L.A.’s real estate industry enters the age of bitcoin
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Bitcoin is an open-source digital currency that, through its peer-to-peer exchange system, avoids the need for banks.
A bitcoin real estate transaction is the confluence of two extremely bubble-prone fields. Although the technology is still in the early stages and few people are actually buying goods with the currency, real estate presents a compelling use case for bitcoin — even though spending it to buy a home can lead to a legion of unforeseen frustrations.
A handful of bitcoin-seeking luxury real estate listings have popped up around the country, and experts predict the digital currency could grow to be a viable means of home buying.
The article is written by Jack Flemming and Phillip Molnar for Forbes Online. You can read the full article here.
Sheila Abai is a senior mortgage consultant. She utilizes her 20+ years of finance and mortgage experience to identify the best mortgage and refinancing solutions for her clients. Sheila can be contacted via email at sheilaabai10@gmail.com or via telephone at (310) 666-6601.