Wednesday, January 15, 2020
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Rent or Buy?

So, you want to live in the Santa Ynez Valley, but the prices are too high.  If you were to buy a home for $600,000, your monthly mortgage would be roughly $3,000 a month.  The price of a rental for the same property is $2,800 to $3,000 a month.  With less than 1% rental availability, there is a problem with finding a rental.

 

Highland is a street, lined with established trees where everyone must be investing a fortune in their landscaping.  Those homes are selling for a little over a million dollars. The High School is a few blocks away, walking distance even on a cold foggy morning.  The streets await happy voices playing ball outside, since the traffic is minimal and mostly residents.

 

You can probably get a rental in the highland Estates for $3,500 a month where the mortgage on a million-dollar home would be $4,500.

 

El Rancho Market is about a quarter of a mile away, just on the front side of the High School.  After shopping at El Rancho who would want to shop anywhere else.  Their meats are like from a custom butcher; well they are a custom butcher where you can get your meat within 24 hours fresh.

 

They respond the local community by being one of the three super markets in town with 25 pound bags of horse carrots.  The locals who shop there don’t even ask anymore why I have two bags or 50 pounds of carrots in my cart.  They already know it is not for juicing but rather for my five horses that are always searching my pockets for treats.

 

The wine selection is one of the best in the Valley complete with an in store sommelier.  Let me not forget the prepared food, the fresh squeezed orange juice and the coffee and smoothie bar outside.

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