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Canadian Man Wants To Trade Home For Bitcoins
An anonymous reader writes with this snippet from CBC News: " It's not often that Canadian real estate listings make international headlines, but a mid-sized Alberta bungalow has people around the world buzzing today after its owner declared that he would like to sell it — for Bitcoins. If successful, 22-year-old entrepreneur Taylor More would be the first person ever to accept the fast-rising virtual currency in exchange for property. 'My home is being traded for Bitcoins!' reads the listing for More's 'quaint' two bedroom home in Crowsnest Pass, Alberta. ... The property is listed for $405,000 CDN, but More writes that 'the price can be reduced" if a buyer has some Bitcoins to spare.'"
22 year olds don't pay off their mortgages. His dad was an NHL player and the house came from his mothers family. He didn't work for it. There are lots of young punks in Alberta that inherited houses and land when the grandparents died and no one wants to move back to the farm or small town so they sell it. And since the housing boom in 2005 land prices went up rediculiously in small towns thanks to immigration and temporary foreign residents. Most people in Alberta are up to their eyeballs in debt it is expensive to live and wages have dropped steadily or the last 5 years because so many foreign resident live here. They cram 10 - 15 people in a house and under cut the local contractors and work for less wages than locals so they can squirrel away a few dollars to send home, the place with the high exchange rate they came from. A job that paid $35/hr 5 years ago pays $20-$25 now. Where I live milk is $7 a gallon, bannanas are almost $1/lb, a single cucumber is $2. I live in a town with 420 houses. 50 are currently for sale. Half the local bussnesses have shut down. Everyone wants to move but you can't sell your house.