Very funny. My wife and I spent two years living and searching for a home in Santa Barbara. It’s as far south as I would live in CA. A nice town with neo colonial Spanish architecture. As a town it hangs together better than any community in soCal. Trouble is all the newbie riche think so too. We searched at the bottom of the crash, but inventory was very tight even then. Anything remotely nice sold quickly. Being a small community with huge RE price tags, it was pretty much a rigged game there. We left considering it poor value and little choice like much of CA. Inventory there has since become tighter and prices have skyrocketed. You’d need your head examined to live there unless you’re rich enough to buy in Hope Ranch or Montecito. +$1m for a crapshack as Dr HB would say.
