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You can buy a house in bitcoin, they don't even have to be that expensive. Source: I just bought a home in Los Angeles. I expected I'd have to compete against

You can buy a house in bitcoin, they don't even have to be that expensive. Source: I just bought a home in Los Angeles. I expected I'd have to compete against all-cash offers; I did not think I would have to be competing for a home against all-bitcoin offers. Many brokerages from my anecdotal experience will gladly accept Bitcoin. (I have no stake in crypto in any capacity, just thought it's worth sharing, since it surprised me) https://themillergroup-bcb.com/buy-with-bitcoin https://themillergroup-bcb.com/buy-with-bitcoin https://www.dirt.com/gallery/moguls/power-players/crypto-billionaire-house-los-angeles-1203415474/ https://www.dirt.com/gallery/moguls/power-players/crypto-bil...

otterley 5y ago
As far as I know, none of the major escrow agencies accept Bitcoin directly. The preferred method of deposit is still either a garden variety wire transfer or cashier’s check. That doesn’t mean that Bitcoin is impossible, but a boutique escrow agent such as one of these linked will have to be proposed by the buyer, and the seller will have to accept the risk of a relatively unknown agent being involved.
- thebradbain 5y ago
  That makes complete sense. I will however say that the 3 homes I personally encountered where this happened (think $1-$2m range, not estates worth 10s of millions), the _selling_ agents were proudly proclaiming they accept Bitcoin, with one even saying their sellers preferred Bitcoin to all-cash.
  - otterley 5y ago
    Gee, that doesn't sound suspicious at all.
- KirillPanov 5y ago
  > As far as I know, none of the major escrow agencies accept Bitcoin directly. In Washington State every attorney is automatically a licensed escrow agent. I believe this is the case in many/most states. [*] They certainly aren't the cheapest escrow agents, but there are enough attorneys that you simply need to work your way down the list until you find one that handles bitcoin. There are a lot of fish in this ocean, and they like getting paid. This advice applies to pretty much any "$BIG_ESCROW_COMPANY won't do XYZ for irrational reasons" problem. [*] in fact, technically it's the other way around: WA escrow agents are licensed as "limited practice attorneys" who are only allowed to practice one very narrowly-defined type of law: escrow arbitration. https://www.wsba.org/for-legal-professionals/join-the-legal-profession-in-wa/limited-practice-officers https://www.wsba.org/for-legal-professionals/join-the-legal-...

otterley 5y ago

As far as I know, none of the major escrow agencies accept Bitcoin directly. The preferred method of deposit is still either a garden variety wire transfer or cashier’s check. That doesn’t mean that Bitcoin is impossible, but a boutique escrow agent such as one of these linked will have to be proposed by the buyer, and the seller will have to accept the risk of a relatively unknown agent being involved.

thebradbain 5y ago
That makes complete sense. I will however say that the 3 homes I personally encountered where this happened (think $1-$2m range, not estates worth 10s of millions), the _selling_ agents were proudly proclaiming they accept Bitcoin, with one even saying their sellers preferred Bitcoin to all-cash.
- otterley 5y ago
  Gee, that doesn't sound suspicious at all.
KirillPanov 5y ago
> As far as I know, none of the major escrow agencies accept Bitcoin directly. In Washington State every attorney is automatically a licensed escrow agent. I believe this is the case in many/most states. [*] They certainly aren't the cheapest escrow agents, but there are enough attorneys that you simply need to work your way down the list until you find one that handles bitcoin. There are a lot of fish in this ocean, and they like getting paid. This advice applies to pretty much any "$BIG_ESCROW_COMPANY won't do XYZ for irrational reasons" problem. [*] in fact, technically it's the other way around: WA escrow agents are licensed as "limited practice attorneys" who are only allowed to practice one very narrowly-defined type of law: escrow arbitration. https://www.wsba.org/for-legal-professionals/join-the-legal-profession-in-wa/limited-practice-officers https://www.wsba.org/for-legal-professionals/join-the-legal-...