Santa Barbara Real Estate meets Pacaso
Fractional home ownership. One-eighth ownership. Basically a timeshare. What could go wrong?
Disrupter Pacaso, is a Bay Area-based company that buys homes and then sells fractional interests in them to second-home buyers. After the sale – in which the company makes a profit – the company then manages the home, and the co-owners use Pacaso’s technology to schedule time in the home.