanigans to transfer a condo's worth of cash out of the country, and pay exorbitant fees at every step along the way. If my buyer paid with Bitcoin we could exchange hundreds of thousands of BTC's across national borders at the touch of a button, just as easily as sending 1 BTC.
I inquired a few days ago in the #bitcoin-otc IRC channel if anybody had heard of a particularly large/valuable concrete object being bought or sold for Bitcoins. The biggest we came up with was probably a used car.
Anyway, it's a bit of a long shot, especially since Bitcoin hasn't really caught on in Brazil or Argentina in any meaningful way yet, but at the very least I figured it would be some good publicity for Bitcoin and generate some free advertising for my "FOR SALE" listing.
That part of southern Brazil is pretty nice and your house sounds pretty snappy, but if a luxury condo in downtown Buenos Aires is more your style (and you're sitting on a mountain of Bitcoins), inquire within! ;)
nelisky:
We are the bitcoin realestate pioneers! Though I must tell you, even though we're only two, it seems the demand is still several orders of magnitude lower than the offer.
ctoon6:
I just want to add a piece of information to this thread, although not about buy THIS house. Until we get more people to start selling smaller goods like computers, food, furniture and stuff, BTC will only ever be like gold, useless and hard to convert. We need to live in the BTC like we do USD or Euro. This is because even though a large mass of coins are being moved, you need smaller transactions for them to be useful in everyday life for normal people.
marcus_of_augustus:
Actually no. Gold has utility in large transactions involving land, property and loan backings.
BTC should be good for real estate and may well get a start there. Would be interesting to see the legal contract drawn up for the sale agreement though.
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