While Lake Tahoe has been
a popular destination of International visitors and
investors
historically,
it is becoming ever more so based on a few things that
I have observed
in addition to my notes on the NAR DC visits;
1) globalization and immediate access to information
expanding the exposure of our resort market to the
international market,
2) access to resorts (you can get here from there)
3) Desirability of 4 seasons resort,
4) As said earlier - Values! safe investment, enjoyment,
weather and good exchange rates are driving a lot
of new interest.
The move up market of existing foreign investors
is another market we are experiencing.
Antidotally I have a couple who are from Singapore
who are looking to upgrade from an vacation income
property
they already own here in Tahoe to another larger
grander property to retire to 6 month out of the
year. (check
on guest/foreign homeowner visitor visas, another
good topic to investigate). Water, views, floor plan
to accommodate
entertaining their friends from around the world
and located in a safe or gated community are their
top criteria.
They also bring with them a whole host of friends
and family that will join them in investing in Tahoe.
More to follow.
Deb Howard
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