From CNBC: 2024-03-26 08:32:23

Pacaso, a luxury vacation home co-ownership platform, is expanding its business with listings starting at $200,000, making ownership more accessible compared to previous share prices of half a million or more. The company facilitates home purchases, financing, furnishing, and management, with owners benefiting from home value appreciation over time.

Pacaso has reached over $1 billion in revenue, with wealthier buyers investing in ski homes in Colorado and beach homes in Hawaii. Despite its success, the company faces backlash in some communities, with regulations limiting its expansion in areas like Sonoma and St. Helena, California. Pacaso plans to educate policymakers and continue working towards acceptance.

The company is now offering services to help primary homebuyers access the co-ownership model, aligning with the growing trend of people purchasing homes with friends or family. Pacaso sees co-ownership as a solution for those looking to afford homes that may have otherwise been out of reach.



Read more at CNBC: Vacation home co-ownership site Pacaso adds lower-priced listings