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Critics decry fractional ownership in luxury communities | On Balance

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A new startup called Pacaso promises luxury homes at a fraction of the cost. It allows people to buy a share in a home they can use for an eighth of the year. Some neighbors in the same luxury communities as Pacaso are not happy about the concept. Austin Allison, Pacaso co-founder, speaks to “On Balance” host Leland Vittert.
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Опубликовано:

27 авг 2024

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Комментарии : 22

@lesliecas2695 Год назад

Also known as a timeshare?

@SecretWars98 Год назад

Yea I noticed that, nothing new, just twisting the title to get those clicks!

@zhenren9703 Год назад

Trying to smooth over what it really is, like they do with "food insecurity"- they're freaking hungry. They want being honest to sound crude.

@epitomecollezione 8 месяцев назад

How is it a timeshare when you actually own the home.

@watchdealer11 Год назад

What's really going to happen is that 1/8 share is going to be used up by Airbnb types who are going to party at until 4:00 a.m. in family neighborhoods and crash property values. That's why you need a good HOA that makes this stuff illegal in your area. Yes, some HOAs don't suck. Mine has never bothered me but has always kept stupidity like this out of our neighborhood.

@markmedley6849 Год назад

Exactly. I would not be happy with a Picaso hose in my neighborhood.

@strandtc Год назад

Pacaso doesn't allow their houses to be sub rented out as short term rentals.

@watchdealer11 Год назад

@@strandtc yeah I'm sure that will stand

@strandtc Год назад

@@watchdealer11 I'm pretty sure that's written into the LLC operating agreement that the owners agree to as part of their purchase into the LLC.

@lovewins6319 Год назад

Timeshare crap. Call it for what it is - the worst investment ever

@jagpilotohio Год назад

The guy is a lying wretch. The 6000 multi owner LLC’s he references are nearly all husbands and wives jointly owning the property, not his tweaked version of an expensive time share.

@baronghede2365 Год назад

I love this news they are great, Blessed Be.

@markmedley6849 Год назад

How is this different than a time share? It sounds like a disaster for the neighbors and homeowners both. It would be tricky to get out of or sell if the owners you share with are nuts.