Monday, August 21, 2017

"A Lake Tahoe housing shortage is leaving more residents in dire straits"

SB:

Ironically, though, Tahoe has plenty of houses. They just sit vacant most of the year.

More than half of Tahoe homes are vacation residences owned by people who live elsewhere and who come to the alpine resort only for short visits on winter weekends and summer holidays.

...

Placer County leaders recently began exploring the possibility of offering absentee owners cash incentives or reduced fees to rent their residences on a long-term basis to local workers. The idea needs fleshing out, said Placer County official Jennifer Merchant, and will run up against the popular Airbnb trend of second-home owners renting housing to tourists for weekend or weeklong stays.