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Work-anywhere shift has tech crowd invading Lake Tahoe

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Work-anywhere shift has tech crowd invading Lake Tahoe

The vibe is pre-Covid San Francisco: Airpods, electrical scooters, coffee-shop coworking and money gives for million-dollar houses.

The truth is, the scene is unfolding greater than three hours to the northeast, on the shores of glowing Lake Tahoe.

With many firms from the tech-heavy Bay Space embracing distant work, the cities surrounding the sprawling freshwater lake have gotten a refuge for San Francisco and Silicon Valley’s elite. In a blink, the migration has reworked the area — to the dismay of some locals who fear Tahoe might grow to be one other crowded, unaffordable playground for the wealthy.

Tech-company staff made up a couple of third of space homebuyers recognized by their employment historical past in a single evaluation. The true property market is scorching, with house gross sales in South Lake Tahoe nearly doubling over the summer season in contrast with a yr earlier, and rising costs making it harder for locals to buy property. Bay Space transplants are also crowding right into a co-working enterprise the place they as soon as had been a definite minority.

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