Founding principal and president of Investec Real Estate Companies, Kenny Slaught has boldly led his investment, management, and development firm through several market cycles with great success. As a key figure in the Southern California residential, commercial and industrial property scenes for more than thirty years, he has weathered unexpected variance and bested trends. With his wide-ranging experience and understanding of the acquisitions that shape the state he has called home since childhood, Slaught shares his insights about the unique nuances of the California market; these distinctions include the ability to recognize purchase opportunities and pitfalls, and astute knowledge of the myriad extraneous influences that affect the Golden State.
Santa Barbara, also known as the American Riviera, is globally famous for its enviable Mediterranean climate, dramatic mountain backgrounds, and attractive shorelines. This stunning city isn’t known nearly as well, however, for its lively, active neighborhoods and bighearted citizens, as per the local real estate expert, Kenny Slaught. The Investec CEO believes robust heritage, a flourishing small business sector, and dedicated nonprofit organizations play critical roles in creating these exclusive communities. As early as 1925, Santa Barbara city planners, understanding the natural charm of Southern California, developed legislation to preserve Spanish Colonial architecture, and the city became the first populace in the United States to consider the importance of historical buildings. The County Courthouse, the most common downtown destination for visiting tourists, is adorned with brightly colored tiles and murals that display remarkable scenes from the city’s past. A church that has been operational for over 200 years, The Old Mission, also known as the “Queen of Missions,” offers an amazing view into the formation of the New World through guided tours and a spread-out museum.
Renowned architect George Washington Smith started the California movement known as Spanish Colonial revival nearly 100 years ago. Smith was a businessman who left Harvard to eventually work as a bond trader. Once Smith became wealthy, he relocated to Santa Barbara area anticipating a relaxing lifestyle pursuing painting interests. However, he was humbled to learn that the city loved the house he had designed, prompting him to continue creating architectural masterpieces for other Californians. He only used authentic materials from Spain and celebrated new and old world fashions. Today Smith’s works are enjoyed for their basic beauty and thorough design. He is known as a founding father to Santa Barbara, with ongoing architects noting his artistic prominence. Kenny Slaught recognizes via his blog the keen attention to detail necessary to design a structure of that artistic mastery.
Recognized as a world famous tourist destination, this coastal California town, north of Los Angeles, is full of beautiful buildings with a rich history. From Spanish inspired homes to intricately adorned archways and structures, the city was developed with the intention of an appealing design that would limit uncontrolled growth. As a passionate Santa Barbara real estate professional, Kenny Slaught, provides insight into how the architectural integrity was upheld throughout the years.
Known for his altruism and genuine interest in American history of arts and urban design, California-based entrepreneur Kenny Slaught acknowledges the impact of impeccable architectural trends and traditions on Santa-Barbara’s construction industry. As Slaught emphasizes the Spanish inspired buildings and intricately designed archways and structures stretched along this small coastal town of the Golden State on his blog at KennySlaught.com, he further elaborates on the history of constructional upsurge in Santa Barbara and provides insights into how architectural trends evolved as the government tried to smooth the uncontrolled housing growth over a century.
The Parenting After Loss program runs eight weeks in length and is a support group for parents and guardians, as well as their children, following the death of a parent or sibling. The community support and care received in this program is built specifically around the emotional and practical reactions to tragic loss within a family unit. Kenny Slaught points out that via participation in the program, families master the tools they need to communicate with each other and effectively grow stronger as a group after experiencing the loss.
When children experience the loss of a parent, they often feel lost and abandoned, knowing that their lives will never again be the same. Kenny Slaught noted, “The I Have a Friend mentor program allows these young people to share their feelings with someone who has experienced something very similar.” The child can lean on their companion for as long as he or she needs. The mentee can explore some of the most sensitive topics in an open and supportive environment with their mentor, who in turn gives support and practical guidance on the hurdles that lie ahead.
Recognizing the natural charm of Southern California, Santa Barbara city planners developed legislation to preserve Spanish Colonial architecture as early as 1925, making the city became the first populace in the United States to consider the importance of historical buildings. Kenny Slaught notes that the most popular of these buildings is the county courthouse, adorned with brilliantly colored tiles and murals depicting striking scenes from the city’s past. A church in operation for over 200 years, The Old Mission, also known as the “Queen of Missions,” gives visitors an amazing view into the formation of the New World through an expansive museum and guided tours.
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.
Recognized as a world famous tourist destination, this coastal California town, north of Los Angeles, is full of beautiful buildings with a rich history. From Spanish inspired homes to intricately adorned archways and structures, the city was developed with the intention of an appealing design that would limit uncontrolled growth. As a passionate Santa Barbara real estate professional, Kenny Slaught, provides insight into how the architectural integrity was upheld throughout the years. Maintaining the natural charm of this region was intentional and as early as 1925, city planners enacted development controls to prevent demotion of Spanish Colonial architecture. The community was the first in the United States to proactively think about the importance of historic buildings. Controls were put in place and guidelines were designed to preserve unique structures and park spaces. In 1960 Santa Barbara established legal protection for historic landmarks.