Many West Coast buyers are finding that with a white-hot housing market, they are forced to pay excessively high prices for older, less fashionable homes. Kenny Slaught notes that prices having been increasing steadily since 2008, and common reference, the Standard & Poor’s Case-Shiller home price index, reveals that home prices in Los Angeles rose to their highest point during April of this year since October of 2007. Southern California’s larger metropolitan areas are no longer just reflecting recovery from the recession: they are closing in on their former peaks. Slaught notes that the turnaround can be attributed to many factors, including interest rates, job growth and supply and demand. 30-year, fixed-rate mortgages are currently hover around 3.5% or less, nearing 3.31 percent (the record low hit in November 2012) and pushing many toward buying. These historically low interest rates, coupled with strong employment numbers, such as a 2.4% gain in Los Angeles County and a 3.5% rise in Orange County, point to just why values have appreciated in an extraordinarily fast-paced manner. Home prices vary considerably statewide, but the inflated asking price of higher-end homes throughout California outpaces all other states with the exception of Hawaii. The feverish housing market cannot currently be satisfied by the slim supply available, with many first-timers forced to opt for condominium-style units that are readily available within a more modest price range.
Santa Barbara, in addition to being a popular tourist destination, has become a hub for young and developing businesses, notes Kenny Slaught, with dozens of promising, new companies founded in recent years. Many, including AppScale, LastLine, TrackR, and Salty Girl Seafood, have come directly out of the University of California Santa Barbara (UCSB). Over $200 million has been raised from private investors for area startups in the last year, giving the Central Coast nearly twice the investment in innovation per capita than the greater Los Angeles area, a much larger market. While some may give in to the temptation of moving to Silicon Valley or Hollywood, local entrepreneurs recognize the importance of building a business in an environment which promotes growth. This results in the region being one of the best places in the country to launch and cultivate startups, with remarkable biotech, medical, technology, and scientific businesses like Inogen, Raytheon, Sonos, and BioIQ getting their start here.
Kenny Slaught, real estate professional, discusses the characteristics of Santa Barbara’s architecture and how the city has maintained its integrity over the years. He points out the legal protections set in place to preserve the features of the historical landmarks, and he provides the background on George Washington Smith, the man who revived the Spanish Colonial style throughout California.
Santa Barbara real estate professional, Kenny Slaught, provides insight into the natural charm of the city’s architecture and how it has been maintained throughout the years.
He highlights the distinct characteristics of the architectural style, as well as discusses the history of Santa Barbara’s founding father, George Washington Smith.
The service and hospitality industry is an exciting field which offers great opportunities at competitive salaries, and provides graduates the chance to hone their passion and pursue their goals of becoming a great chef, manager, or hotel admin. The Culinary Arts and Hotel Management program offered at SBCC is diverse, touching on many different aspects of the service industry, of all different sizes. Accruing skills like these can help people find careers not only locally, but gain the skills necessary to relocate practically anywhere else in the world. Kenny Slaught points out that the program, “can prepare students to start their own businesses and fulfill their dream of becoming a business owner and working for themselves.”
Santa Barbara entrepreneur and property investor Kenny Slaught has recently reviewed on his blog at KennySlaught.com several great career opportunities and training programs offered by Santa Barbara City College. These are especially designed for those not pursuing college credits but instead interested in learning something new. The community of Santa Barbara is a space known for providing its citizens with many prospects in career advancement as well as professional training in skills that are relevant in the real world. Slaught, Having mentioned before the many ways the community comes together and pushes forward programs that benefit all of those who call Santa Barbara, home, discussed the many options available to those interested, including Computer Network Engineering, Culinary Arts and Hotel Management, Environmental Horticulture, Graphic Design, among others.
With only a few years in the market, crowdfunding portals have already rapidly grown over 150 startups throughout the nation, specializing in real estate. Nearly 7% of the U.S population qualifies as an accredited investor. In highly urban areas like Southern California, this number reaches 20%. Software applications such as CrowdEngine, RealtyShares, CrowdForce, amongst others, have made it possible to raise money from the general public legally, with some borrowers attracting 90% of equity requirement through direct contributions from the community. Data analytics applications like Rentlytics, on the other hand, provide owners greater transparency into their portfolio’s performance and make management a breeze. With a diverse background in developing state-of-the-art properties for the past 35 years, Kenny Slaught is convinced that California remains one of the most active states in the real estate market right now. Using cutting-edge software applications to raise capital, borrowers and sponsors have generated more than $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and the Bay Area.
As technological development revolutionizes America’s real estate industry, the property management sector has become more efficient and profitable. New platforms offer numerous online collaborations and –more importantly –workflow automation are gaining popularity, largely due to their ability to provide prompt access to accurate and consolidated data and information flow. President and founder of Santa Barbara-based Investec Real Estate Companies Kenny Slaught offers insight into how California developers can best apply innovative models and cyber operations in their business strategies.
Kenny Slaught, long time real estate investor, discusses how some of the most famous Santa Barbara architecture features include: the centuries old Hotel Virginia, El Pueblo Viejo district and the two pink towers of the Old Mission. The brightly colored tiles of the County Courthouse showcases brilliant displays of murals and other striking features. The ornate clock tower with an observation deck is nearby, providing a panoramic view of the entire city. The Lobero theatre not only houses the region’s premier performing arts events, but also dates back to 1873 and was rebuilt in the 1920’s by George Washington Smith. These are just a few examples of the rich history found in Santa Barbara.
Santa Barbara a scenic, coastal town, is widely recognized as a world famous tourist destination. It is located just north of Los Angeles and it is full of beautiful buildings with a rich architectural history. From Spanish inspired homes to intricately adorned archways and structures, the city was created with the intention of an appealing design that would restrict uncontrolled growth. As a passionate Santa Barbara real estate developer, Kenny Slaught, provides insight into how the architectural integrity was maintained throughout the years. He explains that maintaining the natural charm of this region was intentional and as early as 1925, city planners enacted development controls to prevent waning of Spanish Colonial architecture. Controls were put in place and guidelines were designed to preserve unique structures and community areas. In 1960, Santa Barbara even established laws to protect historic landmarks found around the city.