Santa Barbara County, Calif., Housing Prices Continue to Climb - 2004-01-12
In Santa Barbara County, homes on the South Coast hit a median price of $875,000 in 2003, and homes often sell for around $350,000 and higher in the North County.

Someone who bought a house for $860,000, with a 20 percent down payment using a 30-year fixed 5.5 percent mortgage would wind up with monthly payments of $4,813, including homeowners insurance and property taxes.
Read the full story at Miami Herald

What’s Your Type Of Business? - 2004-01-12
While location will always be vital when buying real estate, tax experts say don't neglect to carefully consider the type of business entity you select to own that property. That's right—for business real estate, you should pick a business entity that will help you save on taxes.

Another advantage is the ability to take some of the cash out of property that's appreciated in value. "It's possible to take out a mortgage on the property and distribute excess proceeds directly to the owners without paying a current tax," Golbert says.
Read the full story at Entrepreneur.com