Would you buy a house?

[nelisky]

So I have a house on the market... it's in southern Brazil, near Joinville, about 500 Km south of São Paulo. It's a spacious 2 bedroom house (with 3 bathrooms, go figure) and has a detached house to rebuild, a place for the car and bbq and washing machines as an annex, has almost 10000 square meters of land, a lake, etc.

Would you buy a house for Bitcoins? Is it too early in the game? I haven't spoken to the missy's about that, obviously, but if there was real interest (from someone with enough coins) I would certainly be game

~500k coins is the direct dollar to bitcoin conversion, but I'd probably want a little extra margin, for the risk (and because I will need to eventually cash in those coins, and fees for these amounts are a pain)

So folks, is there a market this big already?.

EDIT: Proposals using bitcoins, money and other commodities and currencies will be considered, but bitcoins should always be there, if modestly so

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[grondilu]

So I have a house on the market... it's in southern Brazil, near Joinville, about 500 Km south of São Paulo. It's a spacious 2 bedroom house (with 3 bathrooms, go figure) and has a detached house to rebuild, a place for the car and bbq and washing machines as an annex, has almost 10000 square meters of land, a lake, etc.

Would you buy a house for Bitcoins? Is it too early in the game? I haven't spoken to the missy's about that, obviously, but if there was real interest (from someone with enough coins) I would certainly be game

~500k coins is the direct dollar to bitcoin conversion, but I'd probably want a little extra margin, for the risk (and because I will need to eventually cash in those coins, and fees for these amounts are a pain)

So folks, is there a market this big already?.

I don't have 500 kbc, but I'm in for 1,500 bc.  However, you don't seem very serious about selling this house.

[nelisky]

I don't have 500 kbc, but I'm in for 1,500 bc.  However, you don't seem very serious about selling this house.

Well, for 1.5K no, I'm not serious at all It's not an auction because I will not sell for less than what I paid for, which is what I advertised. I am dead serious about selling it, though, as it is on the market already.

I do not know if I will sell it for bitcoins, because right now it is very hard to convert them to cash even for small amounts, and I will need the cash. I could be persuaded to do part bitcoins though, and even all bitcoins if the market trend continues in the upward direction, but you are right, this is just a discussion starter, not (yet) an actual proposal.

[grondilu]

Well, for 1.5K no, I'm not serious at all It's not an auction because I will not sell for less than what I paid for, which is what I advertised. I am dead serious about selling it, though, as it is on the market already.

Well, in an auction, you can always buy yourself before the end, in case you're really not happy with the highest bid.

[TTBit]

These larger transactions make the currency stronger, as any sound currency does. If I went to MtGox and bought up 200,000 coins and drove the price to $1.25 each, would you consider 200,000 coins? (I am not bidding on your house, only example)

In a fiat regime, you just print up what you need, and let everyone else worry about the debasement.

[Anonymous]

Does satoshi,knightmb or artforz need a house? 

[MoonShadow]

I don't have 500 kbc, but I'm in for 1,500 bc.  However, you don't seem very serious about selling this house.

Well, for 1.5K no, I'm not serious at all It's not an auction because I will not sell for less than what I paid for, which is what I advertised. I am dead serious about selling it, though, as it is on the market already.

I do not know if I will sell it for bitcoins, because right now it is very hard to convert them to cash even for small amounts, and I will need the cash. I could be persuaded to do part bitcoins though, and even all bitcoins if the market trend continues in the upward direction, but you are right, this is just a discussion starter, not (yet) an actual proposal.

You could consider bitcoins as part of the sale price.  In the same way that appliances and window dressings are negotiable, so is the actual trade currency.  Beyond what is required to pay the note, anyway.  On your regular ad, just put a little blurb about "alternative currencies will be considered".  Your more likely to get a mixed offer with Euros, precious metal, or a vehicle than bitcoins; but there is no reason to be picky.

Considering that there are only about 4 million bitcoins in circulation at this time, I doubt that anyone has 500K bitcoins.

[bitcoinex]

such purchase would cause very large fluctuations on the market

[MoonShadow]

Does satoshi,knightmb or artforz need a house? 

Considering how private an individual Satoshi seems to be, I wonder what the odds are that he is another 12 year old hacker genius like DVD Jon; and his father won't let him interact too deeply with the crazy American crypto-geeks without parental oversight.

Of course, by now he would probably be 14.

[Anonymous]

I can afford the front step of the house.

[nanaimogold]

I'll buy a chair near the lake for 100 BTC!

[nelisky]

I'll buy a chair near the lake for 100 BTC!

It's great for fishing! You get a seat by the lake with 1Kg fish in it But you'll have to discuss that with whoever buys the house.

[nelisky]

These larger transactions make the currency stronger, as any sound currency does. If I went to MtGox and bought up 200,000 coins and drove the price to $1.25 each, would you consider 200,000 coins? (I am not bidding on your house, only example)

In a fiat regime, you just print up what you need, and let everyone else worry about the debasement.

I don't think I could trust a spike in the price as basis for negotiating. If you would do that and a week passed, bcm and mtgox both had solid volume on that price range, sure.

Also, according to the values you provide you would be paying 2.5x what I requested originally, which obviously gave me a buffer to work with, but I would have to see how the markets reacted for a few days before accepting, I guess.

[nelisky]

4 million bitcoins in circulation at this time.

Correct me if I'm wrong. I have read this is hard coded number in the system. If this is true, the btc economy is far lower than it nowadays. This number was not reached yet as the network is still mining coins.

I will bid 1 btc for the house photos

Valerius

Hard coded to 21M, we're at 4.43 right now.

I didn't put photos on purpose. They will be provided to real prospective buyers with good reputation Ya know, privacy paranoid. I will try and come up with a few that don't give too much on the exact location though.

[TTBit]

These larger transactions make the currency stronger, as any sound currency does. If I went to MtGox and bought up 200,000 coins and drove the price to $1.25 each, would you consider 200,000 coins? (I am not bidding on your house, only example)

In a fiat regime, you just print up what you need, and let everyone else worry about the debasement.

I don't think I could trust a spike in the price as basis for negotiating. If you would do that and a week passed, bcm and mtgox both had solid volume on that price range, sure.

Also, according to the values you provide you would be paying 2.5x what I requested originally, which obviously gave me a buffer to work with, but I would have to see how the markets reacted for a few days before accepting, I guess.

Well, I would buy the 200,00th coin at $1.25. Assume my average price paid was 60c for 200,000 coins. Bad example by me, but I think I'm stating my point.

[MoonShadow]

4 million bitcoins in circulation at this time.

Valerius

Please do not add markups to my words when you quote them, unless you are willing to note that the emphasis is yours, not mine.  It could change the interpretation of the statement, once edited out of context and the emphasis altered.  You really shouldn't do this for anyone, it's bad form.

[Anonymous]

Maybe someone has already generated most of the coins they would need. In which case they wouldn't have to buy as many.

[hugolp]

What about buying it between a group of some bitcoiners and create the first bitcoin republic?

[xxmalouinxx]

Hehe, it remember me when rumor has that Pirate Bay wanted to buy Sealand =)

[grondilu]

What about buying it between a group of some bitcoiners and create the first bitcoin republic?

A republic in a house ??