The Smart Money?
I have recently written about the trend, we at Owens Brother’s Moving Co., have witnessed, and that is to move from the California side to the Nevada side of Lake Tahoe. The question is where is the smart money headed? Having a Moving Company in Lake Tahoe we have our finger on a unique pulse: what’s happening in the home market before the data is in.
Although, the greater movement in the Tahoe Basin is away from Truckee, Tahoe City, and South Lake Tahoe to Incline Village and the Stateline area on the Nevada side of Lake Tahoe, we have noticed a few smart individual’s capitalizing on this trend. As Nevada homes in Lake Tahoe are commanding a premium, the California homes in Lake Tahoe are continuing to struggle, in comparison, to regain their value. A few of our savvy clients have cashed out on this trend, banking a pretty penny on their Incline Village homes and trading up for a home on the North or West shores of Lake Tahoe, on the California side. It will take more years than are this lifetime for the California income tax to make up for the price differential and the amount they are able to save by swimming against the current – pretty smart!