Category: Pacaso

Fractional Homeownership: A Growing Trend in Newport Beach With No Regulation

January 13, 2022
fractional homeownershipLocal Newsnewport beachPacasoRegional NewsRegional-Local Newsshort-term rentalsSouthern CaliforniaUncategorizedUS
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NEWPORT BEACH, Calif.—Though complaints about short-term rentals in Newport Beach had led to more regulations, the city still doesn’t yet know how to deal with fractional homeownership—a new and growing trend where multiple individuals pool their money together to buy a shared home that each of them can use throughout the year. Many Newport Beach…

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Dream of Luxury Vacation Home Ownership Morphing Into Nightmare for Some Local Neighbors in California

September 17, 2021
Business & EconomyCaliforniaCompaniesLocal Newsluxury homesNorthern CaliforniaPacasoRegional-Local NewsUSvacation home
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For anyone who has ever dreamed of owning a multi-million-dollar vacation home in a luxury resort area in the United States or abroad, a San Francisco-based start-up firm claims it’s now possible–even if you’re not a multi-millionaire. Pacaso, founded in 2020 by former Zillow executives Austin Allison and Spencer Rascoff, offers “the modern way to…

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