Quote from: Febo on October 29, 2015, 11:19:31 PM

Quote from: lumeire on October 29, 2015, 10:12:12 AM

Quote from: doublemore on October 29, 2015, 09:54:06 AM

Quote from: Denker on October 29, 2015, 09:45:04 AM

Quote from: doublemore on October 29, 2015, 09:04:54 AM

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.

Man when Bitcoin reaches these high value I swear you need to convert into fiat. You will be able to buy a house with Bitcoin!The seller will accept Bitcoin! Wink

Yeah i know but maybe not on this next bull run. Lets say we hit $3k- $4k in the next few months which could happen i doubt everyone well accept bitcoins for houses. Some people will sure.

That's too much of a bull run even if we have the halving next year. Everyone would have sold before that comes that the price would come crashing back to where we are now.

@ontopic, why a house? A much better option would be something income generating - like a franchise.

or a trailer. Why spend so much on a house you cant even drive with you. You spend only 10% and buy supedooper trailer. And then you are like on vacations all teh tiem and you can visit many Bitcoin conventions every year.

Yes i have thought of that, there are disadvantages to a trailer though like depreciation and it might be a little more than 10% of what i had planned to spend on a house. Being flexible is great though and travel.

Quote from: StevenLiang on October 30, 2015, 06:33:09 AM

Quote from: darkangel11 on October 29, 2015, 02:09:10 PM

You should. Buy an apartment in one of the biggest cities if possible and you're set. Unlike a house, you'll always be able to rent or sell it.

In some country apartment not really profitable than a house. Only try to buy apartment if you on big country or capital city.
Anyway, you should buy a house, apartment and if you can, build mini-apartment for rent.

I've lived in both detached houses, flats/apartments and they offer different benefits. Apartments can come with noise from neighbours but are usually super cheap on bills - heating cheap if you live above ground floor, no maintaining a garden.

Detached houses are great for peace but expensive and time consuming. Renting one really sucks when you find yourself having to keep the garden in shape and the dam garden isn't even yours ha.