Tahoe median house prices increasing
By Mark Glover, Sacramento Bee
The median price for a home in the high-end Lake Tahoe real estate market continued to climb in the third quarter, according to Nevada-based Chase International Real Estate.
The median price of a Lake Tahoe home increased 5 percent year-over-year to $482,500.
Chase said the Tahoe City and South Shore markets saw year-over-year sales gains at 6 percent and 14 percent, respectively.
Ya baby!! Get that Meyers plan and loop road on track ASAP! Develop, improve and prosper! I love seeing my property value go up up up! If you don’t like progress, move to Dayton!
Loop road is a no brainer. This town has always been under valued in my opinion. Keep knocking down the junk, finish the sidewalks and streetscaping and you will really see the market improve.
LOL Dayton is going to build a wall.
Yep…The value of your property goes up 10% and your cost of living there goes up 20%…sounds good.
The inflation rate (cost of living) has been at 3% or lower since 2008. Yes, home values have gone up in Tahoe but are still below the peak values of 2007/2008.
If you think the official inflation rate is an accurate gauge of the cost of living, you clearly don’t pay attention to prices prices when prices when you shop.
And isn’t it amazing how the national debt hasn’t increased in 6 months? According to the feds, anyhow. And at the same time, we’ll hit the debt limit in December again. How can this be?
The gov’t has already been outed for how they determine the inflation rate. It’s fixed- and that’s no surprise to anyone who spends money, anywhere.
Dog, I do watch for prices when I shop. Ok, what is “your” inflation rate and how exactly did you calculate it?
Next.
In 1980 we had a $2.9 Trillion Dollar Economy with .9 Trillion Debt or 31% of GDP. Carter raised the Debt Ceiling 6 times.
In 1992 we had a $6 Trillion Dollar Economy with a $4.1 Trillion Dollar Debt or 70% of GDP. Reagan raised the Debt Ceiling 17 Times. Bush Sr raised the Debt Ceiling 5 times.
In 2000, we had a $10.3 Trillion Dollar Economy with a $5.7 Trillion Dollar Debt or 56% of GDP. Clinton raised the Debt Ceiling 4 times.
In 2004 VP Dick Cheney said, “Reagan proved that deficits don’t matter.”
In 2008, we had a $14.7 Trillion Dollar Economy with a $11.5 Trillion Dollar Debt or 80% of GDP. Bush Jr raised the Debt Ceiling 7 times.
Now, we have a $17.5 Trillion Dollar Economy Dog and the National Debt is $18.4 Trillion or 106% of GDP.
We gave massive tax breaks to the rich, we properly expensed the Wars in Iraq and Afghanistan plus we had a Recession. So, we CAN raise the Debt Ceiling again.
The people running the country are there because of who they are, and where they went to school. Not. Ecause they understand economics or even how money works. Most of them are not particularly bright, just very well connected. And they don’t care if they screw over the middle class at all.
Why do you trust them with so much?
Dog. I trust in the Government because it OUR system, because we have shed blood together, because it is one of the better systems on this planet.
I believe that President Obama is a really intelligent human being as are others in Government. Is every person or entity bright or perfect? Of course not.
Do you really trust Caesars World, Exxon, Toyota, GM, BP, Pfizer, Eli Lilly, Firestone, Apple, Samsung etc?
When I woke up today. I had running water, a sewer system that worked, roads to drive to work, street lights that worked etc. Nirvana… probably not, but pretty damn good IMO.
So, since you can not explain your calculations for your inflation estimates, can you name a better system, government or economy on this Planet?