February 8, 2020
Plus: The Ashley Road bridge in Montecito reopens this week; sneak preview of acclaimed film "Portrait of a Lady on Fire"; Lotusland's winter break is over (and it has murals for sale); "master flipper" does well in Cielito.
October 20, 2019
Also newly reduced: The stylish Cielito house of a "master flipper"; a Hope Ranch estate with dated interiors; and a San Roque spec house with the world's largest dreamcatcher. Plus: This weekend's schedule of open houses.
August 27, 2019
After buying this 1950s Cielito house in early 2018 for $3.5 million, Xorin Balbes embarked on a thorough renovation and redecoration—but without changing the footprint. Now he has listed it for just under $9 million. The house is certainly something to see....
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The bigger factor is that if an owner accepted lower (aka "market") rent, it would reduce the overall value of the property on paper. Which,… — Sean
Rich - No. They get the depreciation regardless of whether it's leased or vacant. — Jefferson A.
Depreciation. — Rich
Apzer, can you please direct me to the IRS rule where i can deduct rental losses? i have never heard of such a thing, and… — Derek
The "pedestrian mall" along state street is more like an e-bike tournament venue — Bettye Jones
Apzer, that is totally false on landlords receiving a financial benefit for vacant properties. Please don't spread misinformation. — Jefferson A.
I don't think they're all greedy but there's a financial benefit to claim a loss on a vacant property while holding out for someone to… — apzer
“More vibrant than ever”? We can debate the causes but it is a far cry from the most vibrant it’s ever been… — BW
“Editor's note: This story has been updated to clarify the action taken by the City Council and its next steps” The VC Star Article was… — Tristen
From the article, it seems like it's not a done deal, but yes, it would be a terrible loss for Ventura. A good reminder for… — Sean
Recent Comments
The bigger factor is that if an owner accepted lower (aka "market") rent, it would reduce the overall value of the property on paper. Which,… — Sean
Rich - No. They get the depreciation regardless of whether it's leased or vacant. — Jefferson A.
Depreciation. — Rich
Apzer, can you please direct me to the IRS rule where i can deduct rental losses? i have never heard of such a thing, and… — Derek
The "pedestrian mall" along state street is more like an e-bike tournament venue — Bettye Jones
Apzer, that is totally false on landlords receiving a financial benefit for vacant properties. Please don't spread misinformation. — Jefferson A.
I don't think they're all greedy but there's a financial benefit to claim a loss on a vacant property while holding out for someone to… — apzer
“More vibrant than ever”? We can debate the causes but it is a far cry from the most vibrant it’s ever been… — BW
“Editor's note: This story has been updated to clarify the action taken by the City Council and its next steps” The VC Star Article was… — Tristen
From the article, it seems like it's not a done deal, but yes, it would be a terrible loss for Ventura. A good reminder for… — Sean