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Posted on May 2 at 9:46 p.m.
Well, SB is one of the few places where sellers can get away with holding out for years for a price that only greater fools would pay. Real estate professionals say that if your property has not sold within a month, it means your asking price is too high. It amazes me how often properties in SB sit on the market for years and years.
But not always. One seller I personally know apparently tried holding out. I made an offer last summer. He labeled me a "low-baller," feigned insult and indignation, and burnt his bridges with me. His property languished on the market for months after that, but his pride would not let him come back to me. He recently sold to someone else for 10% below my offer. Too bad.
Dismissing someone as "stuck in entitlement gear," is a waste of typing effort because it is ad hominem and has nothing to do with the merits of the argument. Besides, if you actually knew me, that would be the last thing you said about me. But, whatever.
You may be right about the existence of "under-market" landlords for the very reasons you cite. However, no one is ever going to find them because, as you say, their tenants are stable, and when they do leave, they bring a replacement tenant. The rental never comes on the general market. The landlord I cited earlier is in precisely this situation. Every year she get calls from the big property managers pushing her to raise her rents to "market" levels to support their efforts to promote a "market" level higher than it should be.
On A Public Market Divided
Posted on May 2 at 9:20 p.m.
"...parties are still fun, and drinking is still fun. It has a time and place. It's called college. " No, college is the place to study and prepare for your future life. It is utterly strange that society winks at the idea that college is a place for debauchery.
The is no comparison between the risks associated with getting drunk and the risks associated with driving your car to the movie theater (unless you encounter a drunk driver along the way).
I do not drink, but I have taken care of and cleaned up after plenty of people who do. No thanks. I have also been at gatherings where everyone but me is drinking. It is amazing how witty people think they are after a drink or two--Not. Most hilarious was the guy who (unbeknowst to me) tried to outdrink me never realizing that all my drinks were unleaded.
The idea that everyone needs to make their own mistakes is a false canard. It is perfectly possible to learn from and avoid other people's mistakes. Engaging in an activity that deliberately clouds one's judgement must certainly be classified as foolish. It is kinda like not wearing a seat belt. Lots of people get away with it for a long time---until they don't. Only kids argue that they do not need a seat belt because they haven't gotten hurt so far.
You are free to do what you want, but lengthy rationalizations are just that--rationalizations.
On Frat Brothers Walk Well-Heeled
Posted on May 2 at 8:52 p.m.
Maybe, but not enough to justify the quotes I see. It is strange that the quote I got for a modest remodeling of a one-bedroom was two and one-half times more than building a three bedroom (with actual insulation) from scratch (land already acquired) in another community, even though the components (but clearly not the cost of each component) for the respective projects are similar: plans, permits, materials, labor.
By the way, permitting costs for particular projects is public information. The permits for the 2 commercial-2 residential units finally approved after additional hearings because of neighbor concerns at 6i7 Bradbury came to about $20,000. That was probably an expensive example compared to the permit cost for a simple single family 3/2.
On Economy Up, Wages Down
Posted on May 2 at 8:36 p.m.
Who called her stupid for holding out for so far 15 greater fools. It is also quite possible that the "inclusionary" neighbors actually have a higher quality character than the non-inclusionary owners, Ad hominem only damages whatever merit your argument might have had.
You have not addressed the main point about pent-up demand and lack of affordability for even professionals making twice the median income.
It is also a good idea to look at an issue from angles besides self-interest, like the landlord who told me, "Even though I am making the most money now than I have ever made, I could not afford to buy my own property at so-called market value." That's what she said in 2006. In 2011, she thought it was probably just about fair value. She is a rare person who can charitably look at an issue in terms of the big picture. The Golden Rule is a great guide for life.
Posted on May 2 at 6:42 p.m.
"Cafarelli said she’s sold 20 to date. Fifteen of the units sold at market prices, and five closed escrow as middle-income homes. The condos have been on the market for more than three years,"
Given the pent-up demand for housing in the downtown area, Cafarelli could probably have sold out within a month or two if she had priced those condos within the reach of people making even up to only twice the median income. Maybe they are not actually at "market value" if they have been sitting around for more than three years. How come supply and demand only seems to work in one direction, as an argument used to justify higher prices, but not lower ones?
Posted on May 2 at 4:20 p.m.
Justifying or excusing rape for any reason is wrong. Well-brought up boys become men who do not rape not because prostitution is illegal. They do not rape because rape is wrong.
There is a strange idea encouraged in society that it is impossible to have fun unless alcohol is involved. I say if you think that alcohol is necessary to having fun, then you need a new, more wholesome definition of fun. Believe it or not, It is possible to have a happy, thoroughly enjoyable life without alcohol. There is no downside to abstaining from alcohol, tobacco and drugs.
However, I am not naive. I know that lots of people choose self-destruction, no matter their self-rationalizations.
I completely applaud these guys in this parade. Good on them.
Posted on May 2 at 1:52 p.m.
Contractors say that their quotes for work is higher than elsewhere because "everything, including labor, is more expensive in Santa Barbara, doncha know." So this finding is interesting" "For construction laborers, Lichtenstein found Santa Barbara workers — on average — were paid $5 an hour less than their counterparts statewide. "
Posted on May 1 at 9:33 p.m.
A lot of bike racks are not designed to work well with U-locks. If all you have is a U-lock, you might not be able to lock your bike to anything at all. Otherwise, great article.
On Be a Bike Lock Hawk
Posted on May 1 at 7:29 p.m.
Of course it is common knowledge that you need a thick skin to run for office and that candidates routinely have no problem taking the low road. Nevertheless, just because it is a fact does not in the least serve as a defense of the behavior.
On Judge Tosses Mitchum Defamation Suit Against Capps
Posted on April 25 at 12:26 p.m.
Shanghai is full of protected bikeways. they are great, except for one design flaw. They are wide enough for a car, and there are stupid drivers who try to take that "shortcut."
On Protected Bike Lanes, Coming Soon?