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

[doublemore]

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.

Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin!

Yeah i know but maybe not on this next bull run.  Lets say we hit $3k- $4k in the next few months which could happen i doubt everyone well accept bitcoins for houses. Some people will sure.

That's too much of a bull run even if we have the halving next year. Everyone would have sold before that comes that the price would come crashing back to where we are now.

@ontopic, why a house? A much better option would be something income generating - like a franchise.

or a trailer. Why spend so much on a house you cant even drive with you. You spend only 10% and buy supedooper trailer. And then you are like on vacations all teh tiem and you can visit many Bitcoin conventions every year.

Yes i have thought of that, there are disadvantages to a trailer though like depreciation and it might be a little more than 10% of what i had planned to spend on a house.   Being flexible is great though and travel.

You should. Buy an apartment in one of the biggest cities if possible and you're set. Unlike a house, you'll always be able to rent or sell it.

In some country apartment not really profitable than a house. Only try to buy apartment if you on big country or capital city.
Anyway, you should buy a house, apartment and if you can, build mini-apartment for rent.

I've lived in both detached houses, flats/apartments and they offer different benefits.  Apartments can come with noise from neighbours but are usually super cheap on bills - heating cheap if you live above ground floor, no maintaining a garden.

Detached houses are great for peace but expensive and time consuming.  Renting one really sucks when you find yourself having to keep the garden in shape and the dam garden isn't even yours ha. 

[Amph]

If someone would to sell for bitcoins and i need a house could be an option, but now i'm not thinking about investing in a house.

i would wait for bitcoin to increase even moreto buy an house, just to not spend everything on this house

1k at very least should do it, it's also depend on what house we are talking about....

[isvicre]

I think yes, houses are too valuable because of population boom. They will never make you lose money.
There is nothing as "too much houses to get" so I suggest you to buy a house.

[jaysabi]

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.

Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin!

Yeah i know but maybe not on this next bull run.  Lets say we hit $3k- $4k in the next few months which could happen i doubt everyone well accept bitcoins for houses. Some people will sure.

Bitcoin has risen $70, or roughly 30% recently, and is still $800 below it's all-time high bubble price. What makes you think that rising another 1500% to 3x the old bubble price is feasible?

[dothebeats]

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.

Depends if you can maintain an estate after you paid for the house with all your money. Also, if we see bitcoin's price in 5 figures, I don't think you'll even need to convert to fiat.

[CIYAM]

Simplest way to secure your future is to buy two (or more) houses.

You rent out the other houses to pay for all your expenses for your primary house (it is not likely that rental return will ever be zero nor is it likely that rental return will be much less than the expenses needed to maintain an equivalent house).

Your only problem with multiple properties will be taxation (as eventually I think all governments are going to tax properties as things like "income tax" are going to become defunct in the future).

So even if you buy multiple houses - keep some BTC for the taxes!

[jeffthebaker]

Simplest way to secure your future is to buy two (or more) houses.

You rent out the other houses to pay for all your expenses for your primary house (it is not likely that rental return will ever be zero nor is it likely that rental return will be much less than the expenses needed to maintain an equivalent house).

Your only problem with multiple properties will be taxation (as eventually I think all governments are going to tax properties as things like "income tax" are going to become defunct in the future).

So even if you buy multiple houses - keep some BTC for the taxes!

My parents bought a second house after the housing bubble collapsed in 2008 and it seems to have been a very wise financial decision. As long as someone is living within your second property, you are earning a steady income, and if things get rough financially, you can always sell off the second house, or move into it if it is smaller and sell/rent the larger one.

[gentlemand]

My dear old ma had a rental house bought many, many years ago. She went for something 'pretty' when she should've bought a bunch of studios and filled them with heroin addicts.

After deductions for capital gains, maintenance, asshole tenants and fees from the rental agency I think she would've done just as well or badly as sticking it in an account somewhere.

[CIYAM]

After deductions for capital gains, maintenance, asshole tenants and fees from the rental agency I think she would've done just as well or badly as sticking it in an account somewhere.

With 0% interest becoming prevalent I don't know if sticking your fiat into an account is still such a good option.
 

[dothebeats]

Simplest way to secure your future is to buy two (or more) houses.

You rent out the other houses to pay for all your expenses for your primary house (it is not likely that rental return will ever be zero nor is it likely that rental return will be much less than the expenses needed to maintain an equivalent house).

Your only problem with multiple properties will be taxation (as eventually I think all governments are going to tax properties as things like "income tax" are going to become defunct in the future).

So even if you buy multiple houses - keep some BTC for the taxes!

My grandparents owns 3 houses in the province and lease them. So far it's been giving them a passive income aside from their pensions. Also, real estate and houses tend to increase their value over time, so I think we're good right now. It would be awesome if they can pay taxes in bitcoin.

[gentlemand]

With 0% interest becoming prevalent I don't know if sticking your fiat into an account is still such a good option.
 

True indeed but there were periods when she owned it when accounts were paying 6-7% where she lives. Even now you can still find 1-2% easily enough and I think even that pays more than that house probably did. It's not a road I'd particularly like to go down but if I did I'd be totally unemotional about it and buy slave boxes where the jobs are.

[CIYAM]

It's not a road I'd particularly like to go down but if I did I'd be totally unemotional about it and buy slave boxes where the jobs are.

You don't need to be an asshole to be a landlord (I've been a tenant and a landlord myself many times).

If you want to have reasonable rental income and few hassles then you take the time to vet potential tenants and when you find a good one you look after them (i.e. repair things and keep them happy and don't raise the rent unreasonably).

[pereira4]

If you have enough Bitcoins to buy a house, you should wait until you can buy that house + keep at least half of your BTC in your wallet. Putting all of your BTC on real state wouldn't be a wise investment. It is crucial that every portfolio keeps some decent amount of BTC for at least 10 years to benefit from the future prince increases.

[jaysabi]

Simplest way to secure your future is to buy two (or more) houses.

You rent out the other houses to pay for all your expenses for your primary house (it is not likely that rental return will ever be zero nor is it likely that rental return will be much less than the expenses needed to maintain an equivalent house).

Your only problem with multiple properties will be taxation (as eventually I think all governments are going to tax properties as things like "income tax" are going to become defunct in the future).

So even if you buy multiple houses - keep some BTC for the taxes!

My grandparents owns 3 houses in the province and lease them. So far it's been giving them a passive income aside from their pensions. Also, real estate and houses tend to increase their value over time, so I think we're good right now. It would be awesome if they can pay taxes in bitcoin.

When you deduct out the housing bubble, houses have generally appreciated at the rate of inflation, so you're not making anything so much as keeping what you started with in terms of purchasing power.

[gentlemand]

When you deduct out the housing bubble, houses have generally appreciated at the rate of inflation, so you're not making anything so much as keeping what you started with in terms of purchasing power.

Much depends on what country you're in. In the UK you would've multiplied your buying power quite radically if you'd bought in the right places.

[eternalgloom]

Go for it before the bubble pops, I would say
Could be a great investment if you find a good deal!

[Bitcoin Market]

Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.

Please stop using this argument. If not for the 'pizza guy' and others who were giving away hundreds if not thousands of coins, Bitcoin probably would never go off the ground.

That is right. We have to use bitcoin to give its value. If we all hold bitcoin as an investment, bitcoin has no value at all.

[BitcoinBlackjack]

Always good to cash out a chunk of your investment when you make a good profit.

I've made big mistakes in the past holding on to a stock for example and then watch it correct afterwards

[Amph]

Remember the pizza guy with his 10.000 coins? think what you can buy in 2015 with all those coins.

Please stop using this argument. If not for the 'pizza guy' and others who were giving away hundreds if not thousands of coins, Bitcoin probably would never go off the ground.

That is right. We have to use bitcoin to give its value. If we all hold bitcoin as an investment, bitcoin has no value at all.

the nature of bitcoin itself, is promoting its own holding, this because it's very hard to get more bitcoin, unless you're willing to pay more

so if someone want to buy an house with his only 10 btc, he must wait for the price to skyrocket on the crazy level, this is true for the majority of little holders, and for their different purpose

[bct-user]

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.

your post is obviously purposed you want to sell it to fiat then use a fiat for buy a house.
well i think better to buy a house/property with bitcoin
there are somesite which accept bitcoin for buy a house or even property http://bitcoin-realestate.com/ but i'm not sure it legit or not.