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SUPPLY AND DEMAND

 

Two of the most discussed words in the English Dictionary.  

 

Oil is high because the demand for this energy resource world wide has rose to unseen proportions.  Third world companies are demanding this resource as they enter the modern world economies.  Meanwhile supply remains the same with the unwillingness of source nations to raise their production.  Thus we see the results of price increases. 

 

SUPPLY

 

South Lake Tahoe real estate has one of the most limited supplies in our 50 States.  There is no more being produced.  In fact the limited supply of bare land is being reduced in part by the policies set down by TRPA (Tahoe Regional Planning Agency) with a non growth mandate.  A building permit for a South Tahoe home in the City has a waiting period close to nine years.

 

DEMAND

 

South Lake Tahoe real estate has seen an increase in demand world wide. A fact supported by the influx of people from other countries, Great Britain to name one.  This has occurred because of the Internet and in part the development of the Marriott Grand Residence.  Marriot has put our town on the map, worldwide through increased awareness that we are in fact an International Resort Destination.  Think of our amenities, to name a few; ski resorts, gaming, a golfing paradise, water sports, mountains and yes high desert beauty.  Did I mention the most beautiful fresh water Alpine snow feed Lake in the world. Try and find this combination anywhere else in the world.   For my money I would rather own and hold South Lake Tahoe Real Estate then buy oil stocks.

 

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