Rich elites keep #LakeTahoe housing unaffordable

A Lake Tahoe housing shortage is leaving more residents in dire straits, some of them doubling up with roommates, and others couch surfing or staying in dilapidated, low-rent motels. Still others have given up on basin living, and instead commute daily from distant communities.

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. Some local leaders now say Tahoe needs to find ways to pull those homes back into the mix.

Source: Lake Tahoe and Truckee suffer housing shortage, high housing costs | The Sacramento Bee

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