Santa Barbara CA. Real Estate Among Pricey Cities That Pay Off
10 Pricey Cities that Pay Off by Matthew Bandyk of US News and World Report (short excerpt) "When you pay a lot of money forsomething, you hope to get a lot of value in return. Despite the housing downturn and the number of cheap houses it has left in its wake, there is still plenty of expensive land left. According to the Global Property Guide, an online real estate investor's guide, New York might have slipped from the second-most-expensive city in the world in 2008 to the sixth most expensive in 2009, but an average 120-square-meter (1,300-square-foot) apartment in the central business district will still cost you a hefty $14,898 per square meter. So why are people willing to pay a fortune to live in certain places? And what are they getting in return for their money? According to a recent working paper from University of Michigan economist David Albouy, there's a great deal of value to be found in those high prices. " Read Full Article
Santa Barbara CA. is proudly on this list. Only once you live here or have visited often will you understand the quality of life that exists in our town. Santa Barbara's active, community-minded residents have shaped this metropolitanarea into a well-rounded, multifaceted gem of a place for the discriminating person to live and work, many who are convinced they live in paradise. Known as “The American Riviera,” the mix of so many cultures and people with world travel under their belts makes for an exciting mix of life. Opportunities abound in Santa Barbara to enjoy a life tailored to families as well as the individual’s needs.
For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Berkshire Hathaway.
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