Affluent Orange County town battles a new breed of luxury party houses: fractional ownership kansascity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kansascity.com Daily Mail and Mail on Sunday newspapers.
Newport Beach has joined a host of destination cities in California moving to regulate fractional home ownership, in which multiple people own a small share of a neighborhood home that's used as a vacation property.