Thursday, March 31, 2005

Cheap Slopes, Expensive Houses

A retired couple in South Lake Tahoe is livin' large thanks to a condo bought in 1976 and a season pass at Ski Heavenly. The pair's condo, which cost $50,000, would now sell for at least $350,000... a bit above average for the resort town where about 70 percent of all homes are occupied by investors or second-home owners. Meanwhile, the huge snowstorms this winter meant they paid for their $219 ski pass in four visits from Bremerton, WA, their "real"home.

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