Unicorn start-up Pacaso seeks to capitalize on surging vacation home prices CNBC 1 hr ago
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As home prices surge, real estate start-up Pacaso is buying luxury single-family vacation homes and selling them to groups of buyers through a fractional ownership model as part of an LLC. We re simply making better use of the housing stock by modernizing this old practice that s been around for years, which we call co-ownership, Austin Allison, co-founder and CEO, told CNBC on Friday.
Founded by former Zillow executives, the start-up has received $90 million in total funding and has a $1 billion valuation.
Unicorn start-up Pacaso seeks to capitalize on surging vacation home prices
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