Re: How many bitcoins are needed to buy a house in your country?
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Houses are one of the things that you sell your Bitcoins to buy it, but is it better to sell now or wait?
The motives for writing the topic are the following two topics.
October 2020 the avg house cost 23 Bitcoins.
October 2021 the avg house cost 5 Bitcoins.
Home prices are down 78% over the past year. Anybody know why the housing market crashed over the past year?
Source: https://www.reddit.com/r/Bitcoin/comments/qa8ity/why_is_housing_so_cheap_and_affordable_when/
Source: What can 1 Bitcoin buy in your country?
So if you have historical data it would be better, otherwise tell us how many bitcoins are needed to buy a house now and several years ago.
I will archive this topic in a few days so that we can compare it after 4 years and see the difference in the houses.
Houses are one of the things that you sell your Bitcoins to buy it, but is it better to sell now or wait?
The motives for writing the topic are the following two topics.
Quote
October 2020 the avg house cost 23 Bitcoins.
October 2021 the avg house cost 5 Bitcoins.
Home prices are down 78% over the past year. Anybody know why the housing market crashed over the past year?
Source: https://www.reddit.com/r/Bitcoin/comments/qa8ity/why_is_housing_so_cheap_and_affordable_when/
Source: What can 1 Bitcoin buy in your country?
So if you have historical data it would be better, otherwise tell us how many bitcoins are needed to buy a house now and several years ago.
I will archive this topic in a few days so that we can compare it after 4 years and see the difference in the houses.
So to answer your question, if it is a good idea to buy a house with Bitcoin, I take you back to this article that was posted in 2018.
https://www.cnbc.com/2018/01/03/heres-the-one-thing-you-need-to-buy-a-house-with-bitcoin.html and I quote : " a Lake Tahoe property that sold in 2014 for 2,739 bitcoins, or $1.6 million. " .....
Based on the Bitcoin price today at $57,460 ..those 2,739 bitcoins will be valued at roughly $157,382,940
(So even if the property market boomed like crazy, you will never see an increase in the value of that property at that rate over the same period.)The other scenario is this... IF the Bitcoin price drop to say $1000 ....those bitcoins will still be worth $2,739,000... but the property will be worth a lot more.
