AleSergio
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June 14, 2017, 11:22:57 AM |
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If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it.
Still it is better to pay this taxes, than to lose everything. It is good that bitcoin is a live, as all network technology, but if something goes wrong with it, you will just lose it. Always better to convert money in things like flats or houses, it will give much more profit and stability,than bitcoin. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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jpouza
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June 14, 2017, 12:03:41 PM |
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If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it.
Still it is better to pay this taxes, than to lose everything. It is good that bitcoin is a live, as all network technology, but if something goes wrong with it, you will just lose it. Always better to convert money in things like flats or houses, it will give much more profit and stability,than bitcoin. Bitcoin is a high risk enviroment, that old phrase applies to it: Do not invest more than you can afford, I think Bitcoin deserves to be slowly acquired, satoshi by satoshi, it is possible today to get some 2-4 BTC/year with some effort and keep it stored for the future. |
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Kizaki
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June 14, 2017, 12:05:10 PM |
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I think you should,you can, and you will buy a house in cash |(bitcoins type ) if price go very up high and it goes into news everyday on our tv and if businesses will accept bitcoins payment for their houses
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ocid
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June 14, 2017, 12:29:41 PM |
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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.
It is remarkable if bitcoin prices rise so high it is used to buy the house a thought that promises for a better future may one day be useful for our children and grandchildren later besides the longer the house price will also increase so we anticipate from now with soaring bitcoin prices use that opportunity as well as possible. |
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guoyu78
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June 14, 2017, 01:18:12 PM |
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If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it.
Thats right,it might be much better to convert your btc into fiat but it will take time since some wallets and banks were limiting the cashout. Though houses were really have tax as per law of the governmnents. Yeah it's a great way to convert your Bitcoin to fiat because if we buy a house then we will most pay tax to government if we earn Bitcoin and then convert our Bitcoin to cash and then easily we can buy house you know that there is many countries do not consider that bitcoin is illegal but i hope bitcoin will be legal currency for all country and if all the government accept bitcoin in Adopt it then it's not a big problem for us to buy a house with Bitcoin currently we can buy a house when we convert our bitcoin to fiat. |
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aesma
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June 14, 2017, 01:32:10 PM |
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If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it. My idea now is to buy a house the usual way : with some fiat I have aside for a (big) down-payment, and a big fat 25 years mortgage. Then pay off the mortgage every month with fiat made thanks to bitcoin. Inconspicuous, no large transfer of money. Allows to hold onto my BTC which I expect to go up a lot in the future, much more so than the house. |
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STT
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June 14, 2017, 01:45:08 PM |
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That could be smart yea, obviously whatever makes the mortgage makers happy is probably the best choice. They will look at your Fiat debt and income to ascertain risk but you could overpay with your method and substantially decrease the term of the debt which saves alot of money; due to compound interest.
However one point I was going to say is that by swapping bitcoin to a house deposit you are effectively lowering risk. You are still exposed because the house is a liability until paid off and it costs but the benefit is that it reduces your rent. So all of that is a way to change your risk profile for this money. By keeping the large chunk within bitcoin you will keep the same high level of risk. So yes bitcoin can go up and I think it will or something similar will succeed but this potential profit is also potential loss compared to just swapping BTC to the house instead
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conected
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June 14, 2017, 02:29:11 PM |
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If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it. My idea now is to buy a house the usual way : with some fiat I have aside for a (big) down-payment, and a big fat 25 years mortgage. Then pay off the mortgage every month with fiat made thanks to bitcoin. Inconspicuous, no large transfer of money. Allows to hold onto my BTC which I expect to go up a lot in the future, much more so than the house. - Yeah, buying a house directly with bitcoin in the present time is not possible because bitcoin is still not very popular, many people do not know it and feel not trust it. In addition, the government did not accept bitcoin, this makes buying directly with bitcoin becomes more difficult. The best is that we should buy the house indirectly with Bitcoin, that's pretty simple, we just need to convert bitcoin into cash then buy the house we like. The most important thing is that we need to wait and sell Bitcoins with the highest price possible, avoid wasting too much profit |
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MMA
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June 14, 2017, 05:10:21 PM |
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If you buy a house directly with Bitcoin, you will still need to pay taxes. You will need to report your Bitcoins to the IRS or whatever your country has, because you can't hide a house.. they will find you have a house sooner or later. So before you think about it, consider the % of Bitcoin that will go to taxes first, because maybe you don't have enough to buy it. My idea now is to buy a house the usual way : with some fiat I have aside for a (big) down-payment, and a big fat 25 years mortgage. Then pay off the mortgage every month with fiat made thanks to bitcoin. Inconspicuous, no large transfer of money. Allows to hold onto my BTC which I expect to go up a lot in the future, much more so than the house. - Yeah, buying a house directly with bitcoin in the present time is not possible because bitcoin is still not very popular, many people do not know it and feel not trust it. In addition, the government did not accept bitcoin, this makes buying directly with bitcoin becomes more difficult. The best is that we should buy the house indirectly with Bitcoin, that's pretty simple, we just need to convert bitcoin into cash then buy the house we like. The most important thing is that we need to wait and sell Bitcoins with the highest price possible, avoid wasting too much profit but to me i think it is possible. in such ares where bitcoin is more popular. for example i have a house in my area, which i built for investment purposes so i a person give me a good offer. i will will like to sell it. and even if he offer me bitcoin i am ready to accept bitcoin from him. because i am already investing money in bitcoin and it will be my pleasure if he offer me bitcoin for buying a house. may be there are so many other places where people may be like to use bitcoin for buying and selling a house. |
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crazycatwoman03
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June 14, 2017, 09:00:35 PM |
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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.
If you really have the money why would you hold back? Many people have been dreaming of being able to buy and to own their own house. It is not easy living in a house where you have to pay monthly and to pay at a high rate. Having bitcoin that can support your needs like buying your own house is great. Besides, it is much better to spend you bitcoin in buying a house than using it in playing gambling. I am supporting your idea of buying your own house. I wish that you will find a house that will suite your style and will give you the comfortableness that every house should have. |
INVALID BBCODE: close of unopened tag in table (1)
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kidmodo
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June 15, 2017, 03:22:52 AM |
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Of course you can buy a house with bitcoin, my friend just bought a house with bitcoin, and he plans to buy oil palm plantation to start a business. We do not have to keep all the bitcoin, we can enjoy some bitcoin to buy a house or car, maybe you can start making factory or start doing business, but do not sell all your bitcoin, just sell 30% - 40% bitcoin you have
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freedomno1
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Learning the troll avoidance button :)
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June 15, 2017, 04:32:25 AM |
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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.
He-he this is a classic thread it's nice to see it again today because this person can totally buy a house if they had a decent amount of Bitcoin from 2015 ^^. Now I wait to see what a few Bitcoins gets people in 2020. |
Believing in Bitcoins and it's ability to change the world
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goldcoinminer
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June 15, 2017, 04:59:27 AM |
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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.
He-he this is a classic thread it's nice to see it again today because this person can totally buy a house if they had a decent amount of Bitcoin from 2015 ^^. Now I wait to see what a few Bitcoins gets people in 2020. The more we wait longer we are given a chance to have income and eventually we can buy a house with our precious bitcoin. Although it is not acceptable all over the world but I believe as bitcoin getting popular, slowly sellers could adopt to gain more customers. |
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fullypak
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June 15, 2017, 06:43:22 AM |
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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.
He-he this is a classic thread it's nice to see it again today because this person can totally buy a house if they had a decent amount of Bitcoin from 2015 ^^. Now I wait to see what a few Bitcoins gets people in 2020. The more we wait longer we are given a chance to have income and eventually we can buy a house with our precious bitcoin. Although it is not acceptable all over the world but I believe as bitcoin getting popular, slowly sellers could adopt to gain more customers. Yes this best currency for real estate. We don't need to show our income certificate to buy our own house. If you want to purchase a house with fiat currency, we have a lot of rules and restrictions. But if the seller accepts bitcoin then we can make this deal very easily. It is easy for buyers, but it is tough for the seller. Right now it not possible but in future maybe we can buy. |
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Arahara0230
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SWISSBORG- THE NEW ERA OF CRYPTO WEALTH MANAGEMENT
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June 15, 2017, 08:39:41 AM |
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You should by a house if you really need it man that would be great! If you dont really need it or you have a good house already, man, you should invest it on other things.
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Angel777
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June 15, 2017, 01:45:42 PM |
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If my bitcoin is more than enough to buy a house,yes i will buy a house.So that I have a proof that I can get what ever I want from bitcoin,a remembrance that will enherit until the last generatoin of my family.If bitcoin is increasing continouisly many botcoiner benificiaries will give benefits to become rich or millionaire.Especially the bitcoin saver and the bitcoin collector.
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NEWGOODOUBLE
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June 15, 2017, 02:04:33 PM |
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I think you should,you can, and you will buy a house in cash |(bitcoins type ) if price go very up high and it goes into news everyday on our tv and if businesses will accept bitcoins payment for their houses
If you find someone who sells their house by using bitcoin. You should share the information in this forum. Because surely there will be many interested users. Because in real life is very difficult to find people who receive payment with bitcoin |
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Fredomago
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June 15, 2017, 04:09:05 PM |
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I think you should,you can, and you will buy a house in cash |(bitcoins type ) if price go very up high and it goes into news everyday on our tv and if businesses will accept bitcoins payment for their houses
If you find someone who sells their house by using bitcoin. You should share the information in this forum. Because surely there will be many interested users. Because in real life is very difficult to find people who receive payment with bitcoin maybe the sellers was also a bitcoin fanatic that's why he accept btc payments and its not usual though and for sure if this start in each countries who already use btc like japan and australia it will be easy access to have this good fortune as we knew that there's already a lots of traders and bitcoiners who already gain a lot. |
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Restmand
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June 15, 2017, 05:13:25 PM |
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If my bitcoin is more than enough to buy a house,yes i will buy a house.So that I have a proof that I can get what ever I want from bitcoin,a remembrance that will enherit until the last generatoin of my family.If bitcoin is increasing continouisly many botcoiner benificiaries will give benefits to become rich or millionaire.Especially the bitcoin saver and the bitcoin collector.
yes when i got a 1btc or if my bitcoins here will be go up its prices i can now afford to buy a house, it is not hard for me to buy that matter. i can buy house and i can buy cars if it will happen , but now i only have bitcoin in my dreams all i have is a smaller amount that is satoshis or micro bitcoin, i hope that i could have bitcoin so that i can afford to buy a house for us. |
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jaysabi
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June 16, 2017, 04:40:06 PM |
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Some people seem to think buying a house in bitcoin will save you tax money. Regardless of how you buy your house, you're going to have to pay taxes on it when you sell. If you're buying a house with bitcoin, you're still going to use the USD equivalent for tax purposes. All real estate transactions are registered with a county or local government office, you cannot buy a house anonymously. You will also still be subject to real estate taxes while owning, not just when you sell.
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