SF transplants displace Tahoe residents

In Truckee, native tenants are asking for assistance on social media to seek out housing as transplants in San Francisco worsen the housing disaster.

Zeka G / Getty

Final yr, because the San Franciscans flee town and settle within the mountains, longtime residents of Truckee and Tahoe are displaced.

In a scorching actual property market, many owners are seizing the chance to promote houses they beforehand rented to locals. Others are making the most of the flexibleness discovered within the pandemic to maneuver to Lake Tahoe, giving their former tenants the boot.

Tahoe has few long-term leases obtainable, and with such demand, rents are rising. Over the previous six months, rental costs in Lake Tahoe and Truckee have elevated 25 to 50 p.c, says Colin Frolich, CEO of Touchdown Locals, a company that goals to position native tenants with houses for lease.

One of many massive questions that retains Frolich awake at evening: What is going to occur when transplants return to work within the Bay Space?

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