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Friday, May 18, 2007 

We're #1! We're #1!

Sometime #1 isn't the best thing to be.....

For entry level housing affordability, Santa Barbara was the least affordable region in the state at 12 percent - Bizjournal

well...when 1,600 sq.ft of condo is going for $1,595,000..not too many working folks can afford it.

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so if you pay 20% down and finance the rest at 6%, your monthly payment is only $7,650/mo for 30 years. Then add in property taxes which I'm sure are very low there, and the homeowner association fee for the condo. I'll take it!

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