If Bitcoin goes up very high should i buy a house?

[Zemangat]

I really have a dream to buy a home from bitcoin. Maybe if bitcoin prices keep going up i can buy a house. You too should you buy a house if your bitcoin is enough .. you just need a bit of bitcoin to do that. Because of the high bitcoin price you can buy a house with just a few bitcoins. it is very easy. You just melt the bitcoin into fiat ..

[hubballi]

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.

Of course you should. Just i would cash out 60% only and keep rest for future or something else, in case that price rises even more. So yeah, if price will be ever high enough for you to buy house, then you should do that. Bitcoin price might fall down or you simply might lose them, but if you buy house before that nobody will take it from you.

Who told that nobody can not take it from you, if your property value goes up then their are chances of political person or any high profile likes your property then they will force you to leave your property. So their are always danger in any position, but it is true that investing in property is good idea because life's 50% of expenses is on giving house rent , so the main problem will be solved if you have own property and Bitcoin can fullfill your wish.

[rekinthis]

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.

Of course you should. Just i would cash out 60% only and keep rest for future or something else, in case that price rises even more. So yeah, if price will be ever high enough for you to buy house, then you should do that. Bitcoin price might fall down or you simply might lose them, but if you buy house before that nobody will take it from you.

Who told that nobody can not take it from you, if your property value goes up then their are chances of political person or any high profile likes your property then they will force you to leave your property. So their are always danger in any position, but it is true that investing in property is good idea because life's 50% of expenses is on giving house rent , so the main problem will be solved if you have own property and Bitcoin can fullfill your wish.

Well yeah you can say that there is risk like this to lose your property... But chances are really tiny, it probably won't ever happen if he would buy it. I think chances that hackers will steal his bitcoins or that he will lose them are much higher, and of course chance that bitcoin will crash is even larger.

[Kr-sama]

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.

You should definitely buy a house when bitcoin hits that price mark. Having your own house and lot is a dream for many people. So if you ever have the chance to buy your own, grab it, take that opportunity. If the price of bitcoin reaches the five figure mark, not only can you buy a house, but you can also have spare money to spend for the things that you needed the most.

[skyline247]

This might sounds really stupid but when I first read this I thought it said should I buy a "horse"? hahaha

Sure OP, it is your money buy whatever you like!

[anume123]

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.

yeah should buy a house because if you buy a house and lot that is the good thing you do, you see everyday of your hardworking in bitcoin and invest because a house is a permanent things in your harworking in bitcoin not like others things and right now the exchange of bitcoin in USD is so high so we can built a own house.

[Hydrogen]

Rent/mortgage is the biggest chunk of living expenses for most people.

If its possible to buy in an area with relatively low property taxes while simultaneously eliminating the largest chunk of living expenses that can be a win/win scenario for many.

Buying a house can also be a negative in some ways due to APR rates being high over the long term.

The most cost effective and cheapest option by far is probably buying land and having a kit home built on it. The cost of a house that is already built often carries a huge price mark up.

A house that costs $200,000 might only cost $30,000 to $50,000 to build. That could be one reason why real estate isnt doing well the price mark ups and profiteering aspect of the industry is too ridiculous.

[amaral1977]

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.

IMO a house or even two or three in good ares are always good way to store value, to diversify your investment, and even to get a passive income from renting them out.

[gabbie2010]

Surely with proper planning you can buy a complete  house with bitcoin provided that the price had risen appreciable, this is achieved by exchanging the bitcoin to fiat, in fact if you resides in a third world country where the cost of living is low you might not need too much bitcoin to buy a complete and well furnished house.

[Zeke_23]

i think you can as long as you have saved enough bitcoin that is enough to buy a house, its up to you how much or what kind of house you will put up because it always depend on your budget right, but if its price will increase more i think even in 5 bitcoin you should be able to buy in the near future.

[Hazaki]

Buying a house should be everyone's goal whether it's from btc or your normal job .
You'll be more autonome , without land lords giving you headaches and you'll spare yourself rent/paperwork/due dates ..

[WORDCOIN]

Just go ahead and buy it, house is also a perfect investment)

[delpiero10]

Buying a house should be everyone's goal whether it's from btc or your normal job

I think it depends... I would not recommend buying house for young people. You may want to move to different city for a better job, girlfriend or whatever

[Gheka]

As long as we accumulate enough bitcoin, buying a home is not a big deal but I think we should do this in the future when the price of Bitcoin reached the highest possible value because if we buy a house too early, we will need a lot of bitcoin and we all know the price of bitcoin will increase over time, this will be very wasteful and regret in the future. Actually when the price of bitcoin is very high, home, car or resort, everything we can buy is very easy.

[joebrook]

If that's your dream and you have mobilized funds to achieve it then i think you should go for it, Buying a house is a great investment. Building my house and later buying my own car are some of my plans for the near future.

[MMA]

Buying a house should be everyone's goal whether it's from btc or your normal job .
You'll be more autonome , without land lords giving you headaches and you'll spare yourself rent/paperwork/due dates ..

that is right that it is everyone desire to have their own house where we can lead a good life, i think it is really possible to buy a house with bitcoin, but i think it is depending on your investment and i think still there are so many other factors which are responsible for buying a house using bitcoin, for example the value of the place where you are going to buy a house and also the area of the house which can also effect the price for which you are going to buy a house.

[AncientMystery]

I will buy a house only with <33% of my bitcoins (which is pretty low number for now). Because I will be really upset if the price will go higher (and it will for sure) 

[guoyu78]

As long as we accumulate enough bitcoin, buying a home is not a big deal but I think we should do this in the future when the price of Bitcoin reached the highest possible value because if we buy a house too early, we will need a lot of bitcoin and we all know the price of bitcoin will increase over time, this will be very wasteful and regret in the future. Actually when the price of bitcoin is very high, home, car or resort, everything we can buy is very easy.

Yeah, we all know that bitcoins are going to increase tremendously in their value in the coming years and those who are just rich now with bitcoins will be richest then. But as far as buying a house is concerned, I don’t think so there is any problem in buying house now when you are paying heavy rents.

[dobolspeed1]

Yes, it could be because the bitcoin price is now promising. But I advise you to make an investment.

[Dudeperfect]

If that's your dream and you have mobilized funds to achieve it then i think you should go for it, Buying a house is a great investment. Building my house and later buying my own car are some of my plans for the near future.

If someone is willing to buy a house not to live but to invest in real estate then I think keeping Bitcoins untouched is the best option for him because the rate of growth in cryptocurrencies is much more than that of real estate sector.

It would take more than 10 years for a house to give 100% returns on investment and we know that in wild crypto market, one can make that growth even within a week or less. Thus, I would say that purchasing a house for self-use is not a bad idea but if it's an investment for-profit then one should think again on this matter.