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Author Topic: [2014-06-19] CNBC: House for sale. Asking price: 2,826 bitcoins  (Read 678 times)
LiteCoinGuy
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June 19, 2014, 05:34:10 PM
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House for sale. Asking price: 2,826 bitcoins

http://www.cnbc.com/id/101773357


asians love london  Tongue

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June 19, 2014, 06:00:09 PM
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Nice article.  Would like to see this kind of thing "filter down" to the types of houses that the common man (thats me) can actually afford.  At this point it's basically just big btc bag holders rubbing shoulders with the wealthy elite.  Eventually I suspect we will start seeing more and more houses going up for sale accepting at least partial payment in bitcoin for reasonably priced homes.

Very cool nonetheless.

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June 20, 2014, 03:55:25 AM
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Imagine being the seller and accepting the 2,826 Bitcoin offer for your house and 40 days later at closing, the "value" of Bitcoin has dropped 50% AGAIN. I guess you would be out of half of value of your house. It will be shock for seller. I would hope that both the buyer and the seller would be smart enough to base the transaction on a real currency and then agree to settle at the Bitcoin (temporary) exchange rate on the day of closing.
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June 20, 2014, 03:59:09 AM
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Quote
"Cai-Capital is proud to announce that we are the first UK Property Company to accept bitcoins and other cryptocurrencies," the firm said in a statement.
I'm glad to hear it. Now I need to mine a lot of BTC and only then my dreams comes true
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June 20, 2014, 04:14:01 AM
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Imagine being the seller and accepting the 2,826 Bitcoin offer for your house and 40 days later at closing, the "value" of Bitcoin has dropped 50% AGAIN. I guess you would be out of half of value of your house. It will be shock for seller. I would hope that both the buyer and the seller would be smart enough to base the transaction on a real currency and then agree to settle at the Bitcoin (temporary) exchange rate on the day of closing.

Well if you have a terrible Real Estate agent/attorney who doesn't write that contingency into the contract, then yes it would suck. But if a person has a brain they would register  conditions in the contract
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June 20, 2014, 05:34:32 AM
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A lot of houses are currently for sale in Bitpremier. I am seeing these ads for many months now, but don't know whether any of them have actually been sold for Bitcoins.  Anyway, good PR for Bitcoin from CNBC. Grin

https://www.bitpremier.com/5-real-estate
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June 20, 2014, 07:11:16 AM
 #7

House for sale. Asking price: 2,826 bitcoins

http://www.cnbc.com/id/101773357


Cool stuff I can imagine the amount of money they saved in transaction fees Smiley
And yet another example of the increasing usage of Bitcoin as a means of exchange since Millions in this case were moved between groups willing to use it Smiley.

Anyways they probably have a buy and hold strategy since Bitcoins price does fluctuate a bit and heck 2K BTC that can go to up a lot as well seems like a risk that the Ultra Rich would not mind taking.

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June 20, 2014, 11:48:15 AM
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Imagine being the seller and accepting the 2,826 Bitcoin offer for your house and 40 days later at closing, the "value" of Bitcoin has dropped 50% AGAIN. I guess you would be out of half of value of your house. It will be shock for seller. I would hope that both the buyer and the seller would be smart enough to base the transaction on a real currency and then agree to settle at the Bitcoin (temporary) exchange rate on the day of closing.

There are quite a few real estate markets that are overvalued by 50-70% and in some ways it would piss me off more to buy a house and by the time it closes find out that it's worth 50% less than I paid for it.
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