The Pacaso blog

Thinking about a second home, but hesitating because of the math, the upkeep, and the “is co-ownership worth it?” questions?  With fluctuating interest rates, rising insurance and maintenance costs, and the general hassle of owning a property far from your primary residence, The catch is that a lot of people are still evaluating co-ownership through old, misleading mental models: random strangers, timeshare rules, rigid weeks, complicated logistics, and messy exits. That’s not how modern co-ownership works, and it’s definitely not Myth #1: “Co-ownership means sharing your homes with random people.” This isn’t an open-door situation; it’s a limited set of co-owners who each have a real stake in the property. And because everyone owns, the incentives are aligned: owners treat the home like an asset and a retreat, not a revolving rental. Want to see what that looks like in real life? Myth #2: “This is basically a nice timeshare.” You’re not buying points, you’re not locked into a resort system, and you’re not subject to opaque exchange rules. It’s a straightforward ownership structure designed to make second-home ownership more attainable and more usable. Myth #3: “You’re stuck with fixed weeks every year.” Pacaso is built for real life — plans change, calendars shift, and flexibility matters. Owners use our proprietary Myth #4: “Home management sounds difficult with multiple owners.” You show up to a well-kept, ready-to-enjoy home. When you leave, you’re not stuck coordinating vendors, troubleshooting issues, or worrying about whether the place is being cared for properly. Myth #5: “Co-ownership can be messy. What happens when someone wants out?” So, is Pacaso worth it? How Pacaso simplifies co-ownership Pacaso owners get the second-home lifestyle without the traditional second-home hassle. Instead of “booking weeks” or rolling the dice on vacation rentals, they build real ownership in a luxury home, alongside a small group of co-owners and a scheduling system designed for flexibility. Unlike If you want a place that feels like yours (because it is), with the freedom to use it throughout the year and the confidence that everything is taken care of, co-ownership through Pacaso is the easiest path. If you’re ready to take the smarter path to second-home ownership,

Owning a second home doesn’t have to mean taking on the full cost, responsibility, or time commitment alone. Understanding how co-ownership works can help you decide whether it’s the right path for your lifestyle and financial goals. How does co-ownership of a home work? Choosing co-ownership means entering into a shared legal and financial arrangement where each party has In a typical co-ownership agreement, each person purchases a percentage of the home, often ranging from one-eighth to one-half. Ownership shares not only determine your equity in the property but also your access to the home. Scheduling is agreed upon in advance to ensure fair use among all co-owners. Some co-owners manage the property themselves, while others rely on professional services. Regardless of the approach, all shared costs—mortgage, taxes, insurance, and maintenance—are divided proportionally according to each owner’s share. Clear agreements are essential to outline responsibilities, decision-making processes, and procedures for selling ownership stakes. What are different types of co-ownership? There are several ways to structure shared ownership: Each structure has its nuances, but all types of co-ownership share the common goal of making luxury homeownership more accessible and manageable Why is co-ownership growing in popularity? The concept of co-owning a home has become increasingly popular as buyers seek more affordable ways to access luxury real estate. By sharing expenses, you can enjoy Professional management companies or fully managed models like Pacaso, also make the process easier by handling maintenance, scheduling, and day-to-day operations, allowing owners to focus on making memories rather than managing logistics What are the pros and cons of co-ownership? Co-owning a home offers several benefits: However, co-ownership can also present challenges, especially in DIY arrangements: Clear agreements, defined processes, and strong communication are essential to minimizing these challenges and ensuring a successful co-ownership experience. What’s needed to start a co-ownership agreement? To start a co-ownership agreement, it’s essential to establish: Having these elements in place from the beginning helps prevent conflicts and ensures a smoother experience for all parties involved. Who should I co-own a home with? Co-ownership works best with people you trust and have compatible schedules and financial goals. Family members, close friends, or even professional co-ownership programs like Pacaso can be ideal partners. The key is choosing co-owners who value transparency, communication, and shared responsibility. How does a co-ownership mortgage work? Co-ownership  mortgage arrangements vary depending on the lender and the co-ownership structure. Some buyers share a single loan, while others may finance their portion individually. Mortgage payments, property taxes, and insurance are divided according to ownership shares, ensuring that each owner contributes fairly. Having a clear understanding of financing options and responsibilities upfront is essential to successfully co-own a home. How do you sell a co-owned property? Selling a co-owned property depends on the agreement in place. Often, an owner can sell their share individually, with existing co-owners given the first opportunity to buy it. Fully managed models like Pacaso can facilitate the How to co-own a home successfully What are tips for co-buying a house? Successful co-ownership starts with choosing the right partners and establishing clear agreements. Other helpful tips include: How do I get started with co-buying a house? How does Pacaso co-ownership work? With Pacaso, co-ownership means less time managing your home and more time making memories with those you cherish most.

If you invest in a fractional ownership of a holiday home, you'd have the right to use that property for a predetermined number of days or weeks annually. This approach allows individuals to enjoy the benefits of owning premium assets without bearing the full financial burden alone. In this post, you’ll learn what fractional ownership is, explore its pros and cons and get answers to some frequently asked questions. Understanding fractional ownership You’ll typically find fractional ownership for real estate like vacation homes. However, fractional ownership can also come into play for art, stocks and fashion. When owners purchase real estate assets with fractional ownership, they’re issued deeds representing their fraction of the property.  How fractional ownership works It may sound complicated, but fractional property ownership is pretty cut and dry. Here’s how it works: Types of fractional ownership There are two main types of fractional property ownership structures: an entity, like an LLC, and tenancy in common. Fractional ownership through an entity Some properties split ownership by using a structural entity like an Tenancy in common Tenancy in common (TIC) means each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. However, no one person or company is in charge. With a TIC, individuals can own different percentages of the property but share it equally. Some TIC agreements are self-managed. Fractional ownership vs. timeshares Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners.  Benefits of fractional ownership Fractional ownership has many benefits, including shared maintenance costs and upkeep, among others. Here are some of those benefits: Expanded opportunity to own Fractional real estate investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional home ownership gives you a deed to a fraction of the property itself (sometimes called a Usage rights Unlike short-term Shared upkeep and maintenance costs Using the fractional ownership model, you're also responsible for only a fraction of the property's upkeep and maintenance. This includes taxes, HOA fees, repair bills, landscaping, utilities, Lower upkeep and maintenance burden Most fractional When you have fractional vacation home ownership through an entity, it will include preventative and Cons of fractional ownership Though fractional ownership has advantages, there are a few drawbacks to consider.  Fewer financing options Fewer banks provide mortgages for those looking to buy properties fractionally. You may need to shop around or consider other ways to Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which can be a hassle. If you want to sell a fractional property, the other fractional owners must approve the sale, depending on your agreement.  Some fractional property ownership clubs also require you to maintain an agreement with the club or property management company associated with the home, with no option for self-management or management outside the company. Limited travel opportunities While it's not unheard of to own shares in multiple fractional ownership properties in different locations, investing in fractional ownership also means investing in the location you’re going to revisit. Of course, you can still vacation elsewhere, but it's something to factor into your travel plans and budget.  Similar alternatives to fractional ownership Where fractional ownership falls short, Pacaso steps up. Pacaso's professionally managed LLC co-ownership model gives you all the perks and lower co-ownership costs with key differences that set it apart from fractional ownership resort clubs. Unlike fractional ownership resorts, Pacaso offers LLC

Understanding short-term rentals You’ve likely come across vacation home listings on Over the last decade, short-term rentals have grown immensely in popularity. Brands like Homeowners are drawn to short-term rentals for their income potential, flexibility, marketing automation, and tax benefits. Unlike long-term rentals, these properties can also serve as personal retreats. Seasonal demand may affect availability, and during peak periods, owners might need to adjust personal use. Additionally, keeping a property guest-ready requires attention to cleaning, coordination, and maintenance. How do short-term rentals work? Many people who Short-term rentals typically accommodate stays ranging from a few nights to several weeks, and in some cases, up to a month. Properties rented for longer than six months are usually considered long-term rentals, while anything shorter generally falls under the short-term category. Local regulations ultimately define what qualifies as a short-term rental in each area. When comparing a vacation home vs. short-term rental, the distinction is clear: a vacation home is primarily for personal enjoyment, while a short-term rental is managed as an income-generating investment. Understanding this difference helps potential owners make informed decisions about property use, financial planning, and regulatory compliance. What is considered a short-term rental in each state? Local restrictions are a critical factor for anyone considering What qualifies as a short-term rental by state? Owners should verify local regulations, zoning, taxes and licensing with their city or state government website for specific details about what qualifies as a short-term rental in their area before leasing their property. What are the different types of short-term rentals? Short-term rentals generally fall into three main categories: entire homes, accessory dwelling units (ADUs) and individual rooms. The type of property you list can influence how you operate your vacation rental business, including tax obligations and zoning requirements, so accurate categorization is essential. Entire homes Airbnb and Accessory dwellings Also called in-law suites, ADUs are often detached studios on the same property as the primary residence. They typically include an en-suite bathroom, comfortable furnishings, and sometimes a private entrance — perfect for guests looking for a cozy, independent space. Individual rooms Some jurisdictions allow homeowners to rent out a room in their primary residence as a short-term rental. The room can accommodate one or more guests and sometimes offer access to shared spaces like a kitchen or yard. Like ADUs, some private rooms can include separate entrances for added privacy. Short-term rental vs. long-term rental: what’s the difference? Both short-term and long-term rentals are investment properties that homeowners can use to generate rental income. The length of the lease between owner and tenant often determines which type of rental agreement both parties will abide by. A long-term rental is generally a lease agreement for tenants who live at a rental property for at least 90 days, although some landlords require a minimum of 180 days or a full calendar year.  A short-term rental, however, is generally available to lease for less than 30 consecutive days. Compared to a long-term rental, What should I consider before investing in short-term rentals? Investing in a short-term rental can be a lucrative opportunity, but it comes with responsibilities that go beyond simply owning a second home. There are several factors to consider before investing in a short-term rental. To operate a short-term rental, owners need to: While short-term rentals can generate income, they also demand time, effort, and organization. If your priority is relaxation rather than running a business, Should I buy, co-own, or rent a vacation home? Short-term rental: Buying a whole second home: Co-owning a vacation home: Which option works best depends on… How does Pacaso compare with luxury short-term rentals? Instead of renting a vacation home night by night, Pacaso offers co‑ownership — a way to enjoy a luxury second home while also building equity. Why Pacaso stands out Compared with other vacation home options, Short-term rentals provide flexibility and variety, but they come with unpredictability: changing hosts, inconsistent quality, and no long-term return. Pacaso combines privacy, stability, and a true “home away from home” experience, letting you enjoy the perks of luxury second-home ownership without the full-time operational responsibilities. Co-owning a luxury second home has never been easier. Unlike vacation rentals,

Ownership interest is the legal stake you hold in a property. It defines what you own, how you use the home and your rights to its value. For Below, we explain what ownership interest means, the rights and responsibilities it includes and how Pacaso structures co-ownership to make owning a luxury second home simple. What does ownership interest mean?  Ownership interest denotes the legal rights an individual or entity possesses in a property, whether it's real estate, a business or other asset.  This interest represents the stake a person has in the property, including their percentage ownership interest, which defines how much of the property they legally own. In practice, ownership interest determines how co-owners divide ownership, make decisions, and share responsibilities, as well as the rights and benefits each owner receives. Ownership interest is different from security interest, which is what your mortgage lender holds. Security interest means that a party can obtain ownership interest (or take ownership) of the property only if you fail to live up to your obligations as outlined in your mortgage contract. Unlike security interest, the ownership interest is the highest possible form of interest. What rights come with ownership interest?  No matter what Keep in mind that the type of ownership interest you hold may limit the scope of these rights. For example, if you own property through Types of ownership interest in property Ownership interest structures typically depend on the number of owners involved and the way rights are shared. What kind of ownership interest does Pacaso offer? Pacaso offers ownership in a second home through a property-specific LLC with a maximum of eight owners. You may own anywhere from ⅛ to ½ shared interest in a Pacaso home.  Your Pacaso ownership interest gives you the right to use your second home based on the amount you own. The Because your Pacaso rolls your utilities, property taxes, insurance, applicable HOA dues, and maintenance fees into your monthly operating expenses, simplifying your responsibilities as a second homeowner.  Explore your second home options with Pacaso Ready to explore second-home ownership with less hassle? Pacaso can guide you through how ownership interest works and help you find a home that fits your lifestyle.

A multi-member LLC, also known as an MMLLC, is a limited liability company (LLC) with more than one member.  Limited liability companies are one of the most popular business structures in the United States. Companies and organizations that want to add structure to their business and protect the personal assets of their owners use them. Commonly abbreviated as LLC, There are two main types of LLCs: single-member LLCs and multi-member LLCs. Single-member LLCs are used for businesses owned by a single person. Multi-member LLCs are used for businesses with two or more members. That co-ownership model is especially common in real estate, including second homes and vacation properties, where multiple people want to co-own a home without assuming personal liability, similar to the opportunities If you’ve never been part of an LLC before (especially if you’re new to multi-member LLCs), they can seem complicated. Here are the most important things you need to know. How a multi-member LLC works Multi-member LLCs operate similarly to single-member LLCs, but with two or more owners, known as members. Each member owns a percentage of the business, which determines their share of profits and losses. Like single-member LLCs, MMLLCs grant limited personal liability to their members. This means members' assets are generally protected if the business faces debt or legal action.  Day-to-day operations depend on the MMLLC’s structure, as outlined in the operating agreement. In a member-managed LLC, all members participate in managing the business. In a manager-managed LLC, the members appoint one or more managers to handle operations. These LLCs are commonly used by small businesses, family-owned companies and real estate co-ownership arrangements where multiple individuals want to share ownership without personal liability exposure. How multi-member LLCs are taxed Multi-member LLCs and single-member LLCs are taxed differently in practice, even though they both use pass-through taxation. With pass-through taxation, the business itself doesn’t pay federal income taxes; instead, profits and losses are reported on the owners’ personal tax returns rather than being taxed at the corporate level.  For multi-member LLCs, this means the IRS treats the business as a partnership by default, requiring the LLC to calculate each member’s share of income and report it using an The purpose of the Schedule K-1 is to report each partner's share of the partnership's earnings, losses, deductions and credits. In some cases, a multi-member LLC can choose to be taxed as an S corporation by filing the appropriate IRS election. That could change how income and self-employment taxes get handled, but the underlying LLC structure stays the same. Multi-member LLC vs single-member LLC The biggest differences between a single-member LLC and a multi-member LLC come down to ownership, taxes and decision-making. This quick comparison highlights what matters most when choosing between the two. Benefits of a multi-member LLC Multi-member LLCs are a common choice for shared business ventures. Family businesses, co-owned companies, married couples and individuals sharing property gravitate toward this structure because it protects all related parties from personal liability in terms of business expenses or debts. Below are some benefits of a multi-member LLC. Drawbacks of a multi-member LLC Multi-member LLCs offer flexibility and protection, but they also require more coordination and planning than single-owner structures. Shared decision-making, complex tax filings and the need for a strong operating agreement are trade-offs to consider before choosing this setup. What types of businesses use multi-member LLCs Because of their relatively easy setup and personal liability protection, multi-member LLCs are a good fit for many businesses that need shared ownership with a defined structure. They allow owners to divide responsibilities, pool resources and set custom rules for profits and decision making.  That also includes friends going into business together, colleagues forming a new offshoot business or a group of investors buying property together, such as a vacation home, boat or rental property.  Multi-member LLC examples Here are a few examples of scenarios in which a multi-member LLC might make sense.  How Pacaso makes owning a home with multiple owners easy Pacaso utilizes a multi-member LLC structure, which is already popular for co-ownership, as it offers personal asset protection and a pass-through tax setup. We handle the legal setup, management and ongoing operations for you, so co-owners don’t have to navigate the complexity themselves. If you’re considering owning a home with others, exploring how Pacaso’s model works is a simple next step. 

Investing in real estate is often a significant financial commitment, and how you structure ownership can have major implications for liability, taxes, and day-to-day management. A real estate LLC is designed to protect personal assets while giving one or more owners the ability to efficiently manage and operate the property. Whether you are a solo investor or planning to co-own a home with friends, family, or other partners, understanding how a real estate LLC works is essential before making your next move. How does a real estate LLC work? An LLC can be used as a An LLC functions as a separate legal entity. This means it can: For co-owners, the LLC simplifies decision-making, allows for structured voting or responsibilities, and ensures each member’s interests are clearly defined. It can also make adding new members or transferring ownership shares easier, without retitling the property each time. How is a real estate LLC funded? One of the advantages of LLC property ownership is its simplicity and clarity around finances. An LLC pays for real estate purchases using its own funds, which makes it clear who owns what within the entity. With Pacaso, buyers acquire Financing an LLC property is straightforward. Buyers may use: Pacaso also provides flexible financing options for qualified buyers, making it easier to participate in Who owns the property in an LLC? Ownership of the property is tied directly to the membership interests in the LLC. Each member’s stake represents a percentage of ownership, rather than owning the property directly. This structure ensures clarity, legal protection, and flexibility for all co-owners, while still allowing them to enjoy the benefits of property ownership. What are the benefits of owning real estate in an LLC? LLC property ownership offers several key advantages for investors: What are the cons of a real estate LLC? LLC property ownership offers many advantages, but there are also potential downsides to consider: How do you start a real estate LLC? Creating a real estate LLC involves several clear steps. While the process may vary slightly by state, the general approach includes: How does Pacaso LLC co-ownership work? When you purchase a share of a Pacaso home, an LLC is created to hold the property, and Pacaso fully manages the LLC on behalf of all co-owners. This means Pacaso handles the legal, financial, and administrative responsibilities so you don’t have to worry about the complexities of managing a property or an LLC yourself. Through this structure, co-owners enjoy the full benefits of property ownership: By leveraging LLCs, Pacaso makes it easier for multiple buyers to confidently invest in high-end homes, ensuring that ownership is legally secure, professionally managed, and designed to protect all participants. Fractional ownership through a Pacaso LLC allows more people to access and enjoy luxury real estate without the traditional burdens of sole ownership. And should your needs change and you decide to move on, Pacaso streamlines the process of Explore Pacaso’s

You’ve decided it’s time for a second home — a private retreat where you can escape, recharge, and make memories with loved ones. But traditional ownership can be overwhelming, with high costs, maintenance, and scheduling challenges. Short-term rentals are often impersonal, and timeshares can feel restrictive. So, how does Pacaso work? Pacaso reimagines second-home ownership through fully managed What is Pacaso? Pacaso, Each Pacaso home is held in a How does Pacaso work? Owning a second home can be expensive and stressful, with unpredictable maintenance and scheduling conflicts. Pacaso simplifies the process by combining true property ownership with Here’s how Pacaso co-ownership works at a glance: What makes Pacaso homes special? Pacaso homes are intentionally designed to feel like true retreats — not just places to stay, but places you genuinely look forward to returning to. Every detail is thoughtfully curated to deliver a consistent, high-end ownership experience across locations. Together, these elements create a second-home experience that is polished, predictable, and easy, so owners can focus on enjoying their time rather than managing the property. How do Pacaso alternatives compare? Many buyers unfamiliar with the Pacaso business model ask the same question: is Pacaso a timeshare? The short answer is no. But to fully understand how the Pacaso business model works, it helps to compare it to the most common second-home options available today. By combining true property ownership with professional management, flexible access, and financial transparency, Pacaso homes offer a modern, stress-free alternative to traditional second-home models — without the limitations of rentals or timeshares. Why is Pacaso the smart way to buy a second home? If you’re wondering, “how does Pacaso work for second home buyers?” The answer lies in its modern approach to luxury second-home ownership — one that blends the rewards of owning a vacation home with professional management, flexibility, and peace of mind. Rather than purchasing a second home on your own, Pacaso allows buyers to co-own a luxury property, sharing costs and responsibilities while still enjoying true, deeded ownership. Being a Pacaso owner is about more than just time in a house — it’s about enjoying a vacation home without the work. Owners benefit from: Owning a Pacaso share isn’t just about a property — it’s about creating a personal getaway filled with memories, comfort, and freedom.

Here’s everything you need to know about how to sell your Pacaso, what to expect along the way, and how the process compares to a traditional real estate sale. What is a Pacaso resale? A Pacaso resale occurs when an existing owner sells their ownership interest in a Pacaso home to a new buyer. While this differs from purchasing a new Pacaso share at initial launch, the ownership structure remains the same. All Because of this model, selling a Pacaso share is simpler than selling a traditional home. There’s no need for staging, showings, or home prep, no due diligence period, and no title or escrow process. Ownership is reassigned through the LLC, allowing for faster, more streamlined closings. Resales are a built-in feature of Pacaso’s How does the Pacaso resale process work? What does Pacaso’s role in the resale look like? Pacaso facilitates the resale process by helping source buyers, coordinating marketing efforts, and managing the administrative and legal steps required to complete the transaction. This support significantly reduces the friction typically associated with selling real estate. How long does a Pacaso resale take? Pacaso homes typically close much faster than traditional home sales.  Factors such as buyer financing and market demand may influence the exact timeline. How has Pacaso resale performed? According to RCLCO’s findings, from 2021 through 2024, shares of Pacaso homes achieved an average Compound Annual Growth Rate (CAGR) of 9.7%—4.7% higher than traditional luxury homes in the same markets. In several luxury destinations, from California to the Carolinas, Pacaso resales have consistently outperformed regional averages. From 2021 through 2024, Pacaso share appreciation exceeded market benchmarks in each destination, with Pacaso resales averaging a 10% overall gain. What are the fees and costs associated with a Pacaso resale? Compared to traditional real estate, resale-related costs are streamlined. Overall, the Pacaso resale process eliminates many of the unpredictable expenses associated with selling a traditional home. What are tax considerations for Pacaso resales? Selling a Pacaso share may result in capital gains, depending on your individual situation. Because Pacaso resales involve the transfer of an LLC membership interest rather than a traditional deeded sale, tax treatment may differ from a standard home sale. This information is provided for general guidance only. Owners should consult a qualified tax professional to understand how a Pacaso resale may impact their personal tax situation. What are other options for Pacaso owners? If your needs change, selling your entire share isn’t your only option. Owners who find they’re using less time than anticipated can right-size their ownership by selling a portion of their interest. A selldown follows the same process as a resale, allowing you to retain partial ownership while freeing up capital and flexibility. Is Pacaso a good investment? On average, Pacaso homes have appreciated in value, often outperforming traditional luxury homes in their markets. With a built-in resale marketplace and streamlined ownership transfer through the LLC, selling a Pacaso share is faster and simpler than a traditional second home, providing liquidity and flexibility. Beyond potential financial gains, owners enjoy a So, is Pacaso a good investment? Absolutely, for buyers who value both lifestyle and potential financial return.  A flexible, transparent way to sell Pacaso gives owners an exceptional level of flexibility, control, and peace of mind when it comes time to sell. With a built-in marketplace, professional marketing support, and a simplified transaction process, reselling Pacaso shares is designed to be as effortless as ownership itself.

Unlike How does a tenancy in common agreement work? A TIC agreement is a form of Buyers can become co-owners within a tenancy in common through: It’s important to note that no one person or company is in charge of a TIC. This means that, for example, while one owner might have a 50% interest share in the property, they have the same usage rights as a tenant with 10% ownership.  What are the different types of tenancy? To fully understand TIC, it helps to see it in context with other types of tenancy: The type of tenancy that works best depends on your personal situation, legal status, financial goals, and desired balance of shared control versus individual protection (like whether you're looking to buy as an individual or as a What is an example of tenancy in common? Now that you understand the basics of how TIC operates, let’s see how this ownership model plays out in a real-world tenancy in common example. In this scenario, three families enter into a tenancy in common agreement: The story above illustrates how each co-owner can have a different amount of ownership shares and how the ownership interest can transfer to family members later. Can you finance a tenancy in common? Although a tenancy in common is a form of fractional ownership, you still have access to traditional funding opportunities like loans.  When it comes to tenancy in common financing, you have two options: Simply put, the main attraction of financing as a group is that co-owners can pool their capital and afford bigger investments — either by taking out a joint loan or individual loans. How are property taxes handled in a tenancy in common? In general, a tax jurisdiction may require property taxes to be paid as a unit. This may be because If your TIC receives a single tax bill, your tenancy in common agreement will determine how the property taxes are paid. A common tax strategy within TIC agreements is for each member to pay property taxes equal to the percentage of their ownership. The TIC agreement should also present how the funds are collected and taxes paid. What are the pros and cons of tenancy in common in real estate? As an arrangement that enables multiple individuals to share ownership of a single property, TIC brings a set of distinct advantages and challenges that prospective homeowners must consider. Understanding these key factors is essential in making informed decisions and forging successful co-ownership partnerships. Below is a side-by-side of the pros and cons of tenancy in common. Advantages of tenancy in common Here are the core advantages of opting for a tenancy in common agreement: Disadvantages of tenancy in common Although a TIC agreement can be an easily customizable and flexible ownership arrangement, it also has its drawbacks, such as: How do you move on from a TIC? Can I dissolve a tenancy in common agreement? Dissolving a tenancy in common is relatively straightforward and easy to accomplish, assuming all co-owners wish to end the agreement.  To dissolve a tenancy in common agreement, each member must sell their shares of the property. This can only happen if all the owners agree to sell their ownership rights and split proceeds according to ownership interest percentages.  Additionally, seeking legal advice, drafting a formal dissolution agreement and adhering to the legal procedures required in your jurisdiction are crucial steps in the dissolution process.  Can I sell or transfer a TIC interest? One major advantage of TIC is the ability to sell your share independently of other owners. Agreements typically outline steps for resale, including offering shares to existing co-owners first, and compliance with local laws. This flexibility makes TIC appealing for those who may want to exit or adjust their investment. Can I pass down a TIC to an heir? Because TIC does not include right of survivorship, owners can pass their share to heirs through a will or estate plan. Proper planning helps avoid disputes and ensures heirs understand their rights. How is Pacaso co-ownership different from tenancy in common? Enjoy second-home ownership without the hassle Tenancy in common illustrates the appeal of co-ownership: shared access to a property, flexibility in usage, and the ability to manage your ownership independently. But it also comes with responsibilities—coordinating with other owners, managing maintenance, and navigating financial obligations. If you love the idea of shared ownership but want to skip the day-to-day management,

In the age of infinite design inspiration, it’s easy to curate a vision of your perfect sanctuary. However, translating a mood board into a cohesive, luxurious environment often requires technical skills and a lot of time. Unless you Whether you’re trying to turn your new We’ve pulled everything you need to know about hiring an interior designer so you can make an informed decision for your next home project. What does the average interior designer cost in 2026? The average cost for an interior designer ranges from $2,000 to $15,000, depending on the project. That ‌fee typically pays for the designer’s time but often excludes the cost of furnishings, artwork or materials. Rates vary wildly depending on the scope of your project, your location and the designer’s level of service. Because so many factors play a role, it can be hard to know exactly how much interior designers charge until you get a personalized quote. Interior designer rates and pricing models Interior designers set their rates in varying ways. When first meeting with an interior designer, ask how they’ll charge for their services so you can plan your budget. 1. Hourly Residential interior designers commonly charge by the hour. An interior designer’s hourly rate ranges from Your interior designer will bill you per hour for: This rate doesn’t include the cost of any furnishings, which an interior designer will bill you for separately. Depending on their policy, your interior designer may charge you at cost for furnishings or charge a commission fee (see below). Hourly rates let you control how much you pay, but if the job doesn’t go as planned or you need to make changes, you might pay more than you expected.  If you just need a professional eye for a few hours to help pick paint colors, or if you want a designer to “consult” on a room you want to 2. Flat rate pricing (per room or square footage) Designers at an interior design firm frequently charge a flat rate by room or square footage. The flat rate covers a certain number of changes but doesn’t cover furniture, which would cost extra. If a designer charges by the square foot, you’ll pay about $5 to $15 for each square foot. They also usually have a minimum project size requirement. The flat rate works well for basic projects. But, you’ll probably pay more for add-ons than you would if your designer charged you hourly or by percentage of the project cost. That said, this rate is the easiest to budget because you’ll know exactly what you’ll pay for the project upfront. 3. Percentage of project cost Some interior designers may set their rates as a percentage of the project cost. They’ll add up all the construction costs and then charge you an additional 10% to 30% as their design rate. Like the other types of rates, this doesn’t cover the cost of furnishings. Other interior designers may use the cost-plus method to calculate their rate. They’ll total the cost to complete the entire project, factoring in construction costs, permit fees, furnishings and related expenses, and then charge an additional 10% to 45% as their rate. The benefits of this type of rate are that you get a fair estimate, one that’ll likely not change so you can budget accordingly. There won’t be any massive surprise bills waiting for you if things go wrong.  4. Commission and furniture markups Your interior designer often buys furnishings at a wholesale price (usually 20% to 40% off retail), but they’ll charge you the full retail cost. The difference between the two prices is the commission. Alternatively, some designers use a “cost-plus” model. In this scenario, they buy items at their discounted cost and bill you that amount plus a markup fee, which typically ranges from 10% to 30%. Regardless of the method, you can expect to pay a commission on top of their hourly or flat rate. To see exactly where your money goes, ask your designer to share receipts for all purchases. You should always do this when you are planning to use pieces from Online interior design services (e-design) For people who just need a design roadmap, online interior design services (often called e-design) are a flexible alternative. These platforms generally charge a flat fee per room, ranging from However, this is a more hands-on approach. You’ll need to take your own measurements and photos, handle the ordering and tracking of furniture and manage the assembly and installation yourself. While you save money on design fees, you miss out on the full-service management, custom furniture sourcing or trade discounts that interior designers offer. E-design makes the most sense if you’re okay with managing the logistics, but need professional eyes to pull the look together. Factors that impact interior design cost Regardless of how your interior designer sets their rates, a few factors can affect how much you’ll pay for a design project: What does an interior designer do? Interior design combines creative vision with technical skill to build a space that fits your life. Professionals in this field undergo extensive training and often hold specific credentials or licenses that allow them to practice. Your designer focuses on flow and functionality from the very start. They often bring a clear design strategy and become involved during the architectural planning phase to be sure the room works as well as it looks. Such expertise is particularly useful if you plan to create anything from Services vary by professional, but you can generally expect them to handle these tasks: Interior designer vs. interior decorator You might hear the terms designer and decorator used interchangeably, but the roles are quite different. An interior designer brings technical know-how to a project. They know how to move walls, reroute plumbing and change the footprint of a room, all while planning in details like the You can expect to pay more for a designer because of that specialized training and project management scope. Decorators generally cost less since they work within the existing structure. A common misconception is that the title doesn’t matter, but it dictates what you can legally change. Benefits of hiring an interior designer If it fits within your budget, hiring an interior designer offers many practical advantages. More experience and training Thanks to their training, interior designers understand the functionality of space at a deeper level. They also view design as an art form, so they know how to use lighting, texture, color theory and negative space to Access to tools and exclusive designer networks A major perk of an interior designer is their access to tools that make the design process more efficient, especially at the start. These help them visualize a space before moving a wall or adding a coat of paint, saving you from making a costly design mistake. In addition, interior designers can buy from wholesalers that are not available to the public. Increased resale value An interior designer knows exactly what changes to make to a space for maximum return on investment. A professionally designed space often has a bigger wow factor than a DIY space, which can impress potential buyers. It’s also why so many real estate agents recommend homeowners get their homes professionally staged before putting them on the market.  Less stress and more time Managing a home renovation often feels like a full-time job, especially when construction crews get involved. Your designer acts as the project manager to handle the chaos while keeping the timeline on track. They coordinate with contractors, oversee deliveries and solve problems before you even know they exist. You’re free to enjoy the creative parts of the process without the daily headaches of logistics. Whether designing a How to pick the right interior designer for you Hiring a professional who fits your specific style makes the whole project more manageable. You can find the right match for your home by following these tips: Questions to ask potential interior designers Once you narrow your search, you can set up consultations with a few candidates. The point of this meeting is twofold. You need to determine if the designer is the right fit for your project. You also want to give them an idea of what you want and let them see the space. Use these questions to help you see if they're a good fit.  Experience questions: Project process questions: Budget and payment questions: Luxury and value questions: How to get the most out of your interior designer investment Since you’re paying a pro for their vision and their access to exclusive resources, you’ll want to get the best bang for your buck. Here are a few Interior designer vs. Pacaso Hiring a designer adds layers of contracts, timelines and budget management to your life. Pacaso solves this problem by including professional interior design directly in the purchase model. Here’s how Pacaso compares to interior designers: Own a professionally furnished home with Pacaso Stop calculating how much an interior design project costs and start enjoying your time away. We handle the entire

Zillow is the undisputed giant of online real estate, clocking more than The other problem with general search engines like Zillow is that they often lack curated inventory for nuanced searches. For example, if you're looking to Niche Zillow competitors solve this problem because they list quality over quantity, often without the spammy agents and marketing material. Use this guide to find the Zillow alternative that best aligns with your search for a new or 1. Realtor.com Realtor.com is one of the best alternatives to Zillow for home listings due to its size and accuracy. The site has a direct link to the National Association of Realtors and updates its MLS data every 15 minutes. That speed is especially useful in a hot market, where a short delay often means losing a house. You also get a cleaner feed that ignores “pre-foreclosure” bait, so you only see inventory that’s actually available to buy. 2. Redfin Redfin operates as a brokerage, which means it can offer lower listing fees and commission refunds at closing. Plus, you’ll often find the Redfin Estimate is more accurate than ‌Zestimates because it uses active MLS data. The platform also has one of the most efficient home-buying apps for booking tours and getting instant alerts. It’s best suited for major cities, but you might find gaps in coverage if you look in rural or less populated areas. 3. Homes.com Homes.com recently cleared out the clutter on its site to give you a cleaner and more functional search experience. What stands out is that you can message the actual listing agent directly, instead of dealing with random salespeople who buy your data. That direct line saves you from the spam calls you get with many other real estate sites like Zillow or other larger platforms. The map feels smooth and easy to use, even if it lacks some of the deeper filters you find elsewhere. 4. Pacaso Most alternatives to Zillow help you find a home, but none make it easy to get a luxury second home. Former Zillow executives founded Pacaso to solve that specific aspect of With the co-ownership model, you purchase an ownership interest ranging from 1/8 to 1/2. This gives you ownership of a true real estate asset — They also created a process for managing and 5. Apartments.com As the name implies, Apartments.com specializes entirely in rentals, which is something of a secondary focus on many sites like Zillow. The site prioritizes managed buildings with verified availability and active property managers. You can filter by specific amenities and view reliable 3D tours to see exactly what you get before you book a visit. 6. NeighborhoodScout Standard listing sites often gloss over safety ratings to keep you browsing, but NeighborhoodScout gives you detailed insights about crime and school quality. It has block-by-block heat maps that show exactly where the safe zones end and the risky areas begin. Certainty like this helps a lot when you’re relocating and can’t visit in person. The reports aren't free, so it makes sense to wait until you’re serious about a place before you pay. 7. FSBO.com Zillow hides “for sale by owner” listings under a confusing secondary filter that most buyers miss. FSBO.com puts these off-market homes in one place to help you find deals without agent fees. You speak directly to the seller, so you often get straightforward answers about the house's history. The platform doesn’t offer much support for the paperwork, though. You’ll likely need to hire a real estate attorney to make sure you close the deal safely. 8. Foreclosure.com Foreclosure.com is the leading search engine for investors hunting for distressed real estate. It aggregates messy public records into a clean list of tax deeds, bankruptcies or sheriff sales. Standard sites miss these opportunities because they rely on agent feeds rather than court filings.  It also lists the specific name of the trustee or asset manager, so you know exactly who to call to make a deal. Access to detailed listings requires a subscription fee, which is most practical once you are seriously evaluating distressed properties. 9. LandWatch LandWatch specializes in rural real estate, farms and hunting properties. Homesteaders and investors check here when they want 10 or more acres instead of a standard subdivision with an HOA like on Zillow.  You can filter by specific needs that standard sites ignore, such as mineral rights, timberland or water access. The search tools also let you hunt for auctions, owner financing deals or land with existing structures like barns and cabins. 10. Opendoor Opendoor owns the homes it sells, so you never have to coordinate schedules with a seller or an agent. You simply book a tour and unlock the front door with their app. Browsing without a salesperson hovering over your shoulder makes the experience free from pressure. The platform also has a trade-in service that lets you line up your sale and purchase perfectly to avoid paying two mortgages. You’re limited to their specific inventory for these features, but the convenience can be appealing. How to choose the right Zillow alternative for your needs Your specific goal when searching for a property should dictate which app you open first. Primary home buyers need speed and accurate data, like Redfin and Realtor.com, to beat the competition in hot markets. Renters should prioritize verified platforms that filter out expired or fake listings. Buyers and renters should use multiple apps to see every available property and compare similar listings across platforms. Finding the right home starts with the right platform You now have a good list of Zillow alternatives to help you find exactly what you need. Next, you need to keep in mind all the When you are ready to move from searching to co-owning, Pacaso can help with the entire process. We handle the inspections, interior design and ongoing management so you can focus on enjoying the home rather than maintaining it. Plus, programs like

There are so many ways to vacation: the consistency of a hotel, the extra space in a vacation rental, the structure of a These clubs can simplify travel and often offer a consistent quality, but they also come with commitments that may not align with your travel style. To decide if luxury vacation clubs are right for you, here’s everything you need to know about this interesting travel program. How do luxury vacation clubs work?  While each luxury vacation club has its nuances, they typically operate with the same general model. Members usually pay a one-time initiation fee to join. Then, you’ll pay annual dues, with prices fluctuating based on how much you want to travel each year. Costs can range from a few thousand to much more, depending on how exclusive the vacation club you join is.  Many large hotel chains, such as Hilton, Marriott, Hyatt and Wyndham, have travel clubs tailored to their own collection of hotels and resorts. However, the most exclusive, luxury vacation clubs operate independently of a single hotel brand, offering their members a wide range of options. In exchange for your investment, you get access to a wide range of accommodations and experiences within luxury vacation  clubs, many with better perks, lower nightly rates and more options than you’d find if you booked on your own. Some also offer a rewards program based on your spend.  The most exclusive travel clubs — among them What are the most popular luxury vacation clubs? Vacation clubs are available at a wide variety of price points, but in the luxury space, there are a handful of clubs that lead the pack among jet-setters. Inspirato Inspirato boasts a portfolio of luxury homes, hotels and experiences, alongside travel planning, an on-site concierge, daily housekeeping and more. Exclusive Resorts  If Inspirato is a luxury vacation club, Solstice Collection Solstice Collection is an intimate vacation club membership experience, with far fewer properties but a promise of better availability. There’s a 6:1 ratio of homes to members, making it easier to book and enjoy time at the ultra-high-end luxury property of your choice. Ritz-Carlton Destination Club The Ritz-Carlton Destination Club provides a hybrid option in the world of luxury vacation club memberships, with partial ownership in their vacation club. Customers choose between a Home Club membership to invest in a single property or a Portfolio Club membership that gives access to Ritz-Carlton’s full roster of their private, multi-room estates. Marriott Vacation Club As one of the largest vacation clubs, Marriott Vacation Club offers travelers a wide range of options through its points-based program. Points are redeemable at both Marriott luxury properties and hotels, with global availability. Members aren’t locked into a single property and can join the Abound program for access to Westin and Sheraton properties. Disney Vacation Club The Disney Vacation Club is focused on access to the brand’s famous attractions, including theme parks, beach resorts, and cruises. They also host members at non-Disney properties and offer tour-based travel options, popular for adventurous families. The flexible points-based system lets members choose exactly how often they want to travel.  Hyatt Vacation Club The Hyatt Vacation Club is one of the best travel clubs for residential-style properties that often come with multiple rooms, fully stocked kitchens and traditional resort amenities. These properties are uniquely available to non-owners via Hyatt’s loyalty program, which incurs points that are redeemable at both resort and hotel properties.  How is Pacaso co-ownership different from luxury vacation clubs? Luxury vacation clubs offer access to incredible properties around the world. So does Pacaso, with one major difference: You own your second home. Pacaso uses an innovative Pacaso takes care of all the details, from setting up a Here are some key differences by feature between luxury vacation clubs and Pacaso’s co-ownership model: Why should I co-own a vacation home with Pacaso? Luxury vacation clubs are a popular option for travelers, but Because owners hold real equity in these homes, they’re more connected to the places they visit, supporting local communities while enjoying a professionally managed ownership experience. 

You’re ready to Whether you’re searching for a dreamy beach house or a condo in the city that can earn you extra income, this guide will show you the pros and cons of owning multiple homes. Advantages of owning multiple homes  There are many advantages to owning multiple houses, starting with enjoying the perks of having It’s important to note that owning multiple homes comes with many responsibilities, such as 1. Earn rental income Owning multiple homes gives you the opportunity to create a sustainable and passive cash flow stream. Each additional property adds to the total rental income, which can help cover mortgage payments, property taxes, maintenance costs and other expenses associated with owning multiple rental properties. 2. Diversify your portfolio Rental income from multiple homes also offers diversification. It allows investors to spread their investments across various locations and 3. Enjoy a vacation home (or two) Perhaps the biggest advantage of owning multiple homes is the freedom to travel and make the most out of your properties. Whether Disadvantages of owning multiple properties  Although owning multiple homes can potentially help you earn extra income, diversify your portfolio and grant you access to new vacation spots, there are a few drawbacks to keep in mind. Let’s take a closer look. 1. Real estate is generally considered less liquid than stocks, bonds or cash. When you own multiple properties, it can be challenging to quickly convert those assets into cash if needed.  2. With each additional property comes a multitude of costs, such as mortgage payments, property taxes, insurance, maintenance, If you buy and sell properties frequently, owning multiple properties may also lead to higher transaction costs, such as real estate agent fees and closing costs. 3. One significant disadvantage of owning multiple homes is the challenge of property management. As the number of properties increases, so does the complexity and time required to manage them effectively. With multiple homes, the workload and responsibilities can become overwhelming for individual owners, especially if you have to go through your Financing for multiple homes can vary depending on individual financial situations and investment goals. Traditional mortgages are common, but they may become limited as the number of properties increases.  Here are a few ways you can buy multiple properties: Regardless of the method, maintaining a strong credit profile and demonstrating a reliable income stream are essential to secure favorable financing terms and ensure you can By renting out the property to tenants, you can offset some of the However, successful rental income generation requires proper property management, including tenant screening, regular maintenance and prompt response to tenant needs. With careful planning and a proactive approach, using a second home as a rental investment can offer an attractive source of passive income.  Depending on how you’ll use the property, the tax considerations differ. Here’s a quick rundown: Consult with a qualified tax advisor who can provide detailed information based on your individual circumstances and The goal is to co-own homes without the hassle. Here’s the checklist you need to keep everything ready and organized: The weekend escapes, the family holidays, the familiar getaway spot — the idea of a vacation home sounds divine. Second homes come with a lot of perks, but also plenty of responsibilities. Between the upfront costs, ongoing maintenance, and time spent managing the property, full ownership isn’t the right fit for everyone. That’s where Pacaso comes in. Pacaso makes second home ownership more accessible by offering co-ownership of luxury homes in Here’s why Pacaso is a smarter way to own multiple homes: It’s the lifestyle upgrade without the financial overload. Just show up, relax, and enjoy your second home. Pacaso takes care of the rest. Now that you’ve got the full picture of how And unlike a timeshare, this model offers real estate ownership. And with a

You may have purchased your first home using an FHA loan, and now you’re looking into Below, we’ll explain how to finance a second home, the major differences between FHA loans and second home loans and discuss how loans can differ for vacation homes and investment properties. What is a second home mortgage? A second home mortgage finances the Second home mortgage rates and costs You will likely pay a slightly higher interest rate on a mortgage for a second home than for your primary residence due to the increased risk for lenders. In 2025, expect interest rates to be What is an FHA loan? If it’s been a while since you applied for your FHA loan, here’s a refresher on some of the distinguishing characteristics between an FHA loan for a primary home and a conventional loan for a primary home. An FHA loan: Second home mortgages vs. FHA loans A mortgage loan for a second home will differ quite a bit from an FHA loan. Below, let’s look at the main differences and similarities between the two. The biggest difference between FHA loans and second home mortgages is that lenders consider second home mortgages to be higher risk. They know that in a financial crisis you’re more likely to make mortgage payments  on the loan for your primary residence than you are on a vacation home. For that reason, the Loan type  An FHA loan helps first-time homebuyers buy homes. It is backed by the government and usually comes with more lenient requirements.  On the other hand, a second home mortgage can help finance the purchase of a second home, like a vacation home. Usually, second home mortgage requirements are stricter, as you’ll need higher credit scores and down payments. Credit score  Because an FHA loan is designed to help first-time buyers achieve home ownership, the credit score requirements for an FHA-backed loan are lower than they are for a second home mortgage.  FHA loans typically require a minimum credit score of 620, while a second home loan usually requires 680 or higher. Debt-to-income ratio  Your debt-to-income ratio (DTI) is calculated by comparing the amount of debt you’re carrying to your income. With an FHA loan, your DTI maximum is 57%. But your DTI cannot exceed 45% for a second home mortgage.  Down payment A mortgage on a second home requires a higher down payment than your FHA loan. The minimum down payment required for a second home is usually 10% compared to 3% with the FHA.  However, one benefit of your second home loan is that you can take advantage of your first home’s equity and use a home equity line of credit (HELOC) or cash-out refinance to pay for all or part of the down payment for your second home. Debt-to-income ratio  Your debt-to-income ratio (DTI) is calculated by comparing the amount of debt you’re carrying to your income. With an FHA loan, your DTI maximum is 57%. But your DTI cannot exceed 45% for a second home mortgage.  Occupancy For an FHA loan, the home must be the borrower’s primary residence.   For a second home mortgage, the home must be for personal use, like a seasonal or vacation home, not an investment home. Depending on the property and management company, owners may rent it out — but only for a certain portion of the year.  Interest rates As you may have guessed, a second home mortgage will have a higher interest rate than an FHA loan. It will also be higher if your second home is classified as an Type of home FHA loans allow for duplexes and other multi-family dwellings, but second home mortgages are for single-unit homes only, unless it’s classified as an investment property. Closing costs  Both FHA loans and second home mortgages require closing costs, but these can vary from lender to lender.  Some closing costs, which may include origination charges, appraisal fees and title insurance, will be higher for a second home mortgage. FHA loans usually have lower closing costs and more flexible terms. Property taxes Many second home mortgages will roll property taxes into your monthly payment, similar to an FHA loan.  Lenders Most lenders that offer FHA loans and conventional mortgages for primary residences also offer vacation home loans. These may be mortgage companies, credit unions or traditional banks. However, the lender must be approved by the Federal Housing Administration for an FHA loan. Second home vs. investment property Loan requirements will vary depending on how your second home is classified, with a vacation home mortgage having more lenient terms than an investment property. But how does a lender differentiate between an investment property and a vacation home? A vacation home: If you fail to meet any of these criteria, your second home will be considered an investment property and you could be subject to income taxes and higher interest rates on your second home mortgage.  But having your second home classified as an investment property isn’t all bad news– lenders may also take into account potential rental income when calculating your DTI for an investment property, so in some cases, classifying your second home as an income property could be to your advantage.  While it’s true that second home mortgage requirements have tougher restrictions than FHA loans, many mortgage lenders will be flexible if you have financial strengths that compensate for your weaknesses. For example, if your credit score is a bit on the low side, but you can provide a higher down payment, a lender will be more likely to work with you. Financing options When looking into financing a second home and how to qualify for a second mortgage, you’ll want to be familiar with the different loan types available. Here are the main ones to know: Financing your Pacaso Pacaso’s LLC co-ownership model includes

Owning a second home is more attainable than ever, thanks to a variety of financing options, moderate interest rates and the new model of LLC co-ownership. But before you take the leap, it's important to know what you're getting into when it comes to financing a second home.  From budgeting for the unexpected to differences between loan requirements, doing your research helps you make the right financing decisions so you can enjoy your second home with no regrets.  What are the hidden expenses in a second home?  When shopping for your ideal second home, it can be tempting to focus only on a property's list price and monthly mortgage payments. However, owning a second home comes with other financial responsibilities. Crunch those numbers, too, before you look into financing. Budget for:  What's different about Pacaso's LLC co-ownership model With What do I need to know about financing a second home? If you own your primary residence, you're probably familiar with the process of financing a home. While many of the steps are the same, there are a few important things that are different when getting a home mortgage on a second home. Here's what you need to know.  Financing options for second homes The good news is there are multiple ways to How is taking out a mortgage on a second home different? Once you've calculated the costs and you know how much you're ready to spend for your second home, it's time to think about financing. Your first thought might be a traditional mortgage — after all, that's probably how you financed your first home.  However, while a mortgage for a second home has all the same elements as a traditional first mortgage — a down payment, credit score checks, debt to income ratio calculations — the qualification criteria isn't quite the same when it comes to financing a second home.  Here are a few things to know about financing your second home with a mortgage: How long it takes to get a second home mortgage Once you've found the Differences between a second home and an investment property People often use the phrases "second home" and "investment property" interchangeably, but practically speaking, they're To qualify as a second home, it must be used by you at least 14 days each year. And, you can't earn rental income on it more than 180 days of the year. The home also must be Alternatively, an investment property is occupied by you fewer than 14 days each year. It may generate short-term or long-term rental income, and it can be within 50 miles of your primary residence. These distinctions can make a big difference in affording a second home. A home mortgage for an investment property often requires a higher down payment, better debt to income ratio and a higher interest rate than a second home, as it's seen as a riskier investment. Pacaso's integrated financing options In addition to the cash and credit options discussed above, Pacaso works with partner banks to offer competitive-rate

Dreaming of buying a second home? Despite market shifts, it’s still within reach. Whether you’re seeking a mountain escape, a beach retreat or a cozy getaway, understanding the realities of purchasing a vacation property is key. Buying a second home can feel overwhelming — between higher costs, financing nuances, ongoing upkeep and limited time to enjoy the home. That’s why Let’s start with the seven steps of how to buy a second home: 1. Determining your second home budget involves assessing your current and future finances. Consider income, expenses and additional costs like taxes and maintenance, especially if you will be assuming a second mortgage. A It’s also important to think long-term. Will this home primarily serve as a personal getaway, a future retirement retreat, or a potential investment? Aligning your second home goals with your broader financial plan helps ensure the purchase supports your lifestyle, not strains it. Evaluate financing options and consult a financial advisor for insights into tax implications and investment alignment. This thorough analysis ensures that your second home purchase aligns with your financial goals. Second home expenses In addition to the purchase price, be sure to factor in these expenses when budgeting for a second home: Although second homes come with added expenses, they can also offer tax advantages that help offset costs. As you’re crunching the numbers, remember your second home can also be a source of rental income and tax breaks. Depending on how your second home is classified and used, you may be able to: These are great ways to make owning a second home more feasible. However, 2. Consider your financing options Lenders often see second homes as being at higher risk for loan repayment. For this reason, Here are some things to consider when financing a second home: It’s important to note that Buying a second home doesn’t have to be a solo endeavor. 3. Compare lenders When comparing second home lenders, it's essential to conduct a thorough evaluation to secure the best financing option tailored to your specific needs. Consider the following factors and use them as a basis for comparison: By comparing these factors among different lenders, you can make an informed decision that aligns with your financial goals and secures the most favorable mortgage terms. 4. Get pre-approved Getting pre-approved for a second home gives you a clear picture of what you can afford and strengthens your position when making an offer. Lenders will review your income, assets and debts to determine an approved loan amount. Consult multiple lenders to compare interest rates and terms. Keep in mind that because lenders may see 5. Find a location and a local agent Once you decide how to use your second home, you can hone in on the best second home locations. Ask yourself: Confirming your reason for owning a second home can help you decide on the perfect destination for your new vacation spot. Choosing the right agent Finding a knowledgeable agent in your target market can significantly decrease your workload in your second home search. You can use their local knowledge to help you with logistics and make an informed decision. Research local agents online, cross-reference reviews and ask for recommendations from your friends and family when possible. 6. Make an offer Buying a second home will be a familiar process if you’re already a homeowner: You make an offer, negotiate, come to an agreement and prepare for closing. Prior to closing, you will: Once your offer is accepted, it’s time to begin the closing process for your new second home. 7. Begin closing After the seller accepts your offer, the second home closing process begins. This process involves several crucial steps: Although closing on your second home may appear overwhelming, a smooth closing is key to turning your house purchase into a dreamy second home getaway.  How do you know if you’re ready for a second home? When considering purchasing a second home, you'll want to evaluate your finances, lifestyle, and market conditions to determine whether it's the right time to purchase — but those factors are just the tip of the iceberg. Here are some of our team's top considerations for those considering a second place of residence. Down payments, interest rates and debt Assess your current financial situation to see if you can comfortably afford a If additional debt strains your financial resources, it may not be quite the Location and lifestyle fit The ideal second home also aligns seamlessly with your lifestyle. Prioritize locations that support your hobbies and desired activities, guaranteeing a frequent and enjoyable retreat. If you like to ski, for example, a Investment or personal escape? When deciding on the main goal for your second home, it's crucial to determine if you're primarily interested in generating rental income, building long-term investment appreciation, or creating a personal retreat. Each of these objectives will significantly affect your approach to buying, managing, financing, and handling taxes for the property. Time investment Owning a second home comes with significant responsibilities. Are you prepared to manage the upkeep of two properties? This includes regular maintenance, potential repairs and the time and financial commitment of traveling between both homes. If not, are you willing and able to hire a property management company or other professionals to handle these tasks?  Remember that delegating these responsibilities will add to the overall cost of owning a second home. Market timing Finally, when looking to take a big step forward in your second home journey, you'll want to look at the home market conditions. Many properties are available in a buyer's market, and buyers have more negotiating power. In a seller's market, high demand and low inventory give sellers the upper hand.  Understanding the current market conditions will help you set realistic expectations, develop an effective negotiation strategy and help you determine if now is the right time to buy.  How do I buy a second home with Pacaso? Now that you know how to buy a second home, it’s time to explore your options. If turnkey luxury and simplicity appeal to you, co-ownership with Pacaso offers a modern alternative to traditional second home ownership. If you’re unfamiliar with Here are 11 steps to follow if you’re wondering how to buy a second home with Pacaso.  1. Find a second home you love From there, you can explore each destination and the homes available within it, picturing what life could look like in every location. Each destination page brings the area to life, showcasing Pacaso homes through rich photography, detailed descriptions, and a true sense of how it feels to live there. Every Pacaso home is hand-selected and 2. Talk to us We’re excited to share all the details about our homes. If you’re not sure which one is best for your needs, we’ll go through each home’s unique attributes and location to help you decide.  You can easily schedule a time to talk with one of our Crew members from any listing details page, or if you have general questions about co-ownership, you’re welcome to get in touch via our 3. Take a tour  Touring is an important step in buying a vacation home. We’ll give you all the information we have about the home, but seeing is believing. While you’re on the call with our Crew member, they can arrange a time for you to tour the home. Buyers can schedule a virtual tour, an in-person tour, or 4. Say yes!       You talked, you toured, you fell in love, and you’ve decided on owning a vacation home! We’ll walk you through the purchase process and paperwork, and our Crew will make sure you understand all the terminology related to co-ownership, such as: We want you to feel confident in the process, so ask as many questions as you’d like. Once you’re ready to proceed, you’ll reserve your share with a 10% deposit. 5. Secure second home financing  If you’re interested in The approval process is straightforward and fast. Once all documents are provided — typically your most recent pay stub, bank statement and tax return — approval takes just a few days. You also have the option to pay all cash or take out a HELOC or personal line of credit through a lender of your choice. 6. Close on your new second home Your journey begins by reserving your share and signing the residential purchase agreement. You’ll submit a deposit equal to 10% of the share price, officially kicking off the closing process.  From there, you’ll receive two sets of documents to review and sign. These include familiar items, such as the inspection report and seller disclosures, as well as Pacaso-specific agreements that outline how the home is managed and owned through our property LLC structure. If you choose to finance a portion of your purchase, our team will work with you to collect the required financial information and keep things moving smoothly. As closing approaches, we’ll schedule a check-in call to review your final closing statement, confirm wire instructions for the remaining funds, and verify that everything is in place, including your first stay date. Once the transaction is complete, congratulations are in order: you’re officially a Pacaso owner. After closing, you’ll transition into onboarding, where you’ll meet your Home Manager, download the Pacaso app, and start booking stays. From there, all that’s left to do is settle in and enjoy your new second home. 7. Get ready for vacation home bliss Congratulations on owning a vacation home with Pacaso! Our commitment to owners doesn’t end at closing. We assign a 8. Book your stays You can begin 9. Experience the ease of fully managed ownership One of the best things about buying a vacation home? It’s all yours! One of the worst things? It’s all your responsibility. The hassles of vacation home ownership can take a lot of joy out of the experience.  Pacaso’s fully managed co-ownership model gives you the benefits of vacation home ownership without all the headaches. We take care of maintenance, repairs and cleaning; manage payments for utilities, insurance and taxes; oversee 10. Flex your ownership muscles Pacaso’s management services are designed to make your ownership experience easier — but that doesn’t mean you don’t have a voice. In fact, you and your property’s co-owners have 100% ownership of the property once all shares are sold, which means your co-ownership group has decision-making authority.   Here’s how this works in practice: Owners can bring major issues about their property to a vote of the co-ownership group, and every share owned holds one vote. A major issue might be a costly property upgrade, like the installation of a hot tub.  To call for a vote, you would get in touch with your home management team. Routine maintenance and necessary repairs (such as replacing a broken dishwasher) are handled by Pacaso and do not require a vote. 11. Feel confident if it’s time to move on We think you’ll love your Pacaso for years to come, but life evolves, and your ownership can evolve with it. If your needs change, you’re free to Why is buying a second home with Pacaso the smart choice? At Pacaso, our goal is to make second-home ownership simpler, more enjoyable, and more attainable — without ever compromising on quality, control, or confidence.  From luxury homes in premier destinations to Whether you’re just beginning to explore or ready to take the next step,

If you invest in a fractional ownership of a holiday home, you'd have the right to use that property for a predetermined number of days or weeks annually. This approach allows individuals to enjoy the benefits of owning premium assets without bearing the full financial burden alone. In this post, you’ll learn what fractional ownership is, explore its pros and cons and get answers to some frequently asked questions. Understanding fractional ownership You’ll typically find fractional ownership for real estate like vacation homes. However, fractional ownership can also come into play for art, stocks and fashion. When owners purchase real estate assets with fractional ownership, they’re issued deeds representing their fraction of the property.  How fractional ownership works It may sound complicated, but fractional property ownership is pretty cut and dry. Here’s how it works: Types of fractional ownership There are two main types of fractional property ownership structures: an entity, like an LLC, and tenancy in common. Fractional ownership through an entity Some properties split ownership by using a structural entity like an Tenancy in common Tenancy in common (TIC) means each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. However, no one person or company is in charge. With a TIC, individuals can own different percentages of the property but share it equally. Some TIC agreements are self-managed. Fractional ownership vs. timeshares Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners.  Benefits of fractional ownership Fractional ownership has many benefits, including shared maintenance costs and upkeep, among others. Here are some of those benefits: Expanded opportunity to own Fractional real estate investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional home ownership gives you a deed to a fraction of the property itself (sometimes called a Usage rights Unlike short-term Shared upkeep and maintenance costs Using the fractional ownership model, you're also responsible for only a fraction of the property's upkeep and maintenance. This includes taxes, HOA fees, repair bills, landscaping, utilities, Lower upkeep and maintenance burden Most fractional When you have fractional vacation home ownership through an entity, it will include preventative and Cons of fractional ownership Though fractional ownership has advantages, there are a few drawbacks to consider.  Fewer financing options Fewer banks provide mortgages for those looking to buy properties fractionally. You may need to shop around or consider other ways to Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which can be a hassle. If you want to sell a fractional property, the other fractional owners must approve the sale, depending on your agreement.  Some fractional property ownership clubs also require you to maintain an agreement with the club or property management company associated with the home, with no option for self-management or management outside the company. Limited travel opportunities While it's not unheard of to own shares in multiple fractional ownership properties in different locations, investing in fractional ownership also means investing in the location you’re going to revisit. Of course, you can still vacation elsewhere, but it's something to factor into your travel plans and budget.  Similar alternatives to fractional ownership Where fractional ownership falls short, Pacaso steps up. Pacaso's professionally managed LLC co-ownership model gives you all the perks and lower co-ownership costs with key differences that set it apart from fractional ownership resort clubs. Unlike fractional ownership resorts, Pacaso offers LLC

Sometimes, you just need to get away.  But how often, and for how long? And where do you like to stay? The answers are different for everyone. Maybe you think of time away from home as an opportunity to explore new and unknown destinations. Or perhaps nothing feels more comfortable than returning to a familiar place where you know what to expect, and you don’t have to search for the things you need. Examining your travel preferences and budget can help you choose accommodations that meet your needs. Three housing options to consider are Here are five questions to ask yourself when comparing your second home options. 1. What’s my budget? Money will likely be an important factor in your decision. The upfront costs associated with a home purchase are much higher than Am I willing to spend time on homeowner tasks? Do you get excited about home improvement projects and bill-payment spreadsheets? Or, when you’re away from home, are utilities and lawn care the last things you want to think about? Below, you'll see how the estimated operating costs of a Pacaso compare to a whole second home, along with the cost of renting a similar rental. Co-ownership can provide a significant cost advantage long-term over both options. *This estimate is based on the typical operating costs of a Pacaso and a similar whole home and is intended for comparison purposes only. How much will I use the home? Do you typically take one vacation a year? Or maybe you’re a Do I plan ahead? Do you sometimes wake up on a Saturday morning, hop in the car and figure you’ll find a place to stay once you reach your destination? Or are you most comfortable making plans weeks or months in advance? When you co-own a Pacaso, a maximum of seven other owners enjoy the home, meaning far less competition for dates. Plus, the SmartStay™ Am I looking for a ‘home away from home’? Are you just looking for a comfortable place to sleep? Do you think of a second home as a blank slate, ready for your artistic vision? Or do you want an always-ready gathering place where you make memories with family and friends? There’s no one right choice for everyone. But if you plan to use your second home several weeks a year, you don’t want the hassles and responsibilities of whole home ownership, and you want your second home budget to go further,

While there’s nothing more exciting than getting ready for a vacation, finding the perfect accommodations can feel stressful. You want privacy, a great view, proximity to activities and something that feels a bit more elevated than a typical hotel room, so you turn to a However, limited availability, last-minute changes and varying property standards can turn planning a getaway into a hassle.  In this guide, we’ll explore the factors that influence Airbnb pricing and availability and explain why Is there a best time to book an Airbnb? If you’re planning an Airbnb stay in a popular location or during peak travel times, like holidays, the earlier you book, the better. The same applies to properties with standout amenities, such as waterfront views, private pools or proximity to iconic landmarks like the Eiffel Tower in You can reserve an Airbnb up to two years in advance. In most cases, booking six months to a year in advance is plenty to secure top properties while still allowing flexibility. If you don’t see your dates available, it may be because the host hasn’t opened their calendar yet. Messaging the host directly can sometimes secure access before the dates officially appear. Last-minute bookings can work if you have a flexible schedule, and booking around four weeks in advance may save money, according to What factors affect Airbnb prices? Many factors affect Airbnb prices, but most come down to timing, location and demand. Just like hotels, Airbnb rates fluctuate based on when you travel, how popular the destination is and what the property offers. Seasonal travel trends, weekend demand, local events, neighborhood desirability and even guest reviews all play a role in how much a host can charge.  Below are the main factors that most directly influence the price of an Airbnb stay:  What do I need to know about cancellation policies? How early you’re comfortable booking often comes down to the cancellation policy, and on Airbnb, property owners have multiple options, such as those related to repairs. As a traveler, be sure to review the property's cancellation policy before booking to ensure it aligns with your travel plans.  While there are many cancellation policy types at Airbnb, here are a few of the most common you’ll encounter. Be sure to read the full policy before booking, as there are some rules regarding partial payments:  A better alternative to Airbnb: Pacaso To avoid Co-owning a luxury second home gives you guaranteed stays in top destinations like the Pacaso

For Nina and Kristian Giordano, owning a beach home in Years ago, during the pandemic, they were staying in a rental near the water. One afternoon, sitting quietly on a balcony, Kristian noticed the beautiful home next door. At that moment, something clicked. Kristian recalls thinking to himself, “Somehow, some way, we’re going to make this happen.” At the time, it felt unrealistic. The home was listed for millions, far outside what they imagined was possible. Still, the idea stayed with them. It became part of their story — a shared dream they carried forward. Years later, Nina stumbled upon the same house while browsing listings. This time, the price looked different. As they researched further, they discovered Pacaso and learned about co-ownership. Suddenly, what once felt impossible felt achievable. “This was our dream house,” Nina says. “And it’s been a dream of ours forever.” A home that fits real life Living just 15 minutes away in La Mesa, Nina and Kristian didn’t want a vacation home that pulled them away from their everyday responsibilities. With four kids, school schedules, sports practices, and family routines were always part of their lives. What they wanted was balance. And with their Pacaso home, they found it. They can spend the night by the beach, wake up to ocean air, and still make it back in time for school drop-offs and afternoon practices. There’s no pressure to “make the most” of every trip, no long drives, no complicated planning. “We love staycations, and I feel like that’s what our Pacaso home feels like. But it also feels like home.” It’s a place where vacation and real life blend together naturally. Every time Nina walks through the front door, she feels it. “The first thing I do is open those doors and just kind of a relief, a sigh.” The view, the light, and the quiet immediately shift her mindset. “You feel like you’re miles away. In reality, we’re 15 minutes from home.” Watch the video to hear what else Nina and Kristian love about their San Diego beach second home. Where family always finds its way back Family has always been the foundation of Nina and Kristian’s lives. “Family is the main reason I exist,” Kristian says. With four children and now a grandchild, their Pacaso home has naturally become the place everyone gravitates toward. It’s where birthdays are celebrated, holidays unfold, and spontaneous weekends turn into cherished memories. Cousins arrive together. Kids bring friends. Aunts and uncles drop by. The house fills with voices, laughter, and shared meals. Big dinners stretch late into the evening. Barbecues turn into all-day gatherings. Beach walks become group adventures. No one feels rushed. No one feels like a guest. “It really, truly feels like home,” Nina says. What they treasure most is the quality of time they spend together. “It’s different here. Quality time with your family is what’s most important. This is creating everlasting memories.” Everyday moments that become traditions Some of the Giordanos’ favorite memories are built around simple rituals. On warm afternoons, Kristian fires up the grill, and kids run in and out of the house while music plays in the background. As evening comes, everyone gathers around the fire pit to roast marshmallows and tell stories. During the summer, nights often end on the rooftop. From there, they can see fireworks from SeaWorld San Diego lighting up the sky across the bay. “We set timers and race upstairs,” Nina says. “Watching fireworks from your own house is pretty magical.” Inside, the home offers just as much comfort. After long days filled with activity, everyone finds their own way to relax. Some curl up with a book on the balcony, while others head to their rooms. Nina often retreats to the primary bathroom for a quiet bubble bath. “After a long, busy day, everybody has a place to relax and unwind.” The home is designed for both connection and privacy — large enough to gather, yet intimate enough to feel personal. A sense of calm you can feel Their primary home is where life happens: early mornings, packed lunches, work calls, homework, and responsibilities. Their Pacaso home is where life slows. “At home, you’re in your routine,” Nina explains. “Here, you walk in and feel like you’re on vacation.” The calm here feels intentional. It’s built into the layout, the light, the view, and the atmosphere. It invites them to pause. “The sense of calm is very different than walking into a house with kids running around.” Even arrival feels effortless. They don’t worry about restocking supplies, cleaning, or repairs. Everything is prepared when they arrive. “I literally bring clothes and that’s it,” Kristian says. “You show up and you’re home.” That simplicity allows them to focus entirely on being present. Opening the door to new experiences with Pacaso Global Swap What started as a beach retreat soon became something more. Through Pacaso’s Global Swap feature, Nina and Kristian began traveling in ways they never expected. In just one year, they stayed in Pacaso homes in Paris, Jackson Hole, Lake Arrowhead, and Newport Beach. Each destination brought new perspectives, and these experiences have reshaped how they think about the future. .“It’s like owning 10 homes instead of one,” Kristian says. “Paris really opened our eyes,” he adds. “It showed us what the next 10, 20, 30 years could look like.” As Kristian steps into semi-retirement and their children become more independent, the access they get with Pacaso Global Swap has become a meaningful way for them to reconnect as a couple. “Family time. Family memories. Forever.” For the Giordanos, Pacaso isn’t just about owning a beautiful property. It’s about how that property fits seamlessly into and enriches their lives. It’s about arriving without stress, gathering everyone in one place, slowing down together, and making space for what matters. When asked to describe their experience, their answer comes easily. “Family time. Family memories. Forever.” From a dream sparked on a balcony to a home filled with generations of laughter, Nina and Kristian’s Pacaso story is about building a legacy of connection — one weekend, one trip, and one memory at a time.

Owner Alison Davis shares how Pacaso helps her family building memories near and far Austin Allison, CEO of Pacaso, sits down with Alison Davis — a Pacaso board member and owner of two beautiful vacation homes — to discuss how co-ownership has enriched her family’s life. Joined by her adult children Tallulah and Felix, Alison shares how her Pacaso homes in Tahoe and London have enabled special place for her busy family to reconnect, host friends and gather with extended loved ones. This intimate fireside chat also highlights prioritizing experiences, create lasting memories, and find meaningful moments together amidst life’s hectic pace. Key takeaways:

Lake Tahoe has always been a special place for Christianne and John. When finances made it difficult for them to continue owning there, they made the heartbreaking decision to sell their home. When the couple discovered Pacaso co-ownership, however, they realized they didn’t have to say goodbye to their dream after all. "The first time we came in and stayed at our Pacaso, I just couldn’t believe the dream had come true for us, in a way that we could’ve never imagined," said Christianne shared. Watch to see Christianne and John’s favorite things about their Tahoe home, plus Pacaso’s due diligence in the community response to co-ownership. Pacaso makes a second home possible and enjoyable for more people.

Jim and Jun wanted to own a second home in Palm Springs, a place they’ve been visiting for years. Jim hadn’t used his previous vacation homes as much as he had hoped, so co-owning made sense to him. Pacaso enabled the couple to make their budget go further and purchase a beautiful home that fits their schedule, supplies all the amenities they need, and offers them true ownership. “This is my property, and I want to take care of it,” said Jim. “We would absolutely [buy] another interest in a Pacaso. It’s a great setup, everything is taken care of for you, and it really fills a niche in the market.” Watch the video to hear what else Jim and Jun love about their Palm Springs second home.

Mike and Rita wanted nothing more than to have a place for everyone in their family to enjoy. From the moment they stepped into their new home, the two grandparents knew immediately they had made the right choice. A Pacaso in Newport Beach was everything they desired in a second home. From the amenities and location to Pacaso’s ongoing support, every detail has made it “feel like home.” Mike and Rita’s calendar is packed with upcoming celebrations, get-togethers and special occasions. “There’s going to be amazing memories made,” said Rita. “As a grandmother, that is my main job. And I think it’s going to be quite easy.” Watch the video to hear what else Mike and Rita love about their Newport Beach second home.

Will and Julia live in the Bay Area, just south of San Francisco in the communities of Redwood City and Menlo Park, respectively. They each have two teenage children, and they enjoy spending time with their combined family in the quieter, more verdant Napa Valley.  “We both have a love of Napa, and we were going up there five or six times a year,” said Will. Over time, we started talking about getting a place there — we were spending a fortune on hotels.”  Even though hotels weren’t cheap, a second home in the Working through the details Julia had some initial concerns and questions about the Will said that Pacaso’s level of service was an important factor in their purchase, giving him and Julia the confidence to move forward. “From the start to today, working with Pacaso at all levels, everyone has been fantastic. If there’s been an issue, they’ve consistently worked through it and found equitable solutions.”  The joy of shared home ownership From their first stay, Will and Julia knew they’d made the right decision. “It was a ‘pinch me’ moment,” said Julia. “I remember thinking, ‘Is this real? Did we really do this?’ And then I said, ‘We’re home!’” Since trading up hotel stays for time at their Pacaso, they can attest to the difference that ownership brings. “Having a piece of something, somewhere, that you can come to and call your own is a wonderful feeling. It’s easy to fall in love with the home and the community,” said Will. And, unlike a hotel, it’s a special gathering place for their loved ones, said Julia. “Being able to come together and make memories with family and friends is one of my favorite parts of owning our Pacaso.” Plus, said Julia, it’s always ready for them when they arrive. “It’s such a benefit being able to come in and have our home be clean and set up with everything we need, and then not having to worry about doing a bunch of cleaning before we leave.” Life at their Pacaso Whether they’re spending time at their second home with family, friends or just each other, the experience is one of ease, pleasure and joy. “We live differently when we’re there,” said Will. “We’ll walk downtown to get croissants, then come back and open up the doors to the backyard and the sun will be streaming in — it’s something else.” Julia added, “Whenever we arrive, Will always says, ‘I can feel my blood pressure drop.’ It’s such a good feeling.”  They like to walk around the neighborhood, strolling through the forest to enjoy the magnificent redwoods, or walking downtown to have dinner or pick up groceries. “The neighborhood is really friendly. Everyone says hello and good morning — it’s a nice, small-town feel.” And if they’re not up for a walk? “Sometimes we just stay at the pool all weekend to relax and rejuvenate,” said Julia. It was during one of those poolside moments that Will realized how fortunate he and Julia were to have this experience of owning a second home: “I brought a lawn chair down to the pool, put the umbrella up, and was reading an Agatha Christie book, drink in hand — it was beautifully sunny, and Julia was next to me, and I was thinking to myself, ‘If this ain’t why we’re living, I don’t know what is.’ It was just a wonderful moment.” Find your second home in California wine country Ready to enrich your life with a second home in Napa Valley? Explore

Before becoming Pacaso owners, frequent travelers Byron and Elizabeth hadn't thought much about buying a second home — at the time, they didn't own their primary residence, and they enjoyed seeing new places. While they liked exploring different towns along the Northern California coast, it took planning. "We were spending a lot of time and energy finding places to stay," said Elizabeth.  They had several friends in St. Helena, a Napa Valley town within an easy drive of their Bay Area home, and they visited the area fairly often. They had toyed with the idea of buying property there, but it didn't seem like a realistic option. "It's really hard to find properties in St. Helena, and a full-time second home wasn't in the cards," said Byron. But then an interesting opportunity presented itself: Some friends of theirs, Jay and Michael, had decided to "sell down" part of their St. Helena home to Pacaso. The home, known as the Poolhouse, was Pacaso's first property, and Byron and Elizabeth had fond memories of the times they'd spent there in the past.  Seizing the opportunity  Being able to buy a share of the Poolhouse seemed like a stroke of good fortune. "Owning a whole second home was a barrier financially, and it didn't make sense for us when we considered the maintenance and upkeep for a place where we wouldn't spend that much time," said Byron.  Co-ownership with Pacaso seemed like an ideal option — they already knew and loved the home and the area, they wouldn't have to worry about any maintenance headaches, and the ability to right-size their ownership provided the flexibility they craved. "We like to travel a lot and didn't want to have to spend all of our vacation time at a second home."  Most importantly, it was financially attainable, with the help of Pacaso's financing option. "Financing made it possible and kept costs down to a reasonable amount. It balanced out to about what we pay for the average weekend a month we spend on a short family trip, or less than what we would spend on a vacation rental." Still, it was a new model, and they needed to feel assured that it worked for their needs. " "Once we understood the transaction and how everything worked, we felt comfortable and it was really a no-brainer at that point,"said Byron. Time in their Napa home Having young children — 3-year-old twins — hasn't dampened Byron and Elizabeth's interest in travel, but it has changed their perspective on second home ownership. "We really like the feeling of ownership over a vacation rental because we get to spend time in a place where we can make memories together. The kids look forward to coming here, and they understand that it's our Napa house and they get to play in the pool and see friends who live up here," said Elizabeth.  And that sense of connection and consistency is unique to ownership, said Elizabeth. "We feel like we're part of the community even though we're part time. You don't get that familiarity and memories at a rental or a hotel. You have a nice time, but there's nothing sentimental or special."  Sometimes those memories are part of the flow of daily life, like meeting up with local friends to watch their son's Little League game at Crane Park. Other times they are moments to cherish, like celebrating the twins' birthday at their Pacaso with both sets of grandparents who they hadn't been able to see in over a year.  And best of all, creating memories doesn't come with any added stress. "Owning our Pacaso is effortless," said Elizabeth. "We don't have to do any extra planning or work, and we know the house will be the same as when we left it. It's turnkey ownership, and we just show up and enjoy ourselves — we don't have to worry about the details."

Pacaso is more than just a place to stay — it's a gathering place where your extended family can create memories made possible only in a vacation home. This is true for Derick and Karen Ball, who found Pacaso's luxury amenities, dedicated property management and exceptional financing to be the perfect fit for their needs. "The memories that we make here, with family and friends — these are experiences that you can’t buy and you can’t get at a hotel,” said Derick. "It’s quantity time, but also the quality time within it." Watch below to learn more about the Ball family and how they create extended family moments in their Pacaso home. Pacaso makes a second home possible and enjoyable for more people.

Chris and Julie previously owned a second home in South Lake Tahoe, using it for family vacations and as a rental. “We love the idea of having a home, but we didn’t need it full time. The workload that went into renting it out — there was a lot,” Chris said. “We did great with it, but it was a lot of work.” They sold the property in 2020 and started looking for a more manageable home on the north end of Lake Tahoe. During their search, they came across Pacaso’s co-ownership program. Chris and Julie were won over by Pacaso’s price, flexibility and amenities, and the true ownership experience stood out. New, comfortable and impressive The couple loved the idea of owning new construction at a price within their budget. “We figured, the new home aspect would be less wear and tear in the long term,” Julie shared. In addition, since Julie and Chris consider themselves as more “summer people,” a new home in a different area of Tahoe would provide more options for enjoyment.  But it’s not just the newness of the property — the couple is amazed by the home’s design and feel. “I think the most difficult part is having to come home to our main home,” said Julie, who’s a fan of interior design. “I love this house, and it is amazing. I think the design team did a phenomenal job.” As owners who had rented out their second home, the couple also appreciates how Pacaso takes care of the maintenance and adds special touches to make them feel at home. “The hot tub, furnishings, outdoor furniture and fire pits are all comfortable. You have everything you need that you can think of, and that makes me feel really good,” said Chris. “We’re going to impress our family and friends whenever we go there. And we’re always going to have a comfortable stay because of that.” Julie added, “It’s really nice just to be able to walk in and not have to do anything.” Julie and Chris aren’t the only ones who are impressed. On a recent stay, the couple’s daughter and dog didn’t want to leave. “That was a really good sign the Pacaso team did well,” Chris said. The perks of true ownership Simplicity and comfort aside, a massive benefit for Chris and Julie was having true ownership in their second home. “There’s a sense of pride when you own a piece of a home. One thing that resonated with me during our last experience was that we did build a lot of traditions,” Julie said. “And it felt nice to have the same place to go to and make it your own. And it is your own.” This feeling of ownership makes their new Pacaso different from other offerings on the market. “I think there’s a lot of misconception out there with it being a timeshare,” said Julie. “It’s not a timeshare — we’re owning a home with eight people. We are able to have access to Tahoe and a beautiful home that we would not be able to afford on our own.” A second home is a special place With more moments on the schedule and plans to pass the home to their daughter, the couple views their Tahoe home as more than just a second home — it’s about going to a beloved destination that holds special meaning in their family. “I think our second home is an extension of our primary home and an extension of our family,” said Chris. “We can’t say that about our current home as much as we love it, because — at some point — you transition out of your primary home. But with a second home, it’s always going to be a place we go to that matters.” Look forward to coming to Tahoe Looking for a place to make memories in Lake Tahoe? When you co-own a Pacaso, you enjoy hassle-free ownership in a beautiful property that feels like home — because it is. Check out our

For Susan and Jason, Napa Valley had long felt like a home away from home. They live less than two hours away in Burlingame, and wine is Jason’s business — in fact, he owns a wine bar, and frequent trips to Napa and Sonoma Valley are part of the job. But wine country means more than that to the family, said Susan. “Jason is in the wine industry, so Napa is important for that reason, but we also love the community and the change in pace of life it brings while we’re there, so it has a lot of sentimental value for us.” From ‘maybe someday’ to ‘let’s do it!’ They had thought about a second home in Napa, but the idea never went anywhere. “We’d been considering it for years, but the most we ever did was look online, and we always had the same conversation,” said Susan. “It seemed like a lot of upkeep and maintenance considering our busy jobs and lives. How often are we going to use it? Is it worth it? And then this home showed up online and we realized it was partial ownership and we thought that seemed ideal.” Although they hadn’t heard of Pacaso, they understood the concept. “We have friends in Tahoe who own a fractional property, so we were familiar with the idea. Jason was able to tour in person and took me along via FaceTime. We decided that night, and it wasn’t a hard decision! We loved the property and it seemed like a minimal risk for what we would get out of it.”  What they would get was space, true ownership in a home, and an opportunity to put down roots in an area they loved. “When you have a family and go on vacation, you end up cramming four people in a hotel or paying for a suite or multiple rooms each time,” said Susan. “That’s not nearly as appealing as having space for not just family, but also friends, and being able to own it and sell it — those were all the things our friends loved about their Tahoe place, which, in part, is what convinced us to move forward with Pacaso.”  A short drive, a world away Getting out of the city and having a place to relax, with minimal effort, is a dream come true, said Susan. “Being able to just pack up and be there in under two hours is wonderful. You just feel the stress melt away as you get closer to the house.”  Susan and Jason’s Pacaso is situated on an acre and a half in a neighborhood they described as almost farmlike. “It’s close to downtown but you feel like you’re in the middle of nowhere. The kids love to walk down the drive and feed the goats across the street. We live in a city, so having all this space, a pool, playing bocce ball, making s’mores — it’s great, and the kids don’t want to leave.” In addition to making friends with the neighborhood goats, the family looks forward to developing closer connections within the Comfort and ease Leisurely days spent by the pool or exploring local parks are possible in part because Susan and Jason don’t have to invest time and energy in the home itself. “The house is very thoughtfully appointed, and the fact that we don’t have to worry about the maintenance is even better,” said Jason. “From our first stay, it immediately felt very comfortable, and there was clearly a lot of thought put into the way the home was stocked from appliances to glassware and bedding. The personal touches like games are really nice too.” Susan added, “There’s a lot less screen time when we’re there because there’s so much other stuff to do, like playing family games.” The themes of home, ownership and ease have been core to Susan and Jason’s And for Jason, the consistency you can expect from a home you own offers peace of mind — especially when you don’t have to deal with the hassles yourself. “There’s a comfort level in going back to the same place — you know where everything is, you know how to work the TV and the pool and set everything up the way you want it. But we’re not responsible — it’s the actual joys of homeownership.”  Make Napa your second home destination Pacaso puts second home ownership within reach for families, with listings in some of the most desirable destinations. And our Family-Friendly Second Homes™ make it easy to just show up and relax — from cribs and high chairs, to games, pool floaties, streaming services and more, we have you (and your kids) covered. Check out our

Market trends in global luxury real estate: 3 rising retreats For 2025, buyers are paying attention to market trends in global luxury real estate while zeroing in on places that deliver an extraordinary everyday rhythm. Carmel, Santa Barbara and Breckenridge check that box with rare settings, strong lifestyle draws and a growing selection of high-design homes available through co-ownership. Below, see why each destination is trending, how the broader market supports thoughtful acquisitions, and where Pacaso fits your plan. The luxury market shows steady momentum in 2025, with median prices for single-family luxury homes up 1.8% year-over-year and 8.0% versus 2023. Inventory has reached a two-year high, giving buyers more choice and negotiating power. Globally, the category is projected to grow at a 6.9% CAGR through 2035, with North America accounting for about 30% of market share. These market trends in global luxury real estate are fueling interest in lifestyle-led destinations like Carmel, Santa Barbara and Breckenridge. Why Carmel is trending for 2025 Carmel pairs cinematic coastline and acclaimed dining with access to Santa Barbara’s Mediterranean pace and culture Framed by ocean and mountains, Santa Barbara blends refined dining, a lively arts calendar and quick access to Breckenridge for four seasons of alpine living With How co-ownership fits these markets Pacaso co-ownership aligns with these destinations by matching high-use lifestyles with right-sized ownership. You enjoy equity in a real home that is professionally designed and furnished, plus intuitive scheduling that supports frequent stays. For a deeper overview of how it works, see Pros and cons by destination Which destination fits your lifestyle If you picture quiet coastal mornings and gallery strolls, vacation homes in Carmel deliver a refined, low-key rhythm. For terrace-to-beach living with culture in every direction, luxury homes in Santa Barbara lead the list. If your calendar is built around ski days and summer trails, Breckenridge vacation homes offer a year-round mountain base. In each, market trends in global luxury real estate favor thoughtful buyers who value setting, design and time well spent. Explore Pacaso homes in these markets Ready to see more in each destination? Browse

Beautiful American cities attract big businesses, and big businesses pay well for top talent, making metropolitan areas flush with million-dollar homes. But which cities lead the high-priced real estate pack? A 1. San Jose, CA Located in the heart of Silicon Valley, San Jose is the hotspot for 2. San Francisco, CA Just north of Silicon Valley, San Francisco has 42% of its homes valued at over $1 million. But the size of million-dollar homes in San Francisco varies widely depending on location and condition, with 700-square-foot condos in popular neighborhoods going for $1 million, and suburban homes with close to 3,000 square feet listed at the same price. The neighborhoods with the highest appreciation in San Francisco are just east of Lake Merced and bordering San Francisco State University.  3. Los Angeles, CA Are you starting to see a California trend? Los Angeles has long been known for pricey real estate, and its selection of million-dollar homes make up 19% of the market. The average size of million-dollar homes in the City of Angels is 1,720 square feet, with 92% of them built before 1999. The priciest neighborhoods include Bel Air, Brentwood, West Sunset Boulevard, and areas along the Pacific Coast Highway.  4. San Diego, CA San Diego continues the trend of expensive West Coast real estate, with 14% of the homes valued at over $1 million. Median home values in San Diego are around $665,000, with the majority of homes in the area priced between $596,000 and $894,000.  5. Seattle, WA Seattle’s 91% white-collar workforce is a contributing factor to having 11% of its homes valued at a million dollars or more. You’ll find the most expensive neighborhoods near Edgewater Park/Broadmoor, Laurelhurst, and East Roy Street at 24th Avenue East. Newer construction dominates the scene, with nearly 24% of all homes built since 2000.  6. New York, NY New York City is known for its expensive real estate, so it’s no surprise that the Big Apple made this list: 10% of homes are valued at a million dollars or more. But unlike many other urban areas in the U.S., New York’s dense population means that 95% of the city’s homes are apartments, not detached houses. One-bedroom apartments make up 39% of those units, and it’s rare to find a home with five bedrooms or more in the city.  7. Boston, MA In Boston 9% of the housing inventory is valued over $1 million. You’ll find Boston’s priciest real estate at Beacon Street near Fisher College and Boylston Street near Presidential Plaza. Boston is known for its history, and it’s not just monuments and museums — in fact, 50% of the city’s real estate was built before 1940. As a college town, Boston also has a high percentage of renters, with only 33% of homes occupied by owners. 8. Washington, D.C. Like Boston, Washington is a hotspot for American history, but with a larger inventory of newer construction homes: 34% of homes in the district were built before 1940. Million-dollar homes make up 7% of the D.C. real estate market, with Dupont Circle’s historic mansions, Georgetown and The Palisades among the city’s most expensive neighborhoods. Typical home values range from about $236,000 to $1.2 million, with no single price bracket cornering the D.C. market.  9. Miami, FL With glamorous mansions lining its waterways, million-dollar homes are part of Miami’s scenery, making up nearly 5% of the city’s homes. Miami also has some of the newest homes, with 27% of its housing constructed after 2000. Up-and-coming Miami neighborhoods include Buena Vista, City Center and Biscayne Boulevard at Miami Dade College.  10. Denver, CO The Rocky Mountain gem of Denver rounds out the list with 4% of its market consisting of million-dollar homes. Home values are pretty evenly distributed between $122,000 and $914,000, with 86% of them falling in this range. The city is also divided nearly equally between owners and renters, at 49% and 51%, respectively.

Time to celebrate—Pacaso is turning five! In just five years, we’ve broken new ground in the second home market and introduced a model that is reshaping real estate. None of it would be possible without our team of innovators, thought leaders, and most importantly, our incredible owners. As we look ahead to the next chapter, we remain grateful to the community that fuels our success and inspires us to keep innovating and raising the bar. Thank you for being part of our journey. Now, let’s take a look back at the milestones that made our first five years so memorable. Here’s to the next five years of memories, meaningful connections, and innovation. The best chapters of the Pacaso story are still to come.

Luxury real estate trends: Paris & London 2025 Luxury real estate trends in Paris and London point to a year of selective growth, more choice at the top end, and faster deal timelines. For a second home, that translates to better access to prime addresses and turnkey quality in both cities. Globally, prime prices rose 2.8% year over year in Q1 2025, underscoring steady demand for high-caliber homes in world capitals. Pacaso makes ownership in these prestigious markets more attainable through fractional ownership. Instead of buying an entire property, buyers purchase a share of a luxury home in Paris or London. This approach lowers costs while preserving the benefits of equity, appreciation, and personal use, making world-class real estate more accessible to second-home buyers. Paris in 2025 market signals buyers should watch Paris rebounded decisively to start 2025. Lower mortgage rates below 3% and stable pricing have doubled the pool of active buyers and shortened timelines, especially for renovated, move-in-ready residences in prime districts. That momentum is also evident on the Left Bank, where Saint-Germain combines classic architecture with updated comforts, a profile exemplified by Beaux Arts. Set steps from galleries and the Seine, London in 2025 pricing, policy and prime demand London is set for modest 2025 gains of about 2%, supported by strong cash-buyer demand and improving choice at the top end. Across luxury segments, inventory is at a two-year high, with single-family listings up 40.4% and multifamily up 42.6% year over year. Price performance is bifurcated: the best-designed, turnkey listings still command premiums, while buyers have more room to negotiate on homes needing updates. For everyday access to Key luxury real estate trends shaping buyer choices Paris vs London lifestyle essentials for a second home Paris offers How co-ownership supports 2025 buyer behavior Today’s buyers value time and certainty. Pacaso co-ownership provides access to high-demand neighborhoods with professional management and streamlined scheduling, so you spend your time enjoying the city rather than handling home logistics. In Paris, that can look like a classic Left Bank address steps from museums, cafes and the Seine, such as What it means for your next move Here is the bottom line for 2025. Paris is accelerating, with faster transactions in top districts and a broader base of active buyers. London should post around 2% annual growth with more inventory at the high end, giving shoppers greater choice. With global prime prices trending higher and considering these luxury real estate trends, selecting a property that is truly turnkey and well-located remains the clearest path to lasting enjoyment. Ready to explore prime addresses in two world capitals? Browse Pacaso listings in

Luxury home buying in a stabilizing market Luxury home buying is entering a more balanced phase across flagship destinations, and the shift is reshaping luxury real estate market trends. In Paris, Q1 2025 transaction values rose 69% as rates dipped below 3% and buyers returned. London’s prime addresses faced sharp price adjustments and rising inventory, creating room to negotiate. Cabo posted one of its strongest quarters on record, while select U.S. resort hubs show more listings and longer decision windows. In Miami, most April sales closed below asking, another sign of cooler conditions and buyer leverage. What market stabilization means for luxury home buying Stabilization is showing up in three ways: more choice, more time and more precision on price. For luxury home buying, these shifts translate to improved selection, pacing and pricing clarity. Prime central London listings rose nearly 16% year over year, stretching time to sell and shifting power to buyers. In Miami, a larger share of sales closed below ask, signaling realistic pricing wins. In Vail, nearly 45% of active listings saw price reductions in the 2025 summer window, reinforcing the value of disciplined offers and well-priced, move‑in ready homes. Signals by destination How co-ownership performs in a cooler market With luxury real estate market trends pointing to steadier pricing and more selection, co-ownership offers a precise way to align use with value. Pacaso provides professionally managed, designer furnished homes in blue chip locations, so you enjoy the lifestyle and avoid the burden of sole ownership. In a market that rewards optionality and speed, coordinated scheduling and local care teams keep your time focused on experiences, not logistics. For Cabo days centered on golf, water and dining, In the Rockies, Next steps for buyers If you are evaluating luxury home buying across stabilized markets, start by shortlisting destinations with clear usage fit and resilient demand drivers. Browse Pacaso listings in

With summer winding down and the year’s midpoint behind us, the luxury real estate landscape looks clearer, and brighter, than it did just a few months ago. Buyers and sellers are navigating calmer waters: prices at the high end have held steady, interest in co-ownership keeps climbing, and industry trends point to more meaningful travel. Here are some key takeaways  as we head into the second half of 2025, and why the outlook for second-home owners has never felt more promising. When we launched Pacaso in 2020, many buyers still assumed “real” ownership meant holding 100% of a home, even if it was rarely used.. That mindset is changing fast. In Cost and ease of management are the main drivers behind co-ownership. Though overall home sales cooled in early 2025, the top of the market keeps defying gravity. High-end properties outperformed every other price segment in 2024 and Q1 2025, according to Realtor.com’s What’s driving demand? A combination of strong stock-market returns, limited home inventory in some markets and the appeal of tangible assets you can Global living isn’t just for digital nomads. London is a prime example. Beauchamp Estates reports U.S. citizens now account for roughly That global appetite is why Pacaso is expanding beyond North America. We’re continuing to focus on adding more Pacaso homes in Europe, bringing our seamless co-ownership model and simplified transaction process to some of the world’s most coveted vacation destinations. Whether you’re traveling or buying a home, experience is quickly becoming the true measure of luxury. This same experiential mindset is reshaping real estate: “The feeling a home delivers matters as much as the address,” observes Tammy Fahmi of Sotheby’s International Realty—a change that’s prompting buyers to pay premiums for properties aligned with their lifestyle ideals ( Luxury real estate is evolving on two parallel tracks: shared ownership is accelerating, and lifestyle-led demand is strengthening at the high end. Together, those forces create an unprecedented opportunity to enrich your life through the purchase of a second home. Pacaso takes the complexity out of second home ownership, giving you effortless access to extraordinary properties around the world. Whether you’re eyeing a Austin Allison CEO and Co-founder of Pacaso

While the real estate market has slowed down after the pandemic-driven surges of 2020 and 2021, many popular luxury vacation destinations across the country continued to see a rise in second home demand in 2022. In this year’s Top Second Home Markets Report, we reveal the top 10 luxury second home markets of 2022. These are the markets across the US that saw the biggest upticks in second home buying activity.  “Despite a national cooling in residential real estate, we’re finding that the To determine the top U.S. markets, Pacaso analyzed second home mortgage rate lock data — an indicator of second home buying activity. Here are the 10 U.S. counties that saw the biggest increases in the share of second home mortgage rate locks for homes priced above $1 million.  “What’s interesting here is that many of the counties that saw the largest year-over-year shift toward second home buying activity this year are already regarded as luxury top second home destinations,” said Austin. “Places like Napa, Kauai, and New York City all made the list this year. In previous years, lesser known Compared to last year, sought-after destinations in Utah, Florida and California saw the biggest gains in the number of people purchasing luxury second homes. In Washington County, Utah, where the average second home price was $1.3 million, the share of luxury second home mortgage rate locks was up 10.3% year-over-year — the largest increase in the country. Home to Osceola County, Florida (6.1%), and Nevada County, California (4.5%), also saw the biggest year-over-year share increases among the top markets. Osceola County is situated just south of Orlando and is in close proximity to Florida’s famous east coast beaches.  Nevada County, home to Truckee, is situated in the Sierra Nevada mountains and is a short drive from the world-class ski resorts of Lake Tahoe. With demand and prices for second homes continuing to rise in many areas, co-ownership offers a smarter and more responsible option for buyers looking to make memories now in a second home. Pacaso has co-ownership listings in over 40 world-class destinations. Browse Pacaso identified the top U.S. luxury second home markets by selecting the 10 counties with the highest year-over-year increases in second home mortgage rate locks between January 1 and December 6, 2022. Counties without at least 50 second home transactions in the period, as well as those with second home mortgage rate lock share below 10%, were excluded from the analysis.  Luxury second homes are defined as homes sold for $1 million or more that are designated for seasonal and/or recreational use. Mortgage rate lock data is an indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. Second home mortgage rate lock transactions and average second home purchase price data were sourced at the county level. 

Second home market trends: Key takeaways Second home market cooled in summer, but still relatively hot Across the nation, second home rate locks — a proxy for second home transactions — increased throughout the pandemic, peaking in summer 2020 and again in spring 2021, but falling 26.6% year over year this past summer. Despite this recent cooling of the pandemic-fueled second home surge, overall market share of second homes is still up from pre-pandemic levels.  From 2017 through 2019, second home transactions averaged a 3.8% quarterly market share of all rate locks. As of summer 2021, that percentage was up from pre-pandemic levels, with second homes comprising a 4.3% market share. “A year ago as Pacaso was preparing to launch, we wanted to better understand the second home market, and quickly realized there was a massive gap in local, timely second home data,” said Pacaso CEO Austin Allison. “It’s estimated that there are nearly 10 million second homes in the U.S., and with pandemic-driven shifts that have allowed people greater flexibility around where they live and work, we expect to see this number continue to grow. The second home housing market represents a significant subset of the market that is critical to watch in order to fully understand the U.S. housing market.”  The Pacaso Second Home Market Report, which analyzes timely and localized data for the top 50 second home markets, is a composite including property use and mortgage rate lock data. It includes counties with a percentage of seasonal homes and median home values at or above the top 20th percentile. Mortgage rate lock data is a leading indicator of consumer second home buying activity. Transaction volumes decreasing, but home prices up across top 50 markets Most of the top vacation destinations are seeing second home mortgage rate locks decline, but prices remain highly elevated and continue to rise. All but one county tracked in Pacaso’s report saw double-digit price growth in second home purchase prices this past summer. Kauai, Hawaii, saw the highest growth, with a median purchase price of $1.25 million, up 83.3% compared to a year ago. The island of Kauai has seen Wasatch County, Utah, and Gunnison County, Colorado, also saw sharp increases in second home purchase prices, up 53.9% and 53.2% respectively year over year. Prior to this spike, Wasatch County historically had a lower median second home price than neighboring Summit County, Utah, which is home to popular resort town Park City. Meanwhile, Gunnison County, located in the Colorado Rockies and home to ski resort Crested Butte, still has a lower median second home price than neighboring Summit County, Colorado, which is home to a number of famous ski destinations like Breckenridge, Keystone, and Copper Mountain.  Of the top 50 second home destinations analyzed, 46 saw a year-over-year decline in transaction activity in the summer months. However, trends in four second home markets stood out as exceptions:  Demand is creating a new wave of second home markets “It’s clear that there’s been a sea change not only in where people live and work, but also where they choose to get away from it all. The market looks completely different than it did two or three years ago,” said Pacaso CEO Austin Allison. “It used to be that major metros were the primary hotbeds of real estate activity, and now we are seeing double-digit price growth across the entire U.S., and intense interest in second homes in places like Boise, Idaho, and Eagle County up in the Colorado Rockies. This widespread demand is creating a new wave of second home markets with more moderate median home prices but the same types of amenities and outdoor recreation options typical of their more famous counterparts.” At the other extreme, El Dorado County, California saw the biggest decline in second home mortgage rate lock volumes, down by 62.5%, which was almost certainly related to this summer’s wildfires in Lake Tahoe. Cass County, Minnesota (-60.7%), Chelan County, Washington, and Beaufort County, South Carolina were just behind, both down 59% year over year. Most of these markets posted extreme growth the year before, which was not sustained.  Methodology Pacaso identified the nation’s top second home markets by compiling census data on counties with a percentage of seasonal homes and median home values at or above the top 20th percentile and by excluding those below the bottom 10th percentile of counties with the fewest households. Counties without at least 20 second home transactions in the period were also excluded from the analysis. Pacaso then analyzed real estate activity in the top second home markets by observing mortgage rate lock data, a leading indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. Second home rate lock transactions and median purchase price data were sourced at the county level with the months June through August 2021 comprising the “summer” period in this analysis. 

Gain insights from industry experts on the latest in capital markets and what’s to come in tech in Pacaso's recent webinar hosted by co-founder and former Zillow CEO Spencer Rascoff. Jane Dunlevie, Global Head of Internet Banking, and Danielle Freeman, Managing Director, Equity Capital Markets, from Goldman Sachs joined Pacaso co-founder, former Zillow CEO, and Goldman alum Spencer Rascoff. Together, they discussed the 2024 capital markets outlook, explore IPO windows, and analyze the current landscape of tech stocks.  A few key takeaways included: Click

More people are buying second homes than ever before. Although the pandemic-induced buying frenzy slowed in 2021, second homes purchases remain historically high. In popular vacation destinations across the country, demand continues to rise, as do prices, with nearly all top markets seeing To determine the “We know that the pandemic fueled a major surge in second home buying demand, and that national demand peaked in the Rural southeast counties had highest rates of growth In addition to revealing the top second home market in every state, the analysis also highlights the percentage of growth each market has seen over the past year. Perhaps surprisingly, Top 10 markets with biggest increases in share of second home rate locks in 2021 High-priced markets more likely to see declines in rate locks Some markets, despite their popularity, experienced significant declines in their share of second home sales. Dukes County, which includes Martha’s Vineyard and 10 other islands off the southeast coast of Massachusetts, is the top second home market in that state. Still, it saw the biggest year-over-year decline in second home share among all top 50 markets that made the list, down 19.4% from last year. With an average second home price of $1.6 million, Dukes County is also one of the most expensive markets.  Price increases and limited inventory may have contributed to the annual decrease, as well as the emergence of other, more affordable markets with more inventory. Teton County, Wyoming — home to the popular Jackson Hole ski resort — has the highest average second home sale price of all the markets on the list: $3.4 million. It also saw a moderate dip in the share of second home mortgage rate locks, down 7.9% from last year.  Find your second home with Pacaso With prices and demand for second homes continuing to rise in many areas, co-ownership offers a more accessible, simpler option for would-be buyers. Pacaso has co-ownership listings in destinations across the U.S. and in Spain, and is rapidly expanding to new markets. Methodology Pacaso identified the top second home market per state by selecting the county with the highest total percentage of second home mortgage rate locks between January 1 and October 13, 2021, in each state. Counties without at least 50 second home transactions in the period were excluded from the analysis.  Mortgage rate lock data is an indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. Second home mortgage rate lock transactions and average second home purchase price data were sourced at the county level. 

San Diego has beautiful landscapes, great weather and vibrant culture in equal measure. And no matter what area you see yourself living in, there's a place that's perfect for you in one of the best neighborhoods in San Diego. Want to live close to the beach so you can go surfing whenever you have a free moment? Look for a place in Encinitas. If you love the nightlife, a vacation home in the East Village can help you maximize your time at the clubs and bars.  Discover more of our top picks for the best neighborhoods to live in San Diego below. 1. La Jolla La Jolla is quintessential California living and one of the best neighborhoods to live in San Diego. It's close to some of the La Jolla is also one of the quieter parts of the San Diego area and features some great recreation opportunities at La Jolla Cove and Torrey Pines State Reserve. For young professionals, retirees and families, it's a perfect fit for a While La Jolla isn't the most walkable part of San Diego, there are still lots of places for you to walk, including shopping and natural areas. We recommend strolling the 2. Mission Bay  The Mission Bay area truly embodies 3. Encinitas Encinitas was named one of the 50 If you've never surfed before, book a lesson at 4. Ocean Beach Ocean Beach gives you pretty much everything you could want when you're looking for the best neighborhoods to stay in San Diego. It's close to the water and only a few miles from downtown, making it an excellent choice for those who can't decide between living in the 5. Barrio Logan For authentic city vibes and the excitement of an up-and-coming community, you can't do any better than Barrio Logan. Nestled just outside of the downtown area, it's full of converted warehouses that are home to some of the city's best artists, galleries, breweries and restaurants.  If you're a young professional or like to be where the old meets new, Barrio Logan is where you need to be. Barrio Logan's proximity to the border also makes it perfect for anyone who loves traveling to 6. Little Italy If you're a full-on foodie, you want to be in Little Italy. From classic restaurants like Along with great eateries, Little Italy is home to a bustling Saturday 7. East Village The East Village neighborhood has seen a lot of change — what was once a rundown area full of warehouses east of the Gaslamp Quarter is now one of the best neighborhoods to stay in San Diego. It’s home to the 8. Hillcrest As one of San Diego's oldest neighborhoods, Hillcrest has something for everyone. It's one of the city's LGBTQ+ hubs (San Diego's Pride Parade takes place there every year) and a magnet for artists.  It's located next to 9. Pacific Beach The Pacific Beach neighborhood is ideal for California beach living. Take a stroll (or skate or bike) along the boardwalk, go surfing, head to SeaWorld with the family or grab some authentic tacos.  Pacific Beach really comes alive at night as one of the party hotspots for college students in the area. If you're searching for a neighborhood with everything you need to have fun and relax, you can find it in Pacific Beach. 10. Carlsbad Carlsbad is the type of tourist town where you actually want to have a Whether you're looking for a 11. Imperial Beach Imperial Beach is right across the border from Tijuana, Mexico. The Pier Plaza is great for watching the water, the surfing in the area is excellent and you can even ride horses on parts of the beach. The wildlife refuge at the 12. North Park North Park is at the top of the coolest and best neighborhoods in San Diego for many reasons. It's stuffed with vibey cafes, photo-worthy eateries, hip bars and breweries and one-of-a-kind boutiques and gift shops. But it isn't all go-go-go in North Park; 13. Kensington Founded in the early part of the 20th century, Kensington is a true local neighborhood. That means the community is tight-knit, friendly and home to hidden gem restaurants, cafes and shops. If the idea of living in a walkable part of the city that’s quiet and a little removed from some of the glitz and glam (while still being a short trip away from downtown or the beach) sounds ideal, check out Kensington. 14. Oceanside Oceanside is experiencing a rebirth as a distinct neighborhood that brings everything from surfing to cuisine together in a fun, photo-worthy package. At the northern tip of the city, Oceanside is home to some of the largest beaches in San Diego and is one of California's Cultural Districts that highlights unique local artists and homegrown culture. As a gateway to the city, it has a little bit of everything people think of when they think of San Diego. 15. Old Town Old Town is a great choice of neighborhood for people who aren't sure exactly where to live in San Diego because it has a great variety of things to do. Its mixture of authentic Mexican restaurants, historic buildings at the Old Town San Diego State Historic Park and 16. Coronado Coronado is located on Coronado Island and connected to San Diego via the San Diego-Coronado Bridge. This island community is known for its wide sandy beaches, charming streets and relaxed pace of life.  The neighborhood is anchored by the iconic With its calm atmosphere, excellent schools and postcard-worthy scenery, Find your future home in San Diego with Pacaso Visiting San Diego is always a treat, and the more time you spend there, the easier it will be to find the best neighborhoods in San Diego that are a perfect fit for your lifestyle. The city is one of the When you're looking for a

Beyond the tourist facade of the City of Love lies a collection of vibrant neighborhoods, each offering a unique slice of Parisian life. That said, finding the best places to live in Paris can feel overwhelming due to the sheer number of neighborhoods and lifestyle options.  To help, we’ve picked the 11 best neighborhoods to live in Paris. Whether you’re looking to How Paris neighborhoods work (quick primer on arrondissements) Paris is split into 20 distinct districts called arrondissements. These arrondissements are arranged in a snail-shell shape, starting in the middle and winding outward. The first arrondissement sits in the center near the Louvre, and the higher numbers sit on the city edges. You’ll want to keep this simple system in mind when deciding which arrondissement to choose in Paris. The River Seine cuts the city in half to create the Left Bank and the Right Bank. The Left Bank ‌is filled with historic charm and artistic areas. The Right Bank feels more fast-paced and modern. Finding the best area to stay in Paris for you comes down to matching the neighborhood to your lifestyle rather than prestige.  You can explore our Best places to live in Paris at a glance Use this list to quickly find the best neighborhoods to stay in Paris for your specific needs. 1. Le Marais (3rd & 4th Arrondissements) Le Marais is a historic district known for its trendy boutiques, art galleries and thriving LGBTQ+ scene. The winding streets have centuries-old mansions that owners have turned into stylish shops and apartments. You can step into the lively atmosphere of Place des Vosges or admire the exhibitions at the Centre Pompidou. The Le Marais area is an excellent location for a second home because of its walkability. You rarely need public transport when the best bakeries and shops are right downstairs. The neighborhood stays active all year, so you never arrive at a quiet or empty street. 2. Saint-Thomas-d'Aquin (7th Arrondissement) Saint-Thomas-d’Aquin offers a calmer and more residential version of the Left Bank experience. The neighborhood is known for its elegant Haussmann buildings, art galleries and proximity to some of Paris’s most important cultural landmarks. Streets here feel polished and quiet, with fewer crowds than nearby Saint-Germain-des-Prés while still being close to cafes and shopping. For a second home, Saint-Thomas-d’Aquin appeals to buyers looking for privacy and convenience in a central location. You are within walking distance of the Seine and major museums, yet the atmosphere remains relaxed and residential. The neighborhood feels distinctly Parisian without the constant tourist traffic found in more famous areas. Interested in exploring Pacaso’s luxury homes in Saint-Thomas-d’Aquin? Check out our 3. Saint-Germain-des-Prés (6th Arrondissement) Saint-Germain-des-Prés is known for the classic Parisian experience and served as the meeting place for famous writers and philosophers throughout the 20th century. You can still feel that history today while sitting at iconic spots like Café de Flore or Les Deux Magots. The streets are lined with luxury fashion boutiques and historic churches like the Saint-Germain-des-Prés is arguably the most desirable location for a second home in Paris. You get the safety and quiet of a residential area, along with the excitement of the city center. Living in the 6th means you can start your morning with a run in the Jardin du Luxembourg and end it with a glass of wine on a terrace. That is why you’ll find so many Pacaso homes here, including our listing on 4. Latin Quarter (5th Arrondissement) The Latin Quarter is steeped in academic tradition and bohemian culture. You’ll find the prestigious Sorbonne University and many charming bookstores in this neighborhood. The neighborhood is often considered one of the best places to live in Paris for students because of that academic energy. The lively student population means the cafes and bistros stay busy all year. The 5th Arrondissement works well for a second home because it balances deep history with youthful vibrancy. You’re buying into a part of the city that feels truly ancient and authentic. You can stroll along the narrow streets as you admire the Gothic architecture of the Sorbonne or relax by the serene waters of the Seine River.  5. Montmartre (18th Arrondissement) Montmartre sits high on a hill, allowing for some of the best views in the city. The area is also famous for its artistic history and bohemian atmosphere. You’ll find places like the iconic 6. Canal Saint-Martin (10th Arrondissement) Canal Saint-Martin is a trendy neighborhood known for its beautiful waterway and lively street art. You’ll find spirited bars and restaurants packed with locals here. The area ranks as one of the best places to live in Paris for young adults because of its laid-back atmosphere. You can rent an electric boat, stroll along the iron footbridges or just relax at a cafe by the water. The Canal Saint-Martin district fits those who want to live like a local. You get a genuine sense of local life here. The vibe blends hip urban culture with natural beauty. You might also find that homes are often priced lower than in the city center, so you can often get more space for your money. 7. Passy (16th Arrondissement) Passy is one of the most affluent and secure neighborhoods in Paris. The area features elegant Haussmannian architecture that lines peaceful residential streets. It has a distinct village atmosphere that feels removed from the chaotic tourist centers. The 16th Arrondissement borders the massive Bois de Boulogne park. Residents enjoy immediate access to expansive green spaces for walking and relaxation. A second home in Passy works well if you want a sophisticated vibe with a strong sense of community. You can indulge in high-end shopping along the bustling Rue de Passy or explore local food markets. Living here means you experience the polite and polished side of Parisian life. 8. Madeleine (8th Arrondissement) If you love the glitz of high-end living, then you’ll find that magic in Madeleine. The streets are packed with world-class fashion houses and some of the best fine-dining spots in the city. You can spend your afternoons wandering past the massive columns of the Madeleine is a great central spot to choose for a second home in Paris. You’re very central to the 9. Trocadéro (16th Arrondissement) Trocadéro has one of the best views of the Eiffel Tower in the area. You’ll have many opportunities to enjoy it thanks to its wide avenues and stately stone palaces. You can spend your afternoons wandering through the formal gardens or visiting the museums inside the Palais de Chaillot. It’s also close to the majestic Bois de Boulogne for morning walks or weekend picnics. The area is a fantastic choice for a second home for a peaceful retreat that still feels prestigious. Many international buyers prefer this district because it’s safe and feels like a true residential community. 9. Louvre/Tuileries (1st Arrondissement) You’ll find yourself in the exact center of the city when you stay in the 1st Arrondissement. That means world-class treasures like the Louvre Museum and the Palais Royal are right at your doorstep. You can spend your mornings strolling through the manicured Tuileries Gardens or browsing the boutiques along Rue de Rivoli.  The district is an incredible choice for a second home because you have much of the city within walking distance. You’ll love how easy it is to reach any other neighborhood since the main transit lines all meet here. 11. Bastille (11th Arrondissement) The 11th Arrondissement is on the lively side of Paris. Here, streets are packed with fashionable cafes, hidden galleries and some of the best nightlife in the city. The area around Place de la Bastille has a youthful energy that makes it a favorite for those who want to experience the city like a local. Bastille is a great choice for a spacious, lively second home without the cost of more central neighborhoods. You can easily spend your mornings at the busy local markets or take a short stroll down to the Seine River. It also stays lively all year long, unlike some tourist-heavy areas. 12. Bercy (12th Arrondissement) If you prefer modern architecture and wide-open spaces, you’ll enjoy living in Bercy. The neighborhood is home to ‌Parc de Bercy, a massive green space built on the site of old wine storehouses. You can spend your days wandering through the gardens or exploring the nearby Bois de Vincennes.  You can also catch a world-class show at the The district is a great option for a second home with modern comforts and local charm. Living in the 12th Arrondissement feels quieter and more open than the busy center. Many buyers also appreciate the excellent transit links, especially the automated Metro Line 14 which makes it easy to travel across the city. What it’s like owning a home in Paris Owning a pied-à-terre (home) in Paris is a great lifestyle choice, yet it often comes with a mountain of paperwork and confusing local laws. You might find yourself struggling with French bureaucracy or trying to find a plumber who speaks your language. New energy laws now force you to pay for expensive renovations before you can even use or rent out many older apartments.  You also have to use the “Notaire” system, where legal fees and taxes can take months to process. And in most older buildings, it’s hard to put in air conditioning or elevators without a unanimous vote from every neighbor in the block. Buying with A smarter way to own a home in Paris The decision between the best places to live in Paris comes down to what you prefer for your stay. Gaining access to luxury homes in dream cities is just one of four reasons to consider co-ownership for your life abroad. Browse all of our

There’s a reason this part of Florida is called the Paradise Coast. Located south of Naples on the Gulf of Mexico, Marco Island is a popular year-round travel destination for nature lovers, sun worshippers, anglers and just about anyone who enjoys a slower pace of life under the Florida sunshine.  There are so many unique things to do in Marco Island that it can be hard to know where to start, so we’ve compiled 10 fun-filled activities for your next visit to Marco Island. And if you’re interested in making frequent visits, consider 1. Sink your toes in the sand at South Marco Beach With clear blue-green waters, soft, white sand and plenty of nearby amenities, It’s one of only two public beaches on the island and is open year-round from dawn to dusk. Public parking is available for a $10 fee if you don’t have a Collier County Resident Beach Parking Permit. However, dogs are not permitted, so be sure to plan accordingly. 2. Thanks to the natural beauty of the Gulf, Marco Island has been inspiring artists for as long as people have lived here. The In addition, the center offers a range of art classes for both adults and kids. It also offers unique events and experiences like concerts, comedy shows, film screenings, and live theater, providing a cultural experience on the island beyond sand and water. 3. A favorite watering hole for locals, You’ll also find a menu full of classic pub grub, from burgers and nachos to pizzas and tacos. Best of all, it’s a great place to watch sports, with multiple TV screens and an indoor/outdoor full-service bar. 4. Accessible by charter boat or kayak, the Today, they’re abandoned, and erosion and rising sea levels have surrounded them by water. It’s a truly one-of-a-kind place to visit, and also a popular spot for anglers. 5. Marco Island serves as the gateway to the 6. If Marco Island charter fishing is on your to-do list, this Gulf Coast destination is the perfect place to reel in your next big catch. The town serves as the perfect jumping-off point for a fishing expedition thanks to its easy access to both the backwaters of the Ten Thousand Islands and the open waters of the Gulf of Mexico.  Hire a knowledgeable local captain, and head offshore in search of grouper, tuna and king mackerel, or stay closer to shore to target tarpon, snook, and redfish. Many charters depart from nearby marinas and tailor trips to your experience level, whether you’re planning a half-day outing with the family or a full-day deep-sea adventure.  The area’s year-round fishing seasons and rich marine ecosystem mean there’s almost always something biting, making Marco Island one of the most rewarding places in Southwest Florida to cast a line. 7. The coastal waters surrounding Marco Island are home to a wide range of wildlife, and many of these animals are best seen from the deck of a boat. Several local companies offer Marco Island boat tours that focus on wildlife viewing and scenic cruising through the area’s coastal waterways and mangrove islands.  Depending on the time of year you visit, you may spot playful dolphins riding the boat’s wake, gentle manatees gliding through calm backwaters, and even sea turtles surfacing for air in the warm waters of the Gulf of Mexico.  Many boat tours also explore the nearby Ten Thousand Islands, a maze of mangrove islands and shallow estuaries that provide critical habitat for birds, fish, and marine mammals. Along the way, guides often share insights about the region’s ecosystem, local history, and the best places to spot wildlife.  With calm waters and abundant marine life, dolphin-watching tours are one of the most memorable and family-friendly ways to experience Marco Island’s natural beauty. 8. A more tranquil option than South Marco Beach, It’s also one of the best spots on Marco Island for shelling. Eagle-eyed beachcombers may find conchs, sand dollars, scallops, and other colorful shells washed up along the shore, especially in the early morning or after storms. The area is also a haven for birdwatching, with species like egrets, herons, sandpipers, and osprey frequently spotted along the sandbars and mangroves. 9. Held every Wednesday morning at Mackle Park, the Beyond the food, the market is a lively gathering place where visitors can browse handmade crafts, pick up unique souvenirs, and chat with local farmers and artisans. Many people come early to enjoy breakfast, sip fresh coffee, and stroll through the park while listening to live music or soaking up the warm sunshine. 10. Do some waterfront shopping at the Esplanade Shoppes  Designed to resemble a coastal Italian village, the The Esplanade is also known for its dockside restaurants and marina views, where diners can watch boats come and go while enjoying fresh seafood or a sunset cocktail. The center features a scenic courtyard with an open-air bar and fountain that often has live music in the evenings, making it a great gathering spot. How do I buy a second home in Marco Island with Pacaso?  Pacaso makes owning a second home simple by leveraging an Ready to make Marco Island your home away from home? Browse

Northern California’s bucolic Napa Valley is arguably the country’s most famous wine region, producing vintages sought by wine lovers across the world. And while locals and visitors alike do spend plenty of time sipping and savoring wines from the region’s nearly 500 wineries, there are several things to do in Napa Valley other than wine tasting. With an irresistible Mediterranean-type climate, plenty of unspoiled nature and distinctly lovely communities, Napa Valley offers something for everyone. If you’re considering making the Napa Valley area your home away from home, you’ll want to add these 10 great activities to your to-do list. 1. Visit the best places to eat in Napa for world-class cuisine Where there’s great wine, there’s usually great food, and that’s definitely true in Napa. The valley is home to more than a few acclaimed restaurants. Perhaps the best-known is Farm-to-table restaurants are most popular in the region, whether you’re eating at a fine dining establishment, casual bistro or Napa’s 2. Take a hot air balloon ride in Napa for exceptional views Crisp, early morning breezes and incredible vistas await when you start your day with a 3. Treat yourself to a spa day at the best hot springs in Calistoga The north end of the valley boasts soil with high volcanic ash content (one of the reasons Napa Valley is an ideal grape-growing region) and The town’s therapeutic and rejuvenating mud and mineral baths have made it a haven for spa-lovers. Whether you’re looking for one simple treatment or indulging in a full spa getaway, Calistoga boasts more than a dozen spas to fit your needs — from private or couples’ tubs at Baths at Roman Spa to four outdoor geothermal mineral pools at different temperatures, featuring a mountain backdrop, at Calistoga Spa Hot Springs. 4. Hop aboard the Napa Valley Wine Train What’s more romantic than enjoying a gourmet meal and world-class wine on a beautifully restored 1915 Pullman train car as you roll through vineyards and watch the sun set over the valley? Not much — and that’s why the Over the course of three hours, the elegant, historic train travels 36 miles from Napa to Saint Helena and back. The Wine Train offers a variety of lunch or dinner services with seating in a vintage two-story observation-style dining car. Or you could opt for a full-day Wine Train adventure over six hours that includes both a four-course meal and three wine tasting stops.    If you’re looking for unique things to do in Napa, consider reserving a 5. Explore charming towns in Napa Valley The valley is studded with many small towns, each with a distinctive vibe and plenty of things to do. Next comes 6. Go hiking in Napa Valley Nature lovers will find plenty to do in Napa Valley. Beat the summer heat with a walk along a creek in the redwood and madrona forests of Looking for more of a challenge? Hike to the top of 7. Bike Napa Valley Vine Trail Burn off all those fine meals and wine tastings with a bike ride on the 8. Hit the links at the best golf courses in Napa Valley With gorgeous scenery and unbeatable weather, Napa Valley is a great place to work on your golf game. The aptly named 9. Enjoy the Napa Valley nightlife In Napa Valley, the after-dark scene is more focused on the arts, theater and music, and less about nightclubs and bars. Be sure to check out the 10. Check out Napa Valley’s music festivals and art scene From festivals and jazz to pottery and paintings, Napa Valley has a thriving music and arts scene. For art lovers, the 217-acre Why should I buy a second home in Napa Valley with Pacaso? With endless activities, exceptional dining and lively entertainment, Napa Valley is a standout destination for Enjoy a professionally designed home fit with luxury amenities, simple scheduling, and easy resale should the home no longer suit your needs. Explore our

Finding dog-friendly vacation destinations that suit your needs can offer a luxurious and stress-free escape for everyone. It might even lead you to the perfect location for a second home, where every trip is a dog-friendly vacation. What are the best dog-friendly vacations in Hawaii? Maui, Hawaii A dog-friendly vacation in Maui is hard to beat. The island is perfect for outdoor adventures, from exploring scenic trails to relaxing on dog-friendly beaches. Here, you’ll find plenty of things to do with dogs: Enjoy a stroll along the Wailea Oceanfront Boardwalk Trail, or explore one of the island's many dog parks like the popular Kenolio Dog Park in Kihei. What are the best dog-friendly vacations in Washington state? Seattle, Washington Beat the heat with a dog-friendly vacation to the Pacific Northwest. Visit the city’s largest downtown green space at Along the shores of Lake Washington, you’ll find the 230-acre What are the best dog-friendly vacations in Oregon? Bend, Oregon The city of The Riverbend Beach Dog Park is a fenced oasis for your furry friend to socialize in and out of the water. Drink in Bend’s craft beer scene by walking the Portland, Oregon Portland is a fantastic destination for a dog-friendly vacation, with a culture that embraces the outdoors and a very welcoming attitude toward pets. The city is among those with the most breweries in the world, and many have dog-friendly patios, making it easy to enjoy a pint with your pup. The city is also home to one of the largest urban parks in the country, Forest Park, which offers miles of trails for you and your dog to explore. Beyond the city, Portland is an ideal location for a second home, as it provides easy access to the stunning natural beauty of the Pacific Northwest. You can take dog-friendly day trips to the Columbia River Gorge or the Oregon coast for more hiking and beach adventures. What are the best dog-friendly vacations in California? San Francisco, California San Francisco makes our list of best dog-friendly vacation spots thanks to its gorgeous scenery and dog-friendly accessibility. Your dog can splash in salt water at Golden Gate Park’s off-leash section is a viable alternative for dogs wanting to keep sand out of their fur. For an added activity, try the modern treasure hunt known as geocaching, which is great for dogs and children alike. Napa, California Carmel-by-the-Sea, California Carmel-by-the-Sea is a quintessential dog-friendly beach vacations. Among different The real highlight is Carmel Beach, a stunning stretch of white sand where dogs can run off-leash and play in the waves. Afterward, take your pup for a walk along Ocean Avenue, stopping in art galleries and boutiques, to complete a perfect pet-friendly holiday. This idyllic setting also makes an excellent Yosemite National Park While many national parks have strict rules for pets, Yosemite offers several amazing things to do with dogs. Leashed dogs are welcome in developed areas, on paved roads and on many popular trails. This includes the Lower Yosemite Fall Trail, where you and your pup can get a misty view of the waterfall. The Wawona Meadow Loop is another scenic, pet-friendly trail perfect for a long walk. If you’re looking for a Lake Tahoe, California Bring your dog with you as you try your hand at sport fishing, kayaking or paddleboarding. Lake Tahoe’s dog-friendly beaches also provide the option for a restful day soaking up the sun. Stop at the Huntington Beach, California Huntington Beach — aka Surf City, with its 10 miles of coastline — is an evergreen, dog-friendly vacation destination, thanks to its sunny Southern California weather. After a day of frolicking on the beach, try some fresh seafood at San Diego, California Make your dog’s ocean dreams a reality by taking a pet-friendly vacation to For a more sure-footed activity, spend the afternoon at the Palm Springs, California Palm Springs is a stylish escape for a dog-friendly vacation. The desert city has a welcoming atmosphere for pups, with many luxury hotels and vacation homes offering pet amenities. You and your companion can explore the desert landscape on trails like those at Whitewater Preserve. When you're ready to relax, Palm Springs has countless dog-friendly restaurants with patios, perfect for enjoying a meal or a cocktail in the sunshine. If you’re What are the best dog-friendly vacations in Idaho? Boise, Idaho If you and your hound are tired of being confined indoors, Boise is a perfect pet-friendly escape. Tree-lined paths link the Winstead Park offers designated off-leash hours throughout its 11 acres of green space. The Spacebar Arcade lets you drink and play games with your dog by your side. And your pup is welcome at the What are the best dog-friendly vacations in Montana? Whitefish, Montana The Whitefish Trail system provides miles of hiking and biking trails where your dog can explore with you. After a day of adventure, enjoy a meal at one of the many dog-friendly restaurants in town. What are the best dog-friendly vacations in Colorado? Aspen, Colorado From hiking to the iconic Maroon Bells to exploring the many trails on Aspen Mountain, there are endless things to do with dogs here. The downtown area is also very walkable, with shops and galleries that welcome well-behaved pups.  Colorado Springs, Colorado Get away from big-city vibes and get back into nature in Colorado Springs. The impressively named For the less adventurous, Colorado Springs has plenty of places to go with a dog. Denver, Colorado Denver is a premier destination for a dog-friendly vacation, with a culture that balances city life and outdoor adventure. The city is full of dog parks, breweries with pet-friendly patios and a vast number of trails. You and your pup can get a unique view of the famous Red Rocks Amphitheatre by hiking the trails at Red Rocks Park. The city’s proximity to the Rocky Mountains provides easy access to endless outdoor activities. It’s also ideal for day trips with your dog, from hiking in the foothills to exploring charming mountain towns like Golden. What are the best dog-friendly vacations in Utah? Kanab, Utah You have to see Kanab to believe it. Known colloquially as “Little Hollywood,” dozens of movies and television series are filmed in and around the area’s national parks due to the striking scenery. Your dog can join you as you walk remote trails, or you can both jump in a 4x4 for a guided desert safari. Be sure to stop by the What are the best dog-friendly vacations in Arizona? Sedona, Arizona Scottsdale, Arizona Scottsdale is a fantastic option for a dog-friendly vacation. This desert city combines upscale living with easy access to nature. You and your pup can explore the vast trail system at the After a day of exploring, relax at one of the many pet-friendly restaurants in Old Town Scottsdale. This is also a great place to buy a vacation home, offering a year-round sunny escape and a welcoming community for you and your dog.  What are the best dog-friendly vacations in New Mexico? Albuquerque, New Mexico This Southwest city is well-known for its delicious food and lively festivals, but its reputation as a pet-friendly destination is also noteworthy. Your leashed dog can join you on an outdoor adventure along the La Luz Trail, much of If you need to give your paws a break, hitch a ride on the open-air What are the best dog-friendly vacations in Texas? Austin, Texas Austin is one of the best dog-friendly vacations in the United States! Prepare for sensory overload at the When you need a little extra energy to make it through the day, or maybe just to burn some of your pet’s energy, head to the What are the best dog-friendly vacations in Illinois? Chicago, Illinois Bring your pet to this lakeside city for fun on and off the water. Multiple Montrose Dog Beach allows your pet to dip their paws in the lake and even provides free waste bags and a dog wash area. The pet-friendly What are the best dog-friendly vacations in Wisconsin? Milwaukee, Wisconsin Stroll Milwaukee’s winding Treat your good dog to a spa day at Madison, Wisconsin Sitting on an isthmus between two lakes, Madison has a whole lot of green space perfect for traveling dogs, including For two-legged visitors, The BarleyPop Tap and Shop is another dog-friendly taproom with an extensive craft beer selection. If spirits are more your thing, the What are the best dog-friendly vacations in Michigan? Grand Haven, Michigan This cozy western Michigan town offers plenty of fun for you and your pup while avoiding the overwhelming crowds of some better-known dog-friendly getaways. Take your time as you stroll down the Rent your own pontoon for a relaxing cruise or a water skiing excursion. Then step back into a time capsule at What are the best dog-friendly vacations in Ohio? Hocking Hills, Ohio Hocking Hills is a stunning natural wonder and a top spot for a dog-friendly vacation. The area is famous for its breathtaking waterfalls, caves and gorges, with a variety of trails that are welcoming to leashed dogs. Hiking is a must-do here — your pup will love exploring the trails to iconic spots like Cedar Falls or Old Man’s Cave. A private cabin rental from a company like Dog Friendly Hocking Hills is the perfect pet-friendly accommodation, offering a cozy and secluded home base. What are the best dog-friendly vacations in Virginia? Shenandoah Valley, Virginia Virginia may be for lovers, but it’s also great for your fur baby. Shenandoah Valley has dog-friendly wineries, nature trails and other activities.  Explore the trails in Shenandoah National Park or Shenandoah River State Park, then take your dog to White Oak Lavender Farm, where you can enjoy a glass of wine in the dog-friendly tasting room and patio. The What are the best dog-friendly vacations in North Carolina? Asheville, North Carolina If the Southeast is more your style, grab the leash and head to Asheville, North Carolina. Take a stroll through Asheville has trolley tours for dogs up to 25 pounds, or you can scratch nature’s itch with a walk through What are the best dog-friendly vacations in South Carolina? Charleston, South Carolina Fans of the macabre won’t want to miss the city’s Hilton Head, South Carolina You can stick to living on island time at pet-friendly The What are the best dog-friendly vacations in Florida? St. Augustine, Florida St. Augustine, the oldest continuously inhabited city in the U.S., is brimming with history for you and your pet to experience together. In town, you can take your dog on a wine-tasting tour in a horse-drawn carriage or ride on Miami, Florida Miami is a fantastic spot for a dog-friendly vacation, combining a lively city atmosphere with beautiful beaches. While some beaches have restrictions, many parks and trails are welcoming to dogs. South Pointe Park is a popular choice, with a grassy area and a walkway along the water perfect for a stroll with your pup. The city's vibrant art scene also offers dog-friendly activities, with many outdoor cafes and galleries that welcome pets. With its beautiful weather and energetic vibe, Miami is a sunny retreat for you and your dog. The Keys, Florida Your leashed dog can stay by your side as you tour the local aquarium and witness shark feeding and alligator exhibits. You won’t want to miss your chance to dine on fresh seafood like fish tacos at What are the best dog-friendly vacations in Pennsylvania? Philadelphia, Pennsylvania The City of Brotherly Love extends its hospitality to four-legged friends. Visit For a break from the concrete jungle, head to the What are the best dog-friendly vacations in New Jersey? Jersey Shore, New Jersey The Jersey Shore is an iconic summer destination and a surprisingly great option for a dog-friendly vacation, especially during the off-season. While many beaches have seasonal restrictions, towns like Asbury Park are known for their welcoming atmosphere toward pups. Take your dog for a stroll along the historic boardwalk and enjoy the scenery. You’ll find plenty of dog-friendly activities and restaurants with patios where you can grab a bite. The Jersey Shore is a great spot for pet-friendly weekend getaways or a second home, with a classic coastal lifestyle and plenty of fun for your furry friend. What are the best dog-friendly vacations in New York? Long Island, New York The largest island in the country offers dog-friendly beaches, hiking trails and more. Take your dog walks up a notch by strolling around the Long Island has plenty of dog-friendly breweries, and there’s even a tour that takes you to all of the best neighborhood taprooms. Lake Placid, New York There’s so much to experience in Lake Placid. Enjoy a convenient stay at the pet-friendly Town House Lodge, just a stone's throw away from the lake and a short walk from Main Street. Rent a boat from The What are the best dog-friendly vacations in Vermont? Stowe, Vermont Stowe has no shortage of dog-friendly vacation ideas. The What are the best dog-friendly vacations in Massachusetts? Nantucket, Massachusetts This Northeast dog-friendly vacation spot has beaches, brewskies and bogs to entertain you and your dog. Surfside, Brant Point and Cisco Beaches all provide sandy ocean fun. Take a ride on the When it’s time to rehydrate and replenish your calories, head to the Sandbar at Jetties Beach for fresh food and refreshing drinks. In terms of dog-friendly vacations, this one is hard to top. What are the best dog-friendly vacations in Rhode Island? Block Island, Rhode Island When it comes to dog-friendly vacations, Block Island is one destination you won’t want to miss. From scenic walks to water taxis, there's so much for you and your pup to enjoy together. Brenton Point State Park offers beautiful views of the bay, with kite fliers taking advantage of the gusty ocean winds. Have a picnic at Grab a bite to eat at What are the best dog-friendly vacations in Maine? Bar Harbor, Maine If you and your furry friend share a love for the ocean, the seaside town of Bar Harbor is one of the best places to take your dog. This quiet town of 5,000 provides nature cruises for leashed pets, so you both can try spotting a variety of sea creatures, like porpoises and seals.  Take a picturesque walk around dog-friendly What are 10 tips for planning a dog-friendly vacation? Taking a vacation with man's best friend requires some extra planning, but with some careful preparation, it'll give both you and your pup something to wag about.  1. Prepare for the road Before you hit the road, make sure your pet is primed for the journey. Pack essentials like food, water, bowls, a leash and any necessary medications to set your pack up for success. Ensure your pet's identification and vaccinations are current, and consider a microchip for extra safety.  If traveling by car, secure your pet with a harness or carrier, and plan for frequent breaks for potty stops and exercise. After all, a tired pup is a happy pup! 2. Research the right destination When selecting a dog-friendly vacation destination, consider the climate and specific activities you and your pet will enjoy. Research pet-friendly parks, beaches, trails and attractions ahead of time so you won't have to pivot on the fly based on an unexpected "No Pets Allowed" sign.  Look for destinations with a welcoming atmosphere for dogs, where you can find pet-friendly accommodations, restaurants and services. 3. Book pet-friendly accommodations Sites like Sites like 4. Look for dog-friendly dining and relaxation locations After a day of exploring, treat yourself and your furry friend to some delicious eats, a local beverage or some Remember to always confirm pet policies beforehand to ensure an enjoyable experience for you and your pet. 5. Consider the mode of transportation How you’ll get to your destination depends on how far away from home you’re going, of course, but you’ll also want to consider your dog’s comfort.  Some dogs are perfectly fine flying on an airplane, but it can be traumatic for others. Some dogs love a road trip, while others don’t like being stuck in a car for a long time. Consider your dog’s personality before plotting your course.  6. Test your pet’s travel tolerance Before you go on a vacation with pets, see how they respond to being cooped up or in a car for long periods. You may discover they get motion sickness or need more frequent breaks than you were prepared for. 7. Make a dog-friendly vacation itinerary Think through the places you want to visit on your vacation. The great outdoors is almost always a safe bet for dog-friendly vacations. Hike scenic Many national and state parks welcome leashed pets, offering opportunities for exploration and bonding. For example, in Austin, Texas, you and your furry friend can explore the 8. Pad your travel schedule Even a well-trained dog can act out of character in new or unfamiliar environments. Allow for extra time for your four-legged friend to get acclimated so you don’t miss out on sought-after activities or reservations. 9. Update your pet’s identification and vaccinations Make sure their collar or chip has your current contact information. This way if you get separated while on vacation, they can be identified and reunited with you.  On top of that, double check that all of your pet’s vaccinations are up to date. Many businesses, including 10. Bring extra supplies Pack more waste bags, medications and other necessities than you think you’ll need, just in case.  Don’t forget to pack food, a water bowl and a few items to help your pet feel comfortable, like a portable dog bed and a few of their favorite toys and treats. Why should I own a dog-friendly vacation home with Pacaso? Traveling with your dog can be stressful (especially if you travel often) when it comes down to planning all the logistics like deciding whether to leave your dog behind or finding a dog-friendly accommodation that lets you bring your pup along.  Just like humans, most pets enjoy a sense of familiarity and routine. As a Pacaso second home owner, you enjoy all the comforts of home without the hassle. While man’s best friend makes a great companion on your travels, pet-friendly vacations require special planning. Consider

Depending on how you count, there are somewhere around 100,000 lakes in the United States, from tiny spots to the iconic Great Lakes, and everything in between. With so many bodies of water, it’s no wonder so many of us dream of lakefront living.  Lakes offer a myriad of charms: indescribable natural beauty, endless water sports and sandy beaches. Check out 10 of the best lakes in the U.S. for lake living, and 1. Lake Tahoe, California/Nevada Surrounded by the stunning Sierra Nevada mountains, Lake Tahoe is one of the best mountain lakes in the U.S. with the largest alpine lake in North America. Known for its crystal-clear waters, in some places the visibility is more than 70 feet. In the summer months, When snow falls and Tahoe’s many ski resorts open up, the beauty of Lake Tahoe is best seen from the side of a mountain. Take in gorgeous lake views from high atop ski runs at 2. Lake Arrowhead, California Lake Arrowhead is less than two hours from Los Angeles, but it’s a world away. Sitting among the San Bernardino Mountains in what’s affectionately known as the “Alps of Southern California,” This is partly due to the fact that much of its shoreline is privately owned. Stay in accommodations or On the southwest side of the lake, 3. Flathead Lake, Montana As the largest freshwater lake west of the Mississippi, Renting a boat or taking a guided fishing trip departing from the towns of Polson, Bigfork or Somers are popular ways to see the lake. It may be a fish tale, but it’s been said that lucky anglers have caught trout as large as 50 pounds.  For a truly memorable experience, take a boat or ferry to Many visitors to Flathead Lake leave time to visit another famous Montana destination: 4. Lake Coeur d’Alene, Idaho When the last glaciers receded from the Pacific Northwest almost 15,000 years ago, Lake Coeur d’Alene was born. A crown jewel of the Pacific Northwest, the lake is at the center of all the action in this area. Beautiful beaches and an award-winning resort line the shore, and the In the summer months, explore the 25-mile body of water on your choice of watercraft, from relaxing chartered boat cruises to the adrenaline-pumping fun of a jet ski excursion. Stand-up paddleboards and kayaks are also popular. Want a birds-eye view of the beauty of Idaho? Take a scenic flight on a seaplane. 5. The Finger Lakes, New York As the name suggests, this vacation destination isn’t a single lake, but rather, a collection of eleven long, narrow lakes in picturesque upstate New York. Within driving distance from New York City, Toronto, Boston and Philadelphia, the While the Finger Lakes is stunning year-round, fall is an especially idyllic time to visit. Think warm days, cool nights and a myriad of fall colors on the hillsides that surround the lakes.  Still need convincing? The Finger Lakes area is also New York’s premier wine region, with more than 100 different vineyards and wineries and a reputation for a great riesling. 6. Lake Winnipesaukee, New Hampshire You may very well have to ask a local how to pronounce its name when you arrive, but Movie buffs may be interested to know that parts of the 1981 Katharine Hepburn and Henry Fonda film “On Golden Pond” were filmed here. The lake was also the setting of the less serious but also memorable Bill Murray and Richard Dreyfuss movie “What About Bob.”  Every summer, vacationers from the Eastern Seaboard flock to this 72-square-mile lake for boating, fishing, beachcombing, hiking and generally enjoying life at a slower pace. Return in the winter for ice fishing, snowmobiling, dogsledding and more.  7. Best known for its dramatic Blue Ridge Mountain scenery, sparkling lake views, and small-town charm, Lake Lure is nestled in the foothills of western North Carolina with the main town surrounding the 720-acre lake. Located about 27 miles from Asheville, Lake Lure is encircled by forested hills and iconic rock formations like Chimney Rock. The area gained national fame as a filming location for the renowned “Dirty Dancing”, and it still draws visitors who want to experience its nostalgic, laid-back atmosphere.  Lake Lure also attracts visitors for its unique blend of outdoor recreation and peaceful retreat, complemented by year-round natural beauty, a mild four-season climate, and striking fall foliage. The lake itself is ideal for boating, paddleboarding, kayaking, and swimming, while nearby trails provide hiking opportunities with sweeping mountain views.  Unlike larger resort towns, Lake Lure maintains a peaceful, uncrowded feel, with locally owned restaurants, community events, and quiet coves along the shoreline. The combination of water access and mountain terrain is relatively rare in the Southeast, making it a unique destination for those who want the best of both lake life and mountain living in one place. 8. Lake Powell, Arizona/Utah Sure, Lake Powell may be a human-made creation —  it’s the second-largest reservoir in the United States, created by the damming of the Colorado River at Rent a houseboat or a speedboat, and spend long summer days exploring the twists and turns of some 90 side canyons that make up this massive lake. Be sure to find your way to 9. Lake Lanier, Georgia   Despite the large number of visitors, there’s plenty of space, thanks to 700-plus miles of shoreline. Stop by a local marina to rent a pontoon boat, houseboat or jet ski. Book a fishing excursion in search of bass and walleye. Or enjoy food truck fare and live music every Friday at 10. Lake Champlain, New York and Vermont It’s not every day that you can splash around in a lake that has played a pivotal role in not one, not two, but three American wars. But you can do it on Lake Champlain, located on the border of New York and Vermont. Pop into the In the warm weather months, enjoy a kayak excursion, cast a line for largemouth bass or swim from the shore of a sandy beach. Intrepid winter travelers return for ice fishing, snowmobiling and even a classic game of pond hockey. How do I co-own a luxury lakefront home with Pacaso? Pacaso has

Why should empty nesters consider downsizing? While the idea of leaving a long-time family home can feel emotional, downsizing during your empty nest stage of life is an opportunity to intentionally design a lifestyle that fits your current needs and priorities. Financial benefits One of the most immediate advantages of downsizing is the potential financial relief. Over time, these savings can add up, creating more flexibility and peace of mind. Lifestyle benefits Beyond finances, downsizing often leads to a noticeable shift in how you spend your time. Instead of managing a house built for a busy family, your home begins to support the life you’re living now. Emotional considerations Leaving a family home can stir up nostalgia — and that’s completely normal. For many empty nesters, downsizing becomes less about what they’re giving up and more about what they’re gaining. How do you choose the right home and space for your lifestyle? Once you’ve decided to downsize, the next step is finding an empty nester home that fits your lifestyle, not just your space requirements. Choosing the right home ensures your new chapter is comfortable, functional, and tailored to the way you live now. Here are some downsizing tips for empty nesters to help find a home that suits your needs. Evaluate your space and daily habits Start by thinking about how you actually use your home: Understand storage and organization Even a smaller home can feel spacious and functional if storage is planned thoughtfully: Choose the right home type Selecting an empty nester home that fits your lifestyle goes beyond size: How can you declutter and let go effectively? Most downsizing tips for empty nesters focus on the home. But one of the most challenging parts of downsizing is deciding what to keep and what to let go of. When approached thoughtfully, decluttering can feel empowering rather than overwhelming — a way to create a home that truly supports your lifestyle. Room-by-room decluttering Handling sentimental items Involving family How can you make the moving process less stressful? Moving, especially as an empty nester who is downsizing, can feel overwhelming, but careful planning can transform it into a smooth, organized experience. Creating a timeline Packing and storage tips Moving logistics How can you optimize a smaller home for comfort and style? Downsizing doesn’t mean sacrificing comfort or aesthetics. Smart furniture choices Maximize storage Make it feel bigger How can you enjoy more freedom after downsizing? One of the greatest benefits of downsizing is the lifestyle it enables. With less space to manage and fewer possessions to maintain, you gain time, flexibility, and energy to focus on what matters most.  For many empty nesters, this newfound freedom also opens the door to travel without the burden of managing another property. Co-owning a second home through Pacaso allows you to enjoy a fully furnished, professionally managed vacation home, making it easy to travel more while keeping your primary residence simple and low-maintenance. How to downsize with Pacaso co-ownership The best downsizing tip for empty nesters One of the smartest ways to make downsizing work for your lifestyle is to pair it with a second home — without taking on the full responsibilities of traditional ownership. Pacaso removes the complexity of second-home ownership by handling furnishings, management, and ongoing upkeep, so you can focus on enjoying your time instead of managing another property. This approach aligns perfectly with downsizing: less space to maintain at home, and more freedom to travel, relax, and explore. With Pacaso, you can: If you’re curious about how it all works, Downsizing during your empty nest stage of life doesn’t mean limiting your life. The best downsizing tips for empty nesters focus on freeing up time, resources, and energy to live the lifestyle you’ve been imagining — and Pacaso makes that not only possible, but easy. With less home to maintain and more freedom to travel, pursue hobbies for empty nesters, and create new experiences, downsizing becomes a gateway to the life you truly want.

Cabo may be known for its sun and surf, but there are so many more things to do in Cabo than lounging by the water (though that’s certainly part of the appeal).Visitors come from all over the world for world-class resorts, energetic nightlife, lazy days on the water, or simply to feel rejuvenated. With its rich history, vibrant culture, varied landscapes, and endless sunshine, Los Cabos is the kind of destination that warrants repeat visits – and co-owning a second home with Pacaso makes it easy to return and experience it all. What are the different parts of Cabo? Los Cabos sits at the southern tip of the Baja California Peninsula and includes both Cabo San Lucas Cabo San Lucas Often referred to simply as “Cabo,” Cabo San Lucas is the heart of the action. This is where you’ll find the lively marina, iconic landmarks like El Arco, and many of the most popular things to do in Cabo. Days are spent sailing, lounging at beach clubs, or soaking up the sun on Medano Beach, while nights come alive with restaurants, nightlife, and sunset cocktails overlooking the water.  It’s the most energetic and activity-filled area of Los Cabos, making it a favorite for first-time visitors and those who want to be close to it all—while still enjoying plenty of elevated, luxury experiences tucked just beyond the buzz. All-inclusive resorts and San José del Cabo For a more relaxed, culture-forward experience, San José del Cabo offers a slower pace and a deeper connection to local history and art. The cobblestone streets and charming plazas of old town are ideal for leisurely strolls and a thriving gallery scene adds depth and creativity to the town’s laid-back atmosphere. Boutique shopping, farm-to-table dining, and weekly art walks give this area a distinctly refined, authentic feel.  Known for its elevated coastal living, many luxury The Corridor Stretching between Cabo San Lucas and San José del Cabo, The Corridor is known for its sense of privacy and exclusivity. Here, luxury resorts, championship golf courses, and pristine beaches line the coast, offering a more secluded take on Cabo living. It’s a favorite for those who want space to unwind—whether that means ocean-view mornings, poolside afternoons, or teeing off with dramatic coastal backdrops.  The Corridor strikes a perfect balance between accessibility and escape, often considered one of the best places to live in Mexico for those seeking laid-back luxury along the coast. Things to do in Los Cabos While there’s more to Los Cabos than the sun and surf, there’s no denying that some of the best things to do in Cabo involve the ocean. Ocean activities Los Cabos is a paradise for anyone who loves the water. With the Sea of Cortez on one side and the Pacific Ocean on the other, there’s no shortage of ways to enjoy the sun, surf, and sea. Cabo outdoor adventures If you love a little adrenaline and fresh air, Los Cabos is an adventure playground. From desert landscapes and rugged canyons to sweeping ocean views, there are plenty of exciting things to do in Los Cabos for adventurous spirits. Leisure activities Sometimes the best way to enjoy Los Cabos is at a slower pace—enjoying the culture, flavors, and style of the region. From world-class golf to boutique shopping, there’s no shortage of ways to indulge. Wellness & relaxation Los Cabos isn’t just about adventure—it’s also the perfect place to slow down, recharge, and connect with nature and yourself. Things to do in Cabo that keep you coming back With so many unforgettable things to do in Cabo, it’s no surprise that many visitors start imagining what life here could look like beyond a brief vacation. From mornings on the water and afternoons exploring desert trails to evenings spent dining, unwinding, or watching the sunset from your terrace, Cabo offers a lifestyle that’s easy to fall into—and hard to leave. That’s why Los Cabos is often considered one of the best places to live in Mexico, especially for those seeking a balance of luxury, adventure, wellness, and everyday ease.  With Pacaso,

Marco Island is a barrier island on Florida’s southwest coast, known for its laid-back lifestyle and natural beauty. And few places capture that beauty more than Tigertail Beach, a must-see for every visit to Marco Island.  Given all of Marco Island’s high-rises and resort developments, you might not expect it to be home to one of the most ruggedly beautiful beaches in the Everglades region. Yet the white sands of One of just two public beaches on Marco Island, Tigertail Beach is actually a new beach. Tigertail Beach was an offshore sandbar until Hurricane Wilma hit the Paradise Coast in 2005 and sand piled up, connecting the beach to the mainland.  Tigertail is really two beaches in one, known by locals as the inner and outer beach. The inner beach is the most easily accessible, with multiple boardwalks connecting the Tigertail Beach parking lot with the sand. It’s a great family-friendly beach, with a beach cafe serving food and cold drinks, a playground, picnic area, watersports rentals and restrooms.  There’s even a bird-watching tower that offers amazing views of the wildlife. The inner beach is a nice place to spend a day and a good launch point for exploring the surrounding mangroves by kayak.  Tigertail’s outer beach, sometimes called Sand Dollar Beach, is accessible by wading across the saltwater lagoon. This is best done at low tide if you’re carrying a lot of gear or have young children with you, but it can also be done at high tide, when the depth is a few feet.  The best place to cross is marked by a floating buoy about 50 yards offshore. The lagoon bottom is a bit mucky and grassy, so you might want to rent a paddleboard or kayak to make the crossing if you don’t want to feel the “squish” between your toes.   Exercise caution when walking to the north end of the beach at low tide — you could end up surrounded by water when the tide comes back in.  Once you’ve made the crossing, your belongings held above your head, you’ll be rewarded with three miles of pristine, secluded coastal beauty. The outer beach boasts soft white sand, beautiful shells in a rainbow of colors, fiddler crabs scurrying around and pods of dolphins frolicking offshore.  The Tigertail beach tides constantly reshape the shoreline, creating sandbars, shallow pools, and shifting channels that make the landscape feel different from hour to hour. For the safest and most enjoyable experience, try to plan around these shifts: low tide is ideal for shelling and sandbar walks, while high tide is better suited to swimming and paddling. If you’re wondering what to do at Tigertail Beach, you’ll be glad to know there’s no shortage of options. This stretch of Marco Island is one of those spots where you can be as relaxed, or as active, as you want. Marco Island is easily accessible from Naples, Florida, via two bridges. Once you have arrived on the island, you can find Tigertail Beach at the end of Hernando Drive.  There’s a conveniently located parking lot with over 200 spots for beach lovers. Expect to pay $10 to park for the day if you don’t have a Collier County Resident Beach Parking Permit. The beach is open from 8 a.m. to sunset, year-round.  Tigertail Beach is just one of many unspoiled stretches of coastline on the Paradise Coast. When you co-own a second home with Pacaso, you’re not just visiting for a weekend — you have a home base that lets you experience Marco Island and the Everglades at your own pace.  With Pacaso co-ownership, you get:

Just two hours from Los Angeles but seemingly a world away, Lake Arrowhead is a charming mountain getaway surrounded by the San Bernardino Mountains. While the lake itself is reason enough to What are the best family-friendly Lake Arrowhead hikes? If you’re hiking with kids or just short on time, the Will Abell Memorial Trail is an easy and rewarding option. Spanning just 1.9 miles with 416 feet of elevation gain, it offers a leisurely trek with plenty of natural beauty. From the trailhead, the path winds gradually through the trees before opening to scenic lookout with views of Lake Arrowhead.  The history of how this trail makes it even more special. Once destined to be a luxury residential development, the San Bernardino Mountains Land Trust purchased these 80 acres in 2011, reforested the area and built the trail, which is named after a longtime Land Trust volunteer, Will Abell to honor his dedication to local conservation. For those looking for easy and relaxing hiking near Lake Arrowhead, take a short drive to nearby Lake Gregory. The Lake Gregory Trail is a 2.6-mile, mostly flat loop that circles the water’s edge, perfect for a peaceful and accessible hike. It’s a popular trail for families and dog owners thanks to its gentle terrain and beautiful views. Walk the loop in the morning, then spend the afternoon at If you only have time for one of the many Lake Arrowhead hikes, make it the Heart Rock Trail. This local favorite combines forest scenery, waterfalls, and just enough rugged terrain to feel like an adventure. The 1.8-mile loop follows Seeley Creek through shaded pines, passing a few small cascades along the way. The highlight is Heart Rock, a naturally carved, heart-shaped hollow beside a 20-foot waterfall — one of the most photographed landmarks in the San Bernardino Mountains. The route starts on a short paved road before turning into a rocky dirt trail, making it a moderately challenging hike that takes about 45 to 50 minutes to complete. Some sections can be uneven, so sturdy shoes are recommended. Because the trail can be tricky to follow in spots, it’s best to download a map ahead of time. For a peaceful forest walk with gentle elevation and plenty of mountain scenery, try the Dogwood Trail — a 3.3-mile loop that winds through towering pines and cedars. It’s ideal for families, campers, and anyone looking to stretch their legs in the fresh mountain air while snapping a few photos at scenic viewpoints along the way. The hike takes about 1.5 to 2 hours to complete, with an elevation gain of roughly 430 feet. The trail sits close to Dogwood Campground, making it a convenient option if you’re staying nearby. Just note that the campground closes seasonally in winter, which can add a bit of extra mileage to your route. What are some more challenging Lake Arrowhead trails? Less than 20 minutes from town, the Arrowhead Pinnacles Trail is a 3.5-mile out-and-back route that offers a rewarding challenge for experienced hikers. With an elevation gain of 1,036 feet, it’s considered moderately difficult with a steady climb though rugged terrain that feels far from the shaded Lake Arrowhead trails through the forest. Here,the landscape shifts to rocky scrubland dotted with boulders.  The first mile starts off easy, but soon the path becomes steeper, requiring some light rock scrambling to stay on course. It’s recommended you download a GPS map ahead of time to navigate the turns, and follow the cairns left by earlier hikers to point the way.  At the summit, you’ll be rewarded with sweeping views of the Mojave Desert, Silverwood Lake, and Mt. Baldy. At 7.2 miles long and an impressive elevation gain of 1,584 feet, The Crafts Peak Trail is a scenic out-and-back route perfect for hikers who are up for a challenge. The trail begins at the Green Valley Campground and winds along forest service roads, through rocky inclines, and ponderosa forests. As you near the summit, a short scramble to the top of the rock formation leads to  spectacular views — on a clear day, you can even see all the way to Big Bear Lake. It’s one of the most scenic Lake Arrowhead hikes for those looking to spend a few hours immersed in the mountains.  For a longer and more adventurous hike, explore the Deep Creek Hot Springs Trail to Bradford Ridge Path. This 5-mile out-and-back route features about 1,300 feet of elevation gain and takes roughly 3 hours to complete. The trail descends from pine-covered mountains into desert terrain, with one sandy, slippery section that can be tricky to navigate, so start early and wear sturdy shoes. At the bottom, you’ll find a peaceful set of natural hot and cold springs along the creek, where you can soak in the warm pools and cool off in the cold ones before making the climb back up. The stunning scenery and unique experience make this one of the most rewarding Lake Arrowhead trails for seasoned hikers. What are some tips for hiking in Lake Arrowhead? Hiking in Lake Arrowhead means exploring mountain terrain that can change quickly — from shaded forest trails to rocky ridgelines and exposed desert slopes. For a safe and enjoyable experience, preparation is key. Before heading out, consider these essential tips to make the most of your time on the trail: Why co-own a vacation home near Lake Arrowhead? There are so many great Lake Arrowhead hikes that a quick Each Pacaso home in Lake Arrowhead is thoughtfully designed and fully furnished, featuring open-concept living spaces, cozy fireplaces, and expansive decks perfect for morning coffee or evening sunsets. Ownership includes professional property management, maintenance, and is always stay-ready, so you can focus on enjoying the great outdoors, entertaining guests, or simply unwinding in your mountain retreat. After a full day of hiking, you can unwind in comfort or head out to enjoy other local experiences like

For many real estate agents, Pacaso sparks interest — and just as many questions. To explore those questions, we spoke with top-producing realtor, real estate investor, and author, Eugene Kamenskiy, who has built a dedicated platform educating buyers and agents on the Pacaso model.  Drawing from his personal journey, professional credentials, and years of hands-on experience, he shares why Pacaso resonated with him and effective marketing strategies for real estate agents to thoughtfully and successfully position it in today’s luxury real estate landscape. This conversation is designed for real estate agents: practical, candid, and rooted in real-world application rather than sales theory. Q1: How did you first get introduced to Pacaso, and what was your initial impression? My journey to Pacaso began from a very personal place — a dream that started in the middle of a cold Canadian winter. During the harsh winter of 2021, amid COVID-19 lockdowns and ice storms in Toronto, I found myself dreaming of an escape to warmer climates: the Florida sun, the sound of the ocean, and the idea of finally owning a vacation home. It was a dream I’d held for nearly 20 years, ever since a conversation with a former boss who owned a modest Florida property. When I finally began researching seriously, reality hit quickly. The beachfront home I envisioned was priced around $4 million — far beyond my $500,000 budget. Even with financing, the ongoing carrying costs, maintenance responsibilities, and the fact that I’d only use the home four to six weeks a year made traditional ownership financially impractical. That dream felt out of reach — until I discovered the concept of co-ownership. That’s when I found Pacaso. When I first came across Pacaso, it was a pivotal moment. My initial impression? I was blown away. Here was a Silicon Valley–backed company that had cracked the code for affordable luxury living. Pacaso wasn’t just offering co-ownership — it was delivering a In my book, I describe Pacaso as a “paradigm-shifting solution” because it turned what once felt like fantasy into something real and attainable. My takeaway was simple: Pacaso built the model that made the impossible finally possible. Q2: What made you confident in recommending Pacaso and promoting it in general? At first, I was impressed by how the Pacaso model opened doors for people who once believed owning a luxury vacation home was impossible. Emotionally, it felt revolutionary — a concept that could truly redefine the entire second-home industry and create new opportunities for countless dreamers. But what ultimately gave me confidence wasn’t just the idea — it was the people and the proof behind it. Leadership & track record What gave me instant trust in Pacaso was the leadership behind it. Spencer Rascoff (former Zillow CEO) and Austin Allison (founder of Dotloop) aren’t just successful tech entrepreneurs — they’re true real estate visionaries who understand both innovation and property ownership. Their advisory board includes some of the most respected names in the industry, and with $1.5 billion in funding and backing from top-tier investors, Pacaso’s credibility felt undeniable. These are people who clearly know what they’re doing – equipped with the experience, data, and resources to evaluate markets and validate concepts at the highest level. I remember thinking, A proven model Results speak louder than words. Pacaso now has over 2,000 satisfied owners, 90,000 nights booked, a $1B real estate portfolio, and operations in 40 global destinations. Real estate asset As a real estate investor, I immediately recognized the strength of Pacaso’s model. Resilience by design From an investor’s perspective, the Pacaso model appeared remarkably resilient across different market cycles — that was my logical conclusion. When markets are strong, share values naturally rise with the tide, reflecting appreciation in the underlying real estate. But when interest rates climb and affordability declines, co-ownership becomes not just an attractive alternative — it might become the only accessible path for many buyers to step into luxury ownership, fueling demand and, in turn, supporting share values. Pacaso’s structure adapts to both climates, making it, in my view, a smart and sustainable model in any market. Personal alignment As a licensed realtor, mortgage agent, and real estate investor with a multimillion-dollar portfolio — and someone who has always valued innovation that delivers real, lasting results — I saw in Pacaso a model that passed every test: financial, operational, and philosophical. It represents exactly what I believe in: smart, efficient investing, true hard-asset ownership, and the freedom to live your dream today, not someday. Q3: What do you wish more real estate agents understood about Pacaso? I have a chapter in my book: This is not just another home; it’s a lifestyle transformation that opens doors to experiences previously out of reach. Pacaso doesn’t compete with traditional ownership — it expands the market, creating homeowners out of people who might otherwise rent, stay in hotels, or never own a vacation property at all. Agents who promote Pacaso are not only salespeople but also educators and advisors, helping clients realize dreams they once thought impossible. I also wish agents recognized the power of leverage within the Pacaso model. With the ease and flexibility of  Finally, agents should understand that Pacaso solves real problems, such as affordability barriers, management headaches, and underutilization. It’s a legitimate, modern solution for sophisticated buyers seeking maximum return and enjoyment. From my own marketing experience, I’ve learned one important lesson: if you promote only “savings” or “affordability,” you attract the wrong audience. The real message is value, access, and lifestyle transformation — that’s where Pacaso truly shines. Q4: How does Pacaso enhance the second-home ownership experience? In my book, Pacaso transforms second-home ownership from a burden into pure joy — it eliminates every pain point traditionally tied to owning a vacation property and replaces them with simplicity, flexibility, and freedom. Eliminates the “second job” problem Traditional vacation homeownership often feels like work, from coordinating maintenance and paying bills to arranging cleaners and worrying about an empty property. You finally arrive for a short vacation and end up busy fixing things instead of relaxing. Pacaso changes everything. They handle design, furnishing, cleaning, repairs, utilities, taxes, insurance, and reserve funds. You simply arrive, unpack, and start living your dream. Adds true flexibility With Upgrades the Asset Instead of owning a modest $500,000 property, my clients can now own a share of a $2M – $3.5M luxury home with resort-level amenities, the difference between a basic condo miles from the beach and a luxury waterfront estate just steps from the sand. Freedom from debt and stress In my book and No debt, no carrying costs (with smart strategy) Using strategies I outline in my book, Pacaso owners can invest their remaining (saved) capital in cash-flowing assets that cover their monthly Pacaso ownership fees. That means they enjoy their dream home without debt and without out-of-pocket carrying costs. Pacaso doesn’t just enhance second-home ownership — it completely redefines it. It’s not about owning a property; it’s about owning your freedom, your time, and your dream. Q5: What feedback have you received from clients? Many clients who discovered Pacaso through While my book The book itself has generated strong interest. My reader survey shows that people become more interested in co-ownership after reading it. Q6: If you had to describe Pacaso to another real estate agent in just a few words, what would you say? "Pacaso is where Silicon Valley innovation meets luxury real estate — making dream homes accessible through smart co-ownership, backed by proven leadership, and wrapped in hassle-free, turnkey management." "Unlock the luxury market for your clients. Pacaso turns $2M second homes into accessible $400K opportunities — with you earning on every share sold." About the agent This Q&A features Eugene Kamenskiy, a top-producing realtor and Pacaso expert behind Your opportunity with Pacaso Pacaso isn’t just a new ownership model — it’s a new opportunity for agents. For real estate agents willing to understand the structure, educate thoughtfully, and position Pacaso as a value-driven lifestyle solution rather than a discount play, the upside is meaningful. Pacaso enables agents to serve buyers who may have otherwise stayed on the sidelines — and to do so with credibility, confidence, and scale. If you have additional questions,

There are far better vacation options, including: Let’s explore each alternative and explain how it differs from the typical reasons not to 1. Second home co-ownership  Second home co-ownership is when a property is jointly owned by multiple people. Buying a vacation home is a greater upfront expense than a timeshare, but you don’t have to be the sole owner. With this timeshare and Whether you’re buying with a group of friends or buying a Pacaso second home, you still have true real estate property ownership. You’re not just buying the right to use a hotel or condo-sized space for a set period. Timeshares are notoriously difficult to sell due to the many rules and limitations owners must abide by. The timeshare is also one of many identical units, creating an imbalance between supply and demand. On the other hand, unique homes attract buyers who must compete against each other in the whole housing market.   Browse a plethora of luxury co-ownership options all over the world with Pacaso’s 2. Vacation rentals Vacation rentals are furnished spaces that are rented out on a short-term basis. Airbnb is as popular as ever, with 265 million users and over 7.7 million listings, according to Lighthouse. People choose vacation rentals because renting a property from a private owner is often cheaper than comparable hotel rooms, and they often give travelers added perks like kitchens and convenient locations. However, vacation rentals can come with charges like cleaning fees, sometimes making them even more expensive than hotels.  Vacation rentals are considered preferable alternatives to timeshares because they give greater flexibility in where and when you can vacation. You’re only paying for specific days, so you aren’t on the hook for yearly fees on top of the purchase price of a timeshare.   Timeshare owners often sell their timeshare days when they can’t use them, giving vacationers the option to visit the same timeshare facility without the long-term commitment.  3. Hotels Although Hotels often provide discounts to certain groups (like the military and AAA) or offer discounted rates throughout the year, making them even more affordable. Some hotel chains offer rewards programs, so the more you stay there, the more you get back. 4. Hostels  A hostel is a budget-friendly alternative to hotels with dormitory-style rooms and communal areas. They’re ideal for backpackers and young travelers seeking a social vacation where they might meet people from all walks of life.  Hostels are typically sparse in accommodations compared to timeshares, but the trade-off is worth it for people who enjoy different locations every year. You can find various types of hostels on apps and sites like Booking.com. In a budget hostel, you may stay in a room with six or more people. A boutique or luxury hostel may offer more upscale vibes and cleaner amenities, while party hostels host social activities and late active hours.  5. Resorts Resorts offer an all-inclusive appeal of many of the best timeshares, such as private beach access, live entertainment, gourmet food and guided tours. You’ll spend less time planning all the details of your vacation, leading to less stress and more time enjoying your break.  Just like hotels, resorts give you the flexibility to stay for longer or shorter durations than a timeshare. You won’t be boxed into traveling at predetermined times of year, and you can visit whenever you want. One example of a famous luxury resort is the Four Seasons Resort Hualalai in Hawaii, which boasts many amenities like spas, pools, beach access, multiple restaurants and exceptional customer service. 6. Travel clubs Travel clubs offer group travel rates to various destinations. Travel clubs operate similarly to timeshares and vacation clubs, while being slightly more affordable. Travel clubs require yearly membership fees, and some clubs also charge maintenance fees. These combined costs are often lower than those of vacation clubs. The benefit of travel clubs is that they arrange for group rates, making your stay cheaper while giving you the benefit of travel companions. Oftentimes, the club is centered around a shared trait, like a hobby or age group.  Aside from the social aspect of travel groups, travel clubs also free you from long-term commitments. Even the cost of an inexpensive timeshare begins to add up over the years if you aren’t able to sell it. Since membership in a travel club is yearly, you’ll only lose what you’ve already spent.  7. Vacation home ownership One big draw of owning a timeshare is the dependability of returning to the same destination year after year while avoiding the rising costs of accommodations. Buying a second home in a vacation destination gives you those same benefits and more.  Unlike a timeshare, buying a vacation home gives you real equity in the property, so you have the potential to recoup the money you put into it over the years. Timeshares rarely appreciate in value, and due to the many When you have your own vacation home, you have the freedom to use it as much as you want. In contrast, most timeshare options only allow you to use them once per year and have fixed scheduling limitations.  8. Vacation clubs Vacation clubs are travel services that offer members access to different vacation locations and amenities within their network of affiliated properties. For example, a Holiday Inn Club membership works by purchasing credits. However, many clubs have blackout dates that restrict your ability to travel unless you pay more money. Depending on the club you join, it could cost more per year than even luxury timeshares, but you’ll have easier access to multiple destinations. 9. Fractional ownership Fractional ownership is a collaborative investment where multiple parties share ownership of a vacation property. Each investor maintains specific ownership rights and entitlements to the asset based on their contribution. Fractional ownership is similar to vacation home co-ownership in that you can schedule specific usage times and/or access to different parts of the property.  Splitting the costs of a vacation home comes with benefits like owning a home in a luxury location that you might not otherwise be able to afford. You also share upkeep and maintenance costs. However, it also means all major decisions must go through all ownership partners. You’re also splitting benefits, leading to potential disagreements between owners. How to resell your timeshare?  As you browse timeshare exit vacation alternatives, you may wonder how to best get out of a timeshare. Though it can be difficult, there are a few ways to resell your timeshare. Here are some options: Consider second home co-ownership These timeshare alternatives may help you avoid a major scam and stick to your original goal of enjoying a beautiful vacation with your loved ones.  Unlike a timeshare,

Pacaso is a team of real estate and tech veterans with a mission: Enrich lives by making second home ownership possible and enjoyable for more people.  We offer buyers a smarter way to approach owning a second home: professionally managed Buying and owning a second home through Pacaso dramatically reduces costs and lessens management and scheduling hassles. This lets buyers who are sitting on the sidelines have the chance to become true property owners of a home that previously was beyond their price range.  And it opens up opportunities for real estate agents to have new conversations with buyers and sellers. They can access the second home of their dreams in one of their favorite locations for less money than if they purchased a whole home.   Co-owning real estate is not a new concept. But doing it on your own with friends or family often creates hassle and strain on personal relationships. Many DIY owners find it daunting to communicate effectively about scheduling, maintenance and managing the home.  Pacaso eliminates those issues, making co-ownership easy for the first time by creating a professionally managed, property-specific LLC design especially for co-ownership. A limited liability company (LLC) ensures that the owners are not personally liable for the company’s debts or liabilities. It combines some elements of a partnership, sole proprietorship and a corporation. For buyers, co-ownership increases their purchasing power. It also reduces the stress and pressure of whole home ownership. Gone is the feeling of guilt from leaving a home empty much of the year. Gone is the hassle of vacation rental platforms, the anxiety of knowing that dozens (or hundreds) of strangers are traveling in and out of your home, and the tedium of dealing with repairs.  The benefits for buyers, sellers, owners Buyers can shop from Pacaso’s curated listings. Alternatively, if they find an active listing they’d love to co-own, they can submit the listing to Pacaso; if it meets our specifications, we’ll partner with the buyer to purchase and close on the home, as well as identify vetted co-owners. Each home is co-owned by a maximum of eight owners who use it with only family and friends; no outside rentals are allowed. Owners schedule time in the home with our innovative and equitable SmartStay system on the owner app. And instead of worrying about maintenance, Pacaso's professionally managed LLC will take care of all property management needs. Sellers have two options to work with Pacaso. First, they can decide to sell their whole home to us. Pacaso is a qualified buyer, and we pay premium prices for turnkey homes in the right locations.  Alternatively, current second home owners can decide to keep as much as half of the ownership in their home while unlocking their equity by selling the other portion through Pacaso’ selldown program. This allows owners to keep the home they love while tapping into its liquidity and continuing to enjoy access to their second home. Why partner with Pacaso today? The Pacaso crew, led by former executives from Zillow, has more than 100 years of combined expertise using big ideas and innovative technology to create great real estate experiences. The company’s founders believe second homeownership enhances people’s lives because it has enhanced theirs. And it’s the driving force for the company.  This co-ownership model is a chance for you to bring a modern way of owning as well as fresh inventory to your customers.  Be part of the next wave of innovation, re-inventing how second homes are bought, sold and owned — and creating new business opportunities for you.  -------- Quiz 1. What type of second home ownership does Pacaso offer? A. Whole ownership of a second home B. Time share ownership D. None of the above 2. True or false: Co-ownership is not new, but Pacaso is solving the major pain points associated with the DIY approach. B. False 3. The advantages of Pacaso co-ownership for buyers include: A. They can now afford to own a home previously out of reach financially. They can bring a listing, from Pacaso or any website, that they are excited about to Pacaso. If it’s a fit, Pacaso will buy the home and bring together co-owners. B. They get true real estate property ownership of a fully managed single-family home with fewer hassles and headaches.  4. The advantages of working with Pacaso for sellers include: A. Pacaso pays a premium for turnkey homes in select locations. B. Sellers can unlock equity and still retain up to half ownership of their homes. C. Sellers can remain co-owners of their homes but will have to find the buyers themselves. 5. The professionally managed LLC also handles property management. B. False

Los Angeles and luxury real estate go hand-in-hand. And when the city’s A-list buyers want to Stars of Bravo’s long-running “Million Dollar Listing LA” reality series and co-owners of Josh and Matt worked with Zillow for years and had gotten to know Pacaso co-founder and former Zillow CEO Spencer Rascoff. They had also met Pacaso co-founder and CEO Austin Allison, and the brothers knew Rascoff and Allison were real estate innovators.  So when the Pacaso founders approached the team to discuss their new venture, the brothers were intrigued. “Knowing their track record, we were interested, because these were guys who changed the business,” said Josh. Added Matt: “Josh and I jumped at the idea. It was an incredible concept and a product that I would use.” The Altmans, always on the lookout for innovations in real estate, were among Pacaso’s early agent partners. “We like to be the first to do new things. In order to stay on top, you really have to embrace change and technology, and understand how it can work to your benefit,” said Josh. But they had plenty of questions. “When Spencer and Austin presented their business idea to us, my initial reaction was, ‘How is it different from a timeshare, how do people sell their shares, how do they get financing’ — just like any buyer hearing about it for the first time,” said Josh. “Because it’s a new company, it takes a second for clients to wrap their heads around it, but after conversations with the Pacaso team, all our questions were answered.”   After going through the sale process with Pacaso, which Josh described as “seamless,” he was convinced. “I looked at my brother and said, ‘This is going to be really big. This is going to be game changing.’” Matt said it didn’t take long for their team at The Altman Brothers to embrace the concept as well. “I explained the benefits of the Pacaso model for both the homeowner and the buyers, and the team got it very quickly.”   More importantly, the brothers have found second home shoppers to be highly receptive. “The best selling point for buyers is you don’t have to take care of the house,” said Josh. “That’s why a lot of people shy away from second homes. With Pacaso, you get the best of both worlds but for a much lower cost. My clients like it because of the ease.”   For Matt, Pacaso’s fully managed model is a huge perk for buyers. “Owning a second home isn’t easy — you have maintenance, which is an issue no matter how new the home is, you’ve got upkeep. With a Pacaso, you just walk in with your toothbrush and your clothes. It’s a great feeling with no stress. It lets you enjoy a second home like you’re supposed to.”  Being able to tap into the luxury market at a lower price point is a win for buyers, said Josh. “Pacaso has really expanded the buyer pool for second home ownership. Most of the world cannot afford a second home, but Pacaso unlocks a whole group of buyers who weren’t there before.” Matt added, “What’s so special about the Pacaso model is it enables someone to own a real second home for a fraction of the price. A typical second home is empty half the time, which doesn’t make sense financially.” And for real estate agents? Josh thinks working with Pacaso is a “no-brainer.” He said, “Not only can you sell Pacaso the house, you can then sell it up to eight times to the individual buyers. You get commission on the sale of all those shares. Pacaso looks out for the agent and makes sure they get paid what they deserve.”  Matt described it as “an incredible opportunity for agents,” pointing to one of their early success stories in Malibu. The Altman Brothers found a desirable home that seemed like a perfect fit for Pacaso. “It was a hidden gem, a small property right on the beach. As soon as it was in escrow, all eight shares sold almost immediately.” Looking to the future of second home ownership, the brothers agree Pacaso is onto something big. “Pacaso is really changing second home ownership, and I think this is just the beginning. Five years from now, people are going to own multiple second homes for one-eighth the price, and that’s a game-changer,” said Josh.  Matt said he’s considering a Pacaso for his own family. “I see Pacaso becoming a household name in the next few years. I live in LA, and this winter I thought about buying a second home in Big Bear. But I’m only going to use it a portion of the time —  I’d much rather buy a Pacaso knowing I’m only going to use it part-time, but I still have ongoing access to the home. It’s a great product.”

Beautiful American cities attract big businesses, and big businesses pay well for top talent, making metropolitan areas flush with million-dollar homes. But which cities lead the high-priced real estate pack? A 1. San Jose, CA Located in the heart of Silicon Valley, San Jose is the hotspot for 2. San Francisco, CA Just north of Silicon Valley, San Francisco has 42% of its homes valued at over $1 million. But the size of million-dollar homes in San Francisco varies widely depending on location and condition, with 700-square-foot condos in popular neighborhoods going for $1 million, and suburban homes with close to 3,000 square feet listed at the same price. The neighborhoods with the highest appreciation in San Francisco are just east of Lake Merced and bordering San Francisco State University.  3. Los Angeles, CA Are you starting to see a California trend? Los Angeles has long been known for pricey real estate, and its selection of million-dollar homes make up 19% of the market. The average size of million-dollar homes in the City of Angels is 1,720 square feet, with 92% of them built before 1999. The priciest neighborhoods include Bel Air, Brentwood, West Sunset Boulevard, and areas along the Pacific Coast Highway.  4. San Diego, CA San Diego continues the trend of expensive West Coast real estate, with 14% of the homes valued at over $1 million. Median home values in San Diego are around $665,000, with the majority of homes in the area priced between $596,000 and $894,000.  5. Seattle, WA Seattle’s 91% white-collar workforce is a contributing factor to having 11% of its homes valued at a million dollars or more. You’ll find the most expensive neighborhoods near Edgewater Park/Broadmoor, Laurelhurst, and East Roy Street at 24th Avenue East. Newer construction dominates the scene, with nearly 24% of all homes built since 2000.  6. New York, NY New York City is known for its expensive real estate, so it’s no surprise that the Big Apple made this list: 10% of homes are valued at a million dollars or more. But unlike many other urban areas in the U.S., New York’s dense population means that 95% of the city’s homes are apartments, not detached houses. One-bedroom apartments make up 39% of those units, and it’s rare to find a home with five bedrooms or more in the city.  7. Boston, MA In Boston 9% of the housing inventory is valued over $1 million. You’ll find Boston’s priciest real estate at Beacon Street near Fisher College and Boylston Street near Presidential Plaza. Boston is known for its history, and it’s not just monuments and museums — in fact, 50% of the city’s real estate was built before 1940. As a college town, Boston also has a high percentage of renters, with only 33% of homes occupied by owners. 8. Washington, D.C. Like Boston, Washington is a hotspot for American history, but with a larger inventory of newer construction homes: 34% of homes in the district were built before 1940. Million-dollar homes make up 7% of the D.C. real estate market, with Dupont Circle’s historic mansions, Georgetown and The Palisades among the city’s most expensive neighborhoods. Typical home values range from about $236,000 to $1.2 million, with no single price bracket cornering the D.C. market.  9. Miami, FL With glamorous mansions lining its waterways, million-dollar homes are part of Miami’s scenery, making up nearly 5% of the city’s homes. Miami also has some of the newest homes, with 27% of its housing constructed after 2000. Up-and-coming Miami neighborhoods include Buena Vista, City Center and Biscayne Boulevard at Miami Dade College.  10. Denver, CO The Rocky Mountain gem of Denver rounds out the list with 4% of its market consisting of million-dollar homes. Home values are pretty evenly distributed between $122,000 and $914,000, with 86% of them falling in this range. The city is also divided nearly equally between owners and renters, at 49% and 51%, respectively.

The demand for second homes is growing, but so are the barriers. With limited inventory and rising prices, many buyers are hesitant to take on the full cost and responsibility of a second property. Others worry about leaving a home unused for much of the year or managing short-term renters. That’s where co-ownership comes in. This modern approach to second-home ownership gives agents a powerful way to meet evolving client needs, earn more through commissions and grow your business in a changing market. With co-ownership, buyers purchase a share of a private, high-value home alongside a small group of other vetted owners. It’s an ideal solution for clients seeking more flexibility and accessibility than traditional second-home ownership, with greater equity and control. With Pacaso, clients benefit from a professionally managed LLC co-ownership model that offers true real estate ownership. While DIY LLC ownership has existed for years, it’s often difficult to manage. Pacaso simplifies the process by handling the management, maintenance and scheduling so your clients can enjoy their home for several weeks a year, minus the typical headaches of ownership. Co-ownership isn’t just a smart option for buyers, it’s a business-builder for agents. Whether your clients are priced out of full ownership or simply want more flexibility, co-ownership allows you to expand your reach and offer more tailored solutions. No matter where you’re based or licensed, you can refer clients to thousands of homes nationwide and in select global markets and earn a Want to take your business to the next level? Our free Co-ownership isn’t just a trend, but a smart, strategic way to meet modern buyer needs.

As you browse Pacaso listings, you may notice this repeated phrase: “The home comes fully furnished and professionally decorated.”  One standout feature of a Pacaso is the But a Pacaso is more than just a pretty face! Beyond the visible design elements, our homes are supplied with all the necessities and special touches that make an owner’s stay relaxing and easy. And for families with children or grandchildren, we've made sure our Family-Friendly Second Homes™ are equipped with all the essentials for a comfortable stay — we want you to spend less time packing and more time having fun! Here’s a peek inside the cupboards and closets of our Pacaso homes.  Dining delights Whether your idea of a dream dinner is a homemade multicourse feast or takeout by the pool, we’ve got you covered. Kitchens are stocked with all the food-prep essentials and then some, including an array of high-end pots and pans, pizza stones, mixing and measuring sets, German cutlery, and all manner of bakeware. Plus, countertop appliances like multicookers, stand mixers, blenders and more make it fast and easy to whip up your favorite treats.  When you don’t feel like cooking, you can serve fresh bakery croissants or a charcuterie assortment in style, using our sophisticated white porcelain china and Portuguese flatware.  For your morning pick-me-up, choose from Nespresso or standard brew (or use the electric kettle for a spot of tea). When winding down, our barware collection caters to nearly every preference, whether you bring along red, white, bubbly or create a custom cocktail. Bed, bath and … BBQ Beds are fitted with quality linens, luxurious duvets and assorted pillows. Bathrooms are stocked with plenty of towels, hair dryers, a scale and magnifying mirror, and basic toiletries like shampoo, conditioner, body wash and soap.  For homes with outdoor entertaining spaces, you’ll find gas barbecues, fire pits, outdoor drinkware and dinnerware and patio furniture. If the home has a pool, we even supply floaties for added fun, while Work and play If you need to catch up on work during your stay, you can count on high-speed internet throughout the home, a charging station and, in many homes, a dedicated work space. Once you’ve logged off for the day, sit down with the family to enjoy one of the provided games, like Jenga, backgammon or cards. If you’re looking for more modern forms of entertainment, never fear — all Pacasos have smart TVs and streaming services so you can catch a show, tune into your favorite sporting event or keep the kiddos entertained while you enjoy a quiet moment watching the sunset with a glass of wine. Speaking of little ones, our Family-Friendly Second Homes are equipped with kid-friendly dinnerware and cutlery, a high chair, booster seat and Pack ‘n Play. And homes in beachfront and warm climates come equipped with beach chairs and pool floaties for bonus fun in or by the water. Household necessities Need to clean up some spilled spaghetti sauce? Or change a light bulb in the hall? While we focus on luxury living, we’ve also prepared our homes for those less-than-glamorous aspects of daily life. Mops, brooms, cleaning supplies, extra light bulbs and batteries, an iron and steamer, and even a mini-toolkit are provided to ensure you have what you need, when you need it, to handle the little details of your stay.  See the full list of

More people are buying second homes than ever before. Although the pandemic-induced buying frenzy slowed in 2021, second homes purchases remain historically high. In popular vacation destinations across the country, demand continues to rise, as do prices, with nearly all top markets seeing To determine the “We know that the pandemic fueled a major surge in second home buying demand, and that national demand peaked in the Rural southeast counties had highest rates of growth In addition to revealing the top second home market in every state, the analysis also highlights the percentage of growth each market has seen over the past year. Perhaps surprisingly, Top 10 markets with biggest increases in share of second home rate locks in 2021 High-priced markets more likely to see declines in rate locks Some markets, despite their popularity, experienced significant declines in their share of second home sales. Dukes County, which includes Martha’s Vineyard and 10 other islands off the southeast coast of Massachusetts, is the top second home market in that state. Still, it saw the biggest year-over-year decline in second home share among all top 50 markets that made the list, down 19.4% from last year. With an average second home price of $1.6 million, Dukes County is also one of the most expensive markets.  Price increases and limited inventory may have contributed to the annual decrease, as well as the emergence of other, more affordable markets with more inventory. Teton County, Wyoming — home to the popular Jackson Hole ski resort — has the highest average second home sale price of all the markets on the list: $3.4 million. It also saw a moderate dip in the share of second home mortgage rate locks, down 7.9% from last year.  Find your second home with Pacaso With prices and demand for second homes continuing to rise in many areas, co-ownership offers a more accessible, simpler option for would-be buyers. Pacaso has co-ownership listings in destinations across the U.S. and in Spain, and is rapidly expanding to new markets. Methodology Pacaso identified the top second home market per state by selecting the county with the highest total percentage of second home mortgage rate locks between January 1 and October 13, 2021, in each state. Counties without at least 50 second home transactions in the period were excluded from the analysis.  Mortgage rate lock data is an indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. Second home mortgage rate lock transactions and average second home purchase price data were sourced at the county level. 

According to second home mortgage rate lock data analyzed by Pacaso’s research team, sales of luxury second homes and “Overall, luxury real estate exceeded expectations and outperformed the rest of the second home category and the overall real estate market in Q2 2022,” said Pacaso Co-Founder and CEO Austin Allison. “Despite a rising interest rate environment and growing concerns of a recession, it is clear that demand for this type of asset remains strong.”   The last two years, particularly during the peak of the pandemic, the housing market experienced record growth. Home price appreciation seemingly peaked in April of 2022, when it was up 21% nationwide. Today, the market is beginning to normalize from those unprecedented levels. In May, home prices decelerated for the first time in five months, but were up double digits year-over-year for the 16th consecutive month. The deceleration was partially driven by rising interest rates, an uncertain economy and geopolitical unrest in the Ukraine. Contrary to some headlines, many economists believe that the housing market will continue to grow through 2022, albeit not at the same pace as 2020 and 2021. The current volatility in the stock market has impacted many consumers’ overall net worth in recent months. This in turn drives many to look to more stable asset classes, such as real estate. “Affluent consumers tend to be more insulated from the impacts of an economic downturn,” continued Allison. “Some consumers will look to real estate as a more stable place to park their money during times of increased market volatility. Although they may trim their budgets, this group is less likely to completely drop out of the market. As a result, demand for luxury real estate remains strong, but the acceleration of home price appreciation for this category will likely continue to slow as we saw during Q2 2022.”  While interest rates are rising compared to record low rates during the pandemic, the housing market is still experiencing very healthy demand, particularly in the luxury second home segment. Thirty-year fixed rates rose above 5% in April for the first time in more than a decade. In the second week of June, interest rates rose by 55 basis points, which was the largest one-week increase since 1987. However, for the past 50 years, 30-year fixed mortgage rates have averaged approximately 8%, even crossing above a staggering 18% in the early 1980s. With rates averaging around 5% today, they are still relatively low comparatively. It is important to note that the total share of second home mortgage rate locks was 2.7% in Q2 2022, dropping below the pre-pandemic national average of 3.5% (based on second home mortgage rate locks between 2015-2019). The luxury category makes up approximately 12% of all second home mortgage rate locks. The median price for all second home mortgage rate locks during Q2 2022 was $435,000, which was up 19% year-over-year. Looking specifically at the luxury category, the median price was approximately $1.4 million, which remained relatively flat on a year-over-year basis. However, when it comes to second homes, more than 50% of buyers pay in all cash*. For this reason, looking simply at second home mortgage rate lock data is not the best indicator of true second home sales in the U.S. The median-to-lower end of the housing market, which makes up approximately 88% of all second home mortgage rate locks is being hit particularly hard, thus driving down total second home mortgage rate lock growth on a year-over-basis. In fact, numerous discount brokerages and mortgage companies are reportedly laying off agents in mass due to decreasing demand for median to lower priced homes.  Second home buyers were focused on locally-relevant destinations that feature outdoor attractions, many located along waterfronts, as the peak summer travel season approached.  “For the past two years, premier second home destinations like Aspen, Malibu and Tahoe experienced strong buyer demand,” said Allison. “As inventories were constrained and prices accelerated in those markets, buyers began looking to more locally-relevant destinations for their second home. In those markets, buyers can get a lot more for their money without sacrificing on the quality of their home or proximity to outdoor activities.” Coeur d’Alene, ID and Williamson County, TN experienced the largest year-over-year increase in the median purchase price for luxury second homes of 52% and 42%, respectively. These destinations offer a wealth of outdoor activities, such as hiking, mountain biking, and fishing, making them optimal second home destinations. Situated along Washington’s Puget Sound, Kitsap County, WA, which boasts miles of beautiful shoreline, golf courses, water activities, and boat excursions, saw the median price of luxury second homes increase 39% year-over-year. Cape Cod, MA experienced the largest increase in second home rate lock transactions during Q2 2022 (+236% year-over-year). Located just south of Boston, Cape Cod offers a wealth of outdoor activities, pristine beaches, five star restaurants and some of the best mini golf courses in the nation for family-friendly fun. Beachfront counties dominated the top ten list of destinations by transaction count, including  St. Johns County, FL which saw a 220% increase. Sevier County, TN, which is known as the gateway to the Great Smoky Mountains National Park, and Clark County, NV, home to The Last Vegas Strip, also experienced strong growth in second home rate locks, up 147% and 108%, respectively. Pacaso identified the nation’s top second home markets by compiling census data on counties with a percentage of seasonal homes and median home values at or above the top 20th percentile, and by excluding those below the bottom 10th percentile of counties with the fewest households. Pacaso then analyzed real estate activity in the top second home markets by observing mortgage rate lock data, a leading indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. For this analysis Pacaso’s research team looked at mortgage rate lock volume for both second homes and investment properties for Q2 2022 with a purchase price of greater than $1 million to focus on the luxury end of the second home and investment property category. Rate lock transactions and median purchase price data were sourced at the county level for counties that had a minimum of 5 second home transactions and aggregated quarterly, with Q2 representing the months of April through June 2022. * National Association of REALTORS®, June 2021

Many second home buyers are wary of high costs and ongoing maintenance, and worry they won’t have enough time to use their home. Pacaso is the best solution, according to San Francisco-based luxury real estate broker Roh Habibi of Sotheby’s International Realty. “Every complaint that I’ve gotten from my clients that own second and third homes in all these destinations — Pacaso has solved it,” said Roh, describing how Pacaso makes it easy for buyers to enjoy their second home. Plus, Pacaso handles the legwork, including tours, inspections and escrow. “For me as an agent, the Pacaso transactions are the easiest I will do all year.” Watch the video to learn more about co-ownership and the benefits of working with Pacaso, from easy in-person or virtual touring with clients to a generous and fast commission structure for agents.