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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.
On The High Price of Renting in Paradise
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.
Posted on September 20 at 8:41 p.m.
Back when American Indians were around, you could trade beads for beach front real estate. It should still be that way. I have some beads. I deserve a beach front mansion.
Posted on September 20 at 8:15 p.m.
If you have a bad landlord, move.
If you kind can't find nice, affordable housing in Santa Barbara, move.
There are literally thousands of other cities in California alone -- hundreds of thousands of landlords to choose from.
Stop the complaining, people. It's your fault alone, nobody else's, if you're not happy.
Posted on September 20 at 6:41 p.m.
There's plenty of affordable housing in Santa Barbara if you have either a either a good, high paying job, or a nice fat bank account.
SB is a small, exclusive beach town. What the hell do you people expect?