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Posted on September 23 at 10:31 a.m.
It's too late to save the funk zone from gentrification.
It's already become a mini Montecito.
He should use his brother's millions to building a big shared art workshop space on the first floor and galleries above.
Building hotels and condos may be profitable, but the time and costs in Santa Barbara, would be better allocated if this guy followed his heart instead of his wallet.
Think art. Think galleries. Forget big profit. You're already rich.
On City Scrutinizes Funk Zone Arts Village
Posted on September 22 at 11:34 a.m.
Compared in Tokyo, Santa Barbara is dirt cheap. And if you can't speak Japanese, must Japanese landlords will say "sayonara" faster than you can eat a Rainbow Roll at Arigato.
On The High Price of Renting in Paradise
Posted on September 22 at 11:10 a.m.
It's more than a matter of opinion, NoletaLady. We're basing our opinions on facts, experience, and credible economic theory. Name calling is uncalled for. While we obviously don't agree with your baseless opinions, we don't attack you personally or malign your character over and over ad nauseum as you do.
Posted on September 22 at 11:01 a.m.
I agree with Sam about rents finally starting to catch sales prices. At some point, it has to happen. It's basic economics.
During the last real estate bubble, Santa Barbara prices were on par with other very desirable locals like SF and NYC. Recently, prices (and rents) in SF and NYC have spiked, while Santa Barbara's have only increased modestly in comparison.
SB housing prices and rents will continue to increase until parity is reached with other highly in demand locals -- think Laguna Beach, Malibu, Beverly Hills, etc. There's no reason SB prices and rents would stay low while other comparable "resort towns" see massive price increases.
And it's not because of greedy landlords or rich foreign students (as much as the haters like to believe) that prices are going up. Macro-economic real estate trends combined with Santa Barbara's unique desirability (despite all the vagrants) is a recipe for rising housing prices and rents wheather we build "affordable housing" or not.
Posted on September 22 at 7:15 a.m.
Botony summed it up perfectly and it's worth repeating:
"The people that blame landlords when rents rise are likely the same ones that blame speculators or oil companies when gas prices rise. The concepts of supply and demand simply elude them."
Noletalady can call us trolls all she wants, but she can't refute the truth. If she could, she wouldn't have to resort to name calling.
Posted on September 21 at 6:29 p.m.
Of course Santa Barbara isn't truly paradise. If it were, Super-Rica would never have a line, it would rain more often, and vagrants wouldn't rule our historic downtown.
Posted on September 21 at 6:17 p.m.
The lead singer from Toad the Wett Sprocket started out working at Char West when it was located on Upper State. (The building is now gone)
Therefore, it is possible to succeed starting as a burger flipper.
Posted on September 21 at 5:59 p.m.
Water rates, utility charges, repair costs, taxes. . . everything associated with maintaining an apartment building have been going up for years; to compensate for these massive increases, of course rents have gone up.
Posted on September 20 at 8:52 p.m.
The profit margin on fruit is way higher than it is on rentals.
Why don't you people hate fruit salesmen too?
And what about those evil folks who sell pizza? They make 500% profit on each slice. They're the worst!
Posted on September 20 at 8:49 p.m.
You're probably a better person since your dad doesn't spoil you.