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

[NeuroticFish]

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.

I would definitely buy a house and, if possible, some land too.
While the population on Earth grows, houses and land should get more and more expensive. And it's also a shelter for you, saving you from another expenses and trouble (landlords and agents).

[goldcoinminer]

Many people dream about house to build or to buy their own but others till dream only because they cant afford to buy a house. If you have a 10btc above maybe its the time to wait the price of btc hit your desire price before you make a decisions to buy a house or invest it again.
But if i were you if have a 50 btc and above now you make a decision to buy a house or to build it becoz 50 btc if you converted it into cash is enough to build a house if you have own lot.

50 bitcoin are equals to 29,854 USD which it is far than enough to build or buy a house if you live in USA, as average cost for custom home building are around 304,268 USD according to home advisor. so you need 450 bitcoin more to build a comfortable house in USA.

a house are property and investing on property are pretty wise choice. you should not procrastinate it.

Your calculation is right but it is according to the current price of bitcoin, and the OP is asking that when the price of bitcoin rise up very high, I hope that in some years the price of bitcoin will be much high and hewill be able to buy a house with only a smaller amount of bitcoins.

What do your expect of the price increase will be, a 500% of increase from the current price is already good one, we need to be realistic and just not only rely with our imagination a lot, consider this as our savings for the future and we should be happy once we see any increase of our investment.

[delliaerd]

When you already have a lot of bitcoin why not you build or buy a house. I think it is so great plan, buy a new house with bitcoin also my dream since i just started using bitcoin.
I am sure buy a house with bitcoin is needed so big amount of bitcoin at all.

[satmas]

If Bitcoin price goes up, I'd buy a house but I won't tell you what to do with your money.

[bestluck]

When you already have a lot of bitcoin why not you build or buy a house. I think it is so great plan, buy a new house with bitcoin also my dream since i just started using bitcoin.
I am sure buy a house with bitcoin is needed so big amount of bitcoin at all.

Nowadays we need some god amount of bitcoins to buy a house, but in the future the price of bitcoin will be much higher and in that time we will be able to buy a house with a minimum number of bitcoin.

[Cozynunu]

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.

Are you storing all your wealth in bitcoins? Not very smart.

Assuming you have to live somewhere (and parasiting on your parents is not an option), housing expenses are inevitable. Therefore buying a house is usually a good move. You're saving on rent and expensive mortgage rates.

But if you don't have quite enough funds, you could always pay i.e. 70-80% from your own pocket and take mortgage on the rest.

Yeah im currently at about 50-60% of networth in bitcoin/litecoin and i think its ok.  I have a good little small business growing on the side which takes all my time and effort.  If bitcoin dies i'll be ok.

It would be good to save on rent so i guess i will buy a house when bitcoin hits moon. I really just dont want a mortgage if possible but i might just have an irrational mortgage phobia, to cash buy a house for most of networth could be bad, i dunno, never really understood mortgages and housing.

off course why are you not buying a house with the bitcoins if you have that much bitcoins where you can effort a house from i would say what is stopping you buy that dam house with the bitcoins if you want,

[Jasad]

Why not if you have a lot of bitcoin and if you think it is enough to buy a house you should buy it, for me if i given a chance to buy a house using a bitcoin i will put the logo of bitcoin in the front of my house recognizing bitcoin is the part of my house.

Buying a house would be the best option for not only it will give you shelter but also a good investment.Bitcoin prices are highly unstable and can fall anytime.We have seen it in 2013 when price reached $1000.It has yet to go that high again

keep holding , even the price of bitcoin reached the top ,
don't spend it anytime soon unless you have an urgent need forced you to sell bitcoin ,
bitcoin are a good long term investment ,
you can not compare the 2013 price to current price , compare it then in 2017 as people predicted bitcoin will reach $1,500 to $4,000 .

[trickshot22]

If Bitcoin price goes up, I'd buy a house but I won't tell you what to do with your money.

most probably i would also do some big shoppings such as a house or something like a car i would be spending it like crazy for sure

[yayayo]

Why not if you have a lot of bitcoin and if you think it is enough to buy a house you should buy it, for me if i given a chance to buy a house using a bitcoin i will put the logo of bitcoin in the front of my house recognizing bitcoin is the part of my house.

Buying a house would be the best option for not only it will give you shelter but also a good investment.Bitcoin prices are highly unstable and can fall anytime.We have seen it in 2013 when price reached $1000.It has yet to go that high again

keep holding , even the price of bitcoin reached the top ,
don't spend it anytime soon unless you have an urgent need forced you to sell bitcoin ,
bitcoin are a good long term investment ,
you can not compare the 2013 price to current price , compare it then in 2017 as people predicted bitcoin will reach $1,500 to $4,000 .

Why I'm also part of the HODL-camp, it is not a sure thing that Bitcoin will reach x fiat price in x time. It is still possible that Bitcoin fails. There is no such thing as a risk-free investment.

If buying a house makes sense or not really depends on more factors than economical considerations alone. If you only focus on economics you should always invest in those assets, that have the best risk-reward-ratio. In my view, real estate is certainly not an attractive investment in that regard. However there are also emotional factors to consider when buying a house if you are buying it as your own residence. You might feel great relief and satisfaction from owning your own property and being able to do everything on it as you see fit without asking for permission. That might be an invaluable positive aspect.

So it might make sense to buy a house even if it is not an economically wise decision. You can consider a luxury that greatly increases your quality of life. However, if you ask me, I would never invest all my savings into real estate - it's always good to have some different kind security as an offset in case things go wrong.

ya.ya.yo!

[Xenophoto]

If you have enough funds and you don't have a house of your own, then you should buy a house. Owning a house is much better than keeping on renting on apartments/bedspace. You can do whatever you want in your own house because it's yours. If you want to buy a house and then make it for rent, then it's a good investment as well. You just have to make sure that you randomly visit the house to make sure that nothing sketchy is going on. A rental house makes you earn a fixed amount of money every month without you doing anything but maintenance.

[sobsitesearch]

If you have enough funds and you don't have a house of your own, then you should buy a house. Owning a house is much better than keeping on renting on apartments/bedspace. You can do whatever you want in your own house because it's yours. If you want to buy a house and then make it for rent, then it's a good investment as well. You just have to make sure that you randomly visit the house to make sure that nothing sketchy is going on. A rental house makes you earn a fixed amount of money every month without you doing anything but maintenance.

That is correct that is depending on the capacity of your bitcoin in your wallet, and also if you do not have own house and your bitcoin has a capacity to buy that is the time to buy a house.

[Adrorecia]

First of all, don't invest your whole networth into bitcoin, that's irresponsible and could ruin you depending on what happens. Now to your question, yes I think an house is a smart investment it will take away alot of monthly costs but add some new ones dont forget about that.

[mirakal]

First of all, don't invest your whole networth into bitcoin, that's irresponsible and could ruin you depending on what happens. Now to your question, yes I think an house is a smart investment it will take away alot of monthly costs but add some new ones dont forget about that.

It is very wise to say that, even how great the opportunity is we should not go all in because we do not hold the future, anything can happen including losing our money in the future, we should have a tolerance on our investment and diversification with our investment.

[oceanriver]

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.

I would definitely buy a house and, if possible, some land too.
While the population on Earth grows, houses and land should get more and more expensive. And it's also a shelter for you, saving you from another expenses and trouble (landlords and agents).

i am pretty sure that i would do that too, in my opinion there are a lot of things i would buy then, the cars and stuff like that, my life would be perfect

[pitham1]

First of all, don't invest your whole networth into bitcoin, that's irresponsible and could ruin you depending on what happens. Now to your question, yes I think an house is a smart investment it will take away alot of monthly costs but add some new ones dont forget about that.

I don't think anybody, except hardcore gamblers, would invest their entire net worth into bitcoins. It is foolhardy.
The mantra is never invest more than what you can afford to lose.

[Kyhm]

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.

I would definitely buy a house and, if possible, some land too.
While the population on Earth grows, houses and land should get more and more expensive. And it's also a shelter for you, saving you from another expenses and trouble (landlords and agents).

i am pretty sure that i would do that too, in my opinion there are a lot of things i would buy then, the cars and stuff like that, my life would be perfect

That's a wise and clever to do..
So much as other posted, buy and invest too , my life would be better on going go too.

[milewilda]

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.

I would definitely buy a house and, if possible, some land too.
While the population on Earth grows, houses and land should get more and more expensive. And it's also a shelter for you, saving you from another expenses and trouble (landlords and agents).

i am pretty sure that i would do that too, in my opinion there are a lot of things i would buy then, the cars and stuff like that, my life would be perfect

That's a wise and clever to do..
So much as other posted, buy and invest too , my life would be better on going go too.

Majority of us  chosses the same decision that we would definitely buy a house with bitcoin  and other some stuffs too that  is important  in our  living. Who wouldnt disagree with this if  bitcoins price would go to the moon in able to buy a house for sure no one wouldnt like .

[mirakal]

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.

Let us move on and forget about the past, we should be focus more on the current situation and I know in the near future we cannot only buy pizza with the money in our hand, believe in bitcoin and do not ever take for granted the opportunity that is in our hands now.

[ethereumhunter]

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.

Let us move on and forget about the past, we should be focus more on the current situation and I know in the near future we cannot only buy pizza with the money in our hand, believe in bitcoin and do not ever take for granted the opportunity that is in our hands now.

i like this idea, and yes we should move on, the past is already happen, but the future is not happen yet. its depend on us, what we will want to be in future, and how we become in future. if there are a ways for us, i bet there is, we should take any chance move on.

and if bitcoin goes up, and i have much bitcoin, i will buy a house with complete facility, with interior. i wish its happen in future 

[dunfida]

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.

Let us move on and forget about the past, we should be focus more on the current situation and I know in the near future we cannot only buy pizza with the money in our hand, believe in bitcoin and do not ever take for granted the opportunity that is in our hands now.

i like this idea, and yes we should move on, the past is already happen, but the future is not happen yet. its depend on us, what we will want to be in future, and how we become in future. if there are a ways for us, i bet there is, we should take any chance move on.

and if bitcoin goes up, and i have much bitcoin, i will buy a house with complete facility, with interior. i wish its happen in future 

True, past is past already and we must move on already. If we put that situation to ours maybe we are  able to spend  to  buy a smartphone  on 1.5 btc but  in the future that amount would be able to buy a car already in the future. Its the same story, right? Well thats pizza man doesnt have any idea to spent those bitcoin since he doesnt know the future. same as ours we dont know  on what would the future would be.