Nanaimo Real Estate Blog
Earlier this year, our McCullough Team discussed unique ways that we could share our knowledge of credit, lending practices and investing with our community. We are excited to announce that we are partnering with Junior Achievement Canada, an amazing program that introduces concepts such as interest, credit card debt and types of currency to teens throughout Canada. JA Canada helps to deliver cutting-edge, experiential learning in financial literacy and entrepreneurship. The organization is committed to encouraging students to engage in their own economic development and contribute to the strength of their families, their communities, and Canada's economy. Myles and I will be presenting to a Dover Bay classroom four sessions that hopefully will be engaging and informative for the students. Our message will be that every student can develop a millionaire mindset - even before college. Understanding the pitfalls of poor financial decisions and how they can impact us for the balance of our lives is critical for encouraging our youth to see money through a different lens.
The VIREB stats show that we are still in a seller's market presently, but that there are indications that the real estate market is changing. Our society seems to have embraced a frantic and impatient model of behavior that can prove costly for a home buyer. According to clinical psychologist Szana E Flores, author of Facehooked: How Facebook Affects Our Emotions, Relationships and Lives, she lays blames solely on technology and social media. "The millennial generation grew up on a whole lot of technology, more so than other generations, and they feel the fallout of that," she says. "But most of us are becoming less comfortable with delayed gratification."
I drove past a home in Nanaimo that had sold and had undergone substantial renovations. It looked very impressive from the front of the home, until I noticed a large red line down one side of the driveway and a survey post in front of it. I thought that it was quite odd, given that the property was over a half an acre and the line was directly down the driveway. I asked a neighbour who advised that the driveway was actually on the neighbour’s property and this was now causing some problems between the neighbours. It seemed as though the new neighbour was quicking becoming a bad neighbour!