This annual symposium brings educators, artists, philanthropists, and local not-for-profits together with students and members of the community to discuss the state of arts education in Santa Barbara, explains Kenny Slaught. This vital initiative provides insight and direction for creating better, more focused programs in the future. Other education outreach includes an instrument drive for students in need, grants to local programs using resources at the Santa Barbara Bowl, and scholarships for college students studying the performing arts. In addition, the foundation finances the children’s program at Cottage Hospital and numerous in-school and after-school programs, particularly in neighborhoods surrounding the concert season at the Santa Barbara Bowl. The Notes for Notes program is there to connect students to free instruments and music lessons. A large committee of volunteers facilitate these education outreach projects.
California’s notable real estate expert and community-oriented investor, Kenny Slaught of Investec Real Estate Companies continues to show tremendous support and empathy to those who experienced hardship in life. In keeping with his life philosophy as a visionary philanthropist, he has advocated for the Hospice of Santa Barbara and one of its Parenting After Loss program as he continues to educate the broader public of the importance of social support, particularly for people who have experienced the loss of their beloved ones, Slaught has recently promoted these programs on his blog at KennySlaught.com.
As the housing market reaches white-hot levels, many California buyers are finding that they must pay excessively high prices for older, less fashionable home options. Kenny Slaught points out that costs have been steadily rising since 2008, with the common reference Standard & Poor’s Case-Shiller home price index revealing that Los Angeles home prices hit their highest point during April of this year, the peak since October of 2007. Having grown beyond mere recession recovery, Southern California’s larger metropolitan areas are approaching their former peaks. Slaught says the turnaround is because of a number of factors, such as interest rates, job growth and supply and demand. A 30-year, fixed-rate mortgage is hovering around 3.5% or less, nearing 3.31 percent (the record low hit in November 2012) and pushing many toward buying. These enticingly low rates, coupled with strong employment numbers, such as a 2.4% gain in Los Angeles County and a 3.5% rise in Orange County, make it clear just why values have appreciated in an incredibly fast-paced manner. Despite home prices varying considerably statewide, the inflated asking price of higher-end residences outpaces all states other than Hawaii. The steady demand for housing cannot currently be met by the thin supply available, forcing many first-timers to opt for condominium-style units which are both obtainable and selling within a more modest price range.