September 21, 2023
Tag: Pacaso

Coral Casino Members Hit With a Huge Hike in Dues
Plus: Construction on the State Street undercrossing will start next month; Mad Fitness is going on hiatus; deals at downtown shops this week; Her the Label knitwear showroom; Pacaso price jump on East Valley Road; how to rent the Arlington Theatre marquee. 4
September 18, 2022
June 2, 2022

City Council to Consider a Moratorium on New Hotels
Other recent news: Santa Barbara High School students caught mid-prank; candidates for county school superintendent debate; possible explanation for why pelicans are getting sick; local Pacaso owner tells his side of the story; a year of closures for the southbound Seacliff off-ramp; Santa Barbara mulls a commercial vacancy tax. 5
May 29, 2022
May 28, 2022
May 4, 2022

The Big Yellow House Has a New Tenant
Plus: The Beads shop is closing after 38 years; the Santa Barbara Antique Show is coming up; Pacaso's Riviera house sold out; another Jeff Bezos rumor; UCLA Health to open a 21,900-square-foot office downtown; Rüfüs Du Sol and the mariachi festival at the Bowl. 1
April 27, 2022
April 25, 2022

Makeover Proposed for the Former Nordstrom Building
Plus: Hotel coming to the vacant lot next to Santa Cruz Market; hotel rates are now 50 percent higher than three years ago; Pacaso opposition on the Riviera; the old Victor the Florist storefront is for lease; Kismet's annex is open in Montecito's Upper Village; discounted membership for the forthcoming CycleBar. 5
April 13, 2022

Can Anything Be Done About Pacaso Owners Who Like to Party?
"We found out the hard way that a house near us is part of the vacation-ownership site Pacaso. We're wondering if this business model is legal in our area, because our new one-eighth-share neighbors are partying it up when they're in town." —M. 15
November 24, 2021
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