Cheap way to go in Tahoe. In Florida most retirees end up in mobile home parks. And in beach communities in SoCal. When you are dead who cares about appreciation?
For $200k a nice new modular bungalow. Would be worth $800k if you owned the lot. The park rental is less than many HOA fees these days. Plus it has a pool and a club house. Our BA Russian friends bought it. Beats the hell out of the old condos up here. For a third of the price. Got to listen to the video. Scott is old school from a different era. Forget about tiny homes, trailer living is back. This place would rent for $2400/m.
This one is pretty affordable. Not sure if it will sell for around list price or not. Zillow rent estimate is $2700. So it will be cash flow positive from the get-go.
What a lot of garbage. A Slate hit piece.
I have been coming to Tahoe for over 50 years. I am now a local. Sure there are local snobs that don’t like newcomers. But generally most people here came from somewhere else. This has always been a tourist town. But generally the tourists are well behaved.
As far as the quality of people living here, I have noticed a marked improvement in the quality of the tenants I have had over the last 8 years. The now have better jobs, better pay and better credit. I have only one tenant be a bit delinquent on rent due to covid19.
In seven years I have had to evict 5 tenants out maybe 100 that have come and gone.
I welcome the tech invasion. But it has been coming for years. One of my best tenants made $450k per year. Came here 6 years ago. Boston tech company with a SF office. Lived here until 2 years ago. Had go to back to Boston to be the CEO.
The huge change now is the ban on vacation rentals in the City of South Lake Tahoe. A stupid idea that has backfired. It has driven the prices in the county areas and Nevada out of sight. Meanwhile other houses are still very expensive due to the WFH movement. Pretty hard for a town of 25k people to influence the buying habits of the 15 million within a 6 hour drive.
Meanwhile rents have jumped 50% in a year.
The value of my rentals has skyrocketed and there is no ability to build enough new housing due to TRPA building restrictions
Love Eldorado Hills. Some houses are long way to the freeway but the views are worth it. My area Cameron park on Deer valley road is half the price with more land. Not suburban more rural
My wine club buddy now retired commuted to Palo Alto airport for 30 years. 30 minutes from Cameron Park. Shorter than his 45 min commute previously from Fremont.
