How Soaring Real Estate Prices Are Causing More People To Co-Own Houses

Owning a home is a tricky business, especially one in the suburbs of Vancouver, like Port Moody real estate. It requires time and effort in searching for the right house, and then lots of money to make sure that you get one that is going to be a good investment down the line, instead of a money pit that is going to cause your more heartache than gain in the short and long term. For those looking in the Vancouver area, you know that the price of real estate as been moving up steadily, making owning a home a far away “someday” dream for many people hunting on every street for a “for sale” sign that falls within their price category. Since this is now a lot further away than they previously though, people are being forced to look into the idea of co-owning homes with families or friends, something that has definitely been done before, but not as often as you would think.

Co-owning a home is when you sign a lease or mortgage plan along with family or friends so that both of you are paying for the home, making it a more affordable for both parties. The catch is that cosigning on a home means that both parties can live in the home. While this is great for everyone involved in the sense that it means a roof over their head at a survivable price, it also means that there can often be strain on the relationship because of the fact that people are living in close quarters and have a hard time getting the time alone that they need.

Some split the time in the house by allowing Party A to live there full time for a while, and then switch so that Party B lives there for a while, too. This is a tricky situation, however, because one Part is looking for a place to stay when they are not allowed in the home. Often times, there are walls put up in the home or modifications done to ensure that everyone has their own space and time to themselves. If you are co-owning a home that is in the cheaper end of the market, making room for everyone can be hard and trying at times.

Typically, co-owning a home is done as a last resort, due to all of the potential problems that it causes, but as the market continues to climb and jump at an alarming rate, many families that need to live in the area are having no choice but to do so. The rest of the country is enjoying low rates for homes, meaning that more people are able to realize their life-long dream of owning a home. The only places in the country with high rates are Vancouver and Toronto.

As the world watches to see when the real estates prices in busy Vancouver finally start to fall, many who are stuck into looking for a place to live in the city are turning to rentals or apartments or condos, a thing that, while better than nothing, tends to be a money hole for those looking to stay in the city for several years. Owning a home is the best way to use your money when it comes to property, but rentals are the only option for those who are house hunting on a budget, unless co-owning is an option for everyone searching.

While neat, co-owning has it’s only array of problems that have been previously mentioned, but it also is something that isn’t totally orthodox. While it’s been done for years, it’s not something that is well known or recommended due to all of the potential problems that could come up when investing on something as big and life-long as a home together. That being said, it is looking like the only option for many families, which provides a good – but tricky – option for those who are hunting for a house.

Written by Eddie Yan.

Reasons Why iBeacon Projects Fail

Nearly three years ago after Apple announced the iBeacon protocol, only few iBeacon projects have been successful in spite of thousands of trials. Since Apple announced what iBeacon technology can and will enable, there has been a massive amount of excitement and hype around the same. So, you must be asking yourself why there have been many failures than success. Well, here are some of the top most common reasons for iBeacon projects failure.

  • Over-reliance of a single technology

Yes, it is true that iBeacons and other Bluetooth Low Energy have the ability to facilitate very powerful experiences. However, chances are that the technology might fail to ignite if you use it in isolation. Research shows that many iBeacon projects fail because people tend to turn off Bluetooth and disable location services or sometimes use old smartphone software that cannot support iBeacon interactions.  In fact, more than 30 percent of users normally disable their Bluetooth services.

To increase chances of your iBeacon projects, be sure to integrate the technology with other micro-location technologies to increase interaction reliability, which leads to provision of a more consistent experience.

  • Customers don’t get real benefits

iBeacons are an incredible enabling location technology. However, your customers might stop interacting with it if it doesn’t demonstrate a real benefit to them. Many users tend to disable location services and sometimes push notifications for an app when they can’t clearly see the reasons for such access at the very first time they install the app.

So, the best thing to do is to stop your beacon project and go back to the use case to find out whether it’s based on a new and interesting technology. Together with your team, try to define what the genuine benefit the project has on your business and customers. If the project doesn’t offer compelling customer experiences such as time saving or personalized and relevant information, the project might be headed for failure.

  • Failure to integrate the project to what already exist

While many iBeacon pilots are built on simple content management platforms that are well suited for both learning and trial, most of them do not scale in an enterprise setting. To make iBeacon Projects work in an enterprise, you must integrate with the systems and processes that already exist such as point of sale, inventory as well as loyalty, campaign and analytics. In fact, some level of integration is an essential requirement. Systems that actually dominate this space come from IBM, Salesforce, Teradata and SAP.