I may have misunderstood your earlier remark. I thought you meant that the infrastructure in Lake Tahoe would improve, not that the one in SF would decline. I a

I may have misunderstood your earlier remark. I thought you meant that the infrastructure in Lake Tahoe would improve, not that the one in SF would decline. I agree that the latter is possible, but I'm inclined to think that there will remain enough demand. My impression is that the housing boom in SF predates the jobs boom (people worked in the south bay, and just preferred living in SF).