Tahoe is bonkers now.
My mom is a Relator in Marin, so the knows the game. We stayed in Tahoe for vacation in September to look at vacation places. We looked at some around Truckee and I thought the value was terrible. Market is too hot. Relators were acting like the "Soup Nazi". People say "The interest rates are so low". And then the market values inflate to compensate.
She asked my honest opinion and I said it was a bad time to buy at the market high unless it a primary residence and you plan on staying a while. Then, no big deal.
She looked for months and then I think we decided that renting places is just fine.