[WTS] House (Erie, PA, USA) for Bitcoin

[Kluge]

http://www.trulia.com/property/3075206391-1576-W-36th-St-Erie-PA-16508




(fwiw, property tax data is bullshit. Not sure how realtor came up with that number. It's more like $2,500/yr after "school taxes." I'm very willing to tell you everything wrong with the house if interested!)

[BTC guy]

Awesome. I wish i could buy a house in my area with BTC.

[Kluge]

Features of the house:
*Sub-flooring, toilet, paint, outlets, vents, tiling personally replaced by a Bitcoin enthusiast. I touched them. You can touch them, too!
*You can run at least 6 5850s on one circuit without problem.
*Worried the house won't have character? I didn't bother wiping the outside of a window upstairs where the mining rigs were set up. Be awe-struck by the ring of dust brought in by an intake fan which blew air over REAL Bitcoin mining components!
*Worried your neighbors won't like you? We had sex outside, did lots of remodeling and garbage-tossing during late-night while they were sleeping -- how bad could you be?!
*Many neighbors are old. As told by our recently-immigrated Ukrainian painters, "your neighborhood is filled with many older white people. It's much quieter than some places we go where there are many young blacks and you can hear them arguing very loudly, you know? I like these kinds of places better." Later, he asked which country provides our bananas. (P.S. One of the two connecting neighbors migrate south for Winter!)
*One side of hedges is minimally trimmed by a neighbor. That means you only have to trim 2.5x your share of hedges!
*We hid a large quantity of pre-82 pennies somewhere in the house if you're in the mood for adventure!
*Basement no longer flooded with human feces! Enjoy even more peace-of-mind knowing it won't happen again for a long, long time as the septic pipe from house to city line was replaced a couple months ago!

[eroxors]

Epic thread.

[jwzguy]

Awesome! I hope your buyer has BTC.

If someone did take you up on this, would you keep it off the books?

[Niann]

Nice!

Awesome thread, good luck with your sale my friend.

[Kluge]

Awesome! I hope your buyer has BTC.

If someone did take you up on this, would you keep it off the books?

I keep spreadsheets on everything.

[jwzguy]

Awesome! I hope your buyer has BTC.

If someone did take you up on this, would you keep it off the books?

I keep spreadsheets on everything.

Not trying to imply anything shady, it might bring up some interesting legal/tax issues if you were to try to officially accept it as part of the contract...or maybe not. I was just curious as to how that would go.

[the joint]

If anybody buys this house with BTC and the transaction ends up in a newspaper somewhere...

I will buy you a dream catcher 

[Kluge]

Awesome! I hope your buyer has BTC.

If someone did take you up on this, would you keep it off the books?

I keep spreadsheets on everything.

Not trying to imply anything shady, it might bring up some interesting legal/tax issues if you were to try to officially accept it as part of the contract...or maybe not. I was just curious as to how that would go.

Honestly, I have no idea how it would work out, but the amount of potential tax loss is probably no more than $50 (2% of sale price between city & state, federal taxes would be easily covered by deductibles) between all involved governments if someone paid the max $3000 I'm willing to take in BTC. If the state gov't became aware of what's happened and wish to press their claim, it may give interesting results. The realtor's the one who'd really be getting screwed out of money (nearly $200), but I'm fine with that given how much he's charging.

[check_status]

Are you moving here --V

[Kluge]

Are you moving here --V

Ideally:


Short sale, middle of nowhere (been on the market for well over a year), great bargain. 30 acres of woodlands, roads out are all private in a forest with sturdy gates barring unwanted visitors. Electric lines are all underground, has a wood boiler, shed, garage, everything's within 6 years old, so all the outlets are nice and grounded, the pumps shouldn't fail for a good while, and given it's a barbie house, it should be pretty low-maintenance.

[max in montreal]

what would the price be on a house in that area with those specs...nice chunk of land!

[Kluge]

what would the price be on a house in that area with those specs...nice chunk of land!

$88,500 -- I think I can get away with a bid <$80, though. It's been on the market a looooong time, and I imagine banks must hate sitting on property.

[Kluge]

Most of the grounded outlets the previous owner put in were not grounded. Many of these were rectified when I changed outlets for aesthetic purposes!

[pastory99]

First house for sale for btc? good luck!

[RaggedMonk]

What do you mean by "Willing to accept as payment or finance up to $3,000 in Bitcoin!"

Will you only accept 2% of the purchase price in bitcoin?  That isn't exactly selling a house for bitcoin...

[Kluge]

What do you mean by "Willing to accept as payment or finance up to $3,000 in Bitcoin!"

Will you only accept 2% of the purchase price in bitcoin?  That isn't exactly selling a house for bitcoin...

Never claimed to be. I'm willing to accept up to 2% of purchase price in BTC, yes. I am not the sole owner of the house and want to purchase another house soon. AFAIK, the bank selling the house I'm looking at isn't willing to accept BTC.

Still, a first step toward BTC-denominated mortgages. 

[RaggedMonk]

What do you mean by "Willing to accept as payment or finance up to $3,000 in Bitcoin!"

Will you only accept 2% of the purchase price in bitcoin?  That isn't exactly selling a house for bitcoin...

Never claimed to be. I'm willing to accept up to 2% of purchase price in BTC, yes. I am not the sole owner of the house and want to purchase another house soon. AFAIK, the bank selling the house I'm looking at isn't willing to accept BTC.

Still, a first step toward BTC-denominated mortgages. 

Reread the thread and yep, you are right.  The peanut gallery caused me to misunderstand.

[Kluge]

Updated OP. Accepting up to $5k in BTC.