Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market.
The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is now introducing thousands more listings with share prices starting as low as $200,000.
Pacaso lists shares of vacation homes, generally an eighth but sometimes larger shares, and then facilitates the purchase, including financing if necessary.
Unlike timeshares in resorts, where consumers buy the time, not the property, Pacaso owners can benefit from the home's value, which usually goes up over time.
So the Pacaso shares generally track with the underlying real estate," said Allison.
Persons:
Austin Allison, Allison, Pacaso, hasn't, it's
Organizations:
Pacaso
Locations:
Colorado, Hawaii, Sonoma , California, St, Helena , California, Sonoma