Affordable housing for locals is problem in many ski towns across the country and its especially bad in Tahoe. The Tahoe basin has 50,000-plus residents, many of whom’s incomes are not keeping pace with rising housing costs. According The Sacramento Bee, Tahoe Regional Planning Agency officials say the median household income for the basin’s workforce is in the mid-$20,000 annual range. With more than half the homes in Tahoe operating as vacation residences owned by people who live elsewhere, Placer County leaders think they need to find ways to pull those homes back into the mix.
Different strategies have been proposed including offering absentee owners cash incentives or reduced fees to rent their residences on a long-term basis to local workers. Nothing is official but local leaders recognize any plans to put local workers in those second homes will be in direct competition with the popular Airbnb trend of second home owners renting housing to tourists for weekend or week-long stays.
If you were in local government how would you handle this situation? Incentive longterm leasing, build more affordable housing, no intervention and let the market it sort it out? Let us know what you think.