The Pacaso blog

Short-term rentals have become a staple of modern travel, offering the comforts of home with the convenience of a hotel. Not only do they provide a flexible option for travelers, but also a potential source of income for homeowners. But turning a mountain cabin or beach house into a rental comes with its own considerations and trade-offs. Here’s what potential owners should know. 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,

If you’re exploring different Since this type of So, what is tenancy in common, and how can it help you purchase a primary or second home? Continue reading to learn about the pros and cons of this ownership model, plus the difference between What is tenancy in common (TIC)? Tenancy in common is a home ownership model that allows multiple individuals to own a single property, each holding a distinct share. Unlike joint tenancy, these shares don't have to be equal, making TIC a flexible option for diverse groups of varying income levels or investments. TIC agreements are usually very detailed, addressing various potential conflicts through comprehensive operating agreements. These documents outline financial obligations, maintenance responsibilities and exit strategies. In 2025, as housing costs rise, TIC is increasingly seen as an attractive path to homeownership since it enables individuals to pool resources. Each owner can independently sell, mortgage or will their portion of the property, offering significant autonomy. How a tenancy in common agreement works A tenancy in common agreement is a form of Here is how home buyers can become co-owners within a tenancy in common: 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.  How to 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 financing a tenancy in common, you have two options: Simply put, the main attraction of Tenancy in common property taxes 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. Pros and cons of tenancy in common 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. Let’s dive into the pros and cons of tenancy in common. Tenancy in common advantages Here are the core advantages of opting for a tenancy in common agreement: Tenancy in common disadvantages Although a TIC agreement can be an easily customizable and flexible ownership arrangement, it also has its drawbacks, such as: Tenancy in common example  Now that you understand the basics of how tenancy in common operates, let’s see how this ownership model plays out in a real-world example.  In this scenario, three families enter into a tenancy in common agreement: The story above illustrates how Tenancy in common vs. joint tenancy  The major difference between Let’s break down both co-ownership types: Comparing the different types of tenancy  To understand property ownership, you have to differentiate between the various types of tenancies — and there's more than just the two we've mentioned already.  Ultimately, the type of tenancy you should choose should be determined by your personal situation, legal status (like whether you're looking to buy as an individual or as a How to 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.  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.  If the co-ownership aspect of a tenancy in common appeals to your real estate goals and you’d like to skip property management altogether, Pacaso offers

Your second home should be a place to relax and unwind — without having to worry about nagging Here’s a closer look at what vacation home management typically involves, and how Pacaso’s approach goes above and beyond traditional solutions. Here’s what professional Property maintenance and upkeep Routine maintenance is at the heart of vacation home management. This includes landscaping, inspections, and repairs to keep the property in top condition year-round. Proper upkeep not only preserves your home’s value but also ensures it’s always ready for a relaxing stay. Many vacation home management companies will also be responsible for seasonal upkeep like leaf removal and snow clearing to keep the home in pristine condition year-round. Vacation home cleaning services Between stays, homes require thorough cleaning and preparation. Cleaning and turnover services make certain that every visit feels relaxed and welcoming, from fresh linens to spotless kitchens and bathrooms. Financial management and bill handling Managing a vacation home involves more than upkeep. The best property managers often include handling utilities, taxes, HOA fees, and insurance—freeing owners from the administrative burdens of property ownership. Guest and owner access coordination Scheduling stays, managing keys or smart locks, and coordinating arrivals and departures is another critical component of vacation home management services. Effective access coordination ensures that both owners and guests have a smooth, stress-free experience. Security and home monitoring Finally, professional vacation home management services often include monitoring the property to safeguard against issues while the home is unoccupied. This can range from smart home alerts to routine inspections, giving owners peace of mind no matter where they are. The challenges with vacation home management companies Even with professional management, many homeowners face challenges that can make vacation home ownership stressful. Understanding these common pain points helps find the best vacation home management solution for you. High costs and hidden fees Many traditional vacation home management companies charge steep service fees, often with extra costs for maintenance, turnover, or concierge services. These expenses can add up, cutting into the enjoyment and financial value of owning a second home, so it’s important to consider Impersonal interactions Some vacation home property managers operate like faceless service providers. Owners may find communication transactional, with little personalized attention or understanding of their preferences and lifestyle. Difficulty reaching support Getting timely help can be a challenge, especially when urgent maintenance issues arise or last-minute scheduling changes are needed. Limited responsiveness can leave owners feeling frustrated or unsupported by their vacation home manager. Limited flexibility Traditional management companies may not accommodate unique homeowner needs, whether that’s last-minute bookings, customizing interior touches, or coordinating with family schedules. Inconsistent standards Not all vacation home management companies maintain the same level of quality across cleaning, maintenance, and upkeep. This inconsistency can affect the guest experience and the property’s long-term condition. Turnkey vacation home management with Pacaso When you co-own a luxury vacation home with Pacaso, you gain true freedom from the burdens of traditional home ownership and the hassles of managing a second home. Pacaso’s fully managed approach ensures every detail is handled, delivering a seamless ownership experience crafted for your relaxation and enjoyment. Stylish interior design and furnishings Outfitting a second home can be time-consuming and costly, which is why Pacaso’s turnkey property management ensures your home is ready for comfortable living from day one. Our goal is to provide you with a second home that is both beautiful and functional.  Our team of interior designers gives each home a thorough makeover, selecting custom furnishings, artwork and accessories that complement the home’s architectural style and layout, making your vacation home interior design feel effortless.  We balance modern design with comfort to create livable luxury. Pacaso owners should feel as comfortable — or more comfortable — in their second home as they do in their primary residence. In addition to furnishings, homes are fully equipped with Design Certified Our top-tier vacation home management services begin before you even walk through the door. Our team of in-house interior designers works tirelessly to create a beautiful space that is unique, inviting, and functional. Every Pacaso home is part of our Impeccable turnover services and maintenance Maintaining a second home from afar can be a challenge, and once you’re there, you want to focus on relaxing—not spending time on vacation home cleaning and upkeep, or a pesky After each owner’s stay, the home is thoroughly inspected and cleaned, and any maintenance issues are logged and resolved. Preventive vacation home maintenance services are scheduled to address potential problems early, and reserves are set aside for long-term or unexpected issues, like replacing an appliance that stops working.  We also supply items like light bulbs and batteries so owners can easily take care of minor issues without needing to run to the store. Pacaso’s vacation home management team also makes sure the property looks great year-round, with regular landscaping and region-specific upkeep like snow removal, so your home stays pristine and ready for every visit. Streamlined bill management When you co-own a home, you need a fair and centralized system of billing. Pacaso property management makes this aspect of ownership simple. For each home, we create an annual Ongoing dedicated support Your relationship with Pacaso doesn’t end with your purchase. You’ll have a dedicated Home Manager to support you before, during, and after your stays.  Your Home Manager or our 24/7 Central Support crew handle any maintenance issues, so you’ll never have to worry about second home management, finding service providers, or scheduling repairs. We also check in with owners to see if their needs are being met and provide an opportunity for feedback. Our number one priority is ensuring Pacaso owners have a The Pacaso property management team Meet some of the Pacaso Home Managers and get an inside look at their day-to-day work as vacation home property managers. Lindsey Harden (Tahoe) In the Tahoe region is Senior Home Manager, Lindsey Harden, who shares the care and service owners can expect. Aaron Olthoff (Colorado) If you’re an owner in Colorado, you’ll get to know Aaron Olthoff. He shares how he keeps every Pacaso home in the iconic Rocky Mountain towns in top condition all year long. Discover the ease of turnkey property management with Pacaso and take the next step toward second home bliss.

You’re considering becoming a homeowner but aren't sure you can afford to do it alone. This is where Here is what you need to know about co-ownership, including how it works, its benefits and drawbacks, the differences between co-ownership and whole home ownership and how to get started. What is co-ownership? Co-ownership occurs when two or more parties jointly own an asset such as a home. In this arrangement, all owners are listed on the asset's title, signifying that each holds a specific percentage of ownership. Opting for co-ownership means entering into a legal and financial partnership with the other buyers and an agreement about shared property access. How does co-ownership of a house work? Co-owners of a house share obligations like property taxes and mortgage payments. Each co-owner must agree to decisions like renovations made to the property. Co-owners are also typically Shared ownership homes may work through either a joint tenancy structure or a What is a co-owned home? A co-owned home is a property purchased and owned jointly by two or more people. All owners are included on the title of the home, and all parties hold a portion of ownership in the property. When you buy a shared ownership house with other buyers, you enter into a financial and legal partnership and a new living arrangement. Why is co-ownership on the rise? Co-ownership has traditionally involved a group of friends or family members coming together to buy a second home, or a child inheriting a house from their parents or grandparents. While co-ownership isn’t a new concept, it has become a more viable Types of co-ownership There are different Tenancy in common A tenancy in common (TIC) is for two or more people with an ownership interest. Tenants may have unequal investment stakes. For example, one owner might have an 80% interest with two co-owners at 10% apiece.  Often, this corresponds to the financial investment contributed at the original purchase. Unless explicitly stated otherwise in the deed, TICs do not have rights of survivorship. Property shares pass to an heir if a tenant dies instead of the remaining tenants. Tenancy in common is available for everyone, regardless of their marital status. Joint ownership All tenants are granted their deeds at the same time and, upon death, agree to pass the property on to their co-owners via survivorship rights to avoid probate. Owners must demonstrate the “four unities” to qualify: Community property Married couples may co-own title as community property in nine states: Arizona, Texas, California, Idaho, Louisiana, Nevada, New Mexico, Washington and Wisconsin. These states recognize couples as a single financial entity. A right of survivorship must be specified so that when one spouse dies, the other can automatically take over the title. Unlike JTWROS, there’s no guarantee of automatic survivorship rights. Tenancy by the entirety Married couples can also choose tenancy by the entirety (TBE) as their co-ownership model. TBE is a type of joint tenancy that comes with survivorship rights. This ensures the property avoids a costly probate process and passes immediately into the widowed spouse’s hands. Tenancy by the entirety views couples as one financial entity, so the property is considered to be owned by “one person.” Modern co-ownership Pacaso is an example of modern co-ownership, the new way to co-own luxury vacation homes. Modern co-ownership comes with some key differentiators, such as: Pros and cons of co-owning a home As an alternative to buying a whole second home, co-owning a house offers owners a unique set of benefits for buyers, as well as things to consider: What’s needed to start a co-ownership agreement? Whether you are doing Common elements of a successful co-ownership agreement include: Types of co-owners You can co-own a home with a family member, friend and even a stranger. The people you’re looking to co-purchase a home with could influence the type of co-ownership. For example, friends, partners and strangers might consider a TIC or joint ownership, while married couples might benefit from community property and TBE. Buying a home with other people is a major undertaking, regardless of the co-owner. Not only is DIY co-ownership challenging, but it also presents factors outside of your control. Job changes, financial disruption, health issues and other major life and lifestyle changes could impact each person’s commitment to the second home.  Co-ownership mortgage differences If you decide to purchase a home through co-ownership, you and your co-owners will likely take out one mortgage loan — unless you plan on paying all in cash. Advantages of co-ownership mortgages include: But you’ll also need to consider: If you are co-purchasing a home part of a TIC, you may qualify for a fractional loan that reduces your financial responsibility to only your loan and not your co-owner’s. However, Differences between a co-signer and co-buyer A co-buyer (or co-owner) is different from a co-signer regarding ownership and payment. Co-signers take full responsibility for a loan along with a primary signer, but they do not have any ownership rights to the home. In contrast, a co-buyer has equal or similar rights to other buyers co-owning the home. Another difference is that co-buyers are responsible for payment from the start of the loan. Co-signers, however, only assume responsibility if the primary signer is unable to make their mortgage payments. Selling a home with co-owners If you decide to sell your home, there are scenarios to consider: The first is where all owners want to sell, and the second is when one owner wants to sell their ownership interest but the others do not. If all owners of a co-ownership property decide to sell, the situation is less complicated, as there would be no debate over the right to sell. Outlining these terms in the co-ownership agreement from the beginning is critical. What happens when only one person wants to sell? With certain co-ownership models like tenancy in common or joint ownership, you have the right to sell your interest in the home. While you cannot sell without the permission of the other owners (as you do not hold sole ownership), you can still share your share at any given time once approved. The buyer of your share — which could be another co-owner — would take on the same portion of ownership that you held in the property.  H2: Co-ownership vs. fractional ownership While co-ownership and However, unlike timeshares, co-ownership and fractional ownership models provide deeded ownership, Tips for co-buying a house If you’re thinking co-buying is for you, here are some additional tips to consider: Co-own a home today Co-owning a home empowers people to own property and build equity while lowering the financial and logistical burdens of buying and owning a whole house.

Alternatives to buying a vacation home reimagined Buyers today want more flexibility and less hassle from their second home. That is why many are exploring alternatives to buying a vacation home outright. Co-ownership offers access to premium homes, professional management, and scheduling that matches real usage — while traditional paths like sole ownership and vacation rentals come with trade-offs. Below, we compare these models across top destinations and share real examples to help you decide what fits your lifestyle. What a co-ownership home looks like in top markets In mountain destinations like Vail, co-ownership is gaining momentum as buyers seek turnkey access near the lifts without year-round oversight. In coastal hubs like Miami, city recognition of co-ownership models has created clarity for owners exploring alternatives to buying a vacation home. And in global capitals like Paris, evolving short-term rental rules are prompting second-home buyers to consider ownership structures designed for personal use. Browse our collections in In Vail, interest in fractional and shared ownership has risen alongside demand for premium, slope-accessible homes. Buyers who want consistent access during peak ski weeks are turning to professionally managed co-ownership for predictable stays and high-quality upkeep without personal oversight. After a day on the slopes, visitors often enjoy the vibrant atmosphere of the For easy ski access and a private base in Vail, Miami Beach has formally recognized co-ownership, signaling that shared ownership of single-family homes can be an accepted path for second-home use in the city. At the same time, national second-home demand has cooled, pushing many buyers to rethink traditional models and consider options that align with how often they actually use a home. In Paris, regulators have tightened rules on short stays, and the city continues to scrutinize conversions that remove residences from the traditional housing stock. For second-home buyers who prefer predictable personal use, these shifts highlight the value of ownership structures designed for owner stays rather than short-term rental activity. Why a co-ownership home often fits real usage Most second homes are used for a limited number of weeks each year. A co-ownership home aligns ownership with actual use, supported by equitable scheduling and professional care so the home is guest-ready each stay. Independent research shows co-owned homes see substantially higher owner use than traditional second homes, reflecting an efficient model that matches modern travel patterns. Where sole ownership still fits Whole ownership remains the right choice for some buyers, especially if you plan extended stays, desire full control over design decisions, or want year-round access without sharing. The trade-offs include higher capital commitment, carrying costs during periods of low use, and the need to coordinate vendors and logistics when you are away. Pros and cons by ownership model How to choose your best path Use your expected weeks per year and destination preferences as your guide. If you value predictable access to a top-tier home without year-round oversight, co-ownership is a strong fit among alternatives to buying a vacation home. If you want extended stays with total control, sole ownership may be right. If you enjoy variety and spontaneity, short-term rentals can work when local rules are clear. Start your search for shared luxury living Explore co-ownership options in your favorite markets and see how the model fits your calendar. Tour our collections in

Second home traditions become the heart of family life A second home is more than an address. It is a familiar backdrop for holidays that start to feel effortless, summer weeks that always include the same hike or beach day, and milestone moments everyone can count on. With Pacaso co-ownership, families return to the same beautifully designed home again and again, so the rituals stick and the planning gets easier. Build traditions with a second home in iconic places Anchor family time in world-class destinations and enjoy the same rhythm every visit. Spend spring art walks and café stops in Paris Kiawah Island Los Cabos San Diego Breckenridge London Host holidays and milestones with less effort With Pacaso co-ownership, you enjoy the right amount of time in a designer home, which makes it easier to plan repeat holidays and celebrate life’s big moments. If you plan to buy a vacation home through co-ownership, align on a few meaningful dates and let the setting do the work. The lifestyle benefits families value year after year If you want to buy a vacation home for shared time, consistency matters for your second home. Pacaso homes are move-in ready, professionally furnished and designed for gathering, so the focus stays on time together. Here are simple reasons traditions take root: Anchor your year in a second home that matches your dreams Ready to make tradition part of your calendar every year? From an urban base like

It seems almost too good to be true: Own a piece of vacation heaven, a guaranteed yearly getaway, at what appears to be a pretty affordable price. That’s the promise of timeshares — shared ownership arrangements that give multiple buyers the right to use the same property for specific periods each year.  But when you take a closer look at how timeshares work, you may find yourself with questions about their flexibility, long-term value or hidden fees. So, Before deciding, it’s important to understand what a timeshare really is and explore modern alternatives that offer real ownership and more freedom in your path to How do timeshares work? A timeshare is a shared vacation property ownership model, most often connected to hotels or resorts. Instead of one buyer owning the property outright, the ownership is divided among multiple people (typically up to 52) so each person has the right to use it for a set number of days or weeks per year. Think of it as purchasing time rather than the property itself. Owners don’t hold full real estate ownership but instead secure the right to stay in the same accommodation at recurring intervals. For example, if a unit is divided among 52 owners, each person usually gets one week of use annually. This arrangement makes vacation homes more affordable while guaranteeing consistent access to popular destinations. However, it’s important to note that timeshares generally tie you to a single property, unlike Here’s a closer look at the general steps that show how timeshares work: Real-world timeshare example Let’s say your family buys a timeshare property in If you vacation there for ten years straight, you’ll have spent $38,000 ($25,000 initial cost + $1,300 annual fee x 10 years) plus any additional maintenance fees. Divided across 140 nights (14 per year), that adds up to $271 per night, which may be cheaper than the cost of the room if you book on the resort’s website. The potential savings via a long-term contract are why some people find timeshares so appealing. The success of the timeshare model depends on each unit being owned by multiple parties, often dozens at a time. Owners don’t always live nearby either— the average distance between a timeshare and an owner’s primary residence is over 1,000 miles. According to a With so many options available, it helps to understand the different types of timeshares and how each one works. There are many types of timeshares, but most fall into two main contract structures. Deeded timeshares Deeded timeshares divide ownership of a property into smaller shares that reflect how long you can stay. For example, a property split into two-week intervals would have 26 owners. The most common model is a 52-part split, one for each week of the year. With a deeded timeshare, you hold real ownership that can be sold, willed to family, or transferred. Most timeshares in the U.S. are deeded. Right-to-use (lease) timeshares Right-to-use (RTU) or leasehold timeshares operate more like a long-term rental. Instead of owning a portion of the property, you lease the right to stay for a set number of years—commonly 20 to 99. Once the contract expires, your usage rights end. Like deeded models, you’ll still share the property with other owners, often up to 52 families. With an understanding of the two main types of timeshare contracts, let’s explore the three primary ways vacation time is divided among owners. To avoid a Ultimately, ask yourself: "Is this a place I want to stay year after year?" This can help you determine if a timeshare is right for you. Fixed-week timeshare Fixed weeks mean you’re locked into the same week every year (say, the third week in April). While this offers the predictability of always having your vacation secured at a specific time, it also means your travel dates are rigid. Changing your fixed week usually comes with a hefty price tag in the form of an upgrade fee, if it's even possible, making it less flexible for those whose schedules vary from year to year. Floating-week timeshare Floating weeks let you choose your week seasonally. This offers more flexibility than a fixed-week model, since you're not tied to the exact same dates every year. However, that flexibility comes with a trade-off: floating week systems are very competitive among timeshare owners, and the best slots during high season get snatched up quickly.  You'll often need to book far in advance to secure your preferred dates. If keeping your Points-system timeshare Some timeshare properties operate with a points system where you “pay” for your stay with points, giving you greater flexibility in how you travel. This means you're not restricted to a single property or a specific time slot each year.  Choosing an off-season, weekday stay or downgrading to a smaller room may cost fewer points overall, allowing you to stretch your points for more frequent, shorter getaways or save them up for something bigger.  By contrast, you can also use points to upgrade components of your vacation, such as getting a bigger room or a better view — or even enjoy another How much does a timeshare cost? A timeshare's cost involves two main components: an initial purchase price and ongoing annual fees. In addition to the upfront payment, you'll be responsible for Be sure to check the terms of your timeshare contract before signing. This document should outline all of the one-time and ongoing costs, including: Financing a timeshare Banks typically do not offer loans for timeshares, leaving buyers with limited financing options outside of the timeshare company itself. With little competition, some companies rely on high-pressure sales tactics and may charge interest rates between 14% and 20%—significantly higher than most second-home loans on the open market. These factors can greatly increase the overall cost of a timeshare, making it crucial for buyers to carefully review the full financial commitment before signing any agreements. Using a What are the pros and cons of a timeshare? However, there are downsides to consider. Annual fees and special assessments can be costly, and selling a timeshare on the secondary market can be challenging if it’s no longer the right fit. The industry has also gained a reputation for high-pressure sales tactics. Additionally, timeshare ownership typically does not provide the financial benefits of traditional real estate, such as equity growth, What does exiting a timeshare look like? If a buyer eventually decides to sell their timeshare, recouping the initial investment and yearly maintenance fees can be difficult. While new timeshare sales continue to grow, the resale market is flooded, with While exiting a timeshare is notoriously challenging, there are six Learning each strategy’s associated costs and understanding which strategy works best for you will help streamline the overall process. What are some timeshare alternatives? With the high costs and limitations associated with timeshares, it’s recommended you first From second home co-ownership and vacation home ownership to vacation rentals, travel clubs, and resorts, each timeshare alternative comes with its own set of features. Options differ in flexibility, ownership structure, fees, and overall cost, allowing vacationers to choose what best fits their needs and lifestyle. What’s the difference between fractional ownership and timeshares? When comparing The benefits of fractional ownership become clear across factors like the number of owners, scheduling flexibility, equity, management, maintenance, building type, cost, and resale value. Fractional ownership generally means fewer owners, more flexible scheduling, and a share that can appreciate over time. Owners also enjoy the comfort of luxury vacation homes rather than individual units within hotels or resorts. What’s the difference between vacation clubs, timeshares, and second homes? The main Owning a second home — usually a vacation property separate from your primary residence — offers you the freedom to visit multiple times per year, potential property appreciation, and the ability to avoid the challenges of reselling a timeshare. How does Pacaso differ from timeshares? And should you decide to sell, you can sell at any time, at the price you set. Learn more about how co-ownership of a second home works with Pacaso and Here’s how traditional timeshares Benefits Pacaso offers With Pacaso, you enjoy the

Behind the scenes of every breathtaking estate, ocean-view villa, or designer penthouse is luxury property management — an entire ecosystem that ensures every detail runs flawlessly. From seasonal maintenance to anticipating an owner’s preferences before they arrive, luxury property managers operate with precision, discretion, and an eye for perfection. Luxury property management vs. traditional property management While traditional property management focuses on efficiency and occupancy, luxury property management services Traditional Luxury property managers serve less as building supervisors and more as stewards, blending operational expertise with hospitality-level service. Where standard managers respond to issues, luxury managers anticipate them — protecting not only the property but the lifestyle it represents. Here’s how traditional and luxury property management services compare across key aspects of service, clientele, and approach: What are some key luxury property management services? At the heart of luxury property management is a commitment to proactive care and personalized service along with the ability to foresee needs before they arise. While the scope of services varies by company, all luxury property management companies blend operational excellence with high-touch attention to detail, ensuring that each home is functional, comfortable and flawless. Core services and operations These foundational services form the backbone of any luxury property management company: Home presentation and upkeep Beyond operations, a luxury property manager also emphasizes the visual and experiential aspects of ownership by maintaining beauty, functionality, and a sense of refinement throughout the home. Concierge and lifestyle services The extent of concierge offerings varies by provider. Some luxury property management companies offer services like: What does luxury property management look like for vacation homes? Owning a second home in a sought-after destination like a ski retreat in Luxury property management provides the local presence every second-home owner needs to keep the home meticulously maintained and fully prepared for every arrival. From remote oversight and seasonal maintenance to vendor coordination and home readiness, professional management keeps properties running year-round. Before each stay, the home is refreshed to perfection: fresh linens, stocked pantries, ideal climate settings, and personalized touches that make it feel instantly familiar. When the season ends, the same team oversees winterization, storm preparation, and maintenance closures to protect the home’s value and condition between visits. Whether it’s care specific to What are some emerging luxury property management trends? The world of luxury real estate is evolving fast — and so is the way these properties are managed. As technology, travel, and lifestyle expectations shift, luxury homes are becoming more connected, data-driven, and experience-oriented than ever before. Co-ownership models Modern buyers are prioritizing flexibility over full-time responsibility. Co-ownership models like Pacaso gives owners access to luxury vacation homes without the year-round responsibilities of upkeep, coordination, or constant oversight — with a luxury property manager handling every detail, from maintenance to home readiness and owner support. Smart technology Smart home automation allows owners to manage every aspect of their property remotely — adjusting lighting, temperature, or pool systems with a tap, or monitoring security feeds from anywhere in the world. For managers, it provides real-time visibility into maintenance needs, energy efficiency, and occupancy patterns, allowing them to respond before issues arise. From automated climate control for art collections to AI-powered systems that learn owner preferences, the smartest homes operate seamlessly behind the scenes. Wellness and experience design Homes are increasingly curated around wellness with built-in features like home gyms, spa suites, air-quality systems, and biophilic design elements that promote calm and balance. Sustainability High-end estates and luxury property management companies are embracing environmentally conscious practices that enhance both the efficiency and longevity of the homes they oversee. Features and eco-minded strategies like solar The new standard of home ownership with Pacaso Today’s luxury homeowners are looking for more than a property — they want freedom, flexibility, and a trusted partner to handle the details. Pacaso represents the new standard in luxury property management: professionally managed co-ownership that delivers all the benefits of owning a second home, without the hassles of full-time, traditional ownership. Each Pacaso home is

San Diego luxury homes for terrace entertaining San Diego luxury homes make outdoor entertaining effortless, thanks to expansive terraces, ocean breezes and seamless indoor outdoor flow. From casual sunset cocktails to formal dinners, terrace homes create room for every gathering style while taking full advantage of the region’s mild climate. Co-ownership with Pacaso lets you enjoy these spaces in a professionally managed home, without the hassle of upkeep. Why terraces shine year-round in coastal San Diego Outdoor living is more than a design preference here, it is a lifestyle. Buyer interest in terraces, outdoor kitchens and entertainment zones in San Diego luxury homes continues to grow across the high-end market, and early spring momentum underscores the appeal of these spaces as the weather warms. In fact, homes listed in late March to early April have historically sold for about 2 percent more in San Diego, aligning with peak enthusiasm for outdoor living. Design trends shaping San Diego luxury homes Today’s terraces are purposeful, flexible and made for hosting. Consider these design moves when evaluating terrace homes or planning your next gathering space: Must-have amenities for terrace entertaining Entertaining works best when the terrace is as functional as it is beautiful. Prioritize amenities that keep the party flowing: For sky-high gatherings, Hosting tips for refined outdoor gatherings A well-planned terrace invites guests to relax and linger. These simple strategies keep events polished and low effort: Steps from Windansea Beach, Where terrace homes shine in San Diego Terrace homes with panoramic views cluster in standout neighborhoods. La Jolla offers bluffside decks and walkability to How Pacaso co-ownership fits your lifestyle Pacaso pairs the allure of San Diego luxury homes with a modern way to own. Enjoy professionally managed, designer-furnished homes with expansive terraces, without the stress of full-time upkeep. While individual listings in the top tier have recently taken longer to transact in the broader market, co-ownership offers a streamlined path to step into the lifestyle and start hosting sooner. Experience terrace living in San Diego Ready to host on your own terrace with ocean views and a chef-worthy outdoor kitchen? Explore available homes in

Turnkey homes: Guide to effortless London living For many buyers, the pace of life in London makes time the ultimate luxury. That is why turnkey homes are so compelling. These fully finished, beautifully furnished residences let you step into the city and start living right away. For those considering luxury homes in London as a second address, Pacaso co-ownership offers a straightforward path to a turnkey home in prime neighborhoods without the workload of sole ownership. What turnkey means in London today In London, turnkey describes homes that are fully designed, furnished and equipped to a high standard, so you can enjoy the space immediately with no additional work. Demand has climbed notably in Prime Central London, where convenience is paramount. Recent analysis notes that 17 percent of London buyers now prefer homes that require no additional work, with the figure rising in prime and super prime segments ( The market has even embraced a super turnkey standard that layers designer furnishings, curated art and finishing touches onto already completed residences, offering immediate enjoyment with minimal decisions for the buyer Tucked in Mayfair, Benefits of turnkey homes you feel from day one Turnkey homes for sale in prime London neighborhoods If you are shortlisting turnkey homes for sale, focus on essentials that enhance daily life in the city. Use this quick checklist to keep your search efficient and on point. On Mayfair's only gated street, How Pacaso co-ownership makes London effortless Pacaso curates and designs fully furnished homes, manages care and simplifies scheduling so you spend time enjoying London, not maintaining a second address. Co-ownership gives you access to beautifully finished spaces in exceptional areas, with ownership structure and professional management that keep everything running smoothly. In Chelsea, Design details that define luxury homes in London Great turnkey design blends British character with modern ease. In luxury homes in London, look for details that feel considered and practical for daily use. In Belgravia, How to choose your London base Make London yours without the work Turnkey homes align perfectly with how buyers want to experience the city. Explore Pacaso turnkey homes for sale in prime neighborhoods and see how co-ownership can simplify your London life. Start with our

For those who love to travel, do so frequently, and want more out of their accommodations than simply a hotel room, vacation clubs and fractional ownership programs can be very appealing. While Two of the best known are How does Equity Estates work? A common gripe about timeshares is that you pay a lot of money into the program, yet you gain no equity in the properties you visit each year — you get only the right to use the property. Equity Estates offers an alternative. Instead of paying a membership fee, you contribute to an investment fund that buys you shares of the Equity Estates property portfolio. Down the road when your defined liquidity date arrives, the residences are sold and investors are paid back 100% of their initial capital contribution, plus 80% of the profits.  Properties and destinations During the years between investment and disbursement, investors enjoy access to 60+ destinations across over 25 countries. The properties are private, luxury homes valued between $2 million and $5 million, with amenities like oceanfront views, ski-in/ski-out access, swimming pools and private club access.  Access Depending on your level of investment, you’ll get a set number of nights per year. Equity Estates promises better availability than timeshares since homes are only available to investors. Cost In addition to your initial investment, which can start at $145,000 or more, investors pay annual fees to cover maintenance, daily housekeeping, a personal travel concierge, destination manager and local hosts.  How does Inspirato work?  Inspirato also promises luxury vacations at upscale private homes around the world, but the structure of the program is quite different from Equity Estates. Inspirato is set up as a subscription model featuring three tiers with varying levels of cost and benefits.  The Inspirato Pass The Inspirato Pass is the company’s core offerings. For a $2,550 enrollment fee and a monthly subscription of $2,550, members can choose from over 1.5 million Pass Trips, with all nightly rates, taxes and fees included. And it’s not just homes. You can also stay at top hotels and resorts and choose from cruises, safaris and guided tours. The pass is designed for travelers with flexible schedules, as you have to complete a booked reservation before scheduling your next trip. It’s also ideal for those who want to travel frequently but want the planning to be simple and straightforward.  Inspirato Club The third option, the Inspirato Club, costs $650 per month. Travelers get access to the Inspirato Collection of properties and experiences, with members-only nightly rates and travel planning assistance.  Inspirato luxury homes are owned by the company, but they have partnerships with hotel, resort and travel brands, ensuring you have access to stays and experiences all over the world.  Which option is right for you?  Whether you choose to go with Inspirato or Equity Estates depends on what you’re looking for out of a vacation club.  The people who join Inspirato tend to be frequent travelers who spend a lot on travel each year and have a flexible enough schedule to work around some of the inherent booking limitations.  Equity Estates appeals to people who spend significant amounts each year on travel, but want to see some return on their spend. Because of the potential for investment gains, the initial investment is higher than other options.  Equity Estates pros and cons Inspirato pros and cons Now get to know Pacaso Equity Estates and Inspirato aren’t the only innovators in the world of luxury travel. In fact, Pacaso takes the best of what these companies offer and delivers a smarter way to enjoy second home ownership.  With Every Pacaso home is fully managed, professionally designed and ready for you to enjoy, with equitable scheduling among owners.  Pacaso co-owners purchase shares in a property-specific LLC, and when you’re ready, you can sell your share to realize any returns on your property.   Comparing Pacaso and Inspirato An owner’s view of the differences Pacaso owner Mark also has an Inspirato membership. While he uses his Inspirato to “fill the gap” when he wants variety in destinations, he says he loves that his Pacaso gives him true ownership in a destination he loves.  “We’re kind of creatures of habit,” Mark said. “We like to go back to the same place that we know. We know it’s going to be quality. We get to know people in the community … it’s a totally different animal, and we prefer having the house.”  

There are so many ways to vacation: the consistency of a hotel, the extra space in a vacation rental, the structure of a What is a luxury vacation club?  A vacation club is a membership-based program that gives participants access to thousands of hotels, rental vacation homes and travel experiences. Luxury vacation clubs take these offerings to the next level, with an exclusive, curated collection of Many large hotel chains — Hilton, Marriott, Hyatt and Wyndham, for example — have travel clubs designed around their own collection of hotels and resorts. However, the most exclusive, high-end vacation clubs operate independently of a single hotel brand, offering their members a wide range of options.  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. Costs can range from a few thousand to much more, depending on how exclusive the club you join is. Then, you’ll pay annual dues, with prices fluctuating based on how much you want to travel each year.  In exchange for your investment, you have access to a wide range of accommodations and experiences, many with better perks, lower per-night costs and more options than you’d find if you booked on your own. Some 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 high-end homes, hotels and experiences in the most sought-after vacation destinations. Service is Inspirato’s hallmark, including travel planning, an on-site concierge, daily housekeeping and more. A rewards program provides extra discounts, early access to special events and complementary guest passes, depending on how much you spend each year.  Inspirato offers two tiers of membership: Inspirato Club and Inspirato Pass. Inspirato Club, a traditional vacation club membership model, lets you choose between a monthly or annual membership, both of which will set you back $7,800 per year. The monthly membership is more flexible, allowing new members to try out an Inspirato membership without a large upfront investment, but the monthly membership does require a $650 enrollment fee. The Inspirato Pass is a more flexible, monthly subscription model. For $2,550 per month, members can book Pass Trips from a list of over 1.5 million options, with nightly rates, taxes and fees included. There are limits to how many trips you can have reserved at a time. Exclusive Resorts  If Inspirato is a luxury vacation club, Exclusive Resorts is an ultra-exclusive vacation club. Their 4,000 members have access to 400 exquisite homes and expansive experiences in 75 global destinations. Most of the homes are owned by Exclusive Resorts, which allows for a consistently high level of service and amenities. Members enjoy the services of a travel planner before each trip, plus a dedicated concierge at the destination.  Exclusive Resorts invites only about 200 new members each year. Members pay a $195,000 initiation fee for a 10-year plan, plus $42,250 each year for 25 travel days. Solstice Collection Solstice Collection offers a more intimate luxury club 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 home you want. All of the homes in their portfolio are in the multi-million-dollar range and they include a sunny hillside estate in Cabo San Lucas, a historic palace in Florence and a private beach oasis in Koh Samui.  The costs of Solstice Collection membership include a one-time initiation fee of $15,000, plus annual dues ranging from $49,000 to well over $100,000, depending on how many nights you’d like to travel.  What’s the difference between a vacation club and a timeshare? While both In terms of financial investment, both timeshares and vacation clubs require an upfront payment and ongoing dues. However, timeshare owners often get saddled with maintenance fees, taxes and special assessments. And timeshares can be notoriously difficult to resell. How is Pacaso different? Luxury vacation clubs offer access to incredible properties around the world. So does Pacaso, with one major difference: You own your second home.  Discover how Pacaso stacks up against Inspirato. Pacaso uses an innovative With homes available from

When it comes to buying a house — whether it’s a primary residence or a vacation property — doctors are in a unique situation. Many doctors are considered high earners, but it can take years for the hard work to pay off. What’s more, many younger doctors are saddled with a large amount of student loan debt, which can make qualifying for a mortgage trickier than it might be for other buyers.  Whether you’re just considering buying or are thinking of adding a second home to your real estate portfolio, here are a few things doctors should consider, from how much you can afford to how to approach the process.   What salary do I need to afford a million-dollar home? Conventional wisdom says that you need an annual salary somewhere around $200,000 to You’ll also want to consider monthly costs above and beyond your mortgage payment. This includes things like HOA dues, utilities, maintenance, insurance and property taxes.  When is the right time for a doctor to buy a home? Buying a house is a big financial commitment, and it can take a significant amount of time to gain enough equity to offset the upfront purchase expenses like closing costs, repairs and moving expenses.  It’s common for doctors who are just starting out to move frequently, in pursuit of a specialty program, new opportunity or fellowship. In this busy career phase, renting may make more sense until you land a long-term position.  Buying a first house during residency Deciding to buy your first home is a milestone for all kinds of buyers, but physicians have a couple of additional financial realities to address during the application process.  If you’re a newer doctor, your loan debt may be high and you likely haven’t secured the salary of more established colleagues. This hurdle is specifically high for those buying a house during their residency.  A core part of getting approved for a mortgage loan is meeting the debt-to-income ratio requirements, or DTI. This is a calculation that compares your monthly debt obligations to your gross income. It’s a way lenders can be reassured that you’ll be able to repay your loan without defaulting.  Most medical school graduates have significant student debt. According to the Association of American Medical Colleges, anywhere from Enter the physician mortgage loan. Also called doctor loans or medical professional loans, these mortgages are specifically designed for doctors whose highest earning years are yet to come. These loans may have low (or no) down payment requirements, no requirement for private mortgage insurance (PMI) or more generous qualification criteria. Ask your mortgage lender for more information about this loan option.  Purchasing a second home as a doctor  As your career progresses, you may want to consider buying a second home. Being a physician is time-consuming and stressful, so it’s nice to have a place of your own to relax and unwind. Imagine cozy weekends in a mountain cabin, summer vacations in a sunny lakefront retreat or watching an ocean sunset from your private patio.  Pacaso is a great solution for busy professionals in a wide range of occupations to buy a second home. Ownership is shared among up to eight co-owners, which means that your upfront investment is lower. And we have homes in Co-owning a second home with Pacaso is a smart option for busy doctors, as it gives you the benefits of second home ownership without the work. Your dedicated property manager takes care of maintenance, repairs, cleaning and making utility, insurance and tax payments. That means that every time you’re ready to relax, you can just show up, unpack and unwind.  Our

Searching for a place to unwind, reconnect with loved ones and create lasting memories? 1. Enjoy your own personal retreat 2. Have flexibility for your vacations With a vacation home, you no longer need to fight for reservations during peak season or scramble to find last-minute Do you need a quick weekend escape to clear your head? Or a 3. Build a lifetime of memories A vacation home transcends bricks and mortar — it becomes a cornerstone for creating cherished memories with the people you love. Host unforgettable holidays and family gatherings to create lifelong memories.  Imagine cozy nights by the fireplace at your 4. Relish familiar settings Owning a vacation homes has the benefit of being your home-away-from-home. Equip your space with 5. Embrace a new community Purchasing a vacation home can open doors to a new community. Strike up conversations with friendly neighbors who share a love for the area. Explore local shops and restaurants, gaining a deeper understanding of the region's culture and hidden gems. This sense of belonging can enrich your vacation experiences and grow your sense of community at your second home. 6. Cultivate a sense of adventure A vacation home can serve as a springboard for exploration. Since you have a convenient home base, you can delve deeper into the surrounding area. Explore nearby towns, hike or bike scenic trails or discover hidden Proximity to these activities allows you to embrace a more adventurous spirit and enjoy experiences beyond the typical tourist’s itinerary. 7. Create a healthier lifestyle A vacation home can be a catalyst for embracing a healthier way of living. Many vacation destinations offer opportunities for Inside you vacation home, consider creating a dedicated 8. Pass down an asset to your children A vacation home can become a cherished part of your family's legacy. It can be a gathering place for future generations to reconnect with loved ones and create lasting memories.  Eventually, you can pass vacation homes down as an inheritance. A valuable asset like this can give your children and grandchildren a special connection to their family history. 9. Choose a location close to activities you love Finding a second home in a place that supports  your interests and hobbies can significantly enhance your lifestyle. Imagine living by a lake and spending your weekends fishing, or owning beach house with nearby easy access to kayaking or paddleboarding. For those who crave the thrill of winter sports or the serenity of mountain hikes, a cozy cabin could be the perfect fit. 10. Take advantage of unique financing options When buying a vacation home, you can access Additionally, your vacation home expenses don’t end with the Advantages of vacation homes Although owning a second home has some down sides, the advantages can greatly outweigh the trouble of finding and financing a vacation home. The pros of owning a second home or Personal use When you own your vacation accommodations, you always have a great place to stay (even if it’s a busy holiday weekend). You can keep all the comforts and necessities — clothes, toiletries, outdoor gear and more — at your vacation home so you can get away from it all at a moment’s notice. Unlike relying on reviews to choose a hotel room or short-term rental, you always know exactly what to expect when you arrive at your vacation home. Buying Your vacation home could become your primary residence once you retire, but you can start enjoying it and building equity long before it’s time to turn in your employee badge. In the meantime, it’s a special place to bring family together for vacations and special events. You can also pass down your vacation home to your heirs. Passive income potential Although some owners prefer to keep their vacation home exclusively for personal use, listing your second home as a short-term rental may also be possible. If you don’t want your vacation home to sit vacant when you’re not using it, you may be able to rent it out to others and use the money toward the mortgage and maintenance expenses. Potential property appreciation Whether you plan to keep your vacation home for personal use or earn passive income, your property may increase in value. A secondary residence can increase equity and value appreciation like a primary residence.  In this way, buying a vacation home can be an investment. Of course, housing markets fluctuate, so value appreciation depends on market trends where you buy. Adding real estate to your portfolio is a great way to diversify your portfolio and hedge against the ebb and flow of different markets. It’s always smart to consult a financial planner before making such an investment.  Tax benefits You can deduct any mortgage interest paid on up to $750,000 of principal mortgage debt, including your vacation home. Other If your vacation home doubles as a short-term or long-term rental, you may also be able to claim certain costs as business expenses for your vacation rental business. Consult with a tax professional to determine which  tax deductions you’ll be eligible for. Challenges of vacation homes Vacation home ownership also includes several challenging cons. Property maintenance and management Your second home likely won’t be close enough to your primary residence for you to stop by frequently. Home repairs and regular maintenance (lawn mowing, snow removal, etc.) can become a hassle. And if you’re renting out your second home, you must deal with reservations, clean up and more.  A potential solution is to Income volatility If you plan to rent out your vacation property, you’ll need to be aware of the high and low tourist seasons in your home’s locale. Plan for income fluctuations and charge appropriate nightly rates to curb potential low-season vacancies.  To keep attracting bookings, you may need to pay for marketing and advertising your property to help decrease income volatility. Local vacation rental laws Many towns are passing ordinances prohibiting short-term rentals or requiring homeowners to pay hefty fees to list a home as a rental. Check local laws before banking on your ability to rent out your vacation home.  Remember that other Limited location Once you invest in a vacation home, you’ll probably want to use it as much as possible. That means you’ll likely spend more time in one Just like an unused gym membership or a new dress in the back of the closet, a distant vacation home can easily turn from a dream come true into a money pit if you’re not committed to using it regularly. Co-own a vacation home with Pacaso While there are nearly a dozen reasons to buy a vacation home, the initial cost and ongoing maintenance can be daunting. Pacaso offers a unique DISCLAIMER: This content is published solely for informational purposes and isn’t intended to be investment advice. You should consult an appropriate professional for specific advice tailored to your situation.

If you’ve found the most incredible second home in a picture-perfect location, there’s a good chance you’ve started looking into financing options to make your dreams a reality. So let’s discuss how to buy a second home with no money down.  We won’t lie: 1. Use government-backed loans by changing your primary residence  There are several government-backed loans for second home options to consider. The first is VA loans are for The second is 2. Assume an existing mortgage  Another option for a no-down-payment mortgage is to assume an existing mortgage. If the seller’s home has an 3. Tap into existing home equity  You can also choose to tap into your existing home equity by using a Or use a home equity line of credit ( If you already have a mortgage, these would both be second mortgages that you’d need to pay in addition to the first.  4. Reverse mortgage A reverse mortgage is an option for seniors 62 and older. It allows seniors to access home equity without monthly mortgage payments, and the funds can be used as a The loan is repaid when the senior sells the house, moves out or passes away — whenever they no longer live in the home. The heirs or homeowners must repay the loan, usually by selling the home. It’s important to note that this type of loan comes with high fees and complexities. We strongly recommend consulting a financial advisor first if you’re considering a reverse mortgage.  5. Gift of equity  Another no-money-down mortgage option is a gift of equity. A gift of equity is when someone with whom you have a close relationship sells you a home below market value. Usually, the person is a family member.  If the gift of equity is equal to 20% or more of fair market value, you can avoid down payment contributions. However, you’ll need to consult tax advice to understand the tax implications of a gift of equity.  6. Lease with option to buy  A lease with option to buy, or lease option, is a rent-to-own contract that lets you rent the property to test it out, with the opportunity to commit and buy at the end of the lease. Usually, the lease contract is for a number of years.  If you decide to buy, rental credits can be applied toward the purchase price and converted into a down payment. It’s important to negotiate these terms upfront with your landlord with the help of a tax professional and real estate attorney.  7. Seller financing  Another option is to negotiate directly with the seller to finance the purchase. You may be able to negotiate terms that require less or no down payment. However, it’s very important to be aware that seller financing doesn't include standard mortgage protections, so you may not have the same legal safeguards as you would in a traditional mortgage. 8. Retirement account access  You can This allows you to borrow money from your 401(k) and repay it with interest. You can also make a 401(k) withdrawal for your home purchase. However, if you are under 59, you’ll have to pay a 10% withdrawal penalty plus income tax.  9. Partnership or co-borrower Lastly, consider partnering with someone who can provide the down payment while sharing the ownership or financing burden of the second property. Key considerations  Buying a second home with no money down can be a huge leap, and it’s important to know how it will impact your financial future. Here are some things to consider before you take the plunge: An alternative approach: Pacaso co-ownership  So, can you buy a house with no money down? Technically, there are ways, but it can be a tough road to go down. Instead, consider Pacaso as a better approach to Pacaso’s fully managed LLC co-ownership model allows you to purchase 1/8 or 1/4 of a vacation home property. You split the costs with your fellow co-owners, while our local maintenance crews handle daily maintenance and management. You and your loved ones get exclusive access to the home at specific times throughout the year. Get your dream second home with Pacaso  As you think about how to buy a second home with no money down, consider Pacaso for a lower-cost, hassle-free way to co-own your luxury vacation home. Finance up to 70% of your home’s purchase price and sell your home at the time and price of your choice. View our

Dreaming of Let’s explore the seven steps of how to purchase a second home: 1. Determine your budget Buying a second home is a significant Determining your budget for a second home 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 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 and lifestyle. 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 their fair share of added expenses, they also offer a few tax deductions that make your second house dreams less costly. As you’re crunching the numbers, remember your second home can also be a source of rental income and 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 classifying your second home as an Buying a second home doesn’t have to be a solo endeavor. 3. Compare lenders When comparing lenders for a second home, 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 is a simple process, with many lenders allowing you to apply online. They look at your financial history, including your current income and debts, to give a rough number regarding what you can afford. At this stage, Having a pre-approval letter from a lender can give you a leg up when it’s time to make an offer on your dream second home. Be aware, however, that since some 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 perfect location. Going with your favorite 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. According to Redfin, the going rate of a real estate agent is about 6. Make an offer Purchasing a second house 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 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.  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.  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 The ideal second home 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 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. 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. Finally, when looking to take a big step forward in your second home journey, you'll want to look at the Now that you know how to buy a second home, it’s time to find the second house of your dreams. If turn-key luxury is what you’re after, consider buying a second home with Pacaso. Each of our co-owned homes is part of an LLC, is fully decorated and furnished, and comes equipped with a dedicated property manager to make your second home ownership journey as stress-free as possible. We even Check out our

The good news is that if you 1. Savings and investment account Using your personal bank account to fund your second home But that’s not the only personal fund you can tap into for Using money from your investment account is similar to withdrawing from your savings account. The key difference is that you may need to pay taxes on any gains the money earned while invested. 2. Sale of an asset Selling assets when you come up short on funds may be the only way to keep that second home of your dreams from slipping through your fingers. Understanding If you see your property as a better investment than your savings, it may be worth it to 3. Retirement account Tapping into retirement accounts, such as a 401(k) or IRA, can be a source of funds for your down payment for a second home. However, this age-sensitive strategy may not be advisable for those nearing retirement. If you’re not comfortable dipping into your savings or selling assets, you can still seek outside funding help.  4. Home equity loan or HELOC The value you've built in your current home can be a powerful resource when purchasing a second property. Leveraging your home equity gives you access to funds at generally favorable rates compared to many other financing options. A practical approach to securing funds for a second home down payment is utilizing the equity you've accumulated in your primary residence. This strategy involves either securing a Home equity loan With a home equity loan, you receive a one-time payment based on a portion of your home's value through a secondary mortgage. The key benefit is maintaining your original mortgage intact — particularly advantageous if you have a favorable interest rate.  Since these loans are second in line for repayment if financial difficulties arise, they typically carry higher interest rates than current mortgage rates for second home loans. Home Equity Line of Credit (HELOC) A HELOC functions as a secondary mortgage but operates more flexibly, similar to a revolving credit account. During the initial access period (generally five to 10 years), you can withdraw and replace funds repeatedly. You'll only pay interest on the amount currently borrowed.  After this period ends, the withdrawal option closes, and you begin repaying both principal and interest on whatever balance remains. Since HELOCs feature adjustable rates, your payments may fluctuate monthly based on market conditions. Cash-Out Refinance When choosing a 5. Government-backed loans While traditional government-backed loans are designed for primary residences, there are strategic ways to use these programs that can help you Government-backed loans such as VA or USDA offer low or no down payment options, typically for primary residences rather than second homes. However, by carefully planning your home purchases, you can transition from one primary residence to another while retaining your previous home as a second property.  6. Reverse mortgage A reverse mortgage allows homeowners aged 62 and older to convert part of their home equity into cash without having to sell their home or pay additional monthly bills. The loan is repaid when the borrower moves out, sells the home or passes away, making it a potential source for second home down payment for retirees. 7. Gift of equity funds When purchasing a second home from a family member, a gift of equity can be mutually beneficial. This approach involves the seller (often a parent or relative) transferring a portion of their equity in the property to you as a gift, effectively reducing the purchase price and minimum down payment for a second home. 8. Assumable mortgages An assumable mortgage allows you to take over the seller's existing loan instead of obtaining a new one. This can be particularly advantageous in a rising interest rate environment, as you may be able to secure a lower rate than what's currently available. This is an excellent option for those researching how to buy a second home with low down payment. 9. Seller financing Seller financing creates a direct financial arrangement between you and the property seller, bypassing traditional mortgage lenders. The seller essentially becomes your lender, allowing you to pay them directly according to mutually agreed terms. This option can be helpful when considering a loan for a second home with non-traditional terms. 10. Lease with an option to buy This arrangement allows you to rent a property while securing the right to purchase it in the future. During the lease period, a portion of your monthly rent may be credited toward the eventual down payment on a second home, helping you build equity while you live there. While sticking to one funding source may not be enough for your down payment — or put you into financial jeopardy — using a mix-and-match approach may improve your situation. Mitigating risk is still important even though real estate is considered a relatively safe investment. Look into each of these strategies further to learn which is best for you when Are second home down payments always required? In most cases, a down payment on a second home is required. If you plan to pursue a conventional loan for financing a second home, you’ll need to put money down upfront since they aren’t backed by the government. Even if you plan to pay for the home entirely in cash, you’re still technically putting down a large payment.  If you plan to turn your second home into a primary residence, then it’s possible to get a government-backed loan. In that case, you won’t need a down payment for a second home.  How much do I need for a down payment on a second home? The down payment for a first home can be as low as 0% and as high as 20% for a conventional loan. However, the required down payment for a second home is around The amount you’ll need for a down payment on a second home depends on several factors, including your credit score, your debt-to-income (DTI) ratio and the cost and type of property you’re purchasing. Down payments and interest rates for second homes can also vary depending on the lender, so it’s a good idea to shop around. Here is a closer look at how these factors can affect your down payment: Any tips on how I can reduce the down payment on my second home? One of the best ways to lower the out-of-pocket expense for a second home down payment is by reducing how much you’re paying for the home. But that doesn’t necessarily mean sacrificing square footage, quality or location.  Explore your options for second home ownership Finding the right financing strategy can help you achieve your dream of owning a second home, whether through a government-backed loan, a conventional mortgage, or co-ownership. If you’re looking for a modern, hassle-free way to own a second home, Pacaso makes it possible. Pacaso offers LLC co-ownership of luxury second homes, providing a streamlined and cost-effective alternative to traditional second homeownership. With professionally managed properties and a fully integrated ownership model, you can enjoy all the benefits of a second home without the hassle of maintenance. Want to learn more? Visit our

Not finding the right s Check out our list of alternatives to Airbnb before you book your next vacation: 1. Pacaso  Pacaso is also a great Co-ownership helps buyers afford 2. VRBO Like Airbnb, 3. Booking.com It is becoming a formidable Airbnb competitor in the vacation rental market, with offices in more than 70 countries and over 28 million listings, including hotel rooms. Booking.com charges a higher booking fee — 15% compared to Airbnb’s 3% — and renters will often pay these fees in the form of higher prices.  4. Hipcamp Hipcamp is like Airbnb for campers, offering a range of campsites that accommodate tents and RVs. This makes it one of the Since guests may travel to remote locations, Hipcamp has established standards to ensure safety and privacy. For example, hosts must limit campground occupancy and provide safety warnings for common dangers in the area.   Hipcamp’s search filters allow you to find the perfect spot for your desired activities. So if you want to hike, fish or ride horses, your hunt just got easier. The affordability and convenience make Hipcamp a great option for nature lovers.  5. Marriott Homes and Villas Managing expectations is one of the most challenging factors when staying at independent vacation homes. Hotel chains can deliver on cookie-cutter expectations but often lack the personal touch. The inventory is still growing — currently about 60,000 listings — but it has something most other alternatives to Airbnb don’t: a rewards program. Travelers can earn and redeem points for discounted stays in the future with a Marriott Bonvoy account. 6. Hopper Homes The streamlined app-only interface is convenient to use, with fewer distractions than many other platforms. Travelers can book their stay instantly rather than waiting for approval and receive flexible cancellation policies.  Hopper has its own rewards program in the works, Carrot Cash, to help customers save even more money while traveling. 7. Plum Guide Expect to pay more than the average vacation rental, but the price may be worth it if you value the luxury vacation experience. Plum Guide does offer price matching, just in case you see the same rental listed for less on another platform. 8. Agoda  You can receive a discount for being a solo traveler and find other discounts through a “secret deals” feature. Agoda’s website and app operate in 38 languages, with customer care in 16. While travel booking sites have moved into the rental property industry, Agoda performed a reverse migration. In 2019, the site launched a flight aggregator to compare hundreds of sites at once.    9. Homestayin When you travel, do you value cultural immersion above all else? It’s an affordable alternative to hotels while being a step up from the typical hostel. Homestayin is available for short- and long-term rentals, appealing to backpackers and students alike.   10. Sonder If you’re looking for a service like Airbnb that retains the comforts of a hotel, check out Every unit has a full kitchen, mini toiletries and Wi-Fi, making it great for long-term stays. The app allows for contactless check-ins along with requests for clean towels and restaurant recommendations.  11. Blueground If you’re living the digital nomad life, 12. Onefinestay All of the listings are whole units, so you won’t share the property with other travelers or the owner. The accommodations include houses, chalets and luxury villas, giving you the personal touch missing from hotels while delivering professional property management.  13. 9flats It works like an aggregator for other travel sites, so if you have issues with the interfaces of the other big names, 9flats might be more your style. It offers features like instant booking and advertises the maximum occupancy of every listing on the results page for quick scanning.  14. FlipKey While solo travelers can use FlipKey, it is ideal for groups. Finding a place big enough for a group can be challenging on other sites. FlipKey is facing the problem head-on.  15. Glamping Hub Like Airbnb, Glamping Hub is only a booking platform, so you’ll still depend on the property owner to deliver the rental as advertised. Glamping Hub allows you to filter through listings based on the type of building, cost and features, so you’ll have as rustic or luxurious an experience as you’d like.  16. ThirdHome To qualify, your second home must be worth at least $500,000, in a desirable location and well-maintained. This niche marketplace has 14,000 options, including entire estates and yachts. While you won’t pay a rental fee, Thirdhome does charge a booking fee that ranges between $495 and $1,395 per week.  17. Outdoorsy 18. Wimdu Users can choose from an array of filter options to search by distance to the city center (which is great for public transportation users), average ratings, amenities and price. They also have several pet-friendly listings and cater to families as well as solo travelers and couples.  19. Tripadvisor Vacation Rentals Tripadvisor taps into its deep reservoir of user-generated travel recommendations and reviews, so users get local recommendations on where to eat, the best excursions and more. 20. Expedia Vacation Rentals Reviews are also abundant here, helping travelers make an informed decision about what to do outside of the accommodation as well, allowing users to seamlessly combine their accommodation bookings with other travel essentials such as flights and car rentals.  21. Vacasa 22. HomeToGo Like Airbnb alternative 9flats, HomeToGo saves travelers time by allowing them to compare multiple sites in a single place rather than having to set search filters like budget and amenities on multiple sites to find answers. Once you find a rental that you like, you finish booking through the provider’s website.  23. Kid & Coe Since 2013, Regardless of the accommodation type, each hand-picked listing has a supply of books, toys and child travel essentials awaiting every family in 50 destinations around the world. Visitors can also request cribs and high chairs, ensuring a turnkey experience for every guest. When searching for a great vacation property,

What does "property ownership" entail? Property ownership goes beyond merely acquiring real estate and registering it under one's name. It encompasses various forms and structures, each with its unique practical, financial and legal implications. Depending on the chosen type of ownership, individuals may encounter different estate planning challenges and tax liabilities. It's essential to understand these nuances, as they can significantly impact future events, including inheritance or tax assessments. Keep in mind that these are just suggestions, and your situation might call for something else. If you’re unsure which property type will work best, explore your options with a real estate attorney. 1. Sole ownership Type of owner: individuals As the name implies, sole ownership is when an individual is the only property owner. Since they are the only owner, they don’t require anyone’s consent to sell, lease or transfer the property to another person. Property owned by a sole owner is sent into probate when the owner dies until the will is validated. 2. Joint tenancy with rights of survivorship (JTWROS) Type of owner: married couples The most common form of property ownership for married couples is 3. Tenants by the entirety (TBE) Type of owner: married couples Married couples may instead opt to own property as tenants by the entirety, which is the same as JTWROS, except an owner can do nothing with their ownership portion without consent from their spouse, since the couple is legally considered one entity. Divorce will automatically change the ownership agreement to tenants in common. 4. Community property Type of owner: married couples Only 10 U.S. states are community property states. This real estate ownership type classifies any property obtained by a spouse during marriage as “community property” — that is, owned by both spouses, even if the property is only listed in the name of one spouse. This includes all real estate purchases made during the marriage.  The states that recognize community property include Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. In Alaska, residents can opt in to a community property agreement. The same community property laws apply to registered domestic partnerships in California, Nevada and Washington. 5. Owning trust Type of owner: minor children or adult with disabilities An owning trust entrusts the care and management of a property to a trustee acting on behalf of someone else, usually a child or an adult with special needs. A living trust is established while the original owner (also called a trustor or grantor) is still alive. The trustor names the beneficiary as the owner of the property, but until the trustor’s death, they also serve as the trustee. The property remains in the beneficiary’s name, but a new trustee is selected (usually named by the trust) to keep the property out of probate. 6. Tenancy in common (TIC) Type of owner: unrelated multiple owners of a single property When owning property as a Each tenant is allowed to sell, will or otherwise transfer their ownership share without the permission of the other owners since they lack survivorship rights. When a tenant dies, their ownership passes into probate before being transferred to any named heirs. 7. Owning partnership/LLC or co-ownership Type of owner: unrelated multiple owners of a single property Properties can be organized into a Owners can create the LLC by What’s right for you? Different types of ownership in real estate can offer different benefits to owners. If you’re still not sure which type of real estate ownership is right for you and your situation, it’s a good idea to consult a legal professional.  How to become a co-owner of a second home Pacaso makes it possible for individuals to become co-owners of a In Pacaso’s ownership model, an LLC ensures true property ownership for each member. Unlike a timeshare when you only pay for time to use a property, Pacaso ensures you enjoy the many benefits of second home ownership

Many people dream of owning a second home, but the thought of an extra set of taxes, utility bills and maintenance responsibilities snuffs out any hope of making that dream a reality. But what if you could share the financial load (and workload) of home ownership with someone else? Read on to learn more about what joint tenancy is and how it can protect your rights as a homeowner.  What is joint tenancy?  Joint tenancies involve rights of survivorship. This means the ownership of the property passes straight to the surviving tenants upon the death of a deceased owner without going through the probate or court systems. This is important for co-owners because it ensures the property automatically stays with the remaining owners, providing legal protections and clarity in the transfer of ownership. Joint tenancy falls under the umbrella of joint ownership — when more than one person owns a share in a piece of real estate. In a The three main types of joint ownership are joint tenancy, How does joint tenancy work? Any two people can form a joint tenancy; they don’t need to be married (though this is  common). With joint tenancy, co-tenants have equal interest in property ownership, and each co-tenant has full access to the property. Tenants may occupy the property together or separately.  What are the rights of survivorship?  Rights of survivorship are a key feature of a joint tenancy agreement, ensuring a seamless transfer of ownership when one co-owner passes away. This means that if What are ownership rights?  Property ownership defines what you can legally do with your home, from living in it and making improvements to selling or transferring it. In a joint tenancy, all co-owners share equal rights to use the entire property, as well as equal responsibility for its upkeep and financial obligations. This structure is common among relatives or married couples who want a clear path for transferring ownership to the surviving co-owner. Rules for creating a joint tenancy Creating a joint tenancy requires following specific legal rules to ensure all co-owners have equal rights and that the property passes smoothly to surviving owners. While the rules are generally consistent, some details can vary by state, so be sure to check local laws or work with legal counsel. These rules include:  Following these rules makes co-owning a home smoother and helps prevent disputes while preserving the benefits of joint tenancy with right of survivorship.  Severing a joint tenancy  Sometimes, co-owners may need to sever a joint tenancy arrangement. This can happen if relationships change, one owner wants to sell their share or you’re transitioning from joint tenants to a tenancy in common to allow unequal ownership shares.  Severing the agreement gives each owner more flexibility and control over their portion of the property. Here’s an overview of how to do it:  Understanding tenants in common vs. joint tenants is key when severing a joint tenancy agreement. This flexibility can also help if you’re planning future purchases, such as learning Benefits of joint tenancy Unlike a This includes but is not limited to earned equity in the home, the right to sell (as long as it’s in keeping with the joint tenancy agreement) and free use of the property according to your share.  Affordability The cost of a home doesn’t end with the purchase price. Insurance, taxes, maintenance, utilities and HOA fees stack up, and having one or more joint owners to share costs can significantly lighten your financial load.  Plus, rather than shouldering the full cost of a home, joint tenancy of property lets you cut that cost in half — or even more. This can greatly increase your buying power and help you get more home for less money.  Protection Joint tenancy lets you share the less-than-fun tasks of home ownership and maintenance with Plus, if the property is occupied regularly, it prevents maintenance issues that arise from neglect. Someone is more likely to be around to notice when there’s a leak or a crack, or a fallen branch that needs attention. Easier legal process Surviving co-tenants don’t have to deal with probate, the drawn-out legal procedure the court system utilizes to validate wills due to the right of survivorship. Regardless of whether the decedent made a will, the surviving co-tenant(s) have instant access to their part of the property without having to go through probate.  Convenience Joint tenancy can also offer a consistent vacation experience. Rather than scrambling to find open dates in a rental with good reviews or stuffing yourself and your luggage into a questionable hotel room, joint tenancy in a second home gives you the freedom for last-minute trips and packing light.  Cons of joint tenancy The strict regulations of joint tenancy can protect you if a co-tenant tries to profit from your investment, but those same conditions may make it difficult for you as well. Co-tenant relationship challenges Difficulties may develop if the relationship between co-tenants alters. Co-tenants must agree on decisions regarding the property, and this can be increasingly difficult if disputes arise. Without the expressed consent of all co-tenants, nobody can sell their portion or the entirety of the property. For example, if a married couple shares joint tenancy of a property and decides to divorce, they will still be held accountable for paying all debt until the person who receives the full stake of the property refinances.  Increased responsibility  If a co-tenant falls under financial hardship or loses employment, the other tenants must agree to continue keeping up with mortgage payments to avoid the property going into default.  Joint tenancy vs. tenancy in common Joint tenancy and tenancy in common both involve property ownership and provide similar The most significant difference between joint tenancy and tenancy in common is that joint tenancy provides equal shares for all parties, whereas tenancy in common has unequal shares and various interests. Is joint tenancy right for you? Whether joint tenancy is right for you depends on your goals, relationships with co-owners and how you plan to use the home. For second homes or vacation properties, it’s important to weigh both the benefits and potential limitations before committing.  Understanding your options can help you make the most of your purchase, whether you’re looking to A better alternative to joint tenancy While joint tenancy can offer simplicity and automatic transfer of ownership, it comes with limitations that can complicate changes in co-ownership. For second home buyers, especially those looking to co-own a vacation property with friends or family, a more flexible approach can make ownership easier and more enjoyable. Pacaso provides a flexible alternative through LLC co-ownership that allows for unequal shares, easier transfers and simpler management so you can enjoy your second home on your terms.  Interested in a more hassle-free way of owning a second home? View Pacaso

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

Like many couples, Richard and Anne-Catherine thought about buying a second home for years, and they got pretty close a few times. They even did a trial run to see what ownership might be like, renting a home for a season when their children were young, but it ended up being a hassle. “We had to duplicate everything we had in our home to be comfortable, and we were always forgetting something or didn’t have something. There was so much to pack and bring back — it just wasn’t working!” said Richard.  But more than the inconvenience of schlepping things between homes, a feeling held them back: guilt. “Every time we were serious about buying a place, I always felt guilty knowing we wouldn’t use it very much,” said Anne-Catherine. Right-sized ownership with all the amenities Living in the Bay Area, Richard and Anne-Catherine are regular visitors to Lake Tahoe and enjoy the region’s variety of year-round outdoor activities. They never gave up on the idea of owning a second home, and considered buying a condo in Tahoe. Then they learned about Pacaso. “We thought, what a great idea! This is exactly what we need. The cleaning is done, the decorating is done, and there will always be other people using it. We’ll have it for a reasonable amount of time, but it’s not just us — it’s not wasted,” said Anne-Catherine.  Plus, owning a Pacaso meant they didn’t have to deal with all the prep and packing that made their seasonal rental experience so much work. “A big advantage of Pacaso is how well-equipped it is,” said Richard. “You don’t have to worry about what to bring because apart from picking up groceries, everything you need is here.” While they had some initial reservations about taking a risk with a newer company, Richard and Anne-Catherine felt reassured by Pacaso’s thorough operating agreement, and ultimately bought their share A nice price, a very nice home Co-owning a Pacaso also gave Richard and Anne-Catherine an opportunity to own a larger home than they could otherwise afford. “In Tahoe, what we paid for our one-eighth share gets you a one-bedroom apartment. It would be available to us all the time, but it would be very tiny, so I’m not sure it would be worth it,” said Richard. Anne-Catherine noted that it also wouldn’t come with the new, Having stayed at many vacation rentals, the couple says the quality of their Pacaso far exceeds the homes they’ve rented. “Rentals can be shabby,” said Anne-Catherine. “Even high-end rentals can still have cheap cutlery or no baking equipment. I adore baking, and at our Pacaso, everything is there. The decor is very tasteful, and the quality of the bedding and towels is so nice.”  Service at rental properties can be unpredictable as well, but they’ve been pleased with their Pacaso experience. Everything has gone smoothly, from timely door-code notifications to the functionality of the home technology. And the human touch has been a real plus: “The manager is reachable and responsive right away — it gives you confidence,” said Anne-Catherine.  Year-round enjoyment Tahoe’s seasonal activities make it an ideal The couple is also happy to have a place to share with family and friends — something that would have been challenging had they bought a small condo. “We came with two of our (adult) kids and they couldn't believe the place — it was a treat,” said Anne-Catherine. Richard added, “The service, the cleaning and quality of the place that you get for the money is very good. It’s a great deal compared to a one-bedroom apartment where we’d have to do everything ourselves. We can come here and do a bit of work, a bit of skiing — it’s going to be brilliant.” Make Tahoe your second home destination Pacaso puts second home ownership within reach, with listings in some of the most desirable destinations. Check out our

Meghan and Chad had been thinking about buying a second home for their family of five to enjoy quality time together. However, concerns about upkeep, expenses and having enough time in their home held the couple back. “We didn't want to buy ourselves a job,” the couple shared. “We previously owned a second home, and we just felt like it wasn't getting used enough.”  Pacaso’s Ready from the get-go While the couple originally wanted an escape during the pandemic, their Pacaso became much more: A consistent place where they can maximize their time and have everything ready to go. “When we arrive, the gates open and it just feels awesome,” Chad said. “Everything's totally dialed in, and we know how to work everything. The fun, relaxation and enjoyment all start immediately.” This familiarity is the biggest appeal of owning a second home. “Having to discover and troubleshoot a vacation rental, I think, takes 24 hours. With Pacaso, however, we get those 24 hours back to enjoy,” Meghan said about the turnkey experience. Plus, Pacaso’s Reselling their ownership Another advantage of owning a Pacaso is the ability to sell. While Meghan and Chad started off owning 1/4 ownership of their home, they later upgraded their primary residence and adjusted their Pacaso home ownership to 1/8.  “The Family fun, inside and out  For Meghan and Chad, their second home provides everything they need for their family and more — like lemons their son picks from the beautiful trees to make lemonade and the wood-fired oven for baking homemade pizzas. “The home is amazing … it’s been a great place to bring family and friends together,” Chad said. The fun extends to Healdsburg itself where the couple enjoys Saturday evening dance parties in the plaza, shopping at farmer’s markets and delighting in local wine tastings. Their kids attend local camps and swim with local instructors. “I think we're super embedded in the community,” Meghan shared. “One of my goals in being up there was to really take advantage of the place — not as a tourist, but as a local.”  Discover your home away from home When you become a co-owner of a Pacaso home, you enjoy hassle-free ownership at a place that truly feels like home. 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. 

When planning your winter ski trip, you may be weighing Snowmass vs. Aspen. Though only 9 miles apart, Snowmass and Aspen offer two very different mountain experiences. One is expansive, laid-back, and built for families and groups; the other is energetic, walkable, and known for luxury, culture, and nightlife. Understanding the differences can help you choose the mountain destination that fits your travel style — or lead you to experience both. The overall vibe of each destination plays a big role when comparing Snowmass vs Aspen. While both offer incredible mountain living, the lifestyle in each town feels distinctly different, and choosing the right fit can shape your entire trip. Snowmass offers a relaxed, spacious atmosphere that’s ideal for families, groups, and travelers who want room to unwind. The village centers around effortless mountain access, with abundant ski-in, /ski-out options and wide-open terrain steps from most lodging. Many homes are newer builds with modern design, resort-style amenities, and a quieter pace that makes the area feel like a true alpine retreat. Aspen is a high-energy, cosmopolitan experience with a vibrant cultural and social scene. Its walkable downtown is lined with art galleries, luxury boutiques, and lively nightlife, giving the town a sophisticated yet approachable feel. Historic architecture and long-standing traditions anchor Aspen’s identity as one of the most iconic luxury mountain destinations in the world. Skiing is one of the biggest draws in both destinations, so comparing terrain, runs, and mountain access is key when weighing Snowmass vs. Aspen. But off-slopes activities matter too, and each town offers its own distinct mix of winter and summer adventures, along with plenty of other things to do in Snowmass and Aspen throughout the year. Snowmass boasts the most terrain of all four mountains, giving skiers and riders a huge variety of runs without ever leaving the resort. Wide-open slopes, long cruisers, and a modern, ski-in, /ski-out base village make it especially appealing for families, intermediates, and anyone who prefers room to roam. In summer, Snowmass transforms into an adventure hub with hiking, biking, an alpine coaster, and weekly outdoor events. Whether you’re visiting in winter or summer, there’s never a shortage of things to do in Snowmass. Aspen puts the entire Aspen Snowmass playground at your fingertips. From the steep, expert terrain at Aspen Highlands to the approachable beginner runs and renowned terrain parks at Buttermilk, each mountain delivers a distinct personality. Aspen Mountain rises right from downtown, making it easy to blend laps with lunch, shopping, or après- ski activities.  Off the slopes, Aspen shines with a wide variety of winter and summer activities. Things to do in Aspen include sleigh rides, snowmobiling, ice skating, fly fishing, hiking, biking, and outdoor concerts. Art fairs, culinary events, and cultural programming keep the town lively throughout every season. Both destinations offer rich dining, nightlife, and cultural experiences — an important part of choosing whether Snowmass or Aspen is the better fit for you. Snowmass has a steadily growing dining scene with everything from casual, family-friendly spots to more refined alpine restaurants, many centered around the cozy atmosphere of Snowmass Village. Evenings here tend to revolve around outdoor concerts, seasonal festivals, and activities suited for all ages. Après is more relaxed and scenic — think mountain-view patios and laid-back lounges rather than late-night crowds. Downtown Aspen is known for its elevated dining, with Michelin-recognized restaurants and acclaimed chefs shaping a high-end culinary scene. Après here is energetic and upscale, centered around Champagne, DJs, and legendary spots like Ajax Tavern and the patio at The Little Nell. Beyond the slopes, Aspen delivers cultural depth with museums like the Aspen Art Museum and the Red Brick Center for the Arts. Major events — including the When comparing Snowmass vs. Aspen, accessibility can be a major deciding factor, especially if you're traveling with kids or planning a shorter trip. How easily you can reach your destination often shapes the overall experience. Snowmass Village is roughly 15 minutes from Aspen/Pitkin County Airport (ASE), making it one of the most convenient ski destinations in Colorado. The village is designed for an easy, park-once experience, with lodging, dining, and lifts all connected by walkways, shuttles, and ski-access paths. Aspen shares the same airport convenience, with quick transfers into downtown Aspen and smooth access to all four mountains. Once you’re there, the downtown core is fully walkable, so it’s easy to explore without a car. During peak winter and summer weekends, traffic and parking can be challenging — something to keep in mind if you plan to drive. When comparing Snowmass vs. Aspen, the right choice ultimately comes down to the lifestyle you prefer. Both destinations offer exceptional four-season living, world-class recreation, and access to some of Colorado’s most beautiful mountain landscapes. Snowmass offers space, modern comfort, and a relaxed, family-friendly pace, while Aspen offers walkable luxury, vibrant culture, and an energetic social scene. Whether you’re drawn to the tranquility of Snowmass or the sophistication of Aspen, Pacaso offers beautifully designed homes in both destinations, giving you the freedom to experience the mountain lifestyle that fits you best.

Aspen après ski sets the tone for winter in the Rockies with champagne toasts, mountainside decks, live music, and chic lounges. Skiers spill straight off the slopes into buzzing patios with fireside cocktails and scene-stealing spots that feel celebratory the moment you walk in. Across town there are countless ways to unwind, warm up, or lean into the energy. This guide highlights the top places to relax, socialize, and enjoy Aspen’s signature post-ski scene. Best Aspen après-ski spots Aspen is known for its diverse mix of lounges, parties, and restaurants for a vibe that shines just as brightly as the snowcapped peaks. Ranging from upscale wine bars and polished hotel lounges to high-energy parties like those at Cloud Nine Aspen, the town offers something for everyone who visits this iconic mountain destination. Slope-side favorites You don’t have to wander far from the lifts to enjoy après ski in Aspen. warm up with a meal or festive beverage at these lively and welcoming spots just steps from the slopes. Lounges and stylish hotel bars Perfect for travelers who want warmth, comfort, and a sophisticated Aspen après-ski setting. High-energy party spots For skiers who want a more energetic nightlife vibe, these Aspen apres-ski hotspots deliver an upbeat scene popular with the younger crowd.   Top après-ski spots in Snowmass In addition to après ski in Aspen, Snowmass offers its own lively scene with open-air patios, stylish dining rooms, and high-energy decks that overlook some of the best views in the valley. Plan your Aspen ski season with Pacaso Looking to experience Aspen après ski year after year? Pacaso makes it simple to own in this iconic destination, with luxury homes near the slopes that come fully furnished and professionally managed. Spend more time on the mountain or soaking in the après ski scene and less time handling upkeep.

The island of Maui is a little slice of paradise in the Pacific. It’s no wonder the Valley Isle welcomes an incredible 3 million visitors each year. And even though the island is only 48 miles long and 26 miles wide, there are endless ways to enjoy every day. If it’s your first time in Maui, here are eight activities you simply must add to your itinerary.  1. Watch the sunrise from atop the Haleakalā Volcano Maui is home to the Haleakalā Volcano, which is both the island’s only You’ll have to arrive early — between 3 and 7 a.m., depending on the time of year — and you’ll want to bring a jacket. 2. Snorkel at Molokini  There are great snorkeling spots all over Maui — with a snorkel mask, an offshore swim at your favorite beach gives you the opportunity to see colorful fish and often sea turtles. But serious snorkelers will want to set aside a day to take a snorkeling tour to Molokini, a crescent-shaped volcanic crater three miles off Maui’s southwest coast. A marine life conservation area, the waters around the crater are home to sea turtles, 250 varieties of fish and eight varieties of coral. If you visit during the winter months, you can even hear humpback whales singing underwater.  3. Relax on Wailea Beach South Maui’s 4. Drive the Hana Highway Easily one of the most famous attractions on Maui, the Hana Highway — commonly called the Road to Hana — is an all-day, stop-and-go scenic drive that takes you through Maui’s rugged northern and eastern regions. Give yourself plenty of time to explore: While the road is only a little more than 50 miles, you’ll be traveling at a meandering pace, thanks to over 600 turns and 59 one-lane bridges. You’ll welcome the slower pace so you can revel in the truly incredible scenery and stop frequently at bountiful fruit stands, gorgeous waterfalls and unspoiled swimming holes.  5. Go to a luau  It may seem a bit touristy, but every visitor to Maui should experience a luau at least once. Most of the evening luaus in Maui take place in the Lahaina and Kaanapali areas, with many offered by the larger resorts. While the entertainment and menu will vary a bit based on which luau you choose, you’ll experience traditional Hawaiian cuisine, live music, Polynesian dance and cultural performances, folklore and more.   6. Dine at Mama’s Fish House Located on Maui’s north coast in the town of Paia, 7. Go whale watching (if the time is right) Between November and May, humpback whales arrive in the warm waters of Hawaii to breed and birth their calves. Peak whale watching season is between mid-January and March, when you’ll see whales spouting, breaching and swimming with their calves. While you can easily catch the action from the shore, especially with binoculars, a whale watching tour is the best way to see these majestic creatures up close.  8. Golf at Kapalua  Hitting the links at Embrace island life No matter how long your visit to Maui is, it’s never long enough. Set down roots as the co-owner of a 

Sun, sand and that endless summer feeling … what’s not to love about Southern California? If you’re dreaming about buying a vacation home in California, it’s hard to know where to begin. Whether you’re looking for a quiet getaway, a big social scene or a laid-back surfer feel, every beach town is a little different. Start your search here, with five great Southern California beach towns to own a second home.  Malibu  With rugged canyons directly east of the often-narrow beach, Santa Monica Newport Beach Laguna Beach La Jolla Find your SoCal second home with Pacaso Your beachside oasis could be within reach when you buy your California vacation home with Pacaso. As a co-owner of a

If you love the activities that make Vail, Colorado, a famous From golf and garden exploring to fly fishing and white water rafting, our guide offers 25 top activities to enjoy during your trip to Vail this summer. 1. Wander the Betty Ford Alpine Gardens Topping our list is one of the most popular things to do in Vail. As the world’s highest-altitude botanical garden at 8,200 feet, the 2. Visit the Colorado Snowsports Museum and Hall of Fame The 3. Sample 10th Mountain Whiskey & Spirits 4. Try new sports at Vail Ski Resort 5. Sip some brews at Vail Brewing Company 6. Explore Lionshead Village Scenic 7. Enjoy outdoor concerts at The Amp Fittingly located next door to the Betty Ford Alpine Gardens, the 8. Taste summer’s bounty at the Vail Farmers Market If you are looking for a fun and delicious way to hang out in Vail in the summer, you should check out the 9. Play outside at Piney River Ranch 10. Play a round of golf surrounded by mountains  The award-winning 11. Have an adventure at Epic Discovery A true mountain playground for daredevils of all ages, 12. Get your blood pumping at Vail Nordic Center Vail Nordic Center is a popular destination for cross-country skiing and snowshoeing in the winter, and it offers a variety of activities in the summer. You can enjoy hiking, biking, disc golf and yoga on the scenic trails and fields of the center. The center has a pro shop that rents and sells equipment, clothing and accessories for your outdoor adventures. 13. Ride the Eagle Bahn Gondola The 14. Take a self-guided art walk at Vail Village Vail Village is a charming Bavarian-style ski village, making it a lovely place to spend an afternoon. Discover the incredible 55 works of public art that are spread throughout town. To see them all, you’ll want to stop by the welcome center to pick up a free map. Guided tours are also available during the summer.  15. Catch a sunrise or sunset at Bighorn Park 16. Make friends with a llama Yes, really. 17. Explore the Vail Nature Center  The 18. Go whitewater rafting Cool off on a hot summer day with an exhilarating ride down the Colorado and Arkansas Rivers. Local outfitters offer a range of rafting options, from kid-friendly introductory trips to technical rafting experiences with rapids up to Class IV. Looking for something a little more relaxing? Opt for a low-key float trip through Browns Canyon, where your guide will do all the paddling.  19. Sample wines from around the world  20. Enjoy tubing in Vail Relish in the thrill of tubing in Vail while being surrounded by the greenery and beauty of the Colorado mountains. 21. Fly through the sky on a zip line Soar through the air and enjoy the scenic views of Colorado. If you are looking for a zip line adventure in Vail, you have plenty of options to choose from in the summer. You can zip line over the Colorado River, through the alpine forests or across the Rocky Mountains. Tours vary in length, difficulty and price, but they all guarantee a memorable and exciting experience. Whether you are a beginner or an expert, you can find a zip line tour that suits your level of adventure and budget. 22. Bike Vail’s trails Vail offers many trails and paths for cyclists of all levels and abilities. You can enjoy the fresh air and stunning views as you pedal along the paved and dirt roads or cruise through downtown Vail. Whether you want to challenge yourself with steep climbs and descents, or relax and enjoy the scenery at a leisurely pace, there is a route for you in Vail. 23. See Vail on horseback Horseback riding in Vail is a great way to enjoy the scenic beauty of summer in the Rocky Mountains. Whether you are a beginner or an expert rider, you can find a trail that suits your skill level and preferences. You can choose from half-day, full-day or overnight trips, and explore the alpine meadows, aspen forests and wildflower fields with your friendly steed. 24. Spend the day fly fishing Vail is a popular destination for fly fishing enthusiasts, as it offers a variety of rivers and streams to explore. Some of the best spots for fly fishing in Vail are Eagle River, Gore Creek and the Colorado River. You will need a fishing license, which you can buy online or at local shops. Enjoy the scenic views and the fresh mountain air that make Vail a perfect place for fly fishing.  25. See it all with a hot air balloon ride If you’re looking for one of the most thrilling things to do in Vail in summer, consider taking a hot air balloon ride. A hot air balloon ride is a great way to experience the stunning scenery of the Rocky Mountains from a bird's-eye view. You can soar over the lush green valleys and sparkling rivers, enjoying the peace and tranquility of the clear blue sky. Vail, Colorado, is a nature lover's dream. Although the town is famous for its winter sports scene, there are plenty of things to do in Vail in summer as well. If you could see yourself in this year-round paradise, skip the vacation rentals and consider investing in a

If you’re planning holiday travel, it’s absolutely worth adding one (or more) of the best Christmas markets to your itinerary. These festive pop-ups glow across the continent every December, filling city squares with holiday cheer, nostalgic treats, twinkling lights, and cozy winter magic. From snow-dusted cobblestone streets to stalls selling the perfect handcrafted ornaments, these markets bring a delightful mix of tradition, charm, and pure holiday joy. What is so special about Christmas markets? Picture yourself wrapped in your coziest scarf, wandering through the historic streets of a European town that looks like it was plucked straight from a snow globe. Strings of golden lights crisscross the squares, the air smells like cinnamon, roasted nuts, and mulled wine, and everywhere you go you hear a mix of carols, laughter, and the cheerful clink of mugs. Christmas markets aren’t just places to shop; they’re something to experience. Many of the European Christmas markets have been around for centuries, growing from humble winter gatherings into full-on holiday festivals filled with handmade crafts, regional specialties, charming decorations, and tiny magical moments you simply can’t plan for. Every year, travelers from around the world flock to these markets not just to browse, but to soak up the atmosphere, savor the season, and lose themselves in the pure holiday spirit. The most famous European Christmas markets One of the most legendary European Christmas markets, Nuremberg is a must-visit for any holiday traveler. Its red-and-white striped stalls, spicy gingerbread, and the beloved Christkind opening ceremony create a quintessential Old World Christmas atmosphere. It’s festive, traditional, and utterly unforgettable. Often called the Capital of Christmas, Strasbourg hosts one of Europe’s oldest and largest holiday markets. Entire streets and half-timbered houses are wrapped in extravagant decorations, while cathedral squares glow with warm amber light. With more than 300 stalls, it feels like stepping into a charming, bustling Christmas village. Set against Gothic towers and Baroque architecture, Prague is one of the best places in Europe for Christmas markets, and the Old Town Christmas Market is Prague’s most iconic. Its centerpiece, a towering illuminated tree, is surrounded by wooden stalls selling handcrafted puppets, glass ornaments, and traditional Czech treats like chimney cakes and mulled wine. With festive performances, carolers, and seasonal music, the market exudes a magical atmosphere that draws visitors from around the world. Dating back to the 1400s, Salzburg’s Christkindlmarkt is set in the UNESCO-listed Residenzplatz, surrounded by Baroque architecture that reflects the city’s rich history. Daily choir performances fill the square, while stalls offer hand-carved nativity figures, traditional sweets, and exquisite ornaments. With centuries of tradition and a full lineup of festive events, this market remains one of Europe’s most historically significant and celebrated holiday destinations. Widely considered one of Europe’s most beautiful and best holiday markets, Vilnius centers around a towering Christmas tree in Cathedral Square, often designed as a glowing sculptural masterpiece that lights up the historic surroundings. Twinkling lights, festive decor, an ice skating rink, and a Christmas train transform the square into a luminous winter wonderland. Named the European Christmas Capital for 2025, Vilnius is a must-visit for an absolutely magical holiday experience. The best Christmas markets for foodies Nestled in the Piedmont countryside, this sprawling market showcases Italian gastronomy with festive theater. Sample truffles, hazelnut sweets, and mulled wine while wandering artisan stalls, watching Elf School performances, and admiring the beautifully decorated Govone Castle. It’s a feast for all the senses. Germany is widely known as one of the best places in Europe for Christmas markets due to the sheer number across big cities and small towns. Cologne’s Christmas Market is a dream for food lovers, specifically. Sip on spicy glühwein, nibble on chocolate treats, and explore rows of stalls filled with handmade crafts and traditional German snacks. Cologne combines festive cheer with culinary delights that are as satisfying as they are indulgent. Wrocław’s Christmas Market is a hearty, delicious celebration of Polish holiday flavors. From steaming pierogi to mulled wine and traditional sweets, the market is filled with irresistible aromas that lead you through charming squares lined with colorful wooden chalets. It’s the perfect stop for travelers looking to eat their way through a festive wonderland. London goes all out for the holidays at Hyde Park Winter Wonderland, a larger-than-life celebration of food, drink, and festive cheer. At its heart is a Christmas market where you can sample Bavarian specialties, Swiss fondue, global street food, and classic English sweets. Stalls with handmade goods, themed bars, and nightly performances complete the experience, creating a true feast for the senses. Best Christmas markets in the U.S. Modeled after traditional German markets, Denver’s Christkindl Market features glühwein, bratwurst, and handcrafted ornaments in a cozy downtown setting. Add festive music, ice skating, and warm holiday cheer, and you’ve got a perfectly European-inspired winter experience in the Rockies. With dozens of stalls to shop, seasonal goodies, and a sparkling ice-skating rink set against the city skyline, it’s easy to see why Bryant Park Winter Village is one of the best Christmas markets in the U.S. Lights, shopping, and a joyful spirit combine to create a quintessential NYC festive experience and a truly magical holiday. The Danish-inspired village of Solvang in California wine country transforms into a European-style Christmas wonderland. Stroll photogenic streets lined with twinkling lights, enjoy boutique shopping, and catch festive performances that make it feel like you’ve stepped out of Southern California, and straight into a storybook. Find your perfect holiday escape From cozy European squares to twinkling U.S. cities, the world lights up with holiday magic every December. Explore streets dusted with snow, sip mulled wine, nibble on seasonal treats, and soak in the festive cheer. Whether it’s your first visit or a beloved annual tradition, these best Christmas markets are guaranteed to put a little extra sparkle in your season.

Looking for the best things to do in Palm Springs? This desert oasis is known for its mid-century modern design, a rugged mountain backdrop, and quirky, yet refined culture. But the region offers far more than what you’ll find within the Palm Springs city limits. The greater Palm Springs area, known as the Coachella Valley, is made up of nine distinct cities, each with its own personality and things to do like luxury resorts, world-class golf, and cultural pursuits. This overview will help you decide where to explore, stay, and play in this remarkable desert destination. Palm Springs Palm Springs is the valley’s most well-known destination, with a walkable downtown, famous mid-century architecture, rich Hollywood history, and a mountain backdrop that’s unique to this corner of the Coachella Valley. It’s also home to many of the region’s most recognizable landmarks including the Aerial Tramway, the Palm Springs Art Museum, and classic celebrity neighborhoods, making it a superb place for architecture lovers, culture seekers, and anyone looking for a quintessential desert escape. Top things to do in Palm Springs: Palm Desert Palm Desert is a polished, upscale city known for its country clubs, golf courses, and high-end shopping. Located just southeast of Palm Springs, it serves as a central hub of the valley with easy access to both luxury resorts and family-friendly attractions. If you’re looking for things to do in Palm Desert, El Paseo is a one-stop shop with designer boutiques, art galleries, and restaurants, giving it a refined, resort-town feel. Top things to do in Palm Desert: Rancho Mirage Rancho Mirage is relaxed, refined, and known for its world-class resorts, wellness retreats, and deep ties to Hollywood and American political history. Often called the “Playground of the Presidents,” the city has hosted U.S. presidents, dignitaries, and celebrities for decades — from Frank Sinatra and Lucille Ball to Ronald Reagan and Barack Obama. Today, visitors come for its serene atmosphere and polished resort experiences. The River at Rancho Mirage is a popular choice for dining and entertainment, while families love the 100-foot water slide at the Omni Rancho Las Palmas Resort & Spa. Top things to do in Rancho Mirage: Indian Wells Indian Wells is one of the valley’s most exclusive communities, complete with luxury resorts, world-renowned tennis facilities, and a tranquil, upscale atmosphere. Smaller and more residential than Palm Desert or La Quinta, the city is best known as the host of the BNP Paribas Open — one of the premier tennis tournaments in the world. Its palm-lined streets, mountain views, and elegant properties make it a favorite for travelers seeking a quieter, refined getaway. Top things to do in Indian Wells: La Quinta Nicknamed the “Gem of the Desert,” La Quinta is uniquely tucked away in the mountains and boasts top-tier golf, outdoor adventure, and Spanish-pueblo–inspired architecture — a distinct contrast to the mid-century modern aesthetic in Palm Springs. Built around the iconic La Quinta Resort & Club, the city has grown into a hub for arts, culture, and recreation. If you’re searching for things to do in La Quinta, you’ll find boutique shopping and cafes in Old Town, miles of trails along the Santa Rosa Mountains, and a thriving creative community highlighted by the nationally ranked La Quinta Arts Festival. Top things to do in La Quinta: Indio Indio is located at the eastern end of the Coachella Valley about 30 minutes from Palm Springs and is known as the “City of Festivals” thanks to major events like Coachella and Stagecoach music festivals. For those searching for things to do in Indio beyond its world-famous music scene, the city has deep agricultural roots — particularly in date farming — along with a vibrant mix of cultural experiences, local markets, and historic sites. It’s one of the valley’s most dynamic cities, where festival energy, culinary traditions, and community pride all come together. Top things to do in Indio: Cathedral City Cathedral City sits just east of Palm Springs and pairs a thriving local arts scene with an emerging mix of upscale dining, design studios, and boutique cultural venues — a more relaxed alternative to the neighboring resort hubs. Art enthusiasts will appreciate the working-artist community and the growing creative corridor along Perez Road, while modern theaters, curated galleries, and contemporary public art installations give the city a distinct cultural identity within the valley. There are plenty of things to do in Cathedral City if you know where to look. Top Desert Hot Springs Desert Hot Springs is a true wellness oasis, renowned for its naturally occurring hot mineral springs — some of the purest and most therapeutic in the world. The city blends boutique spa hotels, polished wellness retreats, and retro-chic hideaways that draw travelers seeking restorative experiences away from the busier resort hubs. Its elevated vantage point offers sweeping views of the Coachella Valley, and its location makes it an ideal base for exploring the surrounding desert landscape, including nearby Joshua Tree National Park. Top things to do in Desert Hot Springs: Coachella Coachella is a multicultural city at the eastern edge of the valley, known for its rich agricultural heritage, colorful public art, and authentic local dining. Unlike its festival-famous neighbor Indio, Coachella offers a more community-driven experience, with historic neighborhoods, farm-fresh markets, and a growing collection of artistic murals that celebrate the region’s history and creativity. It’s a great stop for visitors looking to explore the valley’s cultural roots and discover under-the-radar culinary spots. Top things to do in Coachella:   Things to do in Palm Springs and beyond The Coachella Valley offers an impressive range of scenery, activities, and culture, all within a short drive. Choose the city that suits you best, or experience more than one in a single trip. Golf in La Quinta in the morning, soak in mineral springs in Desert Hot Springs by afternoon and enjoy a trendy dinner in Palm Springs that evening. Whatever your style, the nine cities of Greater Palm Springs offer endless ways to unwind and enjoy.

Retirement is your time to embrace relaxation, adventure and the lifestyle you’ve always dreamed of. Finding the perfect destination is key, whether you picture yourself savoring coastal sunsets or exploring centuries-old European villages. Our guide to the 10 best places to retire in Europe provides everything you need to make an informed choice for your Using a comprehensive scoring system based on seven crucial factors, we’ve ranked the top European countries for retirement. Check out the full methodology at the end of the post to see how we developed these rankings. 1. Valencia, Spain Valencia effortlessly blends Mediterranean charm with a city atmosphere, making it a top choice for retirees. The city offers golden beaches, a rich history, cultural festivals like Las Fallas and affordable living. Its first-class healthcare system provides peace of mind, with both public and private options ensuring top-notch care.  Valencia’s expat community is welcoming and diverse, featuring residents from across Europe and the Americas. With a range of housing options — from historic apartments to modern villas — and attractive visa programs like the Golden Visa, settling in is simple. Whether you’re savoring authentic paella or exploring tranquil retreats like Xàtiva and Albufera, Valencia is considered one of the best cities to retire in Europe and a perfect location for those looking for a 2. Paris, France For many, France is considered one of the best European countries to retire in. France’s healthcare system ranks among the world’s best, providing comprehensive public and private options for retirees. While the cost of living can be higher in Paris, it’s generally more affordable than in many major U.S. cities, like New York, Los Angeles and Chicago. With visa pathways like the VLS-TS Long-Stay Visa and tax benefits available to U.S. retirees, France makes it easy to enjoy a fulfilling and serene 3. The Hague, Netherlands The Hague offers retirees an ideal mix of culture and a high quality of life, making it a prime choice when While the cost of living is above the national average, the Netherlands’ universal healthcare system and safe environment ensure peace of mind. The Hague also provides a wealth of 4. Brussels, Belgium  You can't mention Belgium without talking about its world-famous sweets, from decadent chocolate and pralines to crispy, golden waffles. Brussels combines these culinary delights with a cosmopolitan flair, making it one of the best places in Europe to retire. The city is known for its international community, progressive atmosphere and rich cultural scene, with highlights such as world-class museums, art galleries and a thriving culinary culture. Retirees enjoy easy access to green spaces, excellent public transportation and Brussels' prime location in the heart of Europe.  While winters can be long and overcast, the city offers a welcoming, diverse environment perfect for exploring or relaxing. Affordable housing and a high-quality healthcare system further enhance its appeal, though non-EU retirees should plan for a more complex residency process.  5. Helsinki, Finland When it comes to quality of life, Helsinki is one of the best countries to retire in Europe. About 70% of the population speaks English, which simplifies communication, and all permanent residents have access to a top-tier, publicly funded healthcare system. The cost of living is lower than the U.S. average, with affordable housing, utilities and public transportation, though higher costs for gas and winter utilities may arise.  Despite its benefits, Finland's harsh winters and proximity to Russia may be challenging for some retirees. However, Helsinki's affordability and standard of living make it a compelling choice for retirement. 6. Zagreb, Croatia Zagreb provides retirees with an affordable cost of living, excellent public healthcare and wonderful natural beauty. The country is known for its low crime rates, warm summers and mild winters, making it a safe and welcoming destination. Coastal cities like Split and Dubrovnik offer a Mediterranean lifestyle, while the Istria region is renowned for its wine and olive oil production.  Retirees should prepare for bureaucratic hurdles in obtaining a visa, potential healthcare wait times and occasional earthquakes. With no taxes on foreign retirement income and a relaxed lifestyle, Croatia remains an attractive option for those ready to navigate its complexities. 7.  London, United Kingdom London’s urban lifestyle makes it an appealing choice for retirees, offering world-class cultural experiences, high-quality healthcare and excellent public transportation links that are free for pensioners. The city’s walkability and active transport options keep retirees physically engaged, while the abundance of museums, galleries and theaters foster intellectual and social stimulation. There are tons of Depending on  8. Sicily, Italy Sicily offers a warm Mediterranean climate with mild winters and hot summers, making it an attractive destination for retirees looking to While the public healthcare system is accessible and affordable, many expats opt for private healthcare for more comprehensive coverage. However, navigating Italy’s language barrier can be a challenge, especially for those not fluent in Italian.  9. Lagos, Portugal Lagos, located in the Algarve region of Portugal, is a peaceful town known for its beaches, dramatic cliffs and storied history. The Mediterranean climate is one of its many draws, offering warm summers and mild winters that enhance the relaxed lifestyle. An increasing expat community provides an excellent setting for retirees looking to enjoy a social and active lifestyle. The strong potential for kinship abroad makes Lagos one of the best places for expats to retire. The D7 visa option allows retirees to live in Portugal, provided they meet specific requirements, including proof of income and health insurance. Lagos is affordable, and its thriving tourism and outdoor activities, such as surfing, boating and hiking, provide a rich cultural experience for anyone choosing to retire there. Retirees should be mindful of the 10% tax on foreign income for those holding the D7 visa and the need to secure private health insurance for full coverage. 10. Crete, Greece Spending your golden years on an island in the Aegean Sea sets up Crete, Greece as one of the best places for Americans to retire in Europe. Crete is an island off the coast of Greece and an enticing destination for retirees. It offers many outdoor activities, such as hiking, swimming and sailing. Its Mediterranean climate features warm, dry summers and mild winters, making it ideal year-round. Plus, Crete is just a short boat ride from Santorini, one of the best The cost of living in Crete is also significantly lower than in the U.S., especially for housing and dining, giving retirees access to an affordable lifestyle. Crete’s excellent healthcare system combines both public and private options, ensuring that expats can receive quality medical care. With historical sites and the famous Minoan civilization, Crete offers a lively atmosphere for those looking for an active lifestyle. Enjoy Europe Easier with Pacaso Whether you're an Our methodology To establish the rankings of the top 10 retirement destinations, we created a thorough evaluation system grounded in five essential factors that matter most to retirees. We carefully chose these factors to align with the key concerns of those looking for affordable, fulfilling and comfortable retirement options. We calculated the rankings by applying these factors, each given a specific weight as outlined below: Cost of Living (25%) Affordability is paramount when choosing a retirement destination, which is why the cost of living holds the highest weight in our methodology. To evaluate affordability, we took into account average monthly expenses such as housing, groceries, utilities and transportation. For accuracy, we pulled data from the Health Care (20%) Given its critical importance, health care was assigned the second-highest weight. We assessed each country's health care system based on Numbeo’s health care index, which evaluates the quality of healthcare services by considering factors like medical staff, infrastructure, treatment costs and access to care.  Safety (20%) Retirees prioritize safety in their decision-making process. For this factor, we turned to the The GPI offers insights into each country's peace level by examining factors like crime rates, terrorism, political stability and military expenditure. Using this index, we assessed the relative safety of each nation.  Average Home Price (15%) Home affordability plays a central role in determining a country's appeal to retirees. To measure housing costs, we analyzed the average percentage of income spent on home prices in each country, leveraging data from Numbeo.  Social Security Tax (10%) Taxation has a big impact on retirees' finances. We examined tax policies such as social security exemptions and local sales taxes, evaluating the impact these taxes would have on retirees. For consistency, we calculated the average tax rates across countries and factored them into the overall ranking.  Climate (5%) A favorable climate can greatly affect the lifestyle and well-being of retirees. We utilized a climate index that ranks cities worldwide by their weather and temperature patterns, considering annual averages and conditions that would be most desirable for long-term living.  Retirement Visa (5%) The ease of acquiring a retirement visa can influence a retiree’s decision. We tracked countries that offer retirement visas and those that do not, recording results in a binary fashion for each destination. The countries that streamline the visa application process were given higher marks. 

Retirement should be a time to relax and enjoy life. Do you imagine chilling on the beach, immersing yourself in new, exciting cultures or both? 1. Spain Imagine sipping sangria at a local tapas bar while chatting with your neighbors until sunset — that's just an average evening in Spain. Beyond the Mediterranean climate and world-class healthcare, Spain offers retirees something uniquely special: a culture that celebrates aging. Here, being a "jubilado" (retiree) means you're respected and included in community life. The country's famous “sobremesa” tradition — lingering after meals for conversation — makes it easy to build lasting friendships with both locals and fellow expats. For those drawn to the sunny Andalusian coast, exploring 2. Malaysia Where else can you wake up to the call of exotic birds, spend your morning exploring a modern city and your afternoon relaxing in the sand in front of your Retirees particularly appreciate the country's "silver hair" privileges — many businesses offer special discounts to seniors, from travel to dining. Plus, the country's strategic location makes it perfect for exploring Southeast Asia during your golden years. 3. Portugal While other European destinations might strain your retirement savings, Portugal offers an enviable lifestyle at a surprisingly gentle price point. What sets it apart is the country's deeply rooted café culture, where you can spend hours people-watching over a pastel de nata and coffee for just a few euros.  The Portuguese concept of "saudade" — a loving longing for life's beautiful moments — resonates particularly well with retirees seeking meaning in their next chapter. This quality of life makes it an appealing place to 4. Belgium Forget the obvious retirement haunts — Belgium offers a sophisticated twist on European living. You can start your day with the world's finest chocolates, spend afternoons exploring UNESCO-listed medieval towns and end your evenings sampling over 1,500 unique beer varieties.  Retirees particularly value the country's central location, making it the perfect home base for European adventures. The Belgian commune system ensures every neighborhood has its own distinct identity and community center, helping you quickly become part of the local fabric. 5. New Zealand If your idea of What truly sets New Zealand apart is its tramping (hiking) culture. You can join a local seniors' walking group and discover hidden trails while forming lasting friendships with fellow nature enthusiasts. Add New Zealand's high safety ranking and you've got one of the best foreign countries to retire in. 6. United Arab Emirates (UAE) If you think retirement means slowing down, the UAE proves otherwise. As one of the best foreign countries to retire in, this ultra-modern nation offers retirees a unique proposition: tax-free living in a country where tradition meets tomorrow.  The recent retirement visa program includes perks like zero property maintenance fees and exclusive access to members-only clubs, making 7. Mexico Forget everything you think you know about retiring in Mexico. This vibrant country ranks among the easiest countries to retire to from the USA, and for good reason. Just a short flight from major U.S. cities, places like Cabo San Lucas offer a perfect blend of familiar comforts and exotic charm. In this sun-drenched paradise at the tip of Baja California, retirees enjoy world-class sport fishing, whale watching and year-round The country's unique "tercera edad" (third age) benefits sweeten the deal with significant discounts on everything from grocery shopping to airline tickets. In Cabo's thriving expat community, for example, you'll find countless organized activities — from sunset yacht cruises to desert adventure clubs. Many U.S. banks and businesses operate here, and you can even keep your U.S. phone number, making it feel like you've discovered a slice of paradise without leaving your comfort zone. 8. Thailand Consistently ranked among the best places to retire abroad, Thailand's appeal goes far beyond its tropical climate and affordable living. The country's unique retirement visa, known as the " In cities like Chiang Mai, retirees can join early morning tai chi groups in public parks, learn traditional crafts from local artisans or even become part-time English conversation partners at local schools — all while enjoying the country's legendary hospitality. 9. Ireland The Emerald Isle, one of the best places for Americans to retire, offers more than just stunning landscapes — it provides a retirement filled with "craic" (fun and entertainment). Its unique Age Friendly Ireland program ensures communities are designed with seniors in mind, from accessible public spaces to social clubs.  Retirees often find themselves drawn into the local storytelling tradition, whether joining a writing group or simply sharing tales at the neighborhood pub. The country's Active Retirement network organizes everything from dance classes to mystery tours. 10. Switzerland While Switzerland's price tag might raise eyebrows, its unique benefits make it one of the best places to retire in the world for those seeking a premium quality of life. As one of the safest places to live in the world, Switzerland provides retirees with unmatched peace of mind. The country also offers retirement visa options for U.S. expats, allowing those who meet financial requirements to enjoy their golden years. The 11. Italy Living "la dolce vita" takes on new meaning when you retire in Italy, consistently rated among the best places to retire outside the U.S. Each region offers its own unique flavor of 12. United Kingdom Beyond the charm of afternoon tea and historic villages, The U.K.’s healthcare system, the NHS, adds another layer of appeal, offering comprehensive care that often comes at a lower cost than in the U.S. This combination of financial and health security further enhances the U.K.'s appeal for retirees, ensuring both peace of mind and quality of life. Meanwhile, the country’s extensive volunteer network helps retirees find meaningful ways to contribute to their communities. 13. Morocco Morocco offers a retirement experience unlike any other, where ancient traditions enhance modern living. The country's Living Like a Local program connects retirees with Moroccan families for cultural exchange and language practice.  In cities like Fez, join a traditional craft guild to learn centuries-old artisan skills or participate in community hammam (bathhouse) days — a social tradition that spans generations. The country's recent retiree residency program includes benefits like dedicated healthcare liaisons and cultural orientation services. 14. France France elevates retirement to an art form, offering more than just wine and cheese (though those are excellent perks!). The country’s public healthcare system is renowned as one of the best in the world. Retirees can enroll in the Assurance Maladie, which provides universal coverage to all French residents, granting access to a wide range of healthcare services, including doctor visits. This ensures health concerns won’t disrupt your golden years. The unique "senior solidarity" program ensures retirees never feel isolated, with regular community events and social clubs. Many regions also offer culture passes for seniors, giving free or discounted access to museums, theaters and concerts. Whether you're exploring picturesque villages or searching for the 15. Chile Chile's beautiful landscapes are matched by its innovative approach to retirement living, making it one of the top countries to retire in. The country's Better Aging initiative provides seniors with free technology training and equipment to stay connected with family worldwide.  Retirees often find themselves drawn to the country's unique "closed communities" — residential areas designed specifically for active seniors, complete with on-site activities and social programs. The growing digital nomad retiree community makes it easy to connect with like-minded expatriates while exploring everything from the Atacama Desert to Patagonia. Let Pacaso help you retire in style Choosing the best country to retire in the world is just the first step of your journey. Pacaso can help you with the heavy lifting and guide you through the details of your new home overseas. From maintenance and billing to no-stress financing, Pacaso can turn the process of Our methodology To determine the rankings for the 15 best countries for retirement, we developed a comprehensive scoring system based on seven key factors. Each factor was carefully selected to reflect the priorities and concerns of retirees looking for a safe, affordable, comfortable and fulfilling retirement experience. The rankings were calculated using these factors and weights, with data pulled from various reputable sources. Cost of living (25%) Cost of living carried the highest weight in our rankings, as affordability is a top priority for retirees. The metric used for each country was the cost of living index sourced from Healthcare (20%) Access to quality healthcare is especially important for retirees, so it was assigned the second-highest weight. We sourced the healthcare index from Safety (20%) Living in a safe place makes retiring a more comfortable experience. Our rankings pulled from the comprehensive The index breaks down safety into three key components: This gives you a more practical view of what safety really means when you're considering where to spend your retirement years. Average home price (15%) Housing is a major expense for retirees, and affordability can significantly impact their overall quality of life. To gauge housing accessibility, we sourced the average percentage of income spent on home prices in each location from Taxes (10%) Tax policies can significantly impact retirees’ budgets. We factored in tax benefits for retirees, such as Social Security tax exemptions and sales tax for each country. We found the average of these taxes and applied 15% weight to each ranking. Climate (5%) A comfortable climate plays an important role in retirees' lifestyles and well-being. We used a Retirement visa (5%) Countries that offer a retirement visa and make the process easy can be an important factor for retirees. The results were binary, logging countries that include retirement visas and those that do not. 

Vibrant foliage, crisp air and fewer vacationers make autumn the perfect time for travel and adventure. To help you make the most of this enchanting season, we've curated a list of the 41 best fall vacation destinations across the United States. And if one of them feels like home, we can help you co-own a vacation home to love all year round. 1. Pocono Mountains, Pennsylvania The Pocono Mountains are a paradise for hikers who love the brisk autumn temperatures and the foliage along the Appalachian Trail is breathtaking. Explore charming towns like Jim Thorpe and Stroudsburg as you travel through the region. If hiking isn’t your cup of tea during a 2. Woodstock, Vermont Take a scenic drive along Route 100, where the rolling hills are ablaze with the fiery hues of fall foliage. Explore the charming streets of Woodstock, where you'll find artisanal shops and cozy cafes. As the sun sets, take a leisurely walk through the 3. Hudson Valley, New York Drive along Route 9W, where the rolling hills are painted in vibrant autumn colors.  Indulge in local apple picking at orchards like Fishkill Farms, enjoying freshly pressed cider while you’re there. Explore historic sites like Kykuit, the Rockefeller estate and Washington Irving's Sunnyside. 4. New York City, New York To kick off a great fall vacation in New York City, stroll through Central Park, where the leaves turn brilliant shades of red and orange. Then head to Greenwich Village and pop into cafes as you wander the charming streets. Don't miss the chance to take a scenic ferry ride to see the Statue of Liberty against the crisp autumn skyline. Warm up in one of the city's world-class museums, like the Metropolitan Museum of Art, The Guggenheim or MoMA. 5. Long Island, New York Long Island has charming towns like Greenport and Southold, perfect for browsing in antique shops and boutiques. Families will enjoy visiting pumpkin patches and apple orchards, and adults will savor local wineries adorned with fall colors. As the sun sets, dine at a waterfront restaurant. 6. Catskill Mountains, New York Drive along Route 28 to see the rolling hills and vibrant foliage create a picturesque fall setting. Explore the hiking trails in the Catskill Forest Preserve, such as Kaaterskill Falls and Overlook Mountain, to witness the fall colors in all their glory. Nearby, small towns like Woodstock and Phoenicia offer a variety of art galleries, cozy cafes and farm-to-table dining.  7. Salem, Massachusetts The rich history of Salem, Massachusetts, comes alive in autumn. Begin your journey with a visit to the Salem Witch Museum to learn about the infamous witch trials. Stroll along the historic streets and visit the House of the Seven Gables, an architectural gem. There are many Halloween festivities — including haunted tours and ghostly reenactments — to enjoy as the sun sets. Immerse yourself in the eerie atmosphere of Salem's candlelit cemeteries and historic sites, making your fall getaway a truly bewitching experience. 8. Boston, Massachusetts Immerse yourself in Boston’s rich history and vibrant autumn ambiance with a stroll through Boston Common and the Public Garden, the first public botanical garden in the country. The leaves transform into a tapestry of reds and yellows — perfect for fall photoshoots. Take a leisurely walk along the Charles River Esplanade to witness the city's skyline ablaze with autumnal colors as the day ends. 9. Chicago, Illinois No trip to Chicago is complete without a visit to Millennium Park, where the Bean and surrounding gardens are adorned with fall colors. Take a scenic stroll along Lake Michigan's shoreline, where the crisp breeze and changing leaves create a serene atmosphere. As evening approaches, the city's skyline lights up along the Chicago Riverwalk, and the city’s legendary jazz clubs come alive.  10. Black Hills, South Dakota Autumn is the perfect time for a scenic drive through the Black Hills National Forest, where the vibrant fall foliage paints the landscape in a mosaic of reds, yellows and oranges. After a hike or two, catch a glimpse of the free-roaming buffalo herds at Custer State Park. End your fall getaway with a visit to Mount Rushmore and Crazy Horse Memorial.  11. Door County, Wisconsin The Door County Coastal Byway showcases the shores of Lake Michigan in gorgeous fall foliage. Hike the trails at Peninsula State Park, taking in breathtaking views from Eagle Bluff. Stop by small villages like Ephraim and Fish Creek for a charming day trip. Visit a local orchard for apple picking to indulge in the seasonal harvest. End the night with a glass of wine and local cheese as a reward for your hard work adventuring. 12. Yellowstone National Park, Wyoming, Idaho and Montana Bask in the geothermal wonders of Old Faithful where steam mingles with crisp fall air. Explore the park's diverse landscapes, from the colorful canyons of Yellowstone to the fiery hues of aspens and willows along the Lamar Valley. Watch for the park's wildlife, including elk and bison. Stop by the thermal pools at the Mammoth Hot Springs, where the fall colors contrast beautifully with the clear water — making it the perfect place to end your day of autumn adventure. 13. Jackson Hole, Wyoming 14. Seattle, Washington A good first stop is Pike Place Market, where you can sip on warm apple cider and explore stalls brimming with seasonal produce and artisanal crafts. After, stroll through the lush Washington Park Arboretum and its Japanese maple grove to witness the trees painted in stunning shades of red and gold. For photo ops, ride the Seattle Great Wheel on the Elliott Bay waterfront, then check out one of the city’s many independent coffee shops.  15. Columbia River Gorge, Oregon Eagle Creek and Multnomah Falls burst with vibrant autumn colors that pop against the lush greenery, making them the perfect fall hiking destinations. Explore the charming towns of Hood River and Cascade Locks, known for their local cideries and wineries. For panoramic views of the Columbia River framed by golden foliage, take a scenic drive along the Historic Columbia River Highway.  16. Portland, Oregon Portland’s unique blend of urban charm and natural beauty makes it one of the best places to visit in the fall. Visit Powell's City of Books, one of the world's largest independent bookstores, then explore the city's lush parks, like Forest Park or Washington Park, where the fall foliage is on full display. As the day winds down, take a leisurely stroll along the waterfront of the Willamette River to see the city’s illuminated bridges.  17. McKenzie River, Oregon Start your journey on the Historic Columbia River Highway, where waterfalls and colorful foliage line your path. To see lava fields framed by golden trees, explore the McKenzie Pass-Santiam Pass Scenic Byway. Along the way, visit charming small towns like Hood River and Sisters, where local harvest festivals and cozy cafes await.  18. Napa Valley, California As the 19. San Francisco, California With a warm cup of coffee in hand, take a walk across the iconic Golden Gate Bridge, where the fog adds an enchanting atmosphere to your journey. Head to Golden Gate Park to witness the trees adorned in fall colors and visit the Japanese Tea Garden for a serene escape. Don't miss a drive down scenic Highway 1 to admire the rugged coastline and colorful autumn hues of nearby vineyards.  20. Redwood National Park, California Few places compare to the splendor of these ancient giants. Explore the park's scenic coastal trails, like the Fern Canyon loop, for a blend of lush greenery and vibrant fall colors along the Pacific coastline. To see some of the tallest trees on earth, visit the Tall Trees Grove. At dusk, witness the park's starry skies, free from light pollution, for a truly mesmerizing experience. 21. Yosemite, California Hike to iconic sites like Yosemite Falls and Half Dome for amazing views of the changing leaves. Now is your chance to capture stunning photographs of the changing leaves reflected in the crystal-clear waters of Mirror Lake. If you’re thinking of camping, plan ahead because reservations are required and sell out quickly. 22. Livermore, California Soak up the region's wine country charm and scenic beauty in Livermore. Savor wine tastings and learn about the winemaking process amidst the gorgeous fall colors. Explore the Livermore Valley Wine Country Trail, taking in the breathtaking views of rolling hills and grapevines. Adventurers can take a hot air balloon ride for a bird's-eye view of the stunning landscape. Savor farm-to-table cuisine at local restaurants and cafes. 23. Mammoth Lakes, California Enjoy California’s crisp autumn weather during a hike along Eastern Sierra trails like the Crystal Lake Trail, where the aspen groves burst with brilliant fall colors. Explore the Mammoth Lakes Basin for sweeping views of the natural landscape. For even better views, take a gondola ride up to the Mammoth Mountain summit for panoramic views of the surrounding peaks, ablaze in autumn hues.  24. Lake Tahoe, California 25. Palm Springs, California Though most think of it as a prime 26. Park City, Utah 27. Ouray, Colorado Hot springs and hikes make Ouray, Colorado, one of the best fall vacations in the U.S. Hike in the nearby San Juan Mountains, where aspen trees blaze with golden foliage. Don't miss a drive on the Million Dollar Highway, known for its dramatic vistas and winding roads. After a day full of adventure, relax in the soothing hot springs Ouray is famous for. 28. Colorado Springs, Colorado Begin your Colorado Springs adventure by exploring nearby trails, like the Manitou Incline or Barr Trail, for scenic hikes amidst the vibrant foliage. Don't miss a ride on the Pikes Peak Cog Railway for panoramic views of the surrounding mountains and valleys dressed in fall colors. Then, stargaze at the Cheyenne Mountain State Park for an amazing celestial experience. 29. Aspen, Colorado Embrace the enchanting beauty of the Rocky Mountains in 30. Vail, Colorado Sitting in the Rocky Mountains, 31. Telluride, Colorado Indulge in the breathtaking autumn beauty of the San Juan Mountains and the charming mountain town of 32. Flagstaff, Arizona Flagstaff is more than a quaint town near the Grand Canyon — it’s the jumping-off point for lots of outdoor adventures. Hiking in the Coconino National Forest is the best way to enjoy the vivid colors of maple trees in fall. Take a scenic drive along the San Francisco Peaks Scenic Byway to see the volcanic peaks and autumn colors amidst breathtaking views. Consider visiting the Lowell Observatory for stargazing under the clear autumn skies.  33. Santa Fe, New Mexico The adobe buildings and vibrant fall colors of the Southwest create a unique atmosphere to explore. Experience the city's renowned art scene with visits to the Georgia O'Keeffe Museum and local galleries. Drive through the Sangre de Cristo Mountains to see golden aspens, and end your day by stargazing under the clear desert skies. 34. Albuquerque, New Mexico Witness the fiery hues of sunrise and fall foliage from above with a hot air balloon ride over the Rio Grande Valley. Explore Old Town Albuquerque, where adobe buildings and artisan shops create a charming atmosphere. And spend a day at Petroglyph National Monument, where you can witness ancient rock carvings. 35. Austin, Texas This capital city is lively year-round, but fall is special. Visit to the Texas State Capitol, where you can learn about the state's history and enjoy the picturesque grounds. In the evening, take a leisurely walk around Lady Bird Lake to watch the sunset over the city skyline. Ride bikes along scenic Barton Creek Greenbelt, where fall foliage lines the trails. And no trip to Austin is complete without checking out a live music performance at venues like the Continental Club.  36. Dallas, Texas Head to the Dallas Arboretum and Botanical Garden, where the foliage is a spectrum of fall colors. Grab your cowboy hat and head to the 24-day State Fair of Texas, a quintessential fall event full of rides,  food and lively entertainment. Nature lovers can enjoy the mild weather with a picnic at White Rock Lake or a hike in the nearby Cedar Ridge Preserve. Don’t miss trying a seasonal craft beer at one of the local breweries.  37. Oklahoma City, Oklahoma The Myriad Botanical Gardens is a feast for the eyes during fall. Or head to the scenic Oklahoma River, where you can take a stroll or rent a kayak or paddleboard for an adventure on the water. Get a taste of local cuisine and enjoy live music in the always-vibrant Bricktown district.  38. Asheville, North Carolina Asheville is a stunning destination, especially in the fall. The city’s charm, abundance of breweries and proximity to nature make it a great 39. Williamsburg, Virginia Step back in time and relish the charms of this historic town. Watch costumed interpreters bring the 18th century to life amidst the backdrop of autumn leaves in Colonial Williamsburg. Explore the Governor's Palace gardens or drive along the Colonial Parkway, which offers picturesque views of the James River and surrounding woodlands. 40. Gatlinburg, Tennessee  Ready to embrace the autumnal splendor of the Smoky Mountains? Begin your day with a drive along the Newfound Gap Road to get a dose of fall colors. Explore Great Smoky Mountains National Park hiking trails, like Alum Cave or Laurel Falls, to bask in the colorful foliage. Visit the quaint shops and restaurants of Gatlinburg– one of the 41. Charleston, South Carolina To have the best fall vacation in Charleston, immerse yourself in the city's historic charm and coastal beauty. Stroll through the historic district, where centuries-old oak trees are adorned with Spanish moss, creating a magical autumn ambiance. Take a boat tour to nearby barrier islands like Morris Island, where you can enjoy serene beaches. Savor local cuisine, like shrimp and grits, at nearby restaurants. Experience the sunset over Charleston Harbor for a perfect ending to your fall getaway. Fall in love with a Pacaso vacation home Does one of these autumn destinations feel like it could become your With a Pacaso home, you just show up, unpack and make memories. We take care of maintenance, bills and management.

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,

For many of your second home clients, co-ownership will be a new concept. They may be asking, “What is Pacaso?”, “How does Pacaso work?”, Here’s a helpful reference you can use to explain the benefits of Pacaso’s fully managed LLC co-ownership to your clients What is Pacaso? Founded by former Zillow executives, Pacaso is a technology-enabled marketplace that modernizes real estate co-ownership, enabling families to effortlessly own a luxury vacation home and travel with confidence. Pacaso buys extraordinary homes in top locations and creates an LLC for each home. Buyers purchase the amount of ownership that meets their needs, starting at one-eighth. Each home has a maximum of eight owners, and when the home has been fully sold, Pacaso does not retain any ownership. Pacaso professionally manages the home, handling home design, turnover services, maintenance, bill payment, repairs, LLC oversight, taxes, and more. Owners use the company’s equitable SmartStay™ scheduling system to book stays in their turnkey home anywhere from two days to two years in advance. How Pacaso compares to other co-ownership models Co-ownership and fractional ownership are not new ideas, but Pacaso has modernized the concept for those buying a second home. Unlike traditional fractional ownership or timeshares, which often involve resort-style properties or limited usage rights, Pacaso focuses on true property ownership in high-end, single-family homes in premier destinations. Here’s how Pacaso stands apart: In short, while other co-ownership models may offer shared access, Pacaso offers shared ownership with all the benefits of real estate investment, and none of the stress. Understanding these key differences can help you confidently present Pacaso as the best solution for clients buying a second home. Answers to clients' commonly asked questions: Pacaso is a real estate service that allows buyers to co-own luxury second homes through an LLC. Owners purchase a share that fits their needs, from 1/8 to 1/2 of the home, while Pacaso handles maintenance, scheduling, and management. This approach lets buyers enjoy a turnkey, fully furnished home for less cost and hassle than full ownership, while still building potential equity. No. Pacaso is LLC Yes. The legal forms and closing process will be largely the same as a standard home purchase. Local agents (like me) partner with Pacaso and receive commission when our buyers close on a sale of a Pacaso. Yes. Pacaso offers buyers access to a competitive-rate mortgage for up to 70% of their home’s purchase price. Buyers can also use other funding sources such as a HELOC, credit line or cash. Owners book stays using the Pacaso app, designed to make scheduling easy and equitable based on your amount of ownership. You can schedule stays throughout the year, anywhere from 2 days to 24 months in advance, and there are no fixed selection periods. Selling your Pacaso share is simple and streamlined. You set your own price with guidance from Pacaso, and our marketplace connects you with interested buyers, including other co-owners. Because you’re transferring an LLC interest rather than the property itself, the process is fast and hassle-free. Many owners also benefit from potential equity gains, with Pacaso shares historically selling at an average 10% increase. If your clients have additional questions, you can direct them to our

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.