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Posted on September 30 at 6:54 a.m.
There is little to be done. Supply and demand will always set market rental rates. Unless demand suddenly decreased for any reason, the only other option to lower rents would be to increase supply. There is also little will do do that here.
There is no real solution to high rents in Santa Barbara just as there is no solution to high rents in any other wealthy beach community. I would challenge anyone to find a highly desirable wealthy community with high Real Estate prices yet has low rents. I say you will never find that. There may be adjacent communities with low rents, but we already have those.
On Rent Control Is Not the Answer
Posted on September 28 at 10:16 a.m.
Maybe the actual GDP is distorted by not counting certain illegal and undercounter transactions. However, if you start applying estimates to add to the current GDP, in order to obtain historical accuracy, you would need to apply this to all past GDP statistics.
You don't want GDP rate to be corrupted the same way inflation rate has been corrupted over the years by politicians seeking to pad the numbers during their administrations by by doing no more than changing the way the rate is calculated.
So Harley may be right that the GDP rate as calculated is incomplete. However, changes in the official rate shouldn't be made just to make politicians look good.
On Limitations of GDP: Economic Activity That Isn't Counted
Posted on September 26 at 1:30 p.m.
Storke and Hollister is going to beat the others by a long shot when that new development is built. The line to get on the south-bound 101 is already to die for.
On Which intersection has become intolerable?
Posted on September 26 at 8:36 a.m.
Here is an interesting piece on how rent control is working in the people's republic of Santa Monica.
2/3 of the units are now market rate. The dwindling supply that remains belongs to tenants that have been there 15 years or more.
If someone thinks that rent control will bring rents down, forget it. The people that benefit are the few that stay in one place forever and never leave. Anyone coming into the community will likely face even higher rents than they would otherwise because a higher portion of the local supply is hoarded by those very long-term tenants that will never leave because of their very low rents.
All rent control does is make a new protected class (long term tenants) at the expense of everyone else.
Posted on September 26 at 7:47 a.m.
Irrational hatred surpasses logic.
On Polluted Politics
Posted on September 26 at 6:18 a.m.
Water conservation isn't a joke. It's an excuse to raise water rates on EVERYONE!
On Density on Upper State Will Increase
Posted on September 24 at 8:49 a.m.
Last I checked, even wealthy investors pay through the nose in property tax to support the community. And there are many other communities throughout California that can't accommodate the people that work there. San Francisco, Palo Alto, Monterey to name a few. That's just the way it is in wealthy communities. Deal with it or get out of Dodge.
On Not Squeezed, Strangled
Posted on September 24 at 7:56 a.m.
A real shame for everyone involved.
On Truck-Bicycle Death Charges Filed
Posted on September 24 at 6:14 a.m.
If you want to ban drilling in the county period, vote yes on measure P. That's essentially what measure P does anyway.
On GHGs and Measure P
Posted on September 24 at 6:12 a.m.
It's all about the money. Until people pay through the nose to watch pillow-fights, you'll have people beating each other into submission.
On Call It Flag Football