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Author Topic: Buying a house with bitcoin  (Read 6032 times)
wasserman99
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August 29, 2014, 08:49:09 PM
 #81

I'll be depressed until the day 1 btc can buy you one house
It can! Have a look in Detroit.
This technically isn't true. Even if you were to buy the house as an asset for $500 (~1 BTC) you would first have to pay a lot more then that in order to make the house habitable. You would also have the increased tax payments to the state and local tax authority that you would likely need to pay if you were to move from out of state and have the same income. Not to mention the likely medical bills from the increased chances of getting mugged and the replacement costs of your assets that would have a much greater chance of getting stolen.

Considering you can actually defend yourself in Detroit, I don't think being a mugging victim (as opposed to an attempted mugging victim) is that big of a threat.
It is generally not a good idea to try to defend yourself against a mugger that has any kind of a weapon. If someone is willing to pull a gun or a knife on you then they might as well be willing to use it against you. If you give them what you want then the worst that will generally happen is they will get whatever valuables you have on your person at the time.

“Studies that directly assessed the effect of actual defensive uses of guns (i.e., incidents in which a gun was ‘used’ by the crime victim in the sense of attacking or threatening an offender) have found consistently lower injury rates among gun-using crime victims compared with victims who used other self-protective strategies,” the CDC study, entitled “Priorities For Research to Reduce the Threat of Firearm-Related Violence,” states.

Guns are valuable, so rather than be murdered or maimed after complying, I would prefer to give my gun to them, bullets first.
I would still want to avoid this kind of situation in the first place. If you can avoid living in a neighborhood that has a lower crime rate (this isn't saying much when comparing to detroit) the chances of you being in this situation are much lower (even if your chances of injury are lower if you "use" your gun on an assailant, the chances are still far from zero).   

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TheButterZone
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August 30, 2014, 01:59:39 AM
 #82

Eventually all the criminals in Detroit will be pacified or flee for "fuck civil rights, gun control!" jurisdictions. Then the newer Detroit residents will laugh their asses off at your lack of foresight.

HungryLaunch
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August 30, 2014, 03:42:44 AM
 #83

good idea to buy a house using bitcoin currency
giveBTCpls
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August 30, 2014, 09:52:47 PM
 #84

Detroit seems like a post apocaliptic mad max wild wild west kinda scenareo right now. I dont know what the fuck is Obama waiting for to do something about it? I mean give me a break, what a waste.

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August 30, 2014, 09:58:07 PM
 #85

Comments like that make me think you've either not watched any Mad Max movies, or haven't been in Detroit recently.

keithers
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September 07, 2014, 12:10:34 AM
 #86

Here is another house that is listed for BTC

http://www.komonews.com/news/local/Million-dollar-WA-house-being-sold---for-Bitcoin-274179231.html?mobile=y
Bitzkrieg
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September 08, 2014, 01:10:23 PM
 #87

good idea to buy a house using bitcoin currency

Its a great idea. Smiley

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September 08, 2014, 01:10:37 PM
 #88

Footlocker should accept bitcoin too

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September 08, 2014, 01:10:50 PM
 #89

Who owns this house previously?
thecast
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September 08, 2014, 02:45:58 PM
 #90

Seen this happen in reddit before lol
SW725
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September 09, 2014, 06:30:26 AM
 #91

Footlocker should accept bitcoin too

that will happen if Lebron is paid in bitcoin
GenieBTC
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September 09, 2014, 04:15:12 PM
 #92

You cant even imagine what else are for sale for BTC
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September 10, 2014, 03:45:34 AM
 #93

Footlocker should accept bitcoin too

that will happen if Lebron is paid in bitcoin

Floyd Mayweather should take 1 fight's paycheck in BTC.   That alone would put him near the top of the list in BTC holders.  I don't know if we would want someone like him being able to manipulate the market...
BitCoinNutJob
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September 10, 2014, 03:49:38 AM
 #94

Footlocker should accept bitcoin too

that will happen if Lebron is paid in bitcoin

Floyd Mayweather should take 1 fight's paycheck in BTC.   That alone would put him near the top of the list in BTC holders.  I don't know if we would want someone like him being able to manipulate the market...

If hes taking a single payment from a single source the source would pump the shit out the market buying all the coins to pay him that much meaning he would hold less than we think.
leannemckim46
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September 10, 2014, 04:59:46 AM
 #95

This is a good way to get some free press/advertising for your listing but I think it will severely shrink the number of potential buyers for the house. Only accepting bitcoin will make it much more difficult to obtain financing and buyers that do have the assets to not need a mortgage likely will not want to take the risk of holding bitcoin even if for a short period of time.

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B1tc01n5
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September 10, 2014, 04:24:52 PM
 #96

Footlocker should accept bitcoin too

that will happen if Lebron is paid in bitcoin

Floyd Mayweather should take 1 fight's paycheck in BTC.   That alone would put him near the top of the list in BTC holders.  I don't know if we would want someone like him being able to manipulate the market...
Lol he would cash it all out, he would be clueless and would just want dat dolla dolla.
omnidoge
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September 17, 2014, 12:24:19 PM
 #97

Planning on buying a house in the UK with bitcoin when it goes to the moon in next price bubble.  Buying with bitcoin will mean avoiding tax vs cashing out bitcoin before purchase in UK im pretty sure?

Im imagining issues of:

1.) Estate agents will still assume bitcoin is retarded money :/

2.) Negotiating for a lowball price will be harder with bitcoin

3.) General lack of choice, we need ebay to accept bitcoin or like a bitpay for property

Any tips about how to go about the procedure, has anyone bought a property with bitcoin? (if UK great!)

This post was back in May, so how you doing with that house hunting?
wachtwoord
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September 17, 2014, 12:37:22 PM
 #98

Planning on buying a house in the UK with bitcoin when it goes to the moon in next price bubble.  Buying with bitcoin will mean avoiding tax vs cashing out bitcoin before purchase in UK im pretty sure?

Im imagining issues of:

1.) Estate agents will still assume bitcoin is retarded money :/

2.) Negotiating for a lowball price will be harder with bitcoin

3.) General lack of choice, we need ebay to accept bitcoin or like a bitpay for property

Any tips about how to go about the procedure, has anyone bought a property with bitcoin? (if UK great!)

This post was back in May, so how you doing with that house hunting?

And why the need to pay in Bitcoin directly? Using fiat as a medium it doesn't pose any difficulties.

richardramirez9
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September 17, 2014, 12:48:36 PM
 #99

You should buy everything with bitcoin, the more expensive the better.
wachtwoord
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September 17, 2014, 12:53:54 PM
 #100

You should buy everything with bitcoin, the more expensive the better.

I prefer buying things with the worst type of money I have (fiat) and keep the Bitcoin. Of course, if there is a discount on using Bitcoin I might be swayed (but then I'll just replace the lost Bitcoin with fresh fiat)

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