Santa Barbara’s main attractions include hundreds of years old Hotel Virginia, El Pueblo Viejo district and the Old Mission’s pink towers that host events. The County Courthouse features colorful murals, and the close by clock tower and observation deck offer a scenic view over the area. The 1873 founded Lobero theatre was built in 1873, redesigned by  George Washington Smith in the 1920s and still holds performances. These amazing structures could only be built thanks to the city founder’s meticulous planning, Kenny Slaught explains.

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Due to the lack of land in favorable locations, California ended up in the current situation. In Los Angeles and San Francisco, prices for undeveloped land are too high, and delays often happen according to Kenny Slaught. This encouraged for renovations instead, as Proposition 13 made it hard to move to another area. Although home taxes are forbidden to grow past 2% according to 1975 assessments, there is a exception when a sale is executed and a home is reassessed according to its current value. In the end, annual totals are framed by unstable variance. This happens due to the demand changing based on season, as the majority relocate in June and at the end of the year. Other influencing factors are interest rates, negative equity status, the state of homebuyer jobs, how confident the consumers are but also significant investments outside US.

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Kenny Slaught, CEO of Investec Real Estate Companies, managed his real estate company through numerous market cycles over the years. With an experience of 3 decades in the California development industry, he encountered unpredictable variance and bested trends. Slaught talked about the external factors that impact the Golden’s State industry, and the right moments to make a purchase.

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Those who have good ideas on how to fight off  global health and development issues are offered  Grand Challenges Explorations (GCE) grants. The $100 million project was created by the Bill & Melinda Gates Foundation in 2008. About 1,186 projects in 1 countries received grants, and $100,000 grants are given twice a year. The application is easy and only has 2 pages. Every organization can apply for a grant, and follow up grants worth up to $1 million are also available, Kenny Slaught explains.

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