Almost 100 years ago, architect George Washington Smith started the Spanish Colonial revival style. He quit Harvard to become a businessman and relocated to Santa Barbara after achieving success. Although he planned to work on his hobbies, he decided to keep designing for the community after realizing locals loved his work. His works are admired for their beauty and simplicity, as he brought materials from Spain and mixed the old with the new in his designs. Numerous new architects found him an inspiration, and he became a Santa Barbara founding father. Kenny Slaught admires the attention oriented eye needed to create such beautiful buildings.
Home buyers on the West Coast are forced to purchase older homes because of inflation. The values have been slowly growing since 2008, and reached a peak in April this year. According to Kenny Slaught, this happened due to interest rates and job growth. Los Angeles County noticed a 3.5% job increase, while Orange County had a 2.4% growth. Fixed mortgages have a rate of 3.5%, which is close to the 3.31 low encountered in November 2012. While the property prices in the state are not stable, California still has the highest values in the entire country except for Hawaii. This resulted in many new home owners choosing the less expensive condominiums.
Founder of Investec Real Estate Companies, Kenny Slaught, managed his real estate company through a variety of market cycles. In his over 3 decades of experience, he was met with unpredictable variance and bested trends. Slaught shares his insights regarding the right time to make an acquisition, as well as when to avoid it. He also mentions the many external factors that influence California’s development market.
The Grand Challenges Explorations (GCE) is an initiative started by the Bill & Melinda Gates Foundation in 2008. The campaign, worth $100 million, sponsors those with innovative ideas regarding global health and development problems. The grant is easy to apply for and only requires a 2 page form. Over 1,1186 in 61 countries were awarded a grant, according to Kenny Slaught. A grant of up to $1 million is also available to applicants.