Real Estate Developers in China now accepting Bitcoin for Property Purchases

[BittBurger]

You can now purchase homes with Bitcoin in Shanghai, China:

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131114000039&cid=1102

Also see:

http://qz.com/147606/look-out-chinas-housing-bubble-is-now-available-in-bitcoin/

-Burger-

[BittBurger]

This is kind of a big deal ya know.

I think this justifies pushing BTC price to $500 

[Sindelar1938]

It is a big deal directionally if true but I would caution against too much near term expectation for a price rise

[Rupture]

Does anyone actually posses enough btc to purchase real esate though?

[proudhon]

Does anyone actually posses enough btc to purchase real esate though?

Ummmmmmmmmmm...

[MakeBelieve]

This is a amazing leap forward/ Thank you China!

[Sindelar1938]

Some folks do have enough btc but what is key is if one can part buy using fiat and btc

Helps promote btc usage in real estate but in a realistic way

[hieroglyph]

Wooot, this is exciting news indeed.  Even though there is alot of property for sale in china I still see this is as a positive sign for BTC.  I can't wait for this to catch on all over the globe... Thanks for posting OP 

[lucaspm98]

Another move in the right direction in terms of adoption, can't wait until the day when I never have to touch fiat!

[windywinter]

China's national TV CCTV1 gives some free advertisement on Bitcoin, so people are making news on it. No one has actually purchased a house with Bitcoin so far.

[BittBurger]

The wallets of the folks in China can get very ...............very ......................very deep.

I would not be the least bit surprised if quite a few of them have quite a bit of BTC ..............

Anyone who has been to Asia knows that residents there can very often have more money than god.

[dominicwin]

Love love love reading what Chinese wealth is getting into. One of my favorite things to discuss is what the Chinese are doing especially in a town like Vegas. Just ask a sales associate in any nice store and you'll hear some amazing stories about the Chinese coming in.

[oakpacific]

The real estate developer is a subsidiary of one of China's largest online entertainment company, they have stated that they adopt BTC mainly for two purposes: (1). they want to show that unlike other real estate developers, they have roots in the internet and is kind of young and cool; (2) their mother company have experiences with the payment industry, so they want to explore a bit more about BTC in that aspect.

They also stated that their commitment to BTC will be long-term, the original link is in Chinese, if anyone cares to read I will post it here.