Moving Forward by Bowing Backward
SURREAL ESTATE MOMENT: Turns out that Santa Barbara’s standing in the USA Today poll of “overvalued” real estate markets in America has a good- news/bad-news component. Yes, our real estate market is now officially 73 percent overvalued, but that pales in comparison to the 104 percent in Naples, Florida. Meanwhile, “growth” is the buzz word/dirty word in town: We have the pro-growth faction, the no-growth bunch, and now a group of quasi-anarchists, the anti-growth folks, who are advocating knockin’ stuff down and restoring our precious vacant lots. Stay tuned for more (anti-) developments. Meanwhile, back to the music :