I can't speak to the rest, but property taxes do not go up every year in California. Limited to about 1% as per Prop 13. (IN 1975!)
A polite memo: people from Santa Barbara do not ever admit to “liking LA,” or ever admit to spending time in LA other than going to LAX. Be prepared to be under attack.
Haha you are clearly NOT a homeowner if you just posted that your costs have not increased in four years.
Property taxes go up 2% per year and property insurance costs in CA have gone up approximately 30% feet n last 3 years (insurance business magazine ) .
And if you think tour sewer, water and electricity costs haven’t increased you’re not paying attention.
The article seems to be a caltrans release dated 9/3... and it says full closure starting 9/16?
The closure of 192 changed. The engineers' original recommendation was to close that large of a section, but Caltrans quickly realized that wasn't a viable option. The closure is much smaller now. A short stretch of road from Orizaba to Parma Park will be closed for about five weeks starting September 16. Caltrans can confirm.
Happy to see the original building and business operation preserved. By this point it is a historic landmark. We won't mention the SP Roundhouse across the street that was thoughtlessly demolished. If it were still extant it would attract a constant throng of tourists. Talk about a toy train museum...
Greetings,
I was on the south side of Santa Rosa Island, at Johnsons Lee, on 9/5-9/7. A very dry hot wind blew in every evening dying out at about 2:00AM. The first day it started at 8:00 and then each day got earlier. On 9/7 the hot wind started at 2:00 PM. 9/6 was the hottest, with the temp over 95. Was this all Sundownders coming from Gaviota? Just trying to understand the weather. Thanks, Julius
You deduct total expenses from total income to get your profit. You pay taxes on your profit. Just like every other business. This isn't the gotcha you think it is.
Hi Paul, there are these things called capital improvements, like replacing your roof or resurfacing your driveway. They're not capped at cpi or a 2% increase each year. You'll understand in a decade when you need to reroof and it costs 10% (or more) of what you originally paid for the house.
OK, I read it. Who are these folks? I wonder if they own property themselves? Here's what can happen, instead of dealing with all the hassels from entitled renters , unexpected repairs and rising costs I can just cash out my investment and remove my single family home from the rental market or turn my multifamily into condos. End of problem for me but fewer units available for renters.
Right on Sam T! Totally agree with your comments regarding dressing up for dinner.
Had lunch at the Stonehouse last Fall. We were dressed for a birthday celebration and sat among people in workout wear. No desire to return.
Buy a house already!
All of you are forgetting that as a landlord you can deduct ALL your expenses from your profits/rental income. That can amount to a huge savings as compared to other investment income. I do believe there is tremendous greed going on in the rental market and truly, it makes me sick.
This is exactly what the Country Mart needs! It’s really important that hotel guests and “weekend housers” that are so important to our economy get the dining experience they are accustomed to in their more refined cities. Locals, by definition, have their own kitchens and should cook at home!
$36 for chicken enchiladas? nope
I agree 100%
Sam, exactly what I saw and experienced at Toma a couple weeks ago for my birthday dinner with my husband. Come on, people, read the room. If you see white tablecloths and waiters in white long sleeve shirts (busboys too), then tees, shorts, flip flops, phones, and toddlers are not appropriate.
Witches’ stairs! I’ve never seen those before and the kid in me loves them.
Plenty of other restaurants out there. They all alow flip flops, so you are covered.
Bueno Onda on Milpas. Empanadas from heaven!
Buena Onda!
My first ever comment here- totally disagree with Caruso write up. Besides my belief that SY Ranch is a considerably better food and service experience than Carusos in every regard, the faux everything about Miramar (including Carusos) is apparent at every turn. Wearing a sport coat to give appearance of “fine dining” is so spot on with all of Miramar- give everything an “appearance” but ignore the substance. We moved to SB to get away from having to give any appearances.
Plus- the hotel guests are 80% people coming up from LA for a weekend - so that’s another reason to avoid :)
About Alma Fonda Fina, I will quote Bugs Bunny: "Did you see those prices?" I don't know, maybe it's fair, given that Montecito is somewhat of a cartoon already --
Expecting a SY Kitchen-related place to appear soon in the Via Vie space
Your exact quote: "We have owned our home for 4 years and our monthly costs have not changed so why would that be any different for someone renting their property?" In other words you have changed your story. Most landlords are paying PITI plus utilities. Then there's maintenance. And the costs related to renter abuse/neglect. Did you mention taxes and the cost of doing business in California? Among other things, I don't owe you a shred of proof that my insurance premium just increased 40%. I won't defend the malfeasance of unethical landlords but you have conveniently lumped everything into one bucket without any understanding of what it costs to operate a business, especially in California--and somehow managed to make it about politics.
