Scott Harriman Newsletter July 2016 ver. 16.06

Scott Harriman - Commercial and Residential Mortgage Broker

Simply Commercial Mortgage Architects

Mortgages@ScottHarrimanMortgages.com
(250) 565-4969 / 1 (604) 328-5004
http://www.scottharrimanmortgages.com

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How to Eat a Whale

 

This is an extremely pertinent topic given that all British Columbians talk about seems to be the Real Estate Marketplace. 

This article by Dustan Woodhouse dissects the Hedge Fund guru's plan to "short sell" the Vancouver Real Estate Market. Includes several links to videos and other information.

For the best "experience" click on the long version. Very comprehensive. 

So... will there be a burst of the bubble? Read through this and decide for yourself. 

Click here



Michael Campbell's 3rd Quarter Report

 

Here is Michael Campbell's 3rd Quarter 2016 Economic Report. Easy to digest and a good read. 



Foreclosures

 

July Abby Attached
July Abby Detached
July-Burnaby-Attached
July-Burnaby-Detached
July Chilliwack Attached
July Chilliwack Detached
July-Coquitlam-Attached
July-Coquitlam-Detached
July Langley Attached
July Mission Attached
July Mission Detached
July-New-West-Attached
July-North-Vancouver-Attached
July-North-Vancouver-Detached
July-Pitt-Meadows-Detached
July-Port-Coquitlam-Attached
July-Port-Moody-Attached
July-Richmond-Attached
July-Surrey-Attached
July-Surrey-Detached
July-Vancouver-Attached
Prince George July 2016 duplex listings
Prince George July 2016 foreclosure listings

Above is a list of foreclosures in the Lower Mainland.There are some great deals to be had for either your own home or as a rental property.  Check them out at the links above.

I also have some Prince George foreclosures and a handful of duplexes in Prince George for easier entry into Investment Real Estate.



Millenials - Understanding the Borrowers of Tomorrow (and Today)

 

This confirms the challenges in dealing with millennials when you are from a different era. I will strive to meet those challenges!

Millenials - Understanding the Borrowers of Tomorrow (and Today)

There is a lot being said about how millennials are entitled, lazy, or living in our parents’ basements. Let’s just get this out of the way up front: since I was born in the 80’s, yes, I...read more

https://www.linkedin.com/pulse/millennials-understanding-borrowers-tomorrow-today-lee-noble



July and the Living is easy! sort of

 

Hi all, this has been a busy few weeks keeping up with the Real Estate Business as a whole with a lot of different things happening all at once.

Thank you for reading this newsletter, I am quite proud of the content that I was able to gather and share with you for this edition. Follow the links for the details.  

Fortunately, there is some clarity being brought to our attention thank you to the good folks at Home Equity Solutions and their Chief Economist Ben Johnson. Johnson's blog covers what can and cannot happen as the three levels of government gnash their teeth over Real Estate in Vancouver, all of BC and the whole of Canada.

Interesting and illuminating read here.

Mortgage Guru Dustan Woodhouse has blogged a piece challenging the "burst bubble" theory that is hypothesized by a retired hedge fund manager who expects to make huge profits on the collapse of the Vancouver Real Estate market. Top of the left hand column. 

I've also included Michael Campbell's quarterly review of the Economy. Again a very engaging article with his perspective. Thank you to Verico for sharing this report. See the report in the left hand column.

The always popular Real Estate Porn for those who wish to leer at foreclosures is featured at the bottom of the left hand column.

I also have some active listings in Prince George for revenue generating duplexes. Some have additional accommodations in the basement included in the PDF's with the foreclosures.

Finally, the Must Read for SELF-EMPLOYED INDIVIDUALS, BUSINESS OWNERS AND INVESTORS follows this message on the right hand column. 

Thank you again to Home Equity Solutions for an earlier blog of theirs which highlights the cost of a conventional bank mortgage vs. using a private lender who will not be reliant on your declared income. Authored by Ben Johnson, Chief Economist of Home Equity Solutions.

Thank you for reading all the way to the bottom! 

Oh, and by the way, I always have time for your referrals from your friends and family.



Self Employed? Bank Mortgage vs Private - Which is better?

 

A Big Thank you to the folks at Home Equity Solutions and Ben Johnson the Economist who authored this Blog. Very well thought out piece and is a must read if you are Self-Employed.

These and other solutions are available through my Brokerage for Self-Employed Individuals, Business Owners and Investors. 

If you are self-employed and you are considering buying your first home or taking some equity out of your current home, then this article is for you.

We will explain the underwriting policies that affect you, tell you what you need to you know before you make a decision and how you might be able to save $1,000’s while also getting your loan much sooner……read more



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