It would be interesting to see the breakdown between CA side and NV side of the border.
As long as they stay in California, great.
If this work from home trend becomes a more permanent part of the business world, we will see major changes in where people live.
This will also fundamentally transform commercial real estate. Why would companies rent all that office space in gleaming downtown skyscrapers, if their employees can work off site?
And for the employees, as we see in this story, if they don’t have to physically go to an office in NY or LA or SF, then how many will choose to continue to live in such big cities to be close to work?
The CA real estate market is crazy weird.
Centered between the Bay and the Sierras is Stanislaus county. And it’s in the top 10 real estate markets in the country.
It’s an agricultural county. There’s nothing here but ag business and farms.
Weird I tell ya.
I moved from the Bay area to Magalia, CA. Bought a really nice house for 290K. Everyone here owns a gun and about half fly a US flag 24/7. At present I work from home and will probably retire in the next year.
As long as they move to the California side, thats fine. Its already pretty woke. Im guessing theyre moving to Incline Village on the NV side, where Hollywood celebs and Silicon Vally types maintain tax shelters, errr residences.
Stay away from Carson Valley. Thats where well likely retire to.
Housing price everywhere seems to be skyrocketing in the past month. Denver saw a 7+% increase in the past month but only a 2% increase in the previous year.
Thanks a lot, coronavirus.
Hey, it worked for the Corleone Family.
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And in a short time they will vote in corrupt Democrats who will turn Lake Tahoe into San Francisco in the mountains. Where will they move to then?
Funny...no mention of BLM or antifa or violent riots. I guess that is all a myth.
A decade ago, a friend bought a summer home in the mountains near Truckee. They were giving them away at the time; prices were low, inventory high, houses took forever to sell, and sellers would take any offer. He got one hell of a deal. He’s probably more than doubled and maybe even tripled his investment. It always takes guts to buy at the bottom of a financial cataclysm.
Problem is, Placer and Nevada Counties which comprise the California side of Lake Tahoe, are among the few remaining conservative areas in the state. The progressive cancer of Leftism/Progressivism/Democrats is metastacizing quickly into healthy tissue.
Just wait until the young techies who fled Silicon Valley have to deal with the winters, the snowbound roads, clearing their driveways, etc.
-PJ