I would go ahead and say north shore all the way. Kings beach is cheap and has a lot of meth and mexicans, between Kings Beach and Tahoe City has some housing that is super nice and in between northstar and squaw/alpine. Tahoe City/Squaw as stated previously is the most fun and super nice, closest to squaw/alpine. I personally would love to live in Squaw but it's too far from SNC (in Incline Village) Living in Incline is ok, a few bars around and the college is there, but like I said, I would want to live on the california side of North Shore.
South Shore has probably the most going on, sick concerts, more tourists roaming around, more of a city feel (kind of I guess, casinos, more buidings, more of a "strip") But heavenly is lame hahah