Friday's Wall St. Journal featured an article that included a great photo of the lake from the lakeshore near Incline Village on the Nevada side. It was used to bolster the article on prices around the lake, that have apparently started to stabilize. One property, selling for $25.5millions, is supposed to be illustrative of an improving market.
Well, the photo is nice, but it hardly reflects current market reality. High end sales rarely affect the over market. But, again, the photo is well done and the mayor can almost see Tahoma, off in the distance, across the lake.
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