July 2, 2020
Other recent news: Massive spike in new Covid-19 cases; the city of Santa Barbara will close many beach parking lots and forbid barbecues and hammocks; rumors that the Four Seasons Biltmore is getting sold or renovated; Bob Hazard on the water deal.
May 24, 2020
Plus: Have you walked down State Street now that it's closed to cars?; a stripped-down Jeff Shelton rental; a pair of Montecito notables have gone MIA; two more sales of note.
November 23, 2019
Other recent news: Hotel developer given more time to revise his plan; what a hike in water rates might mean for Montecito residents; injured paraglider rescued by helicopter; wind farm below Lompoc approved.
August 21, 2019
And in other recent local news: A reprieve for Institution Ale's neon sign; initiative to protect whales from ships; West Beach hotel gets nixed; an urge to merge Montecito's special districts; Styrofoam recycling; Montecito road repairs; library plaza renovation update.
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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