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Timbers Resorts, operated by Timbers Company, was founded in 1999 as a developer and operator of luxury private residence clubs, boutique resorts, and whole-ownership homes in approximately 16 of the world's most sought-after destinations. Rather than a traditional hotel chain, Timbers positions itself around the idea of "effortless ownership": buyers purchase real estate within a resort community and gain access to a full complement of resort-style services, amenities, and travel benefits. Timbers offers several distinct ownership paths: The Timbers model is designed for buyers who want to feel at home in a world-class resort, with tuned skis waiting, pantries stocked, and concierge services ready on arrival. It differs fundamentally from a timeshare in that owners hold a deeded real estate interest, not simply a right to use a unit for a fixed period. Timbers Resorts locations span a range of ski, beach, golf, and leisure destinations across North America, Europe, and the Caribbean. Known properties in the portfolio include: The Timbers portfolio currently spans over 16 destinations globally, a more concentrated footprint compared to Pacaso's 40+ markets, but each property is deeply embedded in its resort environment rather than distributed across standalone residential neighborhoods. The most common Timbers ownership structure is the Private Residence Club (PRC), which functions as deeded fractional real estate. Here's how it works in practice: For buyers seeking whole ownership, Timbers offers full-title private residences at most resort locations, with the same resort services and reciprocity benefits available to PRC owners. Whole owners can deposit up to six weeks annually into the Timbers Reciprocity Program to trade time across the broader portfolio. Timbers Resorts ownership costs vary significantly by property, share size, and market.  Pricing is not consistently published on their website, which makes direct comparison challenging. Based on publicly available data from resale listings and third-party sources: In addition to the purchase price, buyers should budget for: Timbers does not offer integrated financing. Buyers fund purchases through personal capital, private wealth financing, or third-party lenders, without a built-in lending program from the developer. The Timbers Reciprocity Program (TRP) is one of the most-cited features of Timbers ownership. It allows owners at any Timbers Collection property to trade their planned vacation weeks for time at other properties across the Timbers portfolio, spanning destinations like Tuscany, Kaua'i, Aspen, Vail, Cabo, Napa, and more. Here's how the mechanics work: The TRP is a meaningful benefit for owners who want variety across the Timbers portfolio. However, availability depends on other owners depositing their weeks, and the system caps the number of owners who can deposit per week (typically 9 per week at some properties), which may limit flexibility during peak periods. Buyer reviews of Timbers Resorts properties generally highlight the quality of the destinations, the resort-level amenities, and the hospitality experience as genuine strengths. Commonly cited positives include: Common concerns and complaints that prospective buyers raise include: Yes, Timbers PRC fractional interests are deeded real estate, which means they can be sold on the secondary market. Unlike timeshares, which can be extremely difficult to exit, Timbers ownership interests do have a resale market and can be transferred or bequeathed to heirs. That said, the Timbers resale market has some practical limitations buyers should understand: For buyers who prioritize long-term asset appreciation, the resale dynamics of resort fractionals differ from those of private residential real estate. This is a key distinction compared to Pacaso's model, where each share is tied to a single-family home whose value tracks the surrounding residential market. Both Pacaso and Timbers Resorts offer genuine, deeded real estate ownership in luxury vacation destinations, but the two models are designed around fundamentally different experiences. Here's a direct comparison across the dimensions that matter most to buyers: The deepest difference between Pacaso and Timbers Resorts is the ownership philosophy. Timbers is designed for buyers who love the resort experience — arriving to a fully staffed, amenity-rich environment where every detail is handled by hospitality professionals. The property is embedded in a larger resort community with shared amenities, restaurants, and services that rival a five-star hotel. Pacaso, by contrast, offers a private residential experience. You own a share of a standalone luxury home, not a unit in a resort building. There are no shared lobbies, resort restaurants, or golf clubs (unless the home has them). What you get instead is the privacy, space, and character of a real home: your own kitchen, backyard, living room, and neighborhood. For buyers who want to feel like a local rather than a guest, this distinction is significant. Timbers' scheduling system generally involves pre-assigned vacation windows and a lottery or priority-based process for reserving stays. This works well for owners who plan vacations far in advance and prefer fixed annual windows. For buyers who travel on shorter notice or need more calendar flexibility, the pre-planned structure can feel restrictive. Pacaso's Timbers does not offer integrated financing, which means buyers typically need to fund their purchase from personal capital or arrange separate private lending. For luxury resort fractionals with entry points often starting above $500,000, this can be a meaningful barrier. Pacaso offers Both models offer deeded real estate that can be resold, but the market dynamics differ. Pacaso shares are priced relative to the value of the underlying single-family home, which tracks the surrounding residential real estate market. As home values in places like Napa, Aspen, or the Hamptons appreciate, share values follow. Timbers fractional interests are more closely tied to the desirability and operational health of a specific resort. While high-demand properties like Timbers Kaua'i or The Sebastian Vail hold appeal, the resale market for resort fractionals can be less liquid, and secondary market prices have historically reflected discounts to developer pricing at many properties. Buyers should factor resale liquidity and long-term value trajectory into their comparison. Neither Pacaso nor Timbers Resorts is the right choice for every buyer, but they serve distinct buyer profiles clearly: For buyers who've been researching Timbers Resorts and are wondering whether a private home co-ownership model might serve them better, Pacaso is worth exploring directly. With homes in Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a property-specific LLC, giving them a true real estate asset. With integrated financing, SmartStay™ scheduling, a dedicated Home Manager, and a global home swap network, Pacaso is built for buyers who want the benefits of a second home without the full price tag or the complexity of managing it alone. Ready to explore what ownership looks like?

Paris Perfect is a well-established luxury vacation rental company with nearly two decades of experience managing high-end apartments in Paris, London, and Italy. In 2018, the company launched Paris Perfect Shared, its fractional co-ownership program, in response to a growing number of guests who dreamed of owning their own Parisian pied-à-terre but found full ownership either too expensive, too time-consuming, or too complicated to manage from abroad. The concept is simple: rather than purchasing an entire apartment, buyers acquire a deeded fractional share of a specific, fully renovated luxury apartment. Each share grants the owner four weeks of use per year. The apartment is professionally managed by the Paris Perfect team, with all costs like utilities, housekeeping, insurance, taxes, and a reserve fund covered through an annual, all-inclusive fee. Shares can be sold or passed on to family members, and the ownership vehicle handles all French tax obligations on behalf of owners, eliminating the need for a French bank account. Since its first property, the Cairanne, sold out within weeks in 2018, Paris Perfect Shared has expanded its portfolio steadily. Its apartments are concentrated in the 7th arrondissement, one of the most sought-after neighborhoods in Paris, steps from the Eiffel Tower, Rue Cler, and the Champ de Mars. While Paris is the core focus, the program has also expanded to Florence through sister site Italy Perfect Shared. Understanding the mechanics of Paris Perfect co-ownership is essential for prospective buyers. Here is how the program is structured: For buyers specifically focused on Paris, the model has real appeal. The apartments are renovated to a high standard, the management is handled by a team with deep local expertise, and the all-inclusive fee structure simplifies the ongoing ownership experience. However, the program's geographic concentration and limited scheduling flexibility are meaningful constraints for buyers who want more from their co-ownership investment. Paris Perfect has earned a strong overall reputation, particularly among guests who rent its apartments for vacation stays. Reviews consistently praise the quality of the apartments, their prime Left Bank locations, Eiffel Tower views, and the responsiveness of the management team.  Properties like Cabernet and Cognac receive high marks for cleanliness, thoughtful furnishings, and the personal touches that make a short-term apartment rental feel like a true home away from home. For co-ownership buyers specifically, the program's strongest reviews center on the quality of renovations, the straightforward annual fee structure, and the peace of mind that comes from having an experienced local team handle all maintenance and administration. Paris Perfect points to the quick sell-out of its earliest properties, with waiting lists forming even before launch, as evidence of strong owner satisfaction. That said, some Paris Perfect complaints and concerns do surface in public forums. The most common friction points relate to the rental side of the business rather than the co-ownership program directly: disputes over cancellation policies and refund timelines have appeared in older reviews, particularly during the disruptions caused by COVID-era travel restrictions. On the co-ownership side, prospective buyers should be aware of a few structural limitations: For the right buyer — one who loves Paris deeply and wants a permanent, beautifully managed home base in the city — Paris Perfect Shared delivers on its promise. The question is whether Paris alone is enough, and whether four weeks per share satisfies the lifestyle they envision. Pacaso and Paris Perfect both offer a path to genuine co-ownership of luxury real estate abroad, but they represent fundamentally different models built for different buyer profiles. The table below summarizes the key distinctions: Both models offer real property ownership unlike timeshares. Paris Perfect Shared provides a deeded fractional share of a single, specific Parisian apartment. Pacaso provides co-ownership shares held through a This is one of the most significant differences between the two programs. Paris Perfect Shared is essentially a one-city offering. Its portfolio is centered almost entirely in Paris, with a small expansion into Florence. For buyers who want Paris and only Paris, that focus is a feature. For buyers who also want a beach home in Both programs deliver high-quality, fully managed homes. Paris Perfect renovates classic Haussmann-style apartments with elegant, French-inflected interiors, many featuring Eiffel Tower views, parquet floors, and antique details. Pacaso homes are professionally designed to a luxury standard across all markets, with each property receiving a Scheduling is one of the most practically important dimensions of any co-ownership model, and it is where Pacaso and Paris Perfect diverge most noticeably. Paris Perfect allocates owner weeks through an annual rotation draft. Each owner selects two weeks per round, with draft order rotating each year to ensure fairness. This system is transparent and predictable, but it requires owners to plan their Paris visits far in advance and limits the ability to make spontaneous bookings or adjust dates as travel plans evolve. Owners with a 1/8 share receive approximately 44 nights per year and can purchase up to a 1/2 share for extended access. The app-based system means Beyond the scheduling mechanism, Pacaso also offers the Understanding the full cost of co-ownership — both the entry price and the ongoing carrying costs — is essential before committing to either model. Paris Perfect Shared share prices vary by property. Recent listings have ranged from approximately €116,000 for a studio or junior one-bedroom share to €225,000 or more for a larger one-bedroom share in a prime location. These prices represent a fraction of the full apartment value, which can run well into the millions for prime 7th arrondissement properties. Pacaso's entry pricing depends on the destination and property. Globally, 1/8 shares start from around $200,000. In Paris specifically, Pacaso's current inventory in the 6th and 7th arrondissements has 1/8 shares starting at approximately $500,000, reflecting the premium nature of the city's luxury real estate market. Paris Perfect charges an all-inclusive annual fee per owner that covers all operating costs: building charges, utilities, property taxes, insurance, professional cleaning, supplies, management, and a reserve fund for long-term maintenance. Dues are tied to actual expenses and do not automatically increase year over year, giving owners reasonable predictability. Owners also benefit from the simplicity of a single annual payment with no French bank account required. Pacaso charges ongoing management fees that cover One notable gap between the two programs is financing availability. Choosing between Paris Perfect and Pacaso ultimately comes down to what you want from a second home and how single-minded your love of Paris really is. For buyers who want the best of Paris and the freedom to explore the world, Pacaso's model offers a more scalable path to luxury second home ownership. It brings the same premium Paris real estate, in the same prestigious arrondissements, with a broader infrastructure of scheduling technology, global reach, and financial accessibility built around the modern second-home owner. If you are exploring what it means to own a luxury second home in Paris or beyond,

August Collections is a European co-ownership platform founded in 2018 by Mélie Dunod and Nicolai Johan. Rather than owning a single vacation home, August owners buy an equity share in a curated "collection" of four to five fully managed, renovated properties across Europe's most sought-after destinations, including the South of France, Tuscany, Mallorca, the French Alps, Paris, London, Rome, Barcelona, and the Cotswolds. The model is built on a simple premise: the average vacation homeowner uses their property for only about 35 days a year, leaving it empty for the remaining 11 months. By pooling ownership across multiple households, each collection stays occupied year-round while individual owners enjoy access to several homes for a fraction of the cost of purchasing any one of them outright. August handles the entire ownership experience, from property sourcing, renovation, and design to furnishing, maintenance, and management. Owners simply book time across their properties using a points-based scheduling system and arrive to find homes that are ready to use. When you buy into an August Collection, you are purchasing an equity share in a real estate company that owns four to five properties. Depending on the collection tier, you co-own those homes alongside up to 20 other owners, each holding a 1/21 share (or 1/16 in the Prime tier). Ownership is structured as a real estate company purchase, not a timeshare or club membership, meaning you hold actual property equity that can appreciate in value. Scheduling is managed through a points-based system. High-demand weeks (summer peaks, school holidays) require more points, while off-peak periods cost fewer. Last-minute bookings of vacant properties are available at no points cost. Each co-owner can expect to use their homes an average of 8 to 12 weeks per year across the collection. August emphasizes community among co-owners, curating groups of like-minded homeowners who share a similar lifestyle orientation. The company also manages all resales, with a secondary market already established and over 15 completed resales recorded, most of which were owners upgrading to a higher collection tier. August Collections pricing varies by tier, with share prices currently ranging from approximately €340,000 for a Pied à Terre entry-level share to €1.8 million for the Prime collection. Annual fees covering taxes, insurance, maintenance, and management are charged separately and range from roughly €8,600 to €19,800 per year depending on the collection. After each stay, owners also receive an invoice for end-of-stay cleaning and linen service, which typically runs €150 to €350 per visit. There is no mention of integrated financing on August's public-facing materials, meaning most buyers are expected to purchase shares with cash or arrange independent financing. August currently offers five collection tiers, each defined by property size, destination mix, and entry price: Each tier is launched in individual collections. Once a collection sells out, buyers can either join a waitlist for new collections or purchase a resale share on the secondary market. August notes that demand for resale shares often commands a premium over new shares, since resale buyers can access the homes immediately upon purchase. At a high level, both Pacaso and August Collections offer genuine co-ownership of luxury vacation homes, with real equity ownership, full-service management, and structured scheduling systems. The key differences come down to ownership model, geography, co-owner density, and flexibility. The table below compares the two models across major categories: The most fundamental difference between Pacaso and August Collections is what you actually own. With Pacaso, you own a share of one specific home in one destination, with up to seven other co-owners. That home is yours to use, and it tends to develop a real sense of place — a second home you return to, know intimately, and can eventually sell as an appreciating real estate asset. August Collections flips that model. You own a fraction of five homes spread across multiple European destinations. The appeal is variety: instead of returning to the same Tuscan farmhouse every summer, you can alternate between Mallorca, the French Alps, and the Cotswolds across different trips. The tradeoff is that your individual ownership stake in any single property is thinner, typically 1/21 of each home rather than 1/8. Co-owner density matters a lot for scheduling availability and the overall quality of the ownership experience. Pacaso homes have a maximum of eight co-owners, which means each owner gets roughly six weeks of use per year in a single home. August Collections can have up to 21 co-owners across five homes, which averages out to 8 to 12 weeks of access per year spread across the collection. On paper, those ranges overlap. In practice, however, more co-owners per property means more competition for peak weeks. With If your ideal second home is in Europe, specifically France, Italy, Spain, or the UK, August Collections offers an unusually compelling proposition: one purchase price, five destinations. For buyers already drawn to European travel and who want a base across multiple regions, the collection model is genuinely differentiated. Pacaso's edge is global breadth. With 40+ markets including For buyers specifically wanting to Pacaso offers August Collections does not publicly offer integrated financing. Buyers are generally expected to fund their share purchase independently. At share prices starting above €400,000, this is a meaningful consideration for buyers evaluating total capital requirements. Both models are legitimate, well-managed co-ownership platforms. The right choice depends on your priorities. August Collections may be the better fit if you: Pacaso may be the better fit if you: If you want the simplest path to owning a luxury second home, whether it’s in Europe or elsewhere, Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a

Kocomo is a Mexico City-based proptech company founded in 2021. It originally launched as a direct co-ownership provider, acquiring luxury vacation homes in sought-after Mexican destinations, including Los Cabos, Punta Mita, and Tulum, and selling fractional interests to multiple buyers who shared ownership and usage of each property. The model was designed to give buyers true real estate ownership at a fraction of the cost of sole ownership, with professional management and transparent, shared running costs. In November 2023, Kocomo pivoted and relaunched as a global co-ownership marketplace and education hub. Rather than selling its own properties, Kocomo now aggregates listings from co-ownership providers worldwide, including Ancana, Ember, Vivla, MYNE, Prello, and others, connecting buyers with vetted providers across dozens of markets. The site also functions as an educational resource explaining how co-ownership works, how it differs from timeshares, and how to evaluate providers. This shift is important context for anyone searching "what is Kocomo" today: Kocomo is no longer a co-ownership provider in the traditional sense. It is a marketplace. If you find a listing on Kocomo, the underlying property is managed and sold by a third-party provider, not by Kocomo directly. Because Kocomo is now a marketplace, pricing varies by provider and property. Current listings on the Kocomo marketplace span a wide range depending on the provider, destination, and fraction size, from under $200,000 to well over $1 million per share. With Kocomo's evolution into a marketplace, financing availability depends on the individual provider offering the listing. Not all providers on the Kocomo marketplace offer integrated financing, so buyers should confirm financing options directly with each provider. Yes, Kocomo was founded by experienced proptech entrepreneurs, raised $56 million in equity and debt financing from US, European, and Latin American investors, and has a track record in the Mexico co-ownership space. Its current marketplace model lists properties from vetted co-ownership providers globally. As with any real estate purchase, buyers should review the ownership structure, legal entity, management terms, and exit options for any specific property before purchasing. Ancana is a Mexico City-based co-ownership platform that helps buyers purchase luxury vacation homes through fractional shares, typically 1/8, 1/4, or 1/12 of a given property. Each home is furnished, professionally managed, and held through a property-specific entity — either a Trust (fideicomiso) or an LLC — so co-owners hold genuine real estate title rather than a right-to-use arrangement. Ancana's portfolio is concentrated in Mexican destinations, with select US expansion into Vail, Colorado. Ancana serves 13+ destinations, with a focus on Mexico's most sought-after second-home markets: Los Cabos, Riviera Maya, Valle de Bravo, Puerto Escondido, Todos Santos, Puerto Vallarta, San Miguel de Allende, and Tulum. Its one US market is Vail, Colorado. Ancana share prices range from approximately $30,000 to over $2.5 million USD, depending on the home, destination, and fraction size. Co-owners also pay a proportional share of monthly running costs including taxes, insurance, utilities, HOA fees, and property management. Ancana uses an annual rotation-based scheduling system. Each year, co-owners rank their preferred weeks during a dedicated booking window. The system assigns weeks starting with the owner holding selection order #1, with the order rotating each year so every co-owner gets priority over time. Ancana homes can have up to 12 co-owners depending on the fraction size sold. Pacaso is a technology-enabled co-ownership marketplace that allows buyers to purchase a share (1/8 to 1/2) of a For buyers specifically interested in Mexico, Pacaso's primary market is Compared to Ancana's rotation-based scheduling, The table below compares key features across all three co-ownership models based on publicly available information. The right platform depends on what matters most to you as a buyer. If your priority is Historically, obtaining financing for a fractional real estate interest in Mexico has been difficult for US buyers; this partnership directly addresses that gap. Kocomo pioneered a similar MoXi partnership when it was a direct provider, but with its transition to a marketplace, financing availability now depends on the individual third-party provider. If your priority is destination variety within Mexico, Ancana offers the widest coverage, with 13+ Mexican markets spanning both coasts and interior cultural destinations. Ancana is the stronger choice for buyers who want access to lesser-visited spots like Puerto Escondido, Valle de Bravo, or Todos Santos that aren't available through Pacaso's current Mexico portfolio. Ancana's rental policy is also more flexible — owners can rent out unused weeks, which Pacaso does not permit. If your priority is scheduling flexibility and global market breadth, If you're still researching the co-ownership category broadly and want to compare multiple providers in one place, the Kocomo marketplace is a useful starting point. It aggregates listings from Ancana and numerous other providers across Europe, Latin America, and beyond, along with educational guides explaining how co-ownership works. It's worth understanding Kocomo's trajectory when evaluating it as an option. Kocomo launched in 2021 as a direct competitor to Pacaso in the Mexico luxury co-ownership space, raised $56 million, and acquired properties in Los Cabos, Punta Mita, and Tulum. In late 2023, it transitioned into a marketplace and education hub, no longer acquiring or managing properties directly.  This means Kocomo co-ownership today is not the same product as Kocomo co-ownership in 2021 or 2022. Buyers who encountered Kocomo through early press coverage or LLM-cited information should verify the current model before assuming a direct co-ownership product is still available under the Kocomo brand. Pacaso's approach to Through a property-specific LLC, Pacaso gives buyers genuine real estate ownership in a curated luxury home in some of the world’s most sought-after destinations, without the financial commitment of full ownership. Explore Pacaso's

For those who want the privacy and permanence of Four Seasons Private Residences represent the gold standard of branded luxury real estate. But they're not the only path to high-end vacation home ownership. This guide compares Four Seasons Private Residences with Four Seasons Private Residences are fully owned luxury homes that sit within, or adjacent to,  Four Seasons resort properties worldwide. Unlike a hotel stay, buyers purchase and hold title to these homes outright. They come with access to the resort's full amenities and a dedicated team of on-site staff operating to Four Seasons' world-renowned hospitality standards. Owners hold a traditional deed to their property, much like any other piece of real estate. Four Seasons manages the day-to-day operations of the building and provides concierge, housekeeping, and amenity access. Owners can use the home year-round with no scheduling limitations and may have the option to place the property in a rental program when not in use. Pricing varies significantly by location and size, but here's a general range based on publicly available U.S. listings: Financing is rarely available for these properties, meaning most buyers purchase with cash or private financing arrangements. Annual fees for maintenance, services, and amenities add ongoing costs on top of the purchase price. If you're evaluating Four Seasons Private Residences, you're likely also weighing other options in the luxury second home ownership space. Here's how the major Four Seasons competitors and ownership alternatives stack up: Across all of these options, the key question is the same: how much do you want to spend, how often will you use the home, and how important is building a real estate asset over time? The answer will point you toward the right ownership model. Pacaso and Four Seasons Private Residences both offer luxury second homes in premier destinations, but they approach ownership very differently. Here's a side-by-side comparison: Four Seasons Private Residences operate in 60+ markets spanning the Americas, Europe, the Middle East, Africa, and Asia. Pacaso currently offers homes in 40+ markets, with a focus on the most sought-after second home destinations in the U.S., Mexico, and Europe, such as This is where the two models diverge most significantly. Four Seasons Private Residences require full purchase of the home, typically starting at $2 million and often exceeding $10 million for larger or more premium properties. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a Four Seasons Private Residences are designed to feel like an extension of the resort, with on-call staff, resort amenities, and the full Four Seasons hospitality experience at your doorstep. Pacaso homes are private, fully furnished luxury residences in premier destinations, managed by a dedicated Home Manager who handles everything from cleaning to maintenance. The experience is more intimate and residential, while Four Seasons leans into the resort atmosphere. Full ownership with Four Seasons means unrestricted access — owners can stay as long as they want, whenever they want. Pacaso's co-ownership model distributes access proportionally using One of Pacaso's most meaningful advantages over Four Seasons Private Residences and most other Four Seasons competitors is built-in financing. Both Pacaso and Four Seasons Private Residences give you real estate equity, but the structure of that ownership, and what it costs to get there, are very different. Here's how the two models compare across the factors that matter most to luxury second home buyers: For buyers who visit their vacation home a few weeks to a few months per year, co-ownership almost always delivers more value per dollar spent, with the same real estate upside but sharing costs with fellow co-owners. Choosing between Pacaso and Four Seasons Private Residences ultimately comes down to lifestyle, budget, and how you plan to use the property. For luxury buyers who want the privacy and permanence of a home — without the full price tag of Four Seasons Private Residences — Here's what makes Pacaso stand out as a Four Seasons alternative: Pacaso makes luxury second home ownership simple and accessible, combining effortless luxury with the long-term value of real estate ownership. If you've been priced out of full ownership but want something more permanent than a vacation rental,

MYNE is a Berlin-based, managed co-ownership platform that allows two to eight buyers to jointly own a premium holiday home in Europe. The platform describes itself as "the smartest way to your own dream holiday home" and positions co-ownership as a more accessible alternative to buying a whole property outright. MYNE handles property sourcing, legal structuring, furnishing, management, and scheduling, so co-owners simply arrive and enjoy their stays. MYNE sells ownership in 1/8 increments, with each share granting at least 6.5 weeks of use per year. Shares are priced from approximately €120,000 to €1 million depending on the property. Each co-owner holds a real legal stake in the property, recorded in the relevant country's land and commercial registers. MYNE launched in Germany in 2021, expanded across Europe, and most recently entered the UK market in 2025. The platform now covers more than 25 destinations across nine countries, including Spain, Austria, Italy, Portugal, France, Croatia, Sweden, Germany, and the UK. Yes. MYNE launched its UK operations in 2025, making it available to British buyers for the first time. The expansion was driven in part by post-Brexit complexity: buying holiday property in European countries has become more difficult for UK citizens since 2020, with some countries restricting ownership in popular resort areas for non-EU nationals entirely. MYNE positions its platform as a legal, compliance-managed route back into European holiday home ownership for British buyers. MYNE offers English-speaking support teams and guides UK buyers through local regulations, tax implications, and property management for each European country in its portfolio. Shares in MYNE UK properties start from £99,000. That said, MYNE's UK presence is still in its early stages. Pacaso, by contrast, has been active in international co-ownership markets including Europe for several years and offers a well-established model for UK buyers who want to Both platforms offer Pacaso holds each home in a For UK buyers, Pacaso's team provides local expertise to navigate any country-specific legal and tax requirements, including MYNE structures ownership as a managed co-ownership share deal, with each co-owner's stake recorded in the commercial and land registers of the country where the property is located. This confirms real property ownership under local law.  MYNE also manages all legal and tax setup on behalf of buyers, including compliance with local regulations in each European country. For UK buyers purchasing European properties through MYNE post-Brexit, MYNE's team handles the additional regulatory complexity that British nationals now face in certain European markets. Both platforms allocate roughly the same amount of annual use for a 1/8 share. For buyers who want more time in their home, Pacaso's flexibility stands out: it offers share sizes from 1/8 up to 1/2, meaning a buyer who purchases a 1/4 share gets roughly double the amount of time in the same property. Pacaso uses MYNE's app-based reservation system takes a different approach, pairing co-owners with compatible usage preferences at the point of purchase to reduce scheduling conflicts. The system applies transparent rules to high-demand periods like school holidays, which is particularly relevant for UK buyers whose holiday windows are often tied to school terms. MYNE also offers a Holiday Exchange program that lets co-owners swap their allocated time for stays at other MYNE properties across Europe. The two platforms occupy broadly similar price ranges at the entry level, but differ in how pricing scales at the top end and in how buyers can finance their purchase. MYNE 1/8 shares start from £99,000 in the UK market and from approximately €120,000 across its European portfolio, rising to around €1 million for premium properties. The share price includes purchase costs and furnishings. Ongoing co-owner costs cover management fees, maintenance, utilities, and cleaning, shared proportionally among all owners. Pacaso 1/8 shares typically start from around $200,000 and can reach $2 million or more for top-tier luxury homes. Because Pacaso offers share sizes from 1/8 to 1/2, a buyer with a larger budget who wants more time in a single home has options that MYNE's fixed 1/8 structure does not provide. The biggest pricing-related differentiator for UK buyers is financing. Both platforms support resale of co-ownership shares, but the mechanics differ in ways that matter for long-term planning. With Pacaso, owners set their own asking price and can list their share for resale at any time. MYNE supports resale after a 12-month minimum holding period and maintains a waiting list of interested buyers to help facilitate transactions. MYNE's involvement in the resale process reduces the administrative burden for sellers, but the 12-month lock-in is worth factoring into plans for buyers who may need early liquidity. For UK buyers, geography is often the most important decision factor. MYNE is exclusively focused on Europe, with more than 25 destinations across Germany, Austria, Spain, Italy, Portugal, Croatia, France, Sweden, and the UK. Popular locations include Mallorca, the Austrian Alps and Kitzbühel, Tuscany, the Algarve, the French Riviera, the German North Sea and Baltic coasts, and Croatia.  MYNE's portfolio is well-matched to UK buyers who dream of a European holiday home — the destinations are familiar, the travel times are short, and the platform is specifically designed to help British buyers navigate post-Brexit ownership restrictions. The honest answer is that it depends on what you are looking for. Here is a practical breakdown. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a Explore what makes

Exclusive Resorts is a private, members-only luxury vacation club founded in 2002. Members pay to access a curated portfolio of luxury residences and concierge travel services rather than owning real estate themselves. According to Exclusive Resorts, the club provides access to 400+ residences across 75-100+ destinations worldwide, ranging from city apartments in Paris, London, New York, and Miami to villas and chalets in destinations like Aspen, Cabo, Tuscany, and Courchevel. In December 2025, Exclusive Investments LLC, the parent company of Exclusive Resorts, announced an agreement to acquire Inspirato. The company is consolidating its position in the luxury travel club category under a new umbrella called “The Exclusive Collective”, which spans Exclusive Resorts, Inspirato, and onefinestay. This is worth noting for anyone weighing club options, since competitive dynamics in the category are changing. Members purchase a multi-year membership and then pay annual dues based on how many nights they expect to travel each year, measured in "Plan Days." Trips can be booked through a Travel Ambassador, the member app, or the club's Travel Desk, with reservations available up to two years in advance depending on tier. Members also have a dedicated Vacation Ambassador, and on-site concierge support is provided during each stay. Plan Days are flexible: a single member can string them together for a longer stay or spread them across multiple shorter trips throughout the year. Memberships are structured as long-term commitments (10-Year, 10-Year Plus, and 30-Year), and members do not receive an equity stake in any individual home. Per Exclusive Resorts' published 2026 information, membership pricing breaks down roughly as follows: Note that membership fees are largely non-recoverable. Exclusive Resorts has shifted to non-refundable membership plans in recent years, so the initiation fee should be viewed as the cost of access, not as a deposit on an asset. Because the LLC owns real estate, each share represents a real equity interest in the property. Owners can sell their share, and the share has the potential to appreciate (or depreciate) along with the underlying home's value. Pacaso handles ongoing Dive deeper into this comprehensive guide on how Pacaso share prices vary by home and share size. A 1/8 share in a luxury Pacaso home typically ranges from roughly $200,000 to $2 million, depending on the market and the underlying home value. Owners also share ongoing expenses (property taxes, insurance, utilities, maintenance, and a Pacaso management fee), divided proportionally by share size. Two financial points stand out relative to Exclusive Resorts. First, financing is available: The following table summarizes how the two models compare across the categories most buyers care about. Figures reflect publicly available 2026 information; verify the latest pricing and terms directly with each company before deciding. The simplest way to think about it: a vacation club sells access, co-ownership sells ownership. With Exclusive Resorts, you are paying for the right to use the club's homes for a set number of nights over a defined membership period. When the membership ends, you walk away with the experiences but no real estate asset. The model is closer to a long-term, prepaid luxury travel subscription than to ownership. With Pacaso, you purchase a share (1/8 to 1/2) of a specific luxury second home through a property-specific LLC, giving you a true real estate asset. The share is yours until you decide to sell or transfer it like other real estate interests. Instead of unpacking into a different residence each trip, you return to the same home, with your belongings waiting on-site and a home manager handling the upkeep between visits.  When you do want a change of scenery, If you want a more in-depth breakdown of these models, Pacaso's Exclusive Resorts lists 400+ residences across 75-100+ destinations as of 2026, and the club expands its portfolio each year. Pacaso focuses on Exclusive Resorts members access a wider portfolio of residences. Pacaso owners hold a share in one specific home and use Swap is what makes Pacaso's smaller footprint comparable to a larger club portfolio in practice. Owners can list their home's available dates and exchange them for time at any other Pacaso home, from a Paris apartment to a Cabo villa to an Aspen ski home, without buying a second share or paying a per-night fee.  The two models reach destination variety differently: Exclusive Resorts builds variety into the membership itself, and Pacaso builds it through a network of owners who voluntarily trade time at the homes they actually own. Exclusive Resorts uses a concierge-driven booking experience. Members work with a Vacation Ambassador, use the Travel Desk, or book through the app, and can reserve trips up to two years in advance based on membership tier. The trade-off for that high-touch service is that you are coordinating against the broader membership base for popular dates. Pacaso uses Exclusive Resorts (or a similar luxury vacation club) is likely the better fit if you want to travel to many different places each year, you value a concierge-driven booking and on-site service experience, and you are comfortable treating the initiation fee as a sunk cost in exchange for flexibility and variety. It is also a reasonable fit if you specifically want to avoid the responsibilities of owning real estate, even at a co-ownership level. Pacaso is the stronger fit if you want your spend to build real estate equity rather than fund a membership. It suits buyers who value a familiar home base, the option to finance up to 70% LTV, and the ability to resell their share when ready. The share structure (1/8 to 1/2) also lets you right-size your ownership based on how much you actually plan to use the home. Families especially gravitate to Pacaso for the consistency of returning to the same place year after year, with belongings already on-site. Buyers who are still comparing models more broadly may want to read a comparison breakdown of It depends on what you are buying. If your goal is curated, varied travel with a strong concierge layer, Exclusive Resorts can absolutely be worth it. The club has a long track record, a deep residence portfolio, and a service model that many members rate highly. For someone who travels frequently to many different places and does not want to own a second home, paying for access can be a clean, predictable way to do it. If your goal is to put a significant amount of money toward a luxury second home, build equity, and have the optionality of reselling later, Pacaso is the stronger structural fit. The initiation fee for an Exclusive Resorts membership is a comparable amount as a 1/8 Pacaso share in some markets, but the Exclusive Resorts fee buys access for a defined term, while the Pacaso share buys a deeded interest in real estate. Those are very different financial outcomes, even before factoring in annual dues vs. ongoing shared ownership costs.

Inspirato is a luxury vacation club founded in 2010 that gives members access to a curated portfolio of managed vacation homes, hotel and resort partners, and guided travel experiences across more than 100 destinations worldwide. Rather than owning a property, members pay ongoing fees for the right to book stays within the Inspirato collection. Inspirato currently offers two primary membership options: Both tiers include Inspirato's signature services: personal vacation advisors, on-site concierge support, and pre-trip planning. What neither tier provides, however, is any form of real estate ownership. Members hold a right-to-use license, not a deed or equity stake in any property. Pacaso is a luxury second home co-ownership platform that allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a Unlike a vacation club membership, a Pacaso share is real property. Every home is A dedicated Home Manager handles everything before, during, and after every stay, from cleaning and maintenance to personalized touches that make each visit feel like it was prepared just for you. Owners can also finance their purchase, benefit from potential appreciation, and resell their share through And here is where Pacaso has a decisive edge over any vacation club: the Learn more about Cost structure is one of the starkest differences in a co-ownership vs. Inspirato comparison.  Here is a side-by-side look at both models: While Inspirato's lower upfront cost may appear more accessible, it is important to note that members do not build any equity and cannot recoup their fees by reselling. With Pacaso, your purchase price goes toward a real asset, one that can appreciate over time and be sold when you are ready to exit. Pacaso also offers Scheduling is another major distinction in any co-ownership vs. vacation club comparison. With Inspirato Club, members book nightly stays on a first-come, first-served basis through the Inspirato app, competing with the entire Inspirato community, which has historically numbered around 15,000 members, for availability. The Pass program allows members to hold two trips simultaneously, with no additional per-night fees, and access to hundreds of homes across Inspirato's portfolio. With Pacaso, scheduling is governed by the Pacaso owners also have access to the This is the most fundamental difference between Pacaso and Inspirato, and the most important consideration for anyone evaluating these as Inspirato alternatives. Inspirato operates on a right-to-use license. Members pay for access, not ownership. When you cancel your membership, you walk away with nothing. There is no equity, no appreciation, and no residual asset value from the fees paid over the years. Pacaso is structured around real estate co-ownership. Each home is held through a For buyers who want a second home that doubles as a long-term asset, co-ownership vs. Inspirato is not a close comparison. To explore how co-ownership works in more detail, see Pacaso's guide to Both Pacaso and Inspirato serve luxury travelers, but they appeal to meaningfully different buyer profiles. For a broader look at how co-ownership compares to vacation clubs and other models like timeshares, see our deep dive on For luxury travelers who want more than just access, Pacaso offers a fundamentally different, and more enduring, value proposition. Here’s what sets it apart as an ideal Inspirato alternative: Ready to explore luxury second homes in your favorite destination? Browse Pacaso's

Vacasa is a full-service vacation rental property management company that markets and operates short-term rental homes on behalf of owners. Vacasa lists each property on Airbnb, Vrbo, Booking.com, and its own site, then handles guest communication, dynamic pricing, cleaning, maintenance coordination, 24/7 guest support, and revenue reporting. Owners receive monthly statements with bookings, fees, and net payouts. How Vacasa works in practice: an owner signs a management agreement (typically multi-year in some markets, with a 90-day notice cancellation policy), Vacasa onboards the home with professional photos and a listing, and the company keeps a percentage of every nightly booking in exchange for running the rental business. One important context point: in late 2024, Casago acquired Vacasa for roughly $128.6 million — a steep drop from Vacasa's former $4.5 billion valuation. Casago is rolling Vacasa onto a local franchise model, so service quality, fee schedules, and onboarding consistency now vary by market. Owners report staff turnover and service gaps during the transition. Airbnb is a peer-to-peer marketplace that connects guests with hosts of short-term rentals. Airbnb does not manage your home. Airbnb provides the listing platform, the search algorithm, the payment rails, the review system, and the customer-facing booking flow — and that's the end of the company's involvement. How Airbnb works for a host: you create a listing, set your own nightly rate (or use Smart Pricing), write the house rules, accept reservations, communicate with guests, coordinate cleaning and turnovers, handle maintenance, deal with damage claims, manage compliance with local short-term rental ordinances, and file the taxes. Airbnb takes a service fee on each booking. Hosts can hire individual co-hosts or a third-party property manager (including Vacasa) to absorb the operational load, but the platform itself does not provide management services. For owners who want the location and lifestyle of a second home without the operational load, For second-home owners weighing Vacasa vs Airbnb, the core differences come down to who runs the business, how much it costs, and how much of your week it eats. The headline question for an owner isn't really Vacasa or Airbnb, it's whether running a rental business is the right way to own a second home in the first place. For many buyers, the answer is no. That's where Vacasa's owner commission is not posted publicly and is negotiated property by property. Based on owner reports and industry analysis: The net-net for owners: on a property grossing $60,000 per year, the difference between a 30 percent Vacasa fee and a 12 percent competitor fee is about $10,800 of annual payout, before factoring in insurance deductions, damage program participation, and other line items. Airbnb charges a service fee on every booking. There are two structures: Airbnb began phasing out the split-fee model on August 25, 2025. Hosts using property management software were automatically migrated to host-only starting October 27, 2025. What the service fee does not cover: cleaning, linens, restocking, lockbox or smart-lock hardware, dynamic pricing software, accounting, damage claims, guest disputes, your time, and your local short-term rental permit. Those are all owner expenses, and they add up. The clearest way to weigh Vacasa vs Airbnb against The takeaway: Vacasa and Airbnb both treat your home as a small business. Pacaso treats your stake as a home, not a rental. If your goal is reliable income or full-service hospitality management, a traditional short-term rental is the better path, assuming your market still issues STR permits, you can absorb the management fees, and you're prepared to run what amounts to a hospitality operation. If the goal is using and owning a luxury second home without the operating business behind it, co-ownership solves the problem at a fraction of the capital outlay. See The hidden cost in the Vacasa vs Airbnb debate is the assumption that owning a second home requires running a small hospitality business. It doesn't. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a What Pacaso handles end-to-end: furnishing and design, property management, housekeeping between stays, maintenance, utilities, insurance, taxes, and HOA coordination. Owners pay predictable monthly dues for their share. The When an owner decides to exit, they can list their share, keeping any appreciation on their share. The home itself remains; only ownership rotates. That's a fundamentally different proposition from selling a Vacasa or Airbnb rental, where the home must be cleared of bookings, prepped for showings, and listed for months on the open market. For owners who want the lifestyle of a second home without becoming an accidental hotelier, Pacaso is the cleanest answer to the Vacasa vs Airbnb question — because it removes the question.

What are short-notice stays? Short-notice stays are bookings made 2 to 30 days before your planned arrival date. If your home has any open dates in that window, you can book them on the spot — no waiting, no coordination with other owners, and no deduction from your advance stay count. The feature was built for real life. Plans don't always come together weeks or months in advance. Sometimes an unexpected day off opens up, a last-minute trip with friends comes together, or you simply feel like spending more time at your home than you originally planned. Short-notice stays make all of that easy. How do short-notice stays work in the Pacaso app? The Pacaso app shows your home's calendar in real time. Any dates that are open and fall within the short-notice window (2 to 30 days from today) will be available to book instantly, the same way you'd book any other stay. Here's how to do it: That's it. No approval process, no waiting for other owners to respond, and no phone call required. Once you confirm, the stay is on your calendar just like any other booking. If you're already mid-stay and want to add nights to your existing reservation, the same process applies. As long as the adjacent dates are open and fall within the short-notice window, you can extend your trip directly in the app. Do short-notice stays count toward my advance stay limit? No. Short-notice stays are completely separate from your advance stay allotment. As a 1/8 share owner, you can hold up to 6 advance stays at a time, bookable up to two years out. Short-notice stays sit outside that system entirely, so booking one doesn't affect how many advance stays you have available. This means short-notice stays are in addition to your regular planned time, not a substitute for it. Can I extend my trip using a short-notice stay? Yes, and this is one of the most popular ways owners use the feature. If you're already staying at your home and there are open nights before or after your existing reservation that fall within the short-notice window, you can add them on at no additional booking cost. This is especially useful when you're not quite ready to leave, or when a travel disruption pushes your schedule. Rather than scrambling to rebook, you can simply check the app and extend if dates are available. Keep in mind the back-to-back stay policy: to ensure all co-owners have access to the home, a gap equal to the length of your previous stay is required before your next separate stay begins. However, extending a current stay is different since you're adding nights to an existing booking rather than scheduling a new one. If your stay is within 48 hours of arrival and you want to adjust dates, your dedicated Pacaso Home Manager can also help. Can I send guests to my home on a short-notice stay? Yes. If you've booked a short-notice stay but can't attend yourself, you can invite registered guests to use the home in your place. This works the same way as any other stay. Guests must be registered in the Pacaso app, and the home will be ready for their arrival just as it would for yours. This makes short-notice stays particularly valuable for owners who want to share the home with family or friends, even when last-minute plans prevent them from being there in person. What's the difference between short-notice stays and advance stays? Here's a quick breakdown of how the two types of stays compare: Both stay types are booked through the Pacaso app and are subject to real-time availability. The key distinction is that advance stays let you plan and secure time well ahead of your trip, while short-notice stays give you flexibility closer to the date. Are short-notice stays truly unlimited? Yes. There is no cap on the number of short-notice stays you can book. As long as dates are open within the short-notice window, any owner can book them, regardless of how many short-notice stays they've already taken that year. That said, availability is first-come, first-served. If another co-owner books a date before you, it's no longer available. The best way to take advantage of the feature is to check the app regularly. Because the calendar updates in real time, open dates become visible as soon as they're released or canceled. What if the home has unsold shares? The short-notice booking window is slightly different for homes that still have unsold shares. For these homes, the window is 2 to 7 days before arrival (rather than the standard 2 to 30 days). This narrower window reflects the fact that the home's calendar is less constrained during the sales process. Once all shares are sold and the home is fully co-owned, the standard 30-day short-notice window applies. What are tips for making the most of short-notice stays? Short-notice stays reward owners who stay in the habit of checking their home's calendar. A few practices that help: How do short-notice stays fit into the Pacaso ownership experience? Short-notice stays are one part of Pacaso's broader SmartStay™ scheduling system, which is designed to make second home ownership feel genuinely effortless. The full system includes: Together, these tools give owners both the ability to plan ahead with confidence and the freedom to act on impulse, which is, as Pacaso CEO Austin Allison puts it, "reflective of how people actually live and travel." Here's what current owners have said about the experience: "I think the ability to look far to the future but also have the flexibility for last-minute stays is really awesome with the app, because it enables you to make the most of the time you have and really enjoy the property." — Dan, Pacaso owner "The app is so ridiculously easy. You can do your scheduling, you can cancel and change — it's really flexible, and if there are extra nights, you can just book it on the spot." — Gayle, Pacaso owner "I think the app is super easy to use, and I can just look and see what's available and we plan our trips around it." — Elizabeth, Pacaso owner If you're considering

Financing a second home is more straightforward than many buyers expect, but it is different from financing a primary residence in important ways. Lenders apply stricter qualification standards, certain loan products are off the table, and how you intend to use the property can change the terms you're offered. This guide covers every major financing option, what lenders are looking for, and how Pacaso's co-ownership model compares to traditional full-ownership financing. Before exploring specific loan types, it helps to understand how lenders evaluate second home borrowers. The baseline requirements are stricter than for a primary residence because lenders view second home loans as higher risk. If a borrower faces financial hardship, they're more likely to prioritize their primary home payment. Here are the key financing requirements for a second home most lenders apply: One important note on classification: calling your property a "vacation home" typically results in more favorable loan terms than calling it an "investment property." The distinction matters to lenders because it signals how you plan to use it. There are several ways to finance a second home, and they're not mutually exclusive. Many buyers combine more than one approach. A conventional loan is the most common path for financing a second home. It's not backed by a government agency, which means it comes with stricter qualification standards than FHA or VA loans, but it's available for second homes, which those government-backed products are not.  Conventional loans are available as fixed-rate mortgages (consistent payment for the life of the loan) or adjustable-rate mortgages (a lower initial rate that adjusts periodically). Fixed-rate loans are better for buyers who want payment predictability; ARMs can work for those who plan to sell or refinance before the adjustment period begins. Minimum down payment is 10%, and lenders typically want a 640+ credit score. Jumbo loans apply when the purchase price exceeds the conforming loan limits set by Fannie Mae and Freddie Mac; in 2026, that's $832,750 in most U.S. markets (up from $806,500 in 2025). Because they're not government-backed, jumbo loans come from private lenders and typically require a 20% to 25% down payment, a credit score of 700 or higher, and strong cash reserves. They're the standard path for financing a luxury second home in markets like Aspen, Napa Valley, or Malibu where property values regularly exceed conforming limits. A HELOC lets you borrow against the equity in your primary residence to help fund a second home purchase. It works like a revolving credit line. You're approved for a maximum amount and can draw from it as needed over a set period, usually five to ten years. Variable interest rates are typical, which means your payment can fluctuate. Most lenders allow you to borrow up to 85% of your home's appraised value minus your existing mortgage balance. You'll generally need a credit score of 650 or higher and a DTI below 43% to 45%.  The key risk: your primary home is the collateral. If you default, it is at risk. That said, for homeowners with substantial equity, a HELOC is often the most cost-effective way to fund a second home down payment without liquidating other assets. A home equity loan is similar to a HELOC but works differently in structure. Rather than a revolving line of credit, you receive a lump sum at a fixed interest rate, repaid in monthly installments over a set term. It's better for buyers who want a predictable repayment schedule and know exactly how much they need. Like a HELOC, your primary home serves as collateral. A cash-out refinance replaces your existing primary mortgage with a new, larger loan. The difference between the two — your equity — is paid out to you in cash, which can then be used toward a second home purchase. This option makes the most sense when current interest rates are at or below what you're already paying on your primary mortgage.  Most lenders require that you retain at least 20% equity in your primary home after the refinance, a credit score of 620 or higher, and a DTI below 45%. Keep in mind that you're extending your payoff timeline on your primary home and increasing total interest paid over the life of the loan. A 1031 exchange allows real estate investors to defer capital gains taxes by rolling proceeds from a sold investment property into a new "like-kind" investment property. This only applies if your second home is classified as an investment property, not a personal-use vacation home.  The rules are strict: you have 45 days to identify a replacement property and 180 days to close. A qualified intermediary must handle the transaction. This is a specialized strategy worth discussing with a tax advisor if you're selling an existing investment property and want to deploy those proceeds into a new one. If you have the liquid assets, paying all cash eliminates the mortgage process entirely and can make your offer more competitive. Pacaso also accepts cryptocurrency through BitPay, allowing eligible buyers to pay for their share with crypto and finance the remainder if they choose. The mechanics are similar, but the requirements are meaningfully stricter at every level. Here's a direct comparison of what changes when you're financing a second home versus a primary residence: Note that FHA and VA loans are for primary residences only and cannot be used to purchase a second home. To read more about how these loans compare, see our guide to There is no single best way to finance a second home. The right answer depends on where your wealth is concentrated. Here's a practical guide by buyer profile: For a detailed breakdown of funding sources by buyer profile, see our full guide to Financing a second home with no money down is difficult under traditional mortgage programs, but there are several approaches that can meaningfully reduce the cash required upfront: For buyers evaluating both paths, here is a side-by-side breakdown of how financing a second home outright compares to financing a Pacaso co-ownership share: Pacaso works with partner banks to offer Whether you're financing a second home through a traditional mortgage or a co-ownership share, the purchase price is only the starting point. Budget for these ongoing costs: With a Pacaso co-ownership share, most of these costs are included in monthly home operating costs and shared pro-rata among all owners, so you're never paying the full cost of a home you only use part of the year. Homes come fully furnished with luxury designer touches, and a dedicated Home Manager coordinates all maintenance and logistics. For buyers who want a luxury second home but aren't ready to absorb 100% of the purchase price and ongoing costs, Pacaso provides a different path. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a For buyers just beginning to explore their options, the

Lake Tahoe is consistently ranked among the top second home markets in the United States,  and for good reason. The lake straddles the California-Nevada border at 6,225 feet elevation, offers 72 miles of shoreline, and draws buyers who want year-round recreation anchored by two distinct peak seasons: world-class skiing in winter and lake access in summer. For buyers weighing whether to purchase, a few fundamentals stand out: The short answer: yes, Lake Tahoe is a strong vacation home market, but buyers who do well are those who understand the specific submarket dynamics, particularly around short-term rental regulations and operating costs, before they buy. More on both below. Ready to explore your options? Start with our guide on There is no single "Lake Tahoe" — the area encompasses several distinct communities across two states, each with its own character, price range, and regulatory environment. The right location depends on how you want to use the home, whether you're focused on ski access or lakefront living, and whether short-term rental income is part of your plan. North Lake Tahoe is anchored by Tahoe City, Kings Beach, Tahoe Vista, and the surrounding unincorporated Placer County communities. The North Shore is prized for its quieter atmosphere, closer proximity to Palisades Tahoe (formerly Squaw Valley) and Alpine Meadows, and direct lake access from towns like Tahoe City, which sits where the Truckee River meets the lake. Median prices in North Lake Tahoe communities are generally in the $900K-$1.3M range for homes suitable as vacation rentals, with luxury lakefront properties commanding significantly more.For families looking for family vacation homes in Lake Tahoe, the North Shore's walkable town centers, calmer lake coves, and access to multiple ski resorts make it a natural fit. South Lake Tahoe is the largest city on the lake, straddling the California-Nevada border at the base of Heavenly Mountain Resort. It offers the most amenities of any Tahoe community, such as restaurants, shopping, casinos on the Nevada side, and direct beach access, and is typically the most affordable major submarket, with median sale prices around $575K-$715K depending on the period. South Lake Tahoe has historically attracted buyers interested in vacation rental income, though its short-term rental regulatory environment has changed significantly in recent years (covered in the next section). For buyers focused on personal use, the South Shore's combination of ski-in/ski-out access at Heavenly, lakefront parks, and walkable amenities makes it one of the most versatile locations on the lake. Incline Village sits on Nevada's North Shore, tucked against the slopes of Mt. Rose and Diamond Peak. It occupies a distinct category among Tahoe communities: luxury mountain estates with true Nevada advantages, including no state income tax. Median home prices in Incline Village remain above $1.5M, with the high-end market staying stable due to constrained supply. For buyers seeking luxury vacation homes in Lake Tahoe, Incline Village's combination of mountain privacy, Nevada tax benefits, and more permissive short-term rental rules makes it worth serious consideration. The Lake Tahoe Shakespeare Festival, mountain biking, and two private beaches exclusive to residents round out the lifestyle. Truckee sits just north of the lake in the Sierra Nevada, roughly 12 miles from North Shore. Its charming Old West downtown, access to seven ski resorts (including Palisades Tahoe), and slightly lower price points than lakefront communities have made it a favorite for buyers who prioritize ski access over direct lake views. Olympic Valley, home to Palisades Tahoe base, is within 30 minutes of Truckee and is widely regarded as one of the best ski destinations in the U.S. Short-term rental (STR) regulations are among the most consequential (and most misunderstood) factors in Tahoe vacation home buying. The rules vary dramatically depending on which jurisdiction your home falls in, and they have changed significantly in recent years. Buying without understanding the STR landscape in your target area is one of the most common and costly mistakes Tahoe buyers make. South Lake Tahoe's STR history is the most turbulent around the lake. The city declined to appeal and passed a new STR ordinance in June 2025, which took effect July 17, 2025, capping STR permits in residential areas at 900 and issuing them on a first-priority basis to previous permittees. As of April 2026, updated amendments replaced the earlier buffer rules with the 900-permit cap system. The bottom line for South Lake Tahoe buyers: STR permitting is now legal citywide but capped, meaning permit availability is not guaranteed. Non-permitted properties in South Lake Tahoe are effectively non-starters for rental income strategies. Placer County, which covers most of North Lake Tahoe including Tahoe City, Kings Beach, and Tahoe Vista, operates under a cap of 3,900 STR permits in unincorporated eastern Placer County. As of early 2025, roughly 500 permits remained available before the cap, though that number changes. The framework is established and broad, covering multiple desirable North Shore communities, making it one of the more reliable STR markets around the lake for buyers who verify permit availability before purchasing. Incline Village operates under Washoe County jurisdiction on the Nevada side. There is no countywide permit cap and no waitlist; owners simply obtain a Washoe County business license and register for Transient Occupancy Tax (TOT) collection. The process typically takes a few weeks. This regulatory flexibility makes Incline Village significantly more accessible for buyers whose ownership plan includes rental income, compared to California-side communities. Truckee operates its own STR permitting program with a cap of 1,255 certificates. As of early 2025, that cap had already been reached, and a waitlist is in effect. Additionally, new owners face a 365-day waiting period after a home sale before they can even apply for an STR permit. STR regulations affect traditional rental investors heavily, but they have almost no impact on co-ownership buyers through Pacaso. Pacaso homes are used exclusively by owners and their guests; they are never rented out. This means Pacaso owners are entirely insulated from the permit caps, lottery systems, and regulatory uncertainty that affect traditional Tahoe vacation rentals. You can own in any of these jurisdictions and focus on enjoying your home without navigating the permit landscape. Tahoe's mountain climate and dual-season demand create an ownership cost structure that is meaningfully different from beach or desert second home markets. Understanding these costs upfront, and planning for them, is essential to getting the full picture of what ownership actually looks like. Lake Tahoe receives an average of 200-plus inches of snow per year. Snow removal is not optional; it's a safety and access requirement. Owners of standalone homes are responsible for their own driveways, walkways, roofs, and decks. Most Tahoe locals recommend setting up a seasonal snow removal contract before the first storm of the year, particularly for out-of-area owners who may not be present during early-season events. Budget for $4,000-$8,000 annually for contracted snow removal services, depending on property size, driveway length, and snow year intensity. Condo and HOA communities often include driveway plowing in monthly dues, but private decks, entry stairs, and unit-specific areas are frequently the owner's responsibility. Properties that are not continuously occupied and heated during winter require winterization to prevent frozen and burst pipes. The process involves draining water systems and adding antifreeze to traps, and typically costs $300-$600 per winterization. For remote owners who aren't present through the coldest months (December through March), proper winterization is non-negotiable. Tahoe homes face extreme temperature variations. Propane or natural gas heating for a 2,000-square-foot home can run $300-$600 per month during peak winter months. Older homes with vaulted ceilings and less efficient windows have significantly higher heating costs. Electricity typically adds another $150-$400 monthly. Semi-annual HVAC servicing runs $150-$300 per visit, with full system replacements costing $3,000-$15,000+ for larger homes. Condos, resort communities, and gated neighborhoods typically carry HOA fees of $4,800-$14,400 annually, covering shared amenities, exterior maintenance, and sometimes snow removal. Standalone homes outside HOAs don't face those dues but absorb the equivalent costs individually. Annual maintenance for vacation homes in Tahoe's harsh climate typically runs 3%-5% of property value. The The full cost of ownership adds up quickly. For buyers who want Tahoe access without absorbing 52 weeks of ownership costs for a fraction of the use, Financing a vacation home in Lake Tahoe follows the same general framework as any second home purchase, but with a few nuances worth knowing. Read our full guide to If you plan to use the property personally (rather than as a pure investment rental), you may qualify for second home mortgage rates, which are typically 0.25-0.5 percentage points higher than primary residence rates. To qualify, lenders generally require that the property be at least 50 miles from your primary home, that you're not renting it out for more than 14 days a year (if you want the favorable tax treatment), and that you intend to occupy it yourself for some portion of the year. Second home mortgages typically require a minimum 10% down payment, with 20% or more being more common in practice for Tahoe's price points. Larger down payments reduce the interest rate and improve approval odds. Our guide to If you plan to rent the property for more than 14 days a year, lenders may classify it as an investment property rather than a second home. Investment property loans typically require 20-25% down and carry higher rates. For buyers in STR-heavy markets like South Lake Tahoe who are depending on rental income to offset carrying costs, this classification is important to understand early in the financing process. For buyers purchasing a Pacaso share, For most people weighing whether to buy a vacation home in Lake Tahoe, the math on full ownership raises a question worth asking honestly: will you actually use it enough to justify the cost? According to Pacaso's own Second Home Sentiment Report, only about 25% of second home owners used their property more than four weeks per year. For a $1.5M Tahoe home carrying $80,000-$100,000 in annual costs, that's a significant expense for limited use, and that's before the management burden of coordinating snow removal, maintenance, and winterization from afar. There are three reasons co-ownership is particularly well-suited to Tahoe specifically: Explore

A second home down payment is more manageable than most buyers expect, as long as the funding source actually fits your financial picture. Most articles on the topic list ten options and leave you to figure out which one applies. This guide does the opposite: it shows you how much you actually need by loan type and price point, then walks through the smartest down payment options for four common buyer profiles. It also shows where co-ownership fits, because for many would-be buyers it solves the down payment problem before you ever fill out a mortgage application. For a conventional loan on a single-family second home, expect to put down at least 10% if your credit, debt-to-income ratio, and cash reserves are strong. In practice, most lenders push that closer to 15% to 20%, and jumbo loans on higher-priced vacation homes typically require 20% to 25% down.  The reason is risk: lenders assume that if a borrower runs into financial trouble, they will keep paying the mortgage on their primary residence before their vacation home, so they offset that risk with a larger second home down payment, a higher credit score floor, and stricter cash reserve requirements. Beyond the down payment itself, you should be ready to document two to six months of cash reserves on top of closing costs, hold a credit score of at least 640 (700+ is ideal), keep your total debt-to-income ratio at or below 43%, and confirm the home meets Fannie Mae and Freddie Mac second home occupancy rules, typically a one-unit, year-round property located at least 50 to 100 miles from your primary residence. Not every loan product is on the table when you are The percentage is only half the picture. The other half is the dollar figure you actually need at the closing table. Here is what a down payment on a vacation home looks like across common second home price points. For most buyers shopping in the $750,000 to $1.5 million range that defines today's second home market, that means $75,000 on the low end and $375,000 on the high end, before closing costs, furnishings, and reserves. The size of that check is exactly why If you’re wondering how to buy a second home with a low down payment, co-ownership rewrites the math because the second home down payment is calculated against the share you actually buy, not the full value of the home. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a For a deeper walk-through of how co-ownership works alongside conventional financing, see Pacaso's The right down payment options for second home purchases depend on where most of your wealth sits today. Four profiles cover the majority of real-world buyers. If your primary residence has appreciated and you have at least 30% to 40% equity, a HELOC or cash-out refinance is usually the cheapest and fastest source of down payment cash. You access the equity without selling, deduct mortgage interest where eligible, and avoid liquidating investments. Pacaso has a focused walk-through on using High earners often run into a timing problem rather than a wealth problem. The best down payment options here are a conventional loan with 10% down (accepting PMI), gift funds from family (documented per Fannie Mae guidelines), seller financing for part of the down payment, or co-ownership, which reduces the cash hurdle by an order of magnitude. If your wealth is concentrated in retirement accounts, taxable brokerage, or your existing home, asset-depletion mortgages and securities-backed lines of credit let you qualify and fund a second home down payment without selling appreciated positions or triggering big tax bills. Co-ownership is also a natural fit at this life stage, since you get the home you want without tying up retirement liquidity in a single illiquid asset. Expect to put at least 10% to 15% down, and budget for closing costs of 2% to 5% on top. If you are unsure whether to go full ownership or test the waters first, co-ownership is the lower-risk on-ramp: a deeded share, fully managed, with a clear resale path. Pacaso's Across the buyer profiles above, six funding sources do most of the work. The smartest choice is the one that fits your balance sheet, not the one with the lowest headline rate. For a side-by-side cost comparison of these paths, the Pacaso shrinks the second home down payment problem in three concrete ways.  The result is a true real estate asset, with a deeded LLC interest, in a luxury market you might otherwise be priced out of. To see what is available in your preferred destination,

Yes, France places no restrictions on foreign ownership of residential real estate. You can buy a Paris apartment, a Provence farmhouse or a Côte d'Azur villa as a non-resident, regardless of whether you hold an EU passport. Americans buying property in France have the same legal rights to purchase, hold, and resell as French nationals. What ownership does The sticker price is only part of the picture. Buying property in France as an overseas buyer typically adds 7% to 8% in closing costs on existing homes, plus agency fees and any financing costs. Here is what to budget for: Once you close, three recurring taxes shape your annual carrying cost. Paid annually by the owner, calculated on the property's cadastral rental value. Paris has historically had one of the lowest taxe foncière rates among major French cities, with a 2026 global rate of roughly 13.5%. For a typical 70 square meter apartment, that translates to approximately €450 per year, although prime properties with higher cadastral values pay more. Taxe d'habitation was abolished on primary residences in 2023, but it still applies to secondary residences. Paris levies a 60% surcharge on the municipal portion of taxe d'habitation for second homes, which is the highest surcharge band allowed under French law. If your French home is a vacation residence and not your declared primary residence, budget accordingly. France's real estate wealth tax. Non-residents are subject to IFI only on French real estate. The threshold to file is €1.3 million of net French real estate assets as of January 1 each year, and the progressive rate scale starts at €800,000. Rates range from 0.5% to 1.5% across brackets. For owners with a single Paris apartment under the threshold, IFI does not apply. For buyers stacking multiple French properties or a single high-value home, it becomes a meaningful annual line item. Non-residents selling French real estate pay capital gains tax on the profit. The headline rates: 19% income tax plus 17.2% social charges, for a combined 36.2% on the gain before relief. France then applies a generous taper relief (abattement pour durée de détention) the longer you hold. Under the Loi de Finances pour 2026, the income tax taper was accelerated. Full exemption from the 19% income tax portion is now reached after 17 years of ownership, down from 22 years. The social charges taper was not changed and still takes 30 years to reach full exemption. In practice, that means holding a French property long enough materially reduces the bite when you sell, but a sale within the first decade carries the full combined rate on most of the gain. EU and EEA nationals who were previously fiscally resident in France can also claim a lifetime €150,000 exemption on the net taxable gain. American sellers do not qualify for that specific allowance, but US-France tax treaty provisions help avoid double taxation on the same gain. A French tax advisor familiar with cross-border treatment is worth the fee. The right region depends on how you actually want to spend time in France. A few of the most-searched destinations among overseas buyers: Among the regions above, Paris stands apart for two reasons: liquidity (resale demand is consistent across cycles) and infrastructure (international flights, English-speaking professionals, robust property management). For overseas buyers asking where to buy property in France when they plan to visit on weekends or holidays rather than relocate, Paris remains the default answer. If you are weighing France against the UK, our guide on Ready to make Paris your second home? The French closing process is notaire-led and more structured than what most American buyers expect. The notaire is a public official who handles the legal transfer and represents the transaction itself, not the buyer or seller specifically. For overseas buyers, the practical friction is rarely the legal mechanics; it is the language, the paperwork volume, the time difference, and managing the home from afar once you own it. If you want the broader playbook beyond France specifically, our in-depth guide on Pacaso markets homes in France as luxury second homes, not investment vehicles. That framing matters: the right reason to buy in France is to actually spend time there, not to optimize a return. That said, the financial picture for a long-hold owner is reasonable. Paris real estate has shown decades of resilience across cycles, supported by limited central inventory, tight new-build supply, and consistent international demand. Taxe foncière is low relative to comparable global cities. Capital gains taper relief rewards long holds. And the dollar-priced fractional model removes some currency risk for US buyers. Where the math gets harder is on shorter holds, ownership of a high-value home that triggers IFI, or a property used too lightly to justify full ownership and management costs. That last point is where fractional ownership genuinely changes the equation. Use this comparison table as a real-world reference for Paris, specifically: The Paris price range above is grounded in two examples of Paris Pacaso homes in the 6th and 7th arrondissements: Most overseas buyers who want a home in France hit the same wall: the dream property in Paris is $5 million or more, sits empty 40 weeks a year, and brings a stack of cross-border management work along with it. Pacaso was built to solve that specific problem. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a You can

Finding the best places to buy a vacation home comes down to matching the location to your lifestyle, hobbies and climate preferences. Consider how you want to spend your free time, who will be traveling with you, and where you can see yourself returning year after year. To help you narrow down the choices, we've organized the top vacation home destinations into four groups: beach destinations, desert and sun destinations, mountain destinations, and international destinations. We've also added California-specific highlights and a full comparison table so you can easily evaluate every market at a glance. Beach destinations consistently rank among the most sought-after markets for second home buyers. Warm weather, outdoor lifestyle and strong rental demand make these locations perennial favorites. Miami is one of the best places to buy a vacation home in Florida because of its unique blend of coastal luxury and urban energy. South Florida has warm weather year-round, headline-making dining and art, and convenient access to Latin America and Europe. The vacation home market here has maintained strong momentum at the top end, reflecting consistent demand from domestic and international buyers. Hilton Head Island is one of the best places to buy a vacation home in South Carolina for buyers who want a mix of active outdoor living and relaxed coastal charm. The area offers warm weather year-round and easy access to world-class golf, nature trails and wide sandy beaches. It's also one of the best East Coast beach towns for buyers seeking solid long-term market growth. Charleston consistently tops lists of the best places to live and visit, and it's equally strong as a second home market. The city's subtropical climate, cobblestone streets and proximity to beaches like Isle of Palms and Sullivan's Island give it year-round appeal. It's a great option for those looking at the best places to buy a vacation home in South Carolina beyond the well-known resort islands. Desert markets offer a distinctive combination of over 300 days of sunshine, world-class golf, and a luxury lifestyle that appeals to buyers escaping cold or grey climates. Scottsdale is a premier destination for those looking at the best places to buy a vacation home in Arizona. Its desert landscape, strict zoning that preserves natural trails and a history of market resilience make it one of the most reliable luxury second home markets in the country.  Mountain towns offer four-season appeal, with skiing in winter and hiking and festivals in summer, and tend to attract buyers who want nature access paired with fine dining and luxury amenities. Aspen balances powder days with gallery nights, a rare combination that keeps real estate demand consistently high. Aspen is one of the best places to buy a vacation home in Colorado for buyers who want both winter skiing and a vibrant summer season.  Vail is one of the best places to buy a vacation home in Colorado for buyers who want a walkable mountain town with a pedestrian street system and resort-level amenities. When the snow melts, the town becomes a standout summer destination with whitewater rafting, farmers markets and outdoor concerts. Jackson Hole sits in one of the most dramatic natural settings in North America, flanked by Grand Teton and Yellowstone National Parks. The combination of world-class skiing, zero state income tax, and a tight inventory of luxury homes gives it consistently strong market fundamentals.  Steamboat Springs offers a more laid-back mountain lifestyle than some of Colorado's higher-profile resorts, while still delivering world-class skiing and year-round outdoor activities. Canoeing on Pearl Lake, soaking in geothermal springs, and access to Routt National Forest make it one of the most well-rounded mountain markets for second home buyers. California offers an extraordinary range of second home markets, from beach cities and wine country to desert retreats and mountain ski towns. Several markets have consistently demonstrated strong buyer demand and home value appreciation. San Diego consistently ranks as one of the best places to buy a vacation home in California because of its remarkably consistent climate and deep lifestyle appeal. The vacation rental market here is strong due to the city's massive draw for domestic and international travelers.  Palm Springs is one of the best places to buy a vacation home in California for buyers drawn to its striking desert scenery, more than 300 days of sunshine and iconic mid-century modern architecture. Cathedral City, just six miles away, is also worth considering for buyers seeking a more affordable entry into the Coachella Valley lifestyle. Truckee and Lake Tahoe to the north provide an entirely different California second home experience, with mountain lodges and year-round outdoor recreation.  Lake Tahoe is consistently one of the most desirable second home markets in California. Truckee, just north of the lake, has an allure of its own: an Old West aesthetic paired with epic ski resorts and proximity to Donner Lake. The area saw an extraordinary demand surge from Bay Area buyers in recent years. For a deeper look at this destination, explore Pacaso's Napa Valley offers a lifestyle centered on culinary excellence, natural beauty, and a quieter pace. The rolling vineyard scenery, Michelin-starred restaurants, and concentration of luxury estates make it one of the best places to buy a vacation home in California for buyers who prioritize food, wine and relaxation over resort activities. For globally mobile buyers, the best places to buy a vacation home internationally are places that deliver culture, connectivity, and everyday ease, along with strong property markets. Here are the top international destinations in Pacaso's portfolio, plus additional global markets worth considering. Paris rewards second home owners with a walkable city, world-class arts and food, and seamless rail and air connections across Europe. It is one of the best places to buy a vacation home in Europe for buyers assembling a global portfolio. London is one of the most globally connected cities in the world, making it an exceptional base for international second home buyers. The diversity of its neighborhoods, from the historic charm of Kensington to the energy of Shoreditch, means buyers can find a setting that matches almost any lifestyle. Tuscany is the quintessential Italian second home destination. Rolling hills, ancient walled towns, Michelin-starred restaurants, and proximity to Florence and Siena create a lifestyle that is hard to replicate anywhere else. It is one of the best places to buy a vacation home in Europe for buyers who want cultural richness paired with natural beauty. Los Cabos is widely considered one of the best places to buy a vacation home in Mexico. Located at the southern tip of Baja California, it combines desert canyons, turquoise water, world-class golf, and a growing luxury real estate market. From mornings on the water to evenings watching the sunset from a private terrace, the lifestyle here is easy to settle into.  Beyond Pacaso's portfolio, several other global markets consistently attract second home buyers: Use this table to quickly compare the top vacation home destinations across climate, price range, who each destination is best for, and Pacaso availability. Price range key: $$ = under $700K median · $$$ = $700K–$1.4M · $$$$ = $1.4M+ No matter which destination appeals to you, four key factors should shape your decision. How long does it take to get to your vacation home? A destination within driving distance encourages more frequent use. If you're flying, direct flights from your home airport significantly improve the ownership experience. Markets like Miami, San Diego, and Palm Springs all have major international airports nearby. For international destinations like Paris and London, consider the availability of nonstop transatlantic routes. Do you want a winter escape, a summer retreat or year-round access? Beach destinations like Miami and San Diego deliver year-round appeal, while mountain markets like Aspen and Vail are especially strong in winter and summer. Desert markets like Scottsdale and Palm Springs are best in winter and spring, with intense summers. European destinations like Paris and Tuscany offer a rich spring and autumn experience. Think about how you want to spend your time at your second home. If skiing and mountain scenery are priorities, Aspen, Vail or Jackson Hole are the right fit. If beaches and outdoor water activities are your focus, Miami, San Diego or Hilton Head deliver. For food, wine and cultural experiences, Napa, Tuscany or Paris offer something few other destinations can match. Review the Consider how often you realistically plan to use the home. If you expect to be there four to twelve weeks a year, whole ownership means paying for 52 weeks of upkeep for a fraction of the use. If you're evaluating the best places to buy a vacation home in the world, there are additional factors to keep in mind: Pacaso is a smarter way to own a luxury vacation home in the destinations that matter most to you. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a Pacaso takes care of everything: With homes across destinations mentioned above, including beach markets in Florida and South Carolina, desert retreats in Arizona and California, mountain towns in Colorado and Wyoming, California wine country, and urban destinations in Europe and Mexico, Pacaso makes it possible to own in the place that fits your lifestyle. Explore

Yes, there are no legal restrictions on foreign nationals buying residential property in the UK. Whether you are an American, a European citizen, or a buyer from anywhere else in the world, you can purchase a freehold or leasehold property in England, Scotland, Wales, or Northern Ireland without any ownership cap or special government approval. Foreign buyers can also apply for UK mortgages, though lender requirements vary and can be stricter than for UK residents. Visa status, residency duration, and the length of time you have held a UK bank account can all affect your mortgage eligibility. Hiring a UK-based solicitor is strongly recommended; they handle the legal and conveyancing process and ensure all documentation complies with UK regulations. SDLT is calculated in progressive bands where you pay each rate only on the portion of the price within that band. How much you pay depends on three things: the purchase price, whether the property is your only home or an additional property, and whether you are a UK or non-UK resident. If the property you are buying is not your only home, whether it is a holiday home, a buy-to-let, a pied-à-terre, or a second residence in town, you trigger the Higher Rates for Additional Dwellings (HRAD). This means you pay standard SDLT plus a 5% surcharge on the entire purchase price, applied from the first pound. The surcharge took effect at 5% on 31 October 2024, up from the previous 3% rate. It applies even if the other property you own is located overseas. Since April 2021, buyers who do not meet UK tax residency requirements pay an additional 2% surcharge on top of all other applicable SDLT rates. For SDLT purposes, you are considered a UK resident only if you were physically present in the UK for at least 183 days in the 12-month period ending on your completion date. This is purely a physical presence test, separate from income tax residency rules. For overseas buyers purchasing a second home or holiday property in England or Northern Ireland, the 5% additional dwellings surcharge and the 2% non-resident surcharge stack on top of standard rates for a combined 7% surcharge above standard SDLT. If any one buyer in a joint purchase is non-UK resident, the surcharge applies to the entire transaction. Note: Scotland uses Land and Buildings Transaction Tax (LBTT), and Wales uses Land Transaction Tax (LTT). Both have their own rate structures and additional dwelling surcharges. Consult a local solicitor if you are buying in either country. SDLT is the most significant tax at purchase, but overseas buyers should also be aware of the following ongoing and exit taxes. Yes, foreign nationals can obtain UK mortgages, though the process is more demanding than for UK residents. Here is what to expect: Pacaso provides an alternative financing pathway for buyers who want co-ownership in the UK. Pacaso partners with banks and acts as a corporate guarantor, helping buyers qualify for financing of up to 70% of the property's share value, meaning you put down just 30% and finance the rest. This can be significantly more accessible than going through the standard UK mortgage application process as a foreign national. For buyers specifically looking for a luxury second home in London, Pacaso has curated a portfolio of fully managed co-ownership properties in central London neighborhoods including Mayfair, Belgravia, and Chelsea. View current The UK property market offers a range of home types, each with different ownership structures and price points. The UK buying process differs significantly from what American and international buyers may be used to. Here is a step-by-step overview. The entire process from offer acceptance to completion typically takes two to four months, though it can take longer for complex transactions or in slow markets. You will need proof of identity, proof of address, bank statements, proof of income, and any relevant visa or residency documentation ready throughout. When you co-own a Pacaso home, we are your trusted advisor throughout the buying process, helping you skip the mountain of preparation needed to buy property in the UK. Our local expertise and resources, combined with our innovative co-ownership model, make it easier to afford, buy and manage your home abroad. For overseas buyers who want the lifestyle of a UK second home without the full weight of sole ownership, Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a property-specific LLC, giving them a true real estate asset. Each home is professionally designed, fully furnished, and managed end-to-end, so you never have to coordinate maintenance, cleaning, utilities, or vendor relationships from across the Atlantic or wherever you are based. The financial case is compelling, particularly for buyers looking at the luxury end of the UK market. Here is how co-ownership addresses the key challenges outlined in this guide. Pacaso's London portfolio includes properties in Mayfair, Belgravia, and Chelsea, among the most sought-after addresses in the world for international buyers. To explore available co-ownership homes, visit

Whether you’re planning a hiking trip through the Rockies, a ski resort adventure in Switzerland or island hopping in the Caribbean, you’ll need to prepare for how much it will cost you. If you expect your old vacation budget to go as far as it did in past years, you may be in for a surprise. According to Daily average cost of a vacation per person The daily cost of a vacation varies widely depending on your travel style and destination. A budget trip in the U.S. costs around $121 per day, a mid-range trip averages $325 per day, and a luxury trip can reach $925 per day.  Compare the breakdown of typical daily spending (excluding long-distance airfare) for each travel style below: Additional vacation cost: Airfare Airfare is typically the single largest one-time expense of any trip. The average domestic flight in the United States costs Cost of travel by group size The cost of a vacation heavily depends on how many people are traveling. While solo travelers cover all expenses themselves, couples and families can split certain costs — like lodging and rental cars — to lower the per-person price.  That said, larger groups also come with additional expenses like extra flights, bigger accommodations and more meals. Below is a breakdown of what to expect by group size for a one-week domestic trip. Average couple's vacation cost Traveling as a couple offers some of the best per-person value of any group size. The average vacation cost for two people is $3,982-$4,550 per week, double the solo rate, since couples share lodging, but each still pays for their own flights, food and activities.  Where couples save the most is on accommodations. A double-occupancy hotel room or vacation rental, divided two ways, immediately cuts the single biggest daily expense in half.   Average family vacation cost A family of four spends an average of $7,964 on a one-week domestic vacation. International travel raises that figure substantially — a mid-range For families, the vacation tax often comes from convenience — eating out because there’s no kitchen, or booking two hotel rooms to get enough space. This is where co-ownership in Co-ownership directly addresses these family travel hurdles. By owning a 1/8 share of a luxury home, families secure the space and kitchen use they need without the recurring convenience fees of hotels. It transforms the way families budget for travel, trading high-cost rentals for the predictable expenses of a permanent, shared second home. Key vacation cost drivers No two vacations cost the same, and the gap between a budget trip and a luxury one can mean thousands of dollars. Understanding what moves the needle on trip expenses is the first step toward building a realistic budget.  The main factors that shape how much your vacation costs are: 8 tips for budgeting on vacation A good vacation budget is less about spending less and more about spending smarter. Apply these tips while planning your next trip: Get ahead of average vacation costs with a second home in your favorite destination Instead of giving in to rising vacation costs, consider the long-term benefits of vacation home Pacaso’s

Owning a second home in the UK  comes with an upfront tax cost that’s easy to underestimate. On a £300,000 property, for example, you could pay thousands more in stamp duty on second home purchases compared to a primary residence.  If you’re planning to buy a vacation home, that added cost can quickly shape your overall budget. So, what exactly is this tax?  Stamp duty on second homes is a UK-specific tax applied when you buy an additional property. With rate changes introduced in October 2024, here’s everything you need to know about how stamp duty works. What is the stamp duty? Stamp Duty Land Tax (SDLT) — formally known as the Higher Rates on Additional Dwellings surcharge — is a tax you pay when buying property in England and Northern Ireland. It’s not the general transfer tax you might see in other countries, which is why it’s important to understand how it works if you’re exploring If you’re planning to Note that SDLT doesn’t apply everywhere in the UK. Scotland uses Land and Buildings Transaction Tax (LBTT), while Wales has Land Transaction Tax (LTT). These systems are similar in structure but have different thresholds and rates, so the amount you pay can vary depending on where you buy. This can feel similar to transfer taxes in other countries, but they operate under different rules. For second homes, an additional charge applies. Known as the Higher Rates on Additional Dwellings (HRAD), this surcharge was introduced in 2016 to help cool investor demand and support first-time buyers. It applies to properties like buy-to-let investments, vacation homes and even some inherited properties that aren’t used as your main residence.  Importantly, this surcharge is added to the standard SDLT rates (not instead of them), which is why the total stamp duty on second home purchases is significantly higher. Current stamp duty rates for second homes Starting October 31, 2024, the Higher Rates on Additional Dwellings (HRAD) surcharge is 5%, applied on top of standard SDLT rates. That means the total stamp duty on second home purchases is calculated using combined rates — and importantly, those rates apply across each price band, not as a flat fee. Prior to 2024, the surcharge was previously 3%, so today’s rates can add thousands to your upfront costs. Compared to other real estate transfer tax systems globally, the UK’s structure can feel more layered due to this additional surcharge. Like standard SDLT, the tiered rate structure is banded. You only pay each rate on the portion of the property price within that band, not on the full purchase price. The example calculations below show how quickly costs can rise as property values increase:  Example 1: £250,000 second home Example 2: £500,000 second home Understanding, in real terms, how much stamp duty is payable on a second home can help you plan more confidently. It may even lead you to explore how to avoid tax on second home purchases through legitimate reliefs or timing strategies. How rates differ across the UK Stamp Duty Land Tax (SDLT) only applies in England and Northern Ireland. If you’re purchasing elsewhere in the UK, you’ll be dealing with different systems. If you’re This variation is one reason the broader UK stamp duty landscape can feel complex at first. While the structure is similar — tiered rates based on property value — the exact thresholds and percentages differ. For simplicity, the rest of this guide focuses on England and Northern Ireland unless stated otherwise, so you can clearly understand how stamp duty applies in those markets. How to calculate your stamp duty bill Working out your total can feel complicated at first, but once you understand the steps, it becomes much more manageable.  If you’re exploring 4. One of the most common mistakes is assuming the surcharge only applies above a certain threshold. In reality, it applies from £0, which is why this step matters.  If you don't want to run this calculation yourself, you can use Stamp duty for UK residents buying property abroad Owning property outside the UK can still impact what you pay at home. If you already have a home abroad, buying in England or Northern Ireland may trigger higher stamp duty on second home rates, even if it’s your first UK purchase. If you’re buying an international home, keep in mind you may face taxes both abroad and in the UK. A knowledgeable tax advisor or conveyancer can help you plan ahead and avoid unexpected costs. Additional stamp duty for non-UK residents If you’re not a UK resident for tax purposes, you may pay an extra 2% on top of existing rates — bringing total stamp duty to as much as 19%, depending on the price. Keep in mind that residency rules are specific: it’s not about citizenship, but whether you’ve spent at least 183 days in the UK over the past 12 months. If you’re splitting time between countries or planning a move, it’s worth confirming your status early, as it can impact your overall tax bill. How a stamp duty on second homes applies to Pacaso’s co-ownership model With Pacaso's If any buyer in the group already owns another property, higher stamp duty rates for second homes may apply to the full purchase price. Even so, sharing ownership can reduce the overall cost by spreading it across multiple owners.  Confidently purchase a second home in the UK with help from Pacaso Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a property-specific LLC, giving them a true real estate asset for a fraction of the cost. New to the model? Our explainer on On top of the lower stamp duty bill, Pacaso UK ownership also includes: Ready to see what your real cost of ownership looks like? Browse our By understanding how stamp duty on second home purchases works, you can better plan your budget and avoid surprises along the way. Explore what's possible with Pacaso and browse available homes in London to see how co-ownership can help you enjoy a second home — without the commitment of going all in alone.

What is a workcation? A workcation sits squarely between a full vacation and your regular workday. Unlike a traditional vacation, where you completely disconnect, a workcation keeps you on the clock. Unlike a regular workday, your surroundings are anything but ordinary. The concept is simple: you relocate your work setup to a more desirable location for a period of time, typically a week or more, and enjoy the lifestyle benefits of that destination during your evenings and free time. You still answer emails, hit deadlines, and join meetings. You just do it with better scenery. A few things that set a workcation apart from similar concepts: Is the workcation trend here to stay? The workcation trend has moved well beyond a pandemic-era novelty. Remote work became a permanent fixture for a large portion of the workforce, and the flexibility it provides has fundamentally changed how people approach travel. An estimated one in four Americans now works remotely at least part of the time, creating a growing population of professionals who can genuinely choose where they work. Employers allowing workcations have become increasingly common as companies recognize the morale and retention benefits. Rather than risking talent burnout or resignations, many organizations now support temporary remote work from alternate locations, particularly for employees who already work from home. In parallel, a growing number of countries have introduced a What are the benefits of workcations? The benefits of workcations extend beyond simply enjoying a prettier view while working. Research and widespread experience among remote professionals point to several concrete advantages: Which jobs are a good fit for a workcation? Not every role is suited to a workcation. The strongest candidates are people whose work is primarily computer-based and internet-connected. This includes: Professionals in technology, marketing, finance, design, consulting, writing, and other knowledge-worker roles are generally well positioned. The same applies to self-employed individuals, freelancers, and anyone who already works from home regularly. Roles that require frequent in-person interaction with clients or colleagues, hands-on equipment, or physical presence at a specific facility are harder to adapt to a workcation setting. If your job falls in that category, even a short workcation may require creative planning or partial compromise. For hybrid workers, a workcation during a stretch of remote-only weeks is often the easiest option, since no policy change or special approval is required. What are the best workcation destinations? The best workcation destinations share a few core qualities: reliable high-speed internet, a comfortable workspace setup, enough space to separate work and leisure, and compelling things to do once the laptop closes. Here are some of the top options across different vacation styles. Aspen, Colorado Jackson Hole, Wyoming Miami, Florida Sonoma and Napa Valley, California San Diego, California Park City, Utah International workcation destinations For those with the flexibility for an international workcation, a number of cities have risen to the top of global rankings for remote workers. What should you look for in a workcation home? Choosing the right accommodation makes or breaks a workcation. A workcation hotel can work for a few days, but most remote professionals find that purpose-built homes offer a far more productive and comfortable experience for stays of a week or longer. Here's what to prioritize when evaluating any workcation home, whether that's a short-term rental, a workcation Airbnb, or a co-owned second home. Workspace setup A dedicated workspace is the single most important feature to look for. Ideally, this means a separate room with a door, somewhere you can close yourself off from family members or guests and maintain focus during work hours. At minimum, look for a home with a proper desk, an ergonomic chair, and enough desk space to run a full work setup. Workcation Airbnb listings and short-term rentals vary widely in this regard; always check listing photos carefully and ask hosts about their workspace setup before booking. Internet speed and reliability Reliable, fast internet is non-negotiable. Before confirming any workcation accommodation, ask the host or property manager for the actual internet speed (not just "fast WiFi"), and confirm whether the connection is fiber-based or cable. For video-heavy workdays with frequent calls, a minimum of 100 Mbps download and strong upload speeds are the baseline. Some workcation hotel packages and short-term rentals now advertise their speeds upfront, which is a useful signal. Space to separate work and leisure One of the underrated advantages of staying in a full home versus a workcation hotel room is the ability to truly separate your physical work environment from your living and relaxation space. When your desk is in the same room as your bed and couch, the psychological separation between "work time" and "off time" breaks down quickly. A home with at least a dedicated office, guest house, or private den resolves this. Amenities that support recovery The best workcation destinations and homes offer amenities that make after-work time genuinely restorative: a pool, outdoor deck, proximity to hiking or beach access, a quality kitchen for cooking your own meals, and outdoor entertaining space. These features matter more on a workcation than a standard vacation because you're spending more time in and around the home itself. Proximity to essentials Consider the home's distance from a grocery store, coffee shops, and good restaurants. When you're working a full day and don't want to spend your evenings driving long distances, having local amenities within easy reach is a meaningful quality-of-life factor. How do you plan a successful workcation? A workcation without structure can quickly slide into either overworking or underperforming. These steps make the difference between a disjointed experience and a genuinely productive one. 1. Get employer approval in advance Even if you already work remotely, give your manager adequate notice of your travel plans. Be direct about where you'll be, your availability during standard hours, and any time zone considerations. Come prepared with answers to likely objections and reassurance that your core commitments will be met. 2. Set and communicate a clear routine Establish your working hours before you arrive and communicate them to both your team and anyone traveling with you. Resist the temptation to answer messages outside those windows. A clear schedule protects both your work quality and your leisure time. 3. Secure your workspace before you go Confirm the workspace and internet setup at your accommodation before you leave, not after you arrive. A poor desk setup or unreliable internet connection on day one creates unnecessary stress that's difficult to recover from mid-trip. 4. Build in leisure time deliberately Schedule specific after-work activities and local experiences, especially early in the trip when motivation to explore is high. Workcations work best when leisure time feels as planned and purposeful as work time. 5. Separate your physical work and living spaces Keep your work equipment confined to your designated workspace. Don't let your laptop migrate to the couch or the bedroom. Physical separation reinforces the psychological boundary that helps you actually relax when the workday ends. 6. Plan a buffer day at the end Avoid scheduling your return travel or re-entry to the office on the last day of your workcation. A buffer gives you time to decompress and transition back without the whiplash of going from vacation-mode straight back to peak productivity. How does Pacaso co-ownership enable the workcation lifestyle? For professionals who regularly return to the same destination, the workcation math eventually shifts in favor of ownership over renting. Workcation Airbnb rentals, short-term rental platforms, and workcation hotel packages all involve paying premium nightly rates with no equity built and no guarantee that the property will be available when you want it. Pacaso offers a different model. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a For the workcation lifestyle, Pacaso homes have several distinct advantages over the alternatives: Pacaso destinations particularly well-suited to the workcation lifestyle include Aspen, Sonoma, Miami, Park City, San Diego, Jackson Hole, and a growing portfolio of international markets. Explore the full

Dreaming of buying a second home? Despite market shifts, it’s still within reach. Whether you’re seeking a mountain escape, a beach retreat or a cozy getaway, understanding the realities of purchasing a vacation property is key. Buying a second home can feel overwhelming — between higher costs, financing nuances, ongoing upkeep and limited time to enjoy the home. That’s why Let’s start with the seven steps of how to buy a second home: 1. Determining your second home budget involves assessing your current and future finances. Consider income, expenses and additional costs like taxes and maintenance, especially if you will be assuming a second mortgage. A It’s also important to think long-term. Will this home primarily serve as a personal getaway, a future retirement retreat, or a potential investment? Aligning your second home goals with your broader financial plan helps ensure the purchase supports your lifestyle, not strains it. Evaluate financing options and consult a financial advisor for insights into tax implications and investment alignment. This thorough analysis ensures that your second home purchase aligns with your financial goals. Second home expenses In addition to the purchase price, be sure to factor in these expenses when budgeting for a second home: Although second homes come with added expenses, they can also offer tax advantages that help offset costs. As you’re crunching the numbers, remember your second home can also be a source of rental income and tax breaks. Depending on how your second home is classified and used, you may be able to: These are great ways to make owning a second home more feasible. However, 2. Consider your financing options Lenders often see second homes as being at higher risk for loan repayment. For this reason, Here are some things to consider when financing a second home: It’s important to note that Buying a second home doesn’t have to be a solo endeavor. The standard minimum What are the no- and low-down-payment options? VA loans are available to eligible veterans, active-duty service members, surviving spouses, and those receiving VA disability benefits. They offer zero-down financing and are one of the few truly no-money-down paths available. Because VA loans are government-backed, they tend to carry more favorable terms than conventional second home loans. Note that VA loan eligibility for a second home depends on how the property is used and your remaining entitlement. If the seller's existing mortgage is assumable, you may be able to take over their loan terms, including a lower interest rate, without a new down payment. This option is relatively rare but can be a meaningful cost saver in a high-rate environment. If you have equity built up in your primary residence, a home equity loan or For homeowners 62 and older, a reverse mortgage allows you to access existing home equity without monthly mortgage payments. The funds can be directed toward a second home purchase. The loan is repaid when the borrower sells the home, moves out, or passes away. This option comes with high fees and significant complexity; consult a financial advisor before pursuing it. A gift of equity occurs when a family member or close contact sells you a property below market value. If the gift amount equals 20% or more of the property's fair market value, you can avoid a traditional down payment. Tax implications apply, so consult a tax professional before proceeding. A lease-option agreement lets you rent a property with the right to purchase it later. A portion of your rent payments may be credited toward the purchase price, reducing the down payment you need at closing. Negotiate these terms upfront with the help of a real estate attorney. In a seller-financed deal, the seller acts as the lender and you negotiate terms directly, potentially including a reduced or no down payment. Seller financing does not include standard mortgage protections, so the legal safeguards of a traditional loan may not apply. Proceed carefully with legal counsel. Adding a co-borrower who can contribute the down payment is another path. Shared financing reduces the burden on either party, though it also means shared ownership and responsibility. A formal co-ownership agreement is strongly recommended. What are the key considerations before going no-money-down? Reducing or eliminating your down payment does not eliminate costs entirely. Before pursuing a no-down-payment strategy, factor in the following: 3. Compare lenders When comparing second home lenders, it's essential to conduct a thorough evaluation to secure the best financing option tailored to your specific needs. Consider the following factors and use them as a basis for comparison: By comparing these factors among different lenders, you can make an informed decision that aligns with your financial goals and secures the most favorable mortgage terms. 4. Get pre-approved Getting pre-approved for a second home gives you a clear picture of what you can afford and strengthens your position when making an offer. Lenders will review your income, assets and debts to determine an approved loan amount. Consult multiple lenders to compare interest rates and terms. Keep in mind that because lenders may see 5. Find a location and a local agent Once you decide how to use your second home, you can hone in on the best second home locations. Ask yourself: Confirming your reason for owning a second home can help you decide on the perfect destination for your new vacation spot. Choosing the right agent Finding a knowledgeable agent in your target market can significantly decrease your workload in your second home search. You can use their local knowledge to help you with logistics and make an informed decision. Research local agents online, cross-reference reviews and ask for recommendations from your friends and family when possible. 6. Make an offer Buying a second home will be a familiar process if you’re already a homeowner: You make an offer, negotiate, come to an agreement and prepare for closing. Prior to closing, you will: Once your offer is accepted, it’s time to begin the closing process for your new second home. 7. Begin closing After the seller accepts your offer, the second home closing process begins. This process involves several crucial steps: Although closing on your second home may appear overwhelming, a smooth closing is key to turning your house purchase into a dreamy second home getaway.  How do you know if you’re ready for a second home? When considering purchasing a second home, you'll want to evaluate your finances, lifestyle, and market conditions to determine whether it's the right time to purchase — but those factors are just the tip of the iceberg. Here are some of our team's top considerations for those considering a second place of residence. Down payments, interest rates and debt Assess your current financial situation to see if you can comfortably afford a If additional debt strains your financial resources, it may not be quite the Location and lifestyle fit The ideal second home also aligns seamlessly with your lifestyle. Prioritize locations that support your hobbies and desired activities, guaranteeing a frequent and enjoyable retreat. If you like to ski, for example, a Investment or personal escape? When deciding on the main goal for your second home, it's crucial to determine if you're primarily interested in generating rental income, building long-term investment appreciation, or creating a personal retreat. Each of these objectives will significantly affect your approach to buying, managing, financing, and handling taxes for the property. Time investment Owning a second home comes with significant responsibilities. Are you prepared to manage the upkeep of two properties? This includes regular maintenance, potential repairs and the time and financial commitment of traveling between both homes. If not, are you willing and able to hire a property management company or other professionals to handle these tasks?  Remember that delegating these responsibilities will add to the overall cost of owning a second home. Market timing Finally, when looking to take a big step forward in your second home journey, you'll want to look at the home market conditions. Many properties are available in a buyer's market, and buyers have more negotiating power. In a seller's market, high demand and low inventory give sellers the upper hand.  Understanding the current market conditions will help you set realistic expectations, develop an effective negotiation strategy and help you determine if now is the right time to buy.  How do I buy a second home with Pacaso? Now that you know how to buy a second home, it’s time to explore your options. If turnkey luxury and simplicity appeal to you, co-ownership with Pacaso offers a modern alternative to traditional second home ownership. If you’re unfamiliar with Here are 11 steps to follow if you’re wondering how to buy a second home with Pacaso.  1. Find a second home you love From there, you can explore each destination and the homes available within it, picturing what life could look like in every location. Each destination page brings the area to life, showcasing Pacaso homes through rich photography, detailed descriptions, and a true sense of how it feels to live there. Every Pacaso home is hand-selected and 2. Talk to us We’re excited to share all the details about our homes. If you’re not sure which one is best for your needs, we’ll go through each home’s unique attributes and location to help you decide.  You can easily schedule a time to talk with one of our Crew members from any listing details page, or if you have general questions about co-ownership, you’re welcome to get in touch via our 3. Take a tour  Touring is an important step in buying a vacation home. We’ll give you all the information we have about the home, but seeing is believing. While you’re on the call with our Crew member, they can arrange a time for you to tour the home. Buyers can schedule a virtual tour, an in-person tour, or 4. Say yes!       You talked, you toured, you fell in love, and you’ve decided on owning a vacation home! We’ll walk you through the purchase process and paperwork, and our Crew will make sure you understand all the terminology related to co-ownership, such as: We want you to feel confident in the process, so ask as many questions as you’d like. Once you’re ready to proceed, you’ll reserve your share with a 10% deposit. 5. Secure second home financing  If you’re interested in The approval process is straightforward and fast. Once all documents are provided — typically your most recent pay stub, bank statement and tax return — approval takes just a few days. You also have the option to pay all cash or take out a HELOC or personal line of credit through a lender of your choice. 6. Close on your new second home Your journey begins by reserving your share and signing the residential purchase agreement. You’ll submit a deposit equal to 10% of the share price, officially kicking off the closing process.  From there, you’ll receive two sets of documents to review and sign. These include familiar items, such as the inspection report and seller disclosures, as well as Pacaso-specific agreements that outline how the home is managed and owned through our property LLC structure. If you choose to finance a portion of your purchase, our team will work with you to collect the required financial information and keep things moving smoothly. As closing approaches, we’ll schedule a check-in call to review your final closing statement, confirm wire instructions for the remaining funds, and verify that everything is in place, including your first stay date. Once the transaction is complete, congratulations are in order: you’re officially a Pacaso owner. After closing, you’ll transition into onboarding, where you’ll meet your Home Manager, download the Pacaso app, and start booking stays. From there, all that’s left to do is settle in and enjoy your new second home. 7. Get ready for vacation home bliss Congratulations on owning a vacation home with Pacaso! Our commitment to owners doesn’t end at closing. We assign a 8. Book your stays You can begin 9. Experience the ease of fully managed ownership One of the best things about buying a vacation home? It’s all yours! One of the worst things? It’s all your responsibility. The hassles of vacation home ownership can take a lot of joy out of the experience.  Pacaso’s fully managed co-ownership model gives you the benefits of vacation home ownership without all the headaches. We take care of maintenance, repairs and cleaning; manage payments for utilities, insurance and taxes; oversee 10. Flex your ownership muscles Pacaso’s management services are designed to make your ownership experience easier — but that doesn’t mean you don’t have a voice. In fact, you and your property’s co-owners have 100% ownership of the property once all shares are sold, which means your co-ownership group has decision-making authority.   Here’s how this works in practice: Owners can bring major issues about their property to a vote of the co-ownership group, and every share owned holds one vote. A major issue might be a costly property upgrade, like the installation of a hot tub.  To call for a vote, you would get in touch with your home management team. Routine maintenance and necessary repairs (such as replacing a broken dishwasher) are handled by Pacaso and do not require a vote. 11. Feel confident if it’s time to move on We think you’ll love your Pacaso for years to come, but life evolves, and your ownership can evolve with it. If your needs change, you’re free to Why is buying a second home with Pacaso the smart choice? For buyers who want to reduce upfront costs without the complexity of no-down-payment strategies, You can From luxury homes in premier destinations to professional property management, Pacaso provides everything you need to make ownership simpler and more enjoyable. Whether you're just beginning to explore or ready to take the next step,

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

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

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

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

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

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

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

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

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

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

YIMBY stands for “Yes In My Backyard.” The phrase started as a direct counter to NIMBY (“Not In My Backyard”), which describes residents who oppose new housing or development near their homes. So when people ask what YIMBY stands for, the short answer is: it’s a pro-housing identity. People who say “yes in my backyard” believe more homes should be built, closer to jobs and transit, in more shapes and sizes than the postwar single-family default. The YIMBY movement formed in the late 2000s and grew rapidly in the 2010s as housing costs in West Coast cities outpaced wages and the U.S. fell millions of homes short of what its population needed. By 2024, the National Association of Realtors and Zillow estimated a U.S. housing shortage of roughly 4 to 4.5 million homes, and that gap has shaped almost every conversation about YIMBY housing since. Today YIMBY is bigger than a slogan. It’s a coalition of homeowners, renters, labor unions, environmental groups and elected officials who believe the answer to high prices is more homes, not fewer. When people search for “what is YIMBY” or “what is the YIMBY movement”, that is the through-line: YIMBY housing advocates argue that abundant, diverse, well-located homes are better for affordability, climate and community than blocking new construction. Most local housing fights come down to NIMBY vs YIMBY. NIMBY residents tend to support housing in the abstract but oppose specific projects nearby, often citing parking, traffic, neighborhood character or property values. YIMBY residents argue that those concerns, while real, have been used to block so much housing for so long that the cumulative effect is sky-high prices, longer commutes and exclusion of renters and lower-income workers from desirable neighborhoods. A side-by-side helps make the difference concrete: In practice, most communities sit somewhere between the extremes. A NIMBY vs YIMBY conversation is usually about how much new housing, where, and at what scale. The YIMBY movement’s contribution has been to make sure the cost of saying “no” is finally part of the conversation alongside the cost of saying “yes.” Pacaso’s inaugural Y.I.M.B.Y. Report, produced in collaboration with Greater Washington, D.C., which spans parts of Virginia, Maryland and West Virginia, ranked first. More than 70 percent of its high-demand ZIPs met the YIMBY criteria. Arlington County’s missing middle ordinance now allows two- to six-unit buildings on lots once zoned exclusively for single-family homes, and Alexandria, Virginia and Montgomery County, Maryland, have followed with similar density and YIMBY affordable housing plans. Chicago made the list because its high-demand ZIPs correlated strongly with YIMBY housing growth, even though the metro’s overall demand pressure is lower than the coasts. The 2021 update to the city’s Affordable Requirements Ordinance pushed more new construction into mixed-income neighborhoods. Austin stood out for the clear demand we found across all of its ZIPs, almost half of which qualified as YIMBY. In May 2024 the Austin City Council voted to reduce minimum single-family lot sizes and legalize triplexes, townhomes and other missing middle homes citywide. Nearby San Antonio also embraced YIMBY real estate reforms in its highest-demand neighborhoods. Minneapolis became the first major U.S. city to eliminate single-family-only zoning in 2019. Two- to four-unit buildings now make up a growing share of the city’s housing stock, and the policy has been studied closely by other YIMBY organizations as a real-world test case for citywide upzoning. Columbus introduced a plan to reshape the city and allow construction of as many as 88,000 new housing units. The proposal limits car-focused sprawl and simplifies the rules for homeowners and small developers. Nearby Kansas City legalized rental ADUs in 2022, and Salt Lake City joined the YIMBY scale by recognizing that more efficient use of existing homes is part of the supply answer. In 2023, Utah passed a law requiring municipalities and counties to regulate YIMBY Los Angeles is shorthand for the network of advocates pushing California cities to permit more homes near jobs and transit. While Los Angeles itself didn’t crack the top of our YIMBY scale, the state’s package of pro-housing laws (SB 9, SB 10, AB 2097 and others) has reshaped what is possible at the parcel level statewide and changed how YIMBY real estate gets built across Southern California. The fastest-growing area of YIMBY housing policy is statewide preemption: laws that override the most restrictive local rules to make more homes legal by right. The most influential YIMBY legislation in recent years includes: A common question is whether YIMBY policy is the same as YIMBY rent control. It isn’t. Most YIMBY advocates focus on supply (more homes, faster, in more places). Rent control is a separate debate about pricing existing units. Some YIMBY organizations support targeted tenant protections; the movement’s core insight is that without more homes, no policy can keep prices in check for long. Even residents who agree the country needs more homes often have legitimate questions about how new development plays out on their block. The YIMBY movement has spent the last decade gathering data on those concerns. Here is how the most common ones look once you check the evidence. The most common pushback on new housing is parking. The data from cities that have eliminated parking minimums (Buffalo, Minneapolis, San Diego, Anchorage) shows that builders still add parking where the market wants it; they simply right-size it instead of overbuilding. Studies from UCLA’s Institute of Transportation Studies have found that requiring two off-street spaces per unit can add $50,000 or more to the cost of a single home, much of which is passed straight through to buyers. Removing those minimums lowers prices without producing the parking apocalypse opponents predict. In second home destinations, the most common concern is short-term rental impact. Pacaso is structurally different from a A Independent analyses of upzoned neighborhoods, including the University of Minnesota’s tracking of post-2019 Minneapolis data, show that adding gentle density does not depress nearby property values; it increases options for buyers and renters across price points. The YIMBY movement’s answer to neighborhood-disruption fears isn’t to dismiss them; it’s to point at the cities that have actually built more housing and ask what changed.  The YIMBY movement is a network of national, state and local YIMBY organizations rather than a single body. Some of the most active groups include: For day-to-day discussion, most YIMBY forums live online. The That structure is why Pacaso is a member of YIMBY Action and why our 2023 economic impact study found that co-ownership reduces competition for primary housing in the destinations where Pacaso operates. For buyers, Pacaso turns a luxury second home into something accessible. For neighbors, it means a home that’s actually occupied, professionally managed and not turning over every weekend like a short-term rental. For policymakers, it’s a working example that the YIMBY movement isn’t only about new apartments. It’s about making more efficient use of the homes that already exist.  To learn more, explore

The second home real estate market in 2026 is best understood in two tiers: the broader housing market, which has navigated the weight of elevated mortgage rates and affordability constraints, and the luxury second home segment, which continues to demonstrate remarkable strength. At the macro level, the U.S. housing market has been in a period of rebalancing. Median home prices reached a new all-time high of $446,000 in June 2025, with the full-year 2025 average tracking about 1.7% above 2024 levels, according to Redfin data. Active listings surged roughly 33.7% year-over-year in 2025, inventory relief not seen in recent memory, yet overall home sales remained sluggish as affordability kept buyers sidelined. Mortgage rates, while easing modestly after three Fed cuts in 2025, have remained in the mid-to-high 6% range, continuing to constrain primary market demand. The second home housing market tells a different story. Affluent buyers purchasing luxury second homes are less dependent on financing, with close to half of luxury home transactions completed in cash in recent years. This structural insulation means the second home market, especially at the luxury tier, has continued to attract serious buyers even as the primary market cools. According to Pacaso's fourth annual The latest housing market research consistently reinforces that demand for luxury second homes has held firm through rate volatility, economic uncertainty, and shifting work patterns. Pacaso's ongoing analysis of second home mortgage rate lock data, one of the most reliable indicators of second home buying activity, has tracked this resilience across multiple market cycles.  When broader second home mortgage rate lock shares fell below pre-pandemic levels in 2022, Pacaso's research showed the decline was concentrated in the median-to-lower end of the market. Luxury second homes priced above $1 million made up approximately 12% of all second home mortgage rate locks, with median prices holding relatively flat year-over-year even as rates climbed. The Agency's 2025 Red Paper further confirmed the bifurcation: the number of U.S. homes sold for $1 million or more grew 5.2% in the first half of 2024, and median prices for high-end properties climbed 14.2%. This starkly contrasted the broader market, where overall home sales fell 12.9% in the same period. Pacaso's Second Home Attitude Report, a survey of more than 1,000 current and aspiring second homeowners with household incomes of $150,000 or more, also revealed a key motivational insight: affluent consumers increasingly view real estate as a stable asset class.  Research shows that since 1980, real estate has remained more stable than typical stock market indexes during periods of economic uncertainty, which continues to drive high-net-worth buyers toward the The luxury market's steady momentum is further supported by a two-year inventory high, which is giving buyers more choice and negotiating power. Globally, the luxury real estate category is projected to grow at a 6.9% CAGR through 2035, with North America accounting for approximately 30% of market share. For affluent investors seeking leading second-home markets with strong ROI, Pacaso's annual market reports have consistently surfaced a combination of legacy destinations and emerging hotspots. Legacy second home markets with enduring appeal Cape May County, New Jersey claimed the top spot in Pacaso's 2024 Top Vacation Home Markets Report, with second homes making up more than 150% of the ratio of second to primary homes. Average vacation home prices remain above $1 million, reflecting Cape May's status as a premier East Coast coastal destination with timeless demand. Newport County, Rhode Island demonstrated extraordinary transaction momentum, recording a 64% surge in second home transactions in 2023, the largest year-over-year increase among all tracked markets. Fairfield County, Connecticut and Westchester County, New York also ranked in the top tier as metro-adjacent markets appealing to New York City buyers seeking accessible escapes. Beaufort and Charleston counties in South Carolina continue to attract affluent second-home buyers with their coastal charm and Southern appeal. Pacaso CEO, Austin Allison, has cited Hilton Head and Kiawah Island specifically as first-mover East Coast markets where co-ownership demand has been especially strong. Emerging second home markets with appreciation potential Several markets have broken out as new leaders for appreciation-focused buyers: The destination dupe trend Pacaso's market analysis has also identified a growing "destination dupe" trend among second home buyers: the search for more affordable markets that offer comparable amenities, outdoor access, and quality of life to well-known high-priced destinations.  Examples include Bald Head Island, NC (as an alternative to Kiawah Island, SC), Mt. Rose, NV (as a substitute for Lake Tahoe ski resorts), and Golden, CO (as an alternative to the higher-priced Colorado mountain towns). This trend reflects buyers getting more sophisticated about where to find top second-home markets with strong ROI. The Scottsdale second home market has emerged as one of the most closely watched luxury real estate stories in recent years. According to local market data, luxury home sales priced above $1 million surged 57.7% in early 2025 compared to the same period in 2024. Even more striking, ultra-luxury properties priced above $5 million saw a 157% increase in closed sales, a sign that Scottsdale is attracting a concentration of ultra-high-net-worth capital. A key driver is that second home buyers are keeping Scottsdale's market prices stable even as some segments of the broader Phoenix metro have softened. According to market practitioners cited by KeyCrew, out-of-state affluent buyers purchasing second homes have provided critical price support, with second home purchases rather than local primary residence demand functioning as the primary market driver. Scottsdale's appeal for second home buyers is deeply rooted in lifestyle: Premium neighborhoods commanding the most second home buyer interest include Silverleaf at DC Ranch, Troon North, and Estancia, master-planned communities with private golf clubs, spa facilities, and resort-style living. For buyers seeking a lock-and-leave lifestyle, luxury condos near Old Town Scottsdale offer sophisticated urban living with immediate access to fine dining, designer shopping, and cultural venues. Market observers expect Scottsdale second home prices to remain supported by ongoing migration of high-income households, strong stock market performance, and the sustained appeal of lifestyle-driven purchases. Explore Several structural shifts are redefining how affluent buyers think about and approach the second home real estate market today. Demand resilience through rate cycles One of the most important findings from Pacaso's housing market research is that luxury second home demand has consistently proven resistant to interest rate headwinds. Because more than half of second home buyers at the luxury tier pay entirely in cash, mortgage rate fluctuations have a far smaller impact on this segment than on primary residence purchases.  While the total share of second home mortgage rate locks fell during periods of rate increases, transaction activity and appreciation for luxury homes priced above $700,000 to $1 million remained strong, a pattern that held through the rate spikes of 2022 and 2023 and has continued since. The local and metro-adjacent destination shift As premier destinations like Malibu, Aspen, and Lake Tahoe have seen accelerated price appreciation in recent years, second home buyers have increasingly pivoted to more accessible local and metro-adjacent destinations.  Buyers are seeking locations where they can get more for their money without compromising on quality of home or nearby attractions, a shift reflected in the strong performance of markets like Coeur d'Alene, ID; Williamson County, TN; and Cape Cod, MA. Resort areas within easy driving distance of major cities, like Lake Geneva, WI (between Milwaukee and Chicago) or Westchester County, NY, have emerged as key beneficiaries of this trend. Hybrid work as a lasting demand driver Flexible and remote work arrangements have permanently expanded the appeal of second home ownership. The ability to work from anywhere has made a second home far more than a weekend escape. It has become a viable base for extended stays, a meaningful alternative to hotel and vacation rental costs, and a lifestyle asset with year-round utility. This shift has been most pronounced in markets offering both natural beauty and reliable connectivity. Lifestyle-first buying criteria Today's second home buyers are increasingly prioritizing lifestyle attributes over traditional real estate metrics. According to agent insights and market research, buyers are asking about golf course views, lake access, resort community amenities, and proximity to outdoor recreation rather than just square footage or bedroom count. Properties within master-planned communities offering clubhouses, beach clubs, on-site dining, and activities accessible by golf cart are commanding premium prices and selling faster. Sustainable luxury A growing subset of luxury second home buyers is prioritizing eco-conscious features. Solar panels, energy-efficient appliances, water-efficient systems, and smart home automation are increasingly considered standard requirements in high-end second homes. Markets with natural beauty, whether desert, mountain, or coastal settings, are seeing buyers willing to pay a premium for homes that align with an environmentally conscious lifestyle. Co-ownership as a mainstream access model Perhaps the most significant structural trend in the second home real estate market is the rapid normalization of Buyers increasingly recognize the logic of right-sizing their ownership share, purchasing what they will actually use at a fraction of the full cost and without the management burden of sole ownership. Learn more about Multiple authoritative sources provide useful context for understanding where the second home market stands and where it is heading. Redfin's 2025 Housing Market Year in Review found that overall home sales remained below pre-pandemic levels, with 30% of homes purchased entirely in cash, down slightly from 31% in 2024 but still well above pre-pandemic norms. Luxury buyers remained far more likely to pay in cash, which has given them an outsized advantage in a high-rate environment. J.P. Morgan Global Research projects U.S. house prices to stall near 0% growth in 2026, reflecting a market that has largely worked through its pandemic-era surge but faces ongoing affordability headwinds. For luxury second homes, this stabilization is more opportunity than threat. With inventory at a two-year high, buyers have more selection and negotiating power than at any point since 2020. The Dallas Fed's real-time house price model showed signs of stabilization beginning in May 2025, with the trend turning less negative even after a modest first-quarter dip. The consensus view is that any correction will be shallow rather than steep, a pause in momentum rather than a significant decline. Cotality data showed that investor activity, which overlaps significantly with second home purchases, remained strong through 2025, running well above pre-pandemic norms even as overall market activity cooled. The luxury segment has benefited from the wealth effect of strong equity market performance, boosting the net worth and purchasing confidence of high-net-worth households. Pacaso's own rate lock data continues to show that second home demand is concentrated in the top-of-market price tier, with buyers in the $700,000+ range driving the most active segments of the second home housing market. The outlook for the second home market in 2026 is cautiously optimistic. Mortgage rates are expected to ease gradually, with J.P. Morgan projecting continued improvement if the Fed continues to cut rates. Home purchase applications have been rising, and growing inventory is translating into more transactions. While the overall housing market recovery will be gradual and regionally dependent, the luxury second home segment is positioned to remain one of the most resilient categories in real estate. Key dynamics shaping the second home market in 2026: Whether you are tracking second home market trends as an investor, a first-time second home buyer, or someone who has always dreamed of a vacation home but found the full cost prohibitive, the data points in a clear direction: the top of the luxury market continues to outperform, and smart ownership structures are making that tier more accessible than ever. Pacaso is the technology-enabled marketplace that makes luxury second home co-ownership simple, transparent, and professionally managed. Instead of purchasing an entire vacation home and bearing all costs, responsibilities, and underutilization alone, Pacaso buyers purchase a hare (1/8 to 1/2) of a fully designed, furnished, and managed luxury property, giving them true real estate ownership in some of the country's most sought-after markets. Pacaso homes have appreciated in value on average, often outperforming traditional luxury homes in their local markets. With a Today, Pacaso operates in more than 40 top second home destinations across the U.S. and internationally, from Scottsdale and Palm Springs to Paris and Cabo San Lucas. Ready to explore what is available?

You keep coming back to the same streets in Paris, the same corner pub in Mayfair, the same market in Lisbon, and the thought surfaces again: what would it take to actually own a place there? Buying a second home in Europe used to mean navigating a foreign legal system, a foreign tax code, and a long list of local vendors on your own. It does not have to. This guide walks through the best places to look, what to expect as an international buyer, and how Pacaso's cross-border co-ownership in Europe gives you a real home abroad with local experts doing the heavy lifting. Europe is one of the rare places where short trips start feeling too short. A long weekend in Paris or London stretches a few days and you are already thinking about when you can come back. A second home turns that pattern into something you actually live, rather than rebook every year. Beyond the lifestyle, owning in Europe gives you a home base for the wider region. From Paris you can reach Amsterdam, Barcelona, or the Alps within a few hours. From London, the Cotswolds, Edinburgh, and Dublin are all a short hop. One home becomes a doorway to dozens of future trips with family and friends. Europe also has deep real estate markets in its most loved cities, with centuries of demand behind them. Central Paris and central London have been desirable for generations, which is part of why they remain the go-to answer for buyers searching for the best places to buy a second home in Europe. The right European city depends on how you want to spend time there: long weekends, multi-week stays, holiday seasons, or a bit of everything. A few cities Paris is the classic choice: world-class food, art, and fashion inside a city you can cross on foot. Neighborhoods like London is an English-speaking launchpad into the rest of Europe. Mayfair, Chelsea, and Knightsbridge remain anchor neighborhoods for buyers who want Georgian and Victorian townhouse living steps from parks, restaurants, and theater. It is also a natural pick if you travel on business and want a home that doubles as your European base. Lisbon, Barcelona, Florence, Milan, and Amsterdam all earn regular spots on best-of lists. Each one trades sunshine, cost, and cultural flavor differently. The common thread: pick a city you already love visiting, then decide whether you want a full-time solo purchase or a share in a home that is already set up for co-ownership. There is no single best European country to buy a second home. The honest answer is that the best country for you is the one that matches how you want to spend time, what you are comfortable managing from overseas, and which rules you are willing to work inside. A quick side-by-side helps. Pacaso is a luxury second home company that offers fully managed co-ownership of real homes in real cities. You purchase at least one 1/8 share in a property-specific LLC (or the local equivalent structure), share costs with other owners, and For international homes, Pacaso layers local expertise on top of that model. Practically, that means: You keep the lifestyle of a second home in Europe. Pacaso quietly absorbs the cross-border complexity in the background. Pacaso's European portfolio is a curated collection of homes in Pacaso's Pacaso's Pacaso's Expect local transfer taxes, notary or solicitor fees, and often a foreign-buyer premium on top of the purchase price. In France, notaire fees typically run a few percent of the price. In the United Kingdom, Utilities, property management, insurance, local taxes, and maintenance are real line items whether you own a whole home or a share. With co-ownership, each owner pays their portion, and Pacaso handles the vendors and billing. Budgets are transparent and require owner approval, so there are no surprises. Buying a second home in Europe does not automatically confer residency, and it does not require it either. You own a home, you visit it, and you follow local stay limits and tax rules. Some countries offer residency pathways tied to real estate that change over time. Your Pacaso Crewmembers can flag what is currently available so you can plan with your own tax professional. Owning abroad on your own means managing a purchase in another language, another currency, and another legal system, then maintaining a home you only visit part of the year. Pacaso was built to take that weight off. Through Pacaso's cross-border co-ownership in Europe, you share ownership of a designed, What you get: a curated home in a neighborhood you actually want to live in, If you are ready to look at specific homes, you can

They don't make headlines. They're not on Forbes lists. But according to a new This group isn't defined by fame. It's defined by asset wealth: stock portfolios, private business stakes, and real estate that have compounded quietly for 30+ years. And the way they approach second home luxury is increasingly reshaping what ownership looks like, not through flashy purchases, but through smart, values-aligned co-ownership. At Pacaso, this is our buyer. And the data has never been clearer about just how many of them there are. According to Federal Reserve data analyzed by Princeton economist Owen Zidar, there are approximately 430,000 U.S. households worth $30 million or more. Within that, roughly 74,000 households have crossed the $100 million threshold. This group has grown faster than the general population over the past few decades, and recent stock market gains suggest the numbers are even higher today. These aren't tech billionaires or celebrity executives. Many live outside major coastal cities and built wealth through car dealerships, regional businesses, and long-term investment portfolios. They are distributed, diverse, and largely overlooked by luxury brands that only targeted the ultra-famous top. The growth isn't coming from salaries. It's coming from assets. For the top 0.1% of U.S. households, nearly 72% of their wealth is held in corporate equities, mutual fund shares, and private businesses, according to the Federal Reserve. The S&P 500 has more than tripled over the past decade. Private business valuations have risen in tandem. And for Baby Boomers, who make up roughly two-thirds of $30M+ households, decades of homeownership and equity accumulation have produced a generational wealth surge that shows no signs of slowing. The WSJ describes this as "get rich quick(er)" but really it's the compounding payoff of long-term asset ownership. These households didn't win the lottery. They built something The same instincts that made the quiet rich successful in business, smart capital allocation, avoiding waste, and optimizing for return, apply directly to how they think about real estate. Traditional luxury second home ownership means paying 100% of the cost for a property you may use 4 to 6 weeks a year. It means property management headaches, carrying costs, and capital tied up in a single illiquid asset. For someone whose wealth is built on intelligent asset allocation, that math doesn't add up. The WSJ points directly to this shift: co-ownership models, specifically citing NetJets in private aviation, are seeing surging demand from the multimillionaire class even as the overall market is flat. The behavior is the same in real estate. Ownership, yes. But smart ownership. Pacaso is the NetJets of luxury real estate. We offer the same core value proposition that has made co-ownership a defining feature of how the quiet rich live: premium access, without the premium burden. With Pacaso, buyers own a real deeded share of a vacation home co-ownership property, For buyers with significant assets, the second home co-ownership benefits are clear: it is simply the smarter way to own. Brands and services targeting the "merely well-off" are facing headwinds. Demand is concentrating at the very top. Hermès, Ferrari, and Brunello Cucinelli are posting record numbers. High-end travel is booming. Shared aviation is up markedly. Second home luxury is following the same curve. The most expensive homes have seen accelerating demand since the pandemic, and that demand is coming from exactly this buyer profile: asset-wealthy, experience-driven, and looking for vacation home co-ownership solutions that match how they think. Pacaso homes are positioned squarely in this tailwind. Our portfolio spans the There's no compromise on quality. Every Pacaso home is The quiet rich aren't waiting. If you're ready to make your second home work as hard as the wealth behind it,

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

With warm weather, ocean breezes and an impossibly beautiful coastline, it’s hard to go wrong with a trip to Cabo San Lucas. But with sunshine seemingly year-round, determining the best time to visit Cabo depends on what kind of experience you crave. Here’s our breakdown of the best time to travel to Cabo based on the seasons, costs, avoiding tourists and more.  What are the best months to visit Cabo? While Cabo enjoys a warm, tropical climate year-round, certain months offer more ideal weather conditions. Here’s the best time to visit Cabo San Lucas based on weather preferences:  Cabo in December through April  This period is considered the peak season in Cabo due to consistently dry, sunny weather and comfortable temperatures. The ocean is typically calm, making it great for swimming, snorkeling and diving. While you may encounter larger crowds and higher prices during this time, the stunning weather and vibrant atmosphere make it well worth it. For those looking for a unique experience, Cabo in May and June  May and June mark the transition from the dry season to the rainy season. While temperatures remain warm, humidity starts to rise. This period offers a more relaxed atmosphere with fewer crowds and lower prices. It's a great time to experience local culture, indulge in outdoor activities and enjoy the lush greenery. Cabo in July through September July, August and September are the hottest and most humid months in Cabo. While the region technically enters its "rainy season" during this window, Cabo's desert climate means rain is still rare. The area averages only about three rainy days per month at peak, and showers are typically brief.  While hurricanes are rare, tropical storms can bring heavy rainfall and strong winds. That said, the off-peak season also offers a more tranquil experience with fewer crowds. Cabo in October and November  October and November are shoulder months in Cabo, with a mix of good weather and great deals. While the weather can be hot and humid, the ocean remains calm, and the crowds are significantly smaller compared to the peak season. This period is ideal if you want a balance between affordability and pleasant weather. What does Cabo weather look like month by month? Planning around Cabo’s weather is easier with the full picture. The driest stretch runs from November through May, while August and September see the most rain days on average.  What is the best time to avoid tourists in Cabo? If you want to escape the crowds, the best time to go to Cabo is during the shoulder seasons. While you may encounter some crowds, especially during weekends and holidays, the overall atmosphere is significantly more relaxed than in the peak season. What are some key events in Cabo to plan around? Cabo hosts a variety of exciting events packed with Make Cabo your second home with Pacaso Once you know Cabo's seasons, the next step is making sure you can actually take advantage of them. A Pacaso vacation home in Los Cabos means you have a luxury second home here year-round, with no peak-season rates and no rental booking to manage. Just a home that's yours, professionally managed and ready when you are. 

Home to centuries of culture and a wide range of distinct neighborhoods, London offers a way of living you won't find replicated anywhere else. Whether you're searching for a permanent base, a vacation home, or a co-ownership stake in one of the world's most celebrated cities, this guide covers the best places to live in London across every part of the capital — organized by area, with insider tips drawn from London locals. Chelsea is one of the most desirable One of the best ways to explore Chelsea is by foot. Grab a coffee and wander the streets lined with colorful buildings and preserved mews. Stop into For dining, Mayfair sits at the very heart of London's luxury scene. Its Georgian townhouses, tree-lined streets, and world-class dining make it one of the most prestigious addresses in the city. Shop the high-end boutiques on Start your morning at Later, unwind at the Tucked between Buckingham Palace and the River Thames, Belgravia is one of London's most refined and exclusive neighborhoods. Its Regency-style stucco facades, private garden squares, and whisper-quiet streets give it a more intimate feel than its flashier neighbors. It's an ideal base for those who want prestige and proximity to Hyde Park and Sloane Square without the bustle of Knightsbridge or the West End. Start your morning with a stroll through Belgrave Square Garden, a manicured private garden that offers a moment of calm from the city's energy. Visit For dining, Kensington is quintessentially London — royal history, world-class museums, and elegant Victorian architecture all within walking distance of each other. Marylebone occupies a sweet spot between Regent's Park and Oxford Street, with a village-like atmosphere that feels worlds away from the bustle just outside its borders. Georgian architecture lines the streets, and Marylebone High Street delivers some of London's best independent boutiques and restaurants. The world-renowned Notting Hill's pastel-colored townhouses, lively markets, and creative energy have made it one of the most beloved neighborhoods in West London. Begin your morning at Camden is one of the best places to live in north London for those drawn to music, markets, and an energetic street scene. Famous markets including Shoreditch is one of the best places to live in east London for those who thrive in a creative, fast-paced environment. Once a working-class district, it's now a global hub for tech, fashion, and street art. Colorful murals line the walls of Brick Lane, and venues like Hackney is one of east London's most vibrant boroughs, known for its multicultural community and thriving independent scene. It has evolved from its working-class origins into a destination for young professionals, families, and creatives. Enjoy live music at London Fields is an East London neighborhood with a relaxed, community-focused energy. Once a working-class area, it now draws a mix of young professionals, artists, and families who appreciate its independent cafes, the year-round heated Clapham is one of the best places to live in south west London for young professionals and families alike. Bermondsey is one of south London's most compelling neighborhoods, transformed from an industrial leather-tanning district into a food, arts, and culture destination. Greenwich is one of the best places to live in south east London, defined by its extraordinary maritime heritage and sweeping green spaces. The Wandsworth is a multicultural south west London neighborhood with deep historical roots dating to Anglo-Saxon times. It blends urban energy with green space, from riverside walks along the Thames to Battersea Park, and it consistently ranks as one of the lowest-council-taxed boroughs in London. Its proximity to both Clapham and Chelsea gives residents easy access to two of the city's best dining and nightlife scenes. Wimbledon is famous as the home of the world's oldest tennis tournament, but it's the everyday quality of life that makes it one of the best places to live in Greater London. The neighborhood has a village-like feel centered on Wimbledon Village, with independent shops, pubs, and cafes. London is one of the most sought-after second home destinations in the world for good reason. Its culture, global connectivity, and long-term property market resilience make it an exceptional base for international owners. Here's what to know before buying. There are no legal restrictions preventing non-residents or foreign nationals from buying property in London. The UK remains one of the more accessible international property markets. That said, overseas buyers should plan for two additional costs: a 2% Stamp Duty Land Tax surcharge for non-UK residents, on top of the standard second home surcharge. For a full breakdown of the buying process, read our guide to Second home buyers in the UK face a 5% SDLT surcharge on top of standard rates, and non-resident buyers face an additional 2% on top of that. On a £1 million London property, these surcharges can add tens of thousands to the total cost. For a detailed breakdown, see our guide to For a second home, Mayfair, Chelsea, and Belgravia are the most established prime London postcodes, offering long-term capital resilience and unmatched prestige. Notting Hill and Kensington are strong alternatives for buyers who want character alongside luxury. Shoreditch and Hackney attract buyers seeking capital growth in inner east London. For a full breakdown of the most exclusive areas, see our guide to the Pacaso's model is particularly well-suited to London because it handles the complexities that can make Pacaso currently offers co-ownership homes in London's most exclusive postcodes:

Can Americans buy property in Mexico? Yes, Americans and other foreign nationals can legally buy property in Mexico — no residency or citizenship is required. However, the rules differ depending on where the property is located. Outside restricted zones (areas more than 50 kilometers from any coastline and more than 100 kilometers from an international border), Americans can purchase property directly and hold the title in their own name, just as Mexican nationals do. This includes major cities like Mexico City, Guadalajara, and San Miguel de Allende. Within restricted zones — which cover most of Mexico's popular coastal destinations, including Los Cabos, Puerto Vallarta, Playa del Carmen, Tulum, and Cancún — foreigners must use a legal structure called a A One important note: a significant portion of Mexico's land is classified as Where are the best places to buy property in Mexico? Mexico offers a wide variety of real estate markets, from beachfront luxury to colonial charm. The right location depends on your lifestyle, how often you plan to visit, and what kind of experience you're looking for. Located at the southern tip of the Baja California Peninsula, Los Cabos is one of the most sought-after destinations for American buyers. The region combines desert landscapes, championship golf courses, world-class dining, and some of the most dramatic coastline in Mexico. Los Cabos real estate appeals to buyers looking for a luxury second home close to the U.S., with direct flights from most major West Coast cities. The market here is mature, with strong international demand and reliable rental activity from American tourists throughout the year. Pacaso offers a curated portfolio of Puerto Vallarta sits on the Bay of Banderas along Mexico's Pacific Coast and is known for its cobblestone streets, colonial architecture, golden-sand beaches, and vibrant expat community. It's a strong market for buyers looking for a mix of authentic Mexican culture and modern amenities. The airport has seen significant recent expansion, increasing access and long-term property value prospects. The Riviera Maya is Mexico's Caribbean coastline, running south of Cancún through Playa del Carmen, Akumal, and Tulum. This corridor leads American buyer activity in terms of volume and is known for strong rental yields, robust tourism infrastructure, and a growing expat community. Playa del Carmen offers urban convenience near the beach, while Tulum draws buyers seeking a more boutique, design-forward aesthetic. Located in the highlands of Guanajuato, San Miguel de Allende is a UNESCO World Heritage city known for its colonial architecture, thriving arts scene, and large North American expat population. Properties here fall outside the restricted zone, meaning Americans can hold direct title. It's an excellent option for buyers who want a second home rooted in culture rather than beachfront access. Mexico City is one of the largest and most dynamic cities in the world. Its neighborhoods — particularly Roma, Condesa, and Polanco — attract buyers looking for urban luxury, walkable living, and cultural immersion. The city is outside the restricted zone, and the market has seen consistent annual price growth in prime areas. How do you buy property in Mexico? Buying property in Mexico as an American follows a clear process. Here are the key steps to understand before you get started. Whether you're looking to Once you've found the right property, your agent will help you draft a formal offer letter outlining the purchase price, terms, and conditions. Be prepared to include an earnest money deposit as a sign of your intent to purchase. The seller may counter your offer, so be ready for negotiation until both parties reach an agreement. Once purchase price and terms are agreed upon, both parties formalize the sale with an official sales contract. This document outlines the purchase price, closing date, financing terms, and any contingencies. Have a real estate attorney review the contract carefully to ensure your legal rights are protected. Note that all legal documents in Mexico must be drafted and signed in Spanish — English contracts are not legally binding, though they may be used for reference. After signing the sales contract, you'll typically pay an earnest money deposit of around 10% of the purchase price. This deposit is held in escrow by a neutral third party and applied toward your down payment at closing. If you fail to complete the purchase, you may forfeit the deposit. If the property is located within 50 kilometers of the coast or 100 kilometers of a U.S. border, you'll need to establish a Foreign buyers purchasing in restricted zones must also submit documentation to the Ministry of Foreign Affairs as part of the Before closing, have a Mexican attorney review the property title, conduct a valuation, and confirm that all legal documents are in order. Due diligence protects you against issues like unclear ownership, unpaid taxes, or boundary disputes. Once all parties are satisfied, documents can be notarized. Once due diligence is complete, you'll sign the After closing, expect to pay property registration fees, stamp duty, and other applicable Mexican taxes. Budget for these in advance. If you're purchasing a The final step is registering ownership in your name at the local land registry office. Secure a certified copy of the property title for your records — you'll need this documentation if you ever sell. What are the taxes and fees involved in buying property in Mexico? Closing costs in Mexico differ from those in the U.S. and can add meaningfully to the total purchase price. The table below outlines typical costs to budget for: Beyond closing costs, buyers should budget for ongoing maintenance, property management, homeowners insurance, HOA fees (if applicable), and utilities. Currency fluctuations between the U.S. dollar and Mexican peso can also affect your long-term cost picture. In practice, most Mexican coastal properties are priced in U.S. dollars, which offers some currency stability on the purchase side — while ongoing operational expenses paid in pesos tend to remain relatively low. Ask your real estate agent for a detailed breakdown of the estimated costs specific to your property and location. Consult a tax professional to understand your obligations both in Mexico and in the United States. Is buying property in Mexico a good investment? For many buyers, purchasing a home in Mexico is less about investment returns and more about gaining a second home — a place to escape, recharge, and enjoy a different way of life. That said, Mexico's real estate market has historically performed well in popular coastal markets, and there are legitimate financial benefits worth knowing. Strong rental demand in destinations like Los Cabos, Puerto Vallarta, and the Riviera Maya means that owners who rent their homes when not in use can generate meaningful income to offset ownership costs. Popular beachfront areas have seen occupancy rates of 70% or higher during peak seasons. Long-term appreciation in prime coastal markets has been driven by sustained international demand, limited inventory, and ongoing tourism infrastructure investment. Many markets have shown consistent price growth year over year. Diversification is another factor some buyers weigh: owning property in Mexico provides exposure to a market outside the U.S., and since most coastal properties are priced in USD, buyers benefit from dollar-denominated assets while operational expenses in pesos remain relatively low. That said, Mexico real estate is not without risk. Market values can fluctuate, legal complexities require professional guidance, and properties in certain areas may be harder to finance or resell. Buyers who treat their Mexican home as a lifestyle asset — rather than a speculative investment — tend to find the most satisfaction in their purchase. What are the pros and cons of buying property in Mexico? What challenges should buyers be aware of? Every step of the Mexican real estate process — from the A meaningful portion of Mexico's land, particularly in coastal areas and near popular tourist destinations, is classified as Title issues are more common in Mexico than in the U.S., and can include unclear ownership, unpaid taxes, or boundary disputes. Thorough title review and due diligence are non-negotiable. Partnering with an experienced local team significantly reduces this risk. The Mexican real estate market, particularly in high-demand coastal areas, has seen a rise in fraud targeting foreign buyers. Common scams include fraudulent notaries, fake listings with cloned legitimate properties, and inflated investment return promises. Always verify credentials, conduct independent research, and avoid rushing any part of the process. If you plan to finance your purchase through a Mexican bank, expect stricter lending criteria, potentially higher interest rates, and lower loan-to-value ratios than you may be used to in the U.S. Many foreign buyers secure financing from their home country or work with developers offering in-house financing options. How does Pacaso make buying a second home in Mexico easier? For buyers who want to enjoy a luxury second home in Mexico without the full complexity of a solo international purchase, co-ownership through Pacaso is worth exploring. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a property-specific LLC, giving them a true real estate asset for a fraction of the cost. Each home is professionally designed, fully furnished, and managed end-to-end — so you never have to worry about maintenance, cleaning, utilities, or vendor coordination. Unlike a timeshare, Pacaso co-ownership is true real estate ownership. Owners hold deeded interest in the property, share costs proportionally with up to seven other co-owners, and can sell their share after 12 months. Pacaso also handles all of the legal and logistical complexity involved in an international purchase, including due diligence, title review, and compliance with Mexican property laws — so you can Whether you're drawn to a beachfront villa in Los Cabos or a sun-soaked retreat in Tulum, explore Pacaso's

Finding the best places to buy a vacation home comes down to matching the location to your lifestyle, hobbies and climate preferences. Consider how you want to spend your free time, who will be traveling with you, and where you can see yourself returning year after year. To help you narrow down the choices, we've organized the top vacation home destinations into four groups: beach destinations, desert and sun destinations, mountain destinations, and international destinations. We've also added California-specific highlights and a full comparison table so you can easily evaluate every market at a glance. Beach destinations consistently rank among the most sought-after markets for second home buyers. Warm weather, outdoor lifestyle and strong rental demand make these locations perennial favorites. Miami is one of the best places to buy a vacation home in Florida because of its unique blend of coastal luxury and urban energy. South Florida has warm weather year-round, headline-making dining and art, and convenient access to Latin America and Europe. The vacation home market here has maintained strong momentum at the top end, reflecting consistent demand from domestic and international buyers. Hilton Head Island is one of the best places to buy a vacation home in South Carolina for buyers who want a mix of active outdoor living and relaxed coastal charm. The area offers warm weather year-round and easy access to world-class golf, nature trails and wide sandy beaches. It's also one of the best East Coast beach towns for buyers seeking solid long-term market growth. Charleston consistently tops lists of the best places to live and visit, and it's equally strong as a second home market. The city's subtropical climate, cobblestone streets and proximity to beaches like Isle of Palms and Sullivan's Island give it year-round appeal. It's a great option for those looking at the best places to buy a vacation home in South Carolina beyond the well-known resort islands. Desert markets offer a distinctive combination of over 300 days of sunshine, world-class golf, and a luxury lifestyle that appeals to buyers escaping cold or grey climates. Scottsdale is a premier destination for those looking at the best places to buy a vacation home in Arizona. Its desert landscape, strict zoning that preserves natural trails and a history of market resilience make it one of the most reliable luxury second home markets in the country.  Mountain towns offer four-season appeal, with skiing in winter and hiking and festivals in summer, and tend to attract buyers who want nature access paired with fine dining and luxury amenities. Aspen balances powder days with gallery nights, a rare combination that keeps real estate demand consistently high. Aspen is one of the best places to buy a vacation home in Colorado for buyers who want both winter skiing and a vibrant summer season.  Vail is one of the best places to buy a vacation home in Colorado for buyers who want a walkable mountain town with a pedestrian street system and resort-level amenities. When the snow melts, the town becomes a standout summer destination with whitewater rafting, farmers markets and outdoor concerts. Jackson Hole sits in one of the most dramatic natural settings in North America, flanked by Grand Teton and Yellowstone National Parks. The combination of world-class skiing, zero state income tax, and a tight inventory of luxury homes gives it consistently strong market fundamentals.  Steamboat Springs offers a more laid-back mountain lifestyle than some of Colorado's higher-profile resorts, while still delivering world-class skiing and year-round outdoor activities. Canoeing on Pearl Lake, soaking in geothermal springs, and access to Routt National Forest make it one of the most well-rounded mountain markets for second home buyers. California offers an extraordinary range of second home markets, from beach cities and wine country to desert retreats and mountain ski towns. Several markets have consistently demonstrated strong buyer demand and home value appreciation. San Diego consistently ranks as one of the best places to buy a vacation home in California because of its remarkably consistent climate and deep lifestyle appeal. The vacation rental market here is strong due to the city's massive draw for domestic and international travelers.  Palm Springs is one of the best places to buy a vacation home in California for buyers drawn to its striking desert scenery, more than 300 days of sunshine and iconic mid-century modern architecture. Cathedral City, just six miles away, is also worth considering for buyers seeking a more affordable entry into the Coachella Valley lifestyle. Truckee and Lake Tahoe to the north provide an entirely different California second home experience, with mountain lodges and year-round outdoor recreation.  Lake Tahoe is consistently one of the most desirable second home markets in California. Truckee, just north of the lake, has an allure of its own: an Old West aesthetic paired with epic ski resorts and proximity to Donner Lake. The area saw an extraordinary demand surge from Bay Area buyers in recent years. For a deeper look at this destination, explore Pacaso's Napa Valley offers a lifestyle centered on culinary excellence, natural beauty, and a quieter pace. The rolling vineyard scenery, Michelin-starred restaurants, and concentration of luxury estates make it one of the best places to buy a vacation home in California for buyers who prioritize food, wine and relaxation over resort activities. For globally mobile buyers, the best places to buy a vacation home internationally are places that deliver culture, connectivity, and everyday ease, along with strong property markets. Here are the top international destinations in Pacaso's portfolio, plus additional global markets worth considering. Paris rewards second home owners with a walkable city, world-class arts and food, and seamless rail and air connections across Europe. It is one of the best places to buy a vacation home in Europe for buyers assembling a global portfolio. London is one of the most globally connected cities in the world, making it an exceptional base for international second home buyers. The diversity of its neighborhoods, from the historic charm of Kensington to the energy of Shoreditch, means buyers can find a setting that matches almost any lifestyle. Tuscany is the quintessential Italian second home destination. Rolling hills, ancient walled towns, Michelin-starred restaurants, and proximity to Florence and Siena create a lifestyle that is hard to replicate anywhere else. It is one of the best places to buy a vacation home in Europe for buyers who want cultural richness paired with natural beauty. Los Cabos is widely considered one of the best places to buy a vacation home in Mexico. Located at the southern tip of Baja California, it combines desert canyons, turquoise water, world-class golf, and a growing luxury real estate market. From mornings on the water to evenings watching the sunset from a private terrace, the lifestyle here is easy to settle into.  Beyond Pacaso's portfolio, several other global markets consistently attract second home buyers: Use this table to quickly compare the top vacation home destinations across climate, price range, who each destination is best for, and Pacaso availability. Price range key: $$ = under $700K median · $$$ = $700K–$1.4M · $$$$ = $1.4M+ No matter which destination appeals to you, four key factors should shape your decision. How long does it take to get to your vacation home? A destination within driving distance encourages more frequent use. If you're flying, direct flights from your home airport significantly improve the ownership experience. Markets like Miami, San Diego, and Palm Springs all have major international airports nearby. For international destinations like Paris and London, consider the availability of nonstop transatlantic routes. Do you want a winter escape, a summer retreat or year-round access? Beach destinations like Miami and San Diego deliver year-round appeal, while mountain markets like Aspen and Vail are especially strong in winter and summer. Desert markets like Scottsdale and Palm Springs are best in winter and spring, with intense summers. European destinations like Paris and Tuscany offer a rich spring and autumn experience. Think about how you want to spend your time at your second home. If skiing and mountain scenery are priorities, Aspen, Vail or Jackson Hole are the right fit. If beaches and outdoor water activities are your focus, Miami, San Diego or Hilton Head deliver. For food, wine and cultural experiences, Napa, Tuscany or Paris offer something few other destinations can match. Review the Consider how often you realistically plan to use the home. If you expect to be there four to twelve weeks a year, whole ownership means paying for 52 weeks of upkeep for a fraction of the use. If you're evaluating the best places to buy a vacation home in the world, there are additional factors to keep in mind: Pacaso is a smarter way to own a luxury vacation home in the destinations that matter most to you. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a Pacaso takes care of everything: With homes across destinations mentioned above, including beach markets in Florida and South Carolina, desert retreats in Arizona and California, mountain towns in Colorado and Wyoming, California wine country, and urban destinations in Europe and Mexico, Pacaso makes it possible to own in the place that fits your lifestyle. Explore

Dreaming of strolling through perfectly manicured gardens, sipping tea in historic cafes or attending world-class theater? If so, exploring the posh areas in London is likely at the top of your travel itinerary. Whether you’re planning a short getaway or researching the From the stucco-fronted terraces of Belgravia to the artistic heritage of Chelsea, we cover the top posh spots to visit below to help you decide where to stay or even 1. Mayfair As far as posh neighborhoods in London go, Mayfair stands out for its timeless elegance and refined luxury. Located in the heart of the West End, Mayfair is known for its grand Georgian architecture, upscale art galleries and You’ll find there's no shortage of Properties in Mayfair reflect its status as a premier address, with average prices among the highest in the world. Typical luxury residences average around $78.4 million ( For those seeking a refined and strategic way to enjoy life in Mayfair, explore Pacaso co-ownership opportunities at stunning listings, including the 2. Belgravia Belgravia is located just southwest of Buckingham Palace and is characterized by its elegant white stucco townhouses, serene garden squares and a palpable sense of timeless sophistication. The neighborhood offers a tranquil escape from the city’s hustle and bustle while remaining conveniently located near major attractions. Enjoy leisurely strolls through Hyde Park, explore the upscale boutiques of Elizabeth Street or savor fine dining experiences at Michelin-starred restaurants like Pétrus by Gordon Ramsay or Muse by Tom Aikens. The area’s proximity to cultural landmarks and its own refined atmosphere make it one of the most highly desirable London neighborhoods.  According to 3. Knightsbridge Knightsbridge stands as a global symbol of luxury and exclusivity, making it among the most posh neighborhoods in London. Home to iconic department stores like Harrods and Harvey Nichols, this area is synonymous with high-end shopping, opulent hotels and world-class dining.  Enjoy designer boutiques along Sloane Street, explore art galleries and savor Michelin-starred restaurants like Dinner by Heston Blumenthal. The area’s proximity to Hyde Park and its own refined atmosphere make it a prime location if you’re seeking a luxurious urban lifestyle. Expect to find grand period conversions, luxurious apartments and discreet mews properties. According to 4. Kensington Kensington is found in West London and is home to iconic landmarks such as Kensington Palace, Royal Albert Hall and the world-renowned South Kensington museums. The museums include You can enjoy leisurely walks in Kensington Gardens or indulge in high-end shopping along Kensington High Street and Kensington Church Street, famous for its antiques. Like many neighborhoods of London, properties include elegant Victorian townhouses and luxurious apartments.  According to the 5. Chelsea For a quintessential example of London's refined elegance, Chelsea is a must-visit. Nestled along the north bank of the River Thames, this prime location offers a charming blend of historic architecture, garden squares and high-end boutiques.  King’s Road, the area's iconic thoroughfare, is filled with chic shops, art galleries and gourmet Chelsea restaurants like the Michelin-starred Restaurant Gordon Ramsay. You’ll find stunning Victorian townhouses, elegant apartments and secluded mews homes along picturesque streets like Bywater Street, each offering a unique glimpse into London’s rich history. Due to its desirability, Chelsea remains one of London’s most expensive residential areas, as noted in the previous Kensington section showing their combined average property cost. Co-ownership with Pacaso provides buyers seeking 6. Notting Hill If you’re looking for the Notting Hill offers a lively atmosphere with a touch of artistic flair that visitors and locals can enjoy. From browsing antique stalls and vintage shops along Portobello Road to enjoying the eclectic mix of cafes and independent boutiques, there’s much to discover here. The blend of vibrant culture, trendy amenities and elegant residences makes Notting Hill a highly sought-after location.  According to 7. Holland Park Holland Park offers a more secluded and tranquil alternative to its bustling neighbors, characterized by its winding tree-lined streets and massive white stucco villas. At the heart of the district lies the park itself, widely considered one of London’s most romantic and well-maintained green spaces.  Visitors and residents alike are drawn to the Kyoto Garden, a stunning Japanese landscape with a koi pond and waterfall, and the open-air Opera Holland Park. Properties in Holland Park are the most exclusive in the world, particularly on streets like Ilchester Place and the famous Millionaire’s Row on Addison Road.  According to 8. Hampstead Hampstead offers a unique blend of village charm and urban sophistication. Located in North London, Hampstead is known for its vast green spaces, including Hampstead Heath, offering breathtaking views of the city. Hampstead's tranquil atmosphere and rich literary history have attracted artists, writers and intellectuals for centuries. Explore the charming boutiques and cafes along Hampstead High Street, view art at Kenwood House or simply escape into the abundance of green space available for a break from the busy city. If you’re looking to The property market in Hampstead reflects its exclusivity as one of the most prestigious areas of London. According to 9. Marylebone Marylebone is located between Regent’s Park and Oxford Street and boasts a blend of Georgian architecture and independent boutiques. In this sophisticated village-like atmosphere, you can explore the world-renowned Wallace Collection, browse the shops along Marylebone High Street or enjoy a stroll through Regent’s Park. The area is central while still providing a tranquil ambiance, making it a unique location among London’s real estate options. If you’re looking for property in Marylebone, you’ll find elegant Georgian townhouses and stylish apartments. According to 10. Westminster As the historic epicenter of British political power, Westminster stands as one of London’s most prestigious and architecturally significant districts. It’s located along the banks of the River Thames and is home to world-famous landmarks such as the Houses of Parliament, Big Ben and Westminster Abbey.  Beyond the landmarks, the neighborhood reveals a quieter side with morning strolls through the manicured greenery of St. James’s Park or an evening spent in the wood-paneled atmosphere of a historic pub tucked away on a side street. Westminster is a great choice for its central location and proximity to major cultural attractions. Expect to find grand period conversions, luxurious apartments with river views and discreet townhouses tucked away on quiet streets. According to provisional 11. St. John's Wood St. John’s Wood is famous for being home to Lord’s Cricket Ground, the “Home of Cricket,” and Abbey Road Studios, where The Beatles recorded many of their iconic albums. The area offers a peaceful escape from the city, with the vast expanse of Regent’s Park nearby. St. John’s Wood is filled with grand detached villas, elegant townhouses and luxurious apartments, all contributing to the area’s timeless appeal.  According to 12. Richmond upon Thames Richmond upon Thames consistently ranks among the happiest and safest neighborhoods of London, and in 2026, it was officially named the Best Place to Live in London by The property market in Richmond is highly resilient, offering a mix of grand Georgian houses and charming Victorian cottages. According to 13. Winnington Road When walking down Winnington Road, you’re entering a world of gated, quiet prestige where properties command their space. Often overshadowed by its neighbor, The Bishops Avenue, Winnington Road is favored by quiet ultra-high-net-worth individuals for its setback properties, larger plots and more refined architecture. The street is comprised entirely of grand detached mansions, many featuring private cinemas, indoor pools and staff quarters. According to Experience the luxury of posh neighborhoods in London with Pacaso Each of these posh areas in London offers a unique glimpse into the city’s rich history and sophisticated lifestyle. If you want to enjoy the refined city lifestyle without the full-time commitment or price tag, consider

Are you and your partner in need of some quality time? Somewhere with stunning views where you can explore to your heart’s content? You’re in luck — we’ve curated a list of the best vacation spots for couples around the world. From the tropical locale of Maui to the snowcapped mountains of Vail, we’ve assessed the luxury environments and must-see attractions of each destination to create our guide. Whether you are looking for a weekend escape or a permanent 1. Maui, Hawai’i The For a more indulgent experience, grab a snorkel and flippers to swim with the sea turtles at Turtle Town in Maluaka Beach. Or share a traditional shaved ice before spending the day sailing around the neighboring island of Lana’i. Thrill seekers can brave the infamous The 2. Napa Valley, California Napa Valley is widely considered one of the most romantic places in the U.S., offering a sensory journey through rolling vineyards and historic estates. Whether you’re visiting for a weekend or a week, Napa Valley has plenty of couples vacation options. While the valley is stunning year-round, it’s particularly famous as a Of course, you’ll want to squeeze in a winery visit — or three. The For those who find themselves returning to the valley every harvest, Pacaso offers the opportunity to co-own a luxury retreat in the heart of wine country. Featured These homes represent the ultimate Pacaso lifestyle: effortless ownership with a dedicated management team that lets you focus entirely on the romance of the region. 3. Palm Springs, California Then, After hiking and checking out the must-see destinations, you can pamper yourselves with a couples spa day. The End your day at The effortless elegance of Palm Springs is perfectly captured in the Pacaso lifestyle, where modern design meets desert tranquility. Some standout 4. Scottsdale, Arizona Whether you’re looking to lounge poolside or spend your days on the golf course, Scottsdale provides the perfect desert backdrop for couples seeking relaxation and recreation.  For a rejuvenating experience, Scottsdale offers various wellness retreats focused on holistic healing, yoga and detox programs. These retreats are designed to help couples unwind and reconnect through relaxation, mindfulness and spa treatments.  Between spa sessions, enjoy the local flavor:  Embracing the Pacaso lifestyle in Scottsdale means moving from a visitor to a local, with a home base designed for entertaining and tranquility. Explore 5. Jackson Hole, Wyoming For couples who find romance in the great outdoors, Jackson Hole is the ultimate high-altitude escape, consistently ranking among the best vacation spots in the U.S. for couples. Unleash your inner cowpoke with a horseback ride through nearby Although skiing is popular in the area, there are a variety of other winter activities in Jackson Hole, like tubing, dog sledding and visiting Granite Hot Springs for a restorative soak. Sip a cold drink and dance to live music at local saloons like the iconic Million Dollar Cowboy Bar, then recover with a spa day at Owning a second home in Jackson Hole allows couples to transition from tourist to trailblazer. Pacaso’s 6. Los Cabos, Mexico Los Cabos is a perennial favorite for the best romantic vacations, offering a dramatic landscape where the desert meets the deep blue of the Sea of Cortez. The Have your meals on the beach or opt for terraced seating at For couples who want more than just a temporary escape, the Pacaso lifestyle in 7. Punta de Mita, Mexico Tucked away on Mexico’s Pacific Coast, Punta de Mita offers pristine beaches and an air of exclusivity that makes it one of the best vacation spots for couples seeking true seclusion. Spend your days lounging on white sand or snorkeling in the azure waters of the Marietas Islands, where you can visit the hidden Beach of Love. For ultimate relaxation, indulge in a couple’s spa treatment like a traditional Temazcal ceremony at one of the luxurious resorts. Savor freshly caught seafood at a beachfront restaurant while watching the sunset over Banderas Bay, or book a private yacht to explore hidden coves.  Punta de Mita’s charm lies in its tranquility, making it one of the best places for a relaxing vacation for couples who want to disconnect from the world and reconnect with each other. The Pacaso lifestyle in 8. London, England There are endless things to do in London, from iconic landmarks to rich history, that create a captivating setting for couples. Begin with a ride on the London Eye for sweeping city views at sunset. Stroll hand in hand along the South Bank or visit the charming streets of Notting Hill, famed for its colorful houses and cozy cafés. Catch a West End show or dine at a Michelin-starred restaurant in the most The Pacaso lifestyle in London offers a rare opportunity to co-own a piece of British history without the traditional barriers to entry. Explore 9. Paris, France Paris is the gold standard for best romantic travel destinations, offering a magical blend of history and luxury. Known as the City of Love, couples can wander through the cobbled streets of Montmartre or share a kiss atop the Eiffel Tower. Visit the Louvre to admire classic art or take a relaxing cruise on the Seine River. Dine by candlelight in one of Paris’s gourmet bistros in the vibrant 6th or 7th arrondissements. Don’t forget to enjoy wine and macarons while gazing at the city’s twinkling lights. Paris effortlessly lives up to its reputation as the most romantic city in the world. A single visit might leave you dreaming of The Pacaso lifestyle allows you to embrace “art de vivre” as a resident rather than a tourist. Imagine returning to your own professionally managed apartment year after year at our 10. Madrid, Spain Madrid is an electrifying vacation spot for couples, where every street corner pulses with history and “alegría.” Start your day with a visit to the Prado Museum to see masterpieces by Goya and Velázquez. For a truly local experience, wander the Literary Quarter (Barrio de las Letras) and find a quiet cafe to share traditional churros with chocolate. As the sun sets, head to the The Pacaso lifestyle in 11. Tuscany, Italy Tuscany is a dreamscape for couples, offering a timeless backdrop of cypress-lined roads and golden hillsides that define the Italian “dolce vita.” Escape to the smaller hill towns like Pienza or San Gimignano to share a glass of Brunello di Montalcino at a family-run winery. Adventure and intimacy go hand-in-hand here, whether you're taking a sunrise hot air balloon ride over the Pacaso transforms the dream of an Italian villa in From the historic architecture to the modern interior finishes, your home is kept in pristine condition so you can focus on mastering the art of the Italian lifestyle. 12. Cape Cod, Massachusetts Cape Cod is a quintessential choice among weekend getaways for couples, offering a timeless landscape of windswept dunes and historic lighthouses. It’s often cited as one of the Eat like a local and grab a lobster roll at a roadside shack, and find a quiet spot at Pacaso’s Experience coastal luxury at 13. Charleston, South Carolina Catch a performance at the The Pacaso lifestyle in Experience the best of the coast at 14. Hilton Head, South Carolina Hilton Head Island is a gem of the Lowcountry, offering a unique blend of natural beauty and refined island living that makes it one of the best vacation spots for couples. Beyond the pristine beaches, couples can spend their days exploring the 60 miles of bike trails that wind through moss-draped oaks.  Head to Harbour Town at sunset to climb the iconic lighthouse or enjoy live music at a waterfront cafe. For those who love activity, the island is a haven for racquet sports and championship golf. Take a private kayak tour through the salt marshes to spot local Atlantic bottlenose dolphins, or simply relax at a coastal spa.  The island’s commitment to preserving its natural environment ensures that your getaway feels like a true escape into a lush, green sanctuary. Co-owning 15. Vail, Colorado Vail stands out among romantic cities in the U.S., offering a charming pedestrian village that feels like a slice of the Swiss Alps in the heart of the Rockies. Couples can spend their mornings carving through the legendary Grab a table at a slope-side bistro for fondue or take a scenic gondola ride to watch the alpenglow over the Whether you’re sharing a blanket on a horse-drawn sleigh or enjoying an outdoor concert at the Pacaso allows couples to own a piece of this premier mountain destination without the second-home burnout of property upkeep. As a co-owner, you skip the hassles of snow removal and seasonal maintenance, ensuring your alpine retreat is warm and welcoming the moment you step off the plane.  Explore Pacaso How to choose the right vacation spot for a second home Selecting a destination for a Relax in your Pacaso home at the best vacation spots for couples Now that you know the best vacation spots for couples, which destination will you and your partner travel to first? If you can see yourself frequenting one of these romantic getaways, you may As a Pacaso

Few states do fall like California. From alpine meadows turning gold in late September to Napa's harvest-season glow, the destinations here are worth the trip — and worth owning nearby. Here's where to go, plus the Pacaso second homes that bring owners back every autumn. 1. Big Bear Lake Lace up your hiking boots and head to 2. Lassen Volcanic National Park Lassen Volcanic National Park promises an unforgettable beautiful experience in the fall. You’ll be awed by the expansive views of golden aspen leaves from atop Cinder Cone and the iconic Lassen Peak. Enjoy volcanic features like steaming fumaroles and bubbling mud pots, and immerse yourself in the serenity of the alpine lakes, their surfaces reflecting the golden hues of autumn. 3. Napa Valley Drive along If you plan to visit multiple seasons, consider buying a 4. Bass Lake Fall is a great time to take leisurely hikes along the well-marked trails around Bass Lake, a 5-mile-long reservoir in the Sierra National Forest. Just a half-hour south of Yosemite National Park, the recreation area also offers kayak rentals. Autumn colors make this the perfect setting for picnics, fishing and watching serene sunsets. 5. Sonoma County In fall, Sonoma also stands out for its variety. Beyond the wineries, you’ll find fall beauty along the If you plan to visit the region annually or more often, consider 6. June Lake  7. Lake Tahoe If you’re considering a vacation home in the area, check out 8. Bishop Creek Canyon 9 10. ​​Hope Valley Hit the road to enjoy picturesque routes like Highway 88 or Blue Lakes Road, and witness Hope Valley adorned in a stunning palette of fall colors. Explore the hiking trails and immerse yourself in the golden beauty of aspen groves and sweeping meadows at 7,000 feet. Check out the meandering West Carson River and the 2,869-acre Hope Valley Wildlife Area. 11. Julian This small Gold Rush mining 12. Lake Arrowhead If you’re considering a vacation home in the area, explore 13. Oak Glen 14. Mammoth Lakes Plan your fall escape Returning to California every fall is even better when you have a place to call your own. Pacaso's LLC co-ownership model lets you own a second home in wine country, the mountains, or the coast — with professional management, scheduling technology, and a fully furnished home ready when you are. No booking scramble, no maintenance headaches. Just the places you love, waiting for you each season. Explore

From historic coastal villages to lively seaside hubs, East Coast beach towns capture the feel of a classic American summer. They’re also popular choices for vacation homes, thanks to their charming communities and easy access to the ocean.  If you’re weighing where to buy or book next, this guide highlights the 15 best East Coast beach towns worth considering, as well as beautiful Pacaso homes along the coast. 1. Bar Harbor, Maine Bar Harbor, Maine, a quintessential example of charming northeast beach towns, is a gateway to the beauty of Beyond the park, Bar Harbor has a vibrant atmosphere. Stroll along the waterfront, explore local shops and art galleries and savor fresh seafood around town. Whale-watching tours and boat cruises let you explore the surrounding marine life. 2. Newport, Rhode Island Newport, Rhode Island is often considered one of the more sophisticated northeast beach towns. It's known for its stunning mansions along Bellevue Avenue, offering a glimpse into a historic era of opulence. Tour these architectural marvels, remnants of the summer "cottages" of wealthy industrialists, and experience the grandeur of the past. Explore Easton's Beach (also known as First Beach), with expansive sandy shores perfect for sunbathing and swimming. The rugged coastline dotted with scenic coves is the perfect backdrop for outdoor activities and exploration.  Beyond the harbor, enjoy the charming cobblestone streets lined with boutiques, art galleries and acclaimed restaurants. 3. Nantucket, Massachusetts For those drawn to the unique allure of Nantucket and considering a second home, check out Pacaso’s 4. Chatham, Massachusetts Chatham, Massachusetts, sits at the southeastern tip of The town has a more relaxed, residential feel than some of Cape Cod’s busier destinations, making it especially appealing for longer stays.  If you’re looking for a charming retreat in Chatham, Pacaso’s 5. Montauk, New York Montauk, New York, is known for its rugged beauty, world-class surf breaks and thriving fishing scene. This coastal gem offers a sophisticated yet relaxed atmosphere. The iconic Montauk is also a haven for anglers, with numerous charter boats offering deep sea fishing excursions. The town's harbor is filled with marinas, seafood restaurants and shops. Beyond the beaches and fishing, Montauk’s rugged charm is great for hiking, biking and exploring the natural beauty of the surrounding area.  6. Cape May, New Jersey Cape May, New Jersey, is known for its well-preserved Victorian architecture and relaxed seaside feel. Gaslit streets and colorful historic homes give the town a distinct character, while its beaches are clean, quiet and well-suited for swimming or a low-key day by the water. The Cape May Lighthouse offers wide coastal views, and boat tours provide chances to see whales and other marine life. The town also has a mix of boutiques, restaurants and inns that keep it lively without feeling overdone. 7. Avalon, New Jersey Avalon, New Jersey, is known for its “ In town, Avalon offers a small but polished mix of boutique shops, restaurants and local gathering spots. The overall atmosphere is relaxed and community-oriented, making it a popular choice for those looking for a low-key beach destination that still feels well cared for and easy to enjoy. If you’re considering a vacation home on the Jersey Shore, explore Pacaso’s 8. Ocean City, Maryland Ocean City, Maryland, is a quintessential East Coast beach town known for its vibrant atmosphere and family-friendly appeal, making it one of the Beyond the boardwalk, Ocean City offers a variety of attractions that make it an ideal second home destination. Explore Assateague Island, home to wild ponies, or enjoy a day of fishing or boating in the bay. With its classic beach town charm and modern amenities, Ocean City provides a lively environment for those looking for the best beach towns on the East Coast. 9. Virginia Beach, Virginia Virginia Beach is one of the best East Coast beach towns if you want to enjoy natural beauty and exciting attractions. It's among the best family vacation spots thanks to its expansive beaches and lively boardwalk. The iconic Virginia Beach Boardwalk offers amusement rides and arcades, or you can take your kids to the Virginia Aquarium & Marine Science Center for entertaining exhibits about marine life. Beyond the bustling boardwalk, Virginia Beach offers a diverse range of outdoor activities. First Landing State Park, where English colonists first landed in 1607, provides opportunities for hiking, kayaking and exploring natural habitats. The area also boasts a thriving culinary scene, with fresh seafood and a variety of dining options. Virginia Beach was also rated among Pacaso’s 10. Charleston, South Carolina  The city is also a major food destination, with everything from traditional Lowcountry cooking to modern coastal restaurants. King Street anchors downtown with shops, galleries, and dining, and nearby beaches like Sullivan’s Island and Folly Beach provide easy access to the water. Looking to own your own slice of paradise in South Carolina? Explore Pacaso’s 11. Kiawah Island, South Carolina  The island is also known for its golf, including the Ocean Course at Kiawah Island Golf Resort, which has hosted major tournaments and sits directly along the Atlantic. Beyond golf, residents and visitors spend time biking the island’s extensive trail system, kayaking through tidal creeks, or relaxing on its long, uninterrupted beaches. Surrounded by lagoon views, Pacaso’s 12. Hilton Head, South Carolina Beyond the beaches and golf, Hilton Head offers a wide range of activities, including biking along miles of paved trails, kayaking through scenic waterways and exploring the island's nature preserves. Hilton Head is also known for its sophisticated dining scene, upscale shopping and vibrant cultural events. With an outdoor fireplace, grill, pool, and hot tub, Pacaso’s 13. St. Augustine, Florida St. Augustine, Florida, offers a unique blend of historical significance and coastal allure. The city's rich past is evident in its well-preserved architecture, like the iconic Castillo de San Marcos National Monument, a 17th-century fortress overlooking the Matanzas River. Walking through the cobblestone streets of the historic district feels like stepping back in time, with numerous museums and art galleries to explore. St. Augustine also has beautiful beaches, including St. Augustine Beach and Anastasia State Park. The city's vibrant cultural scene, with its festivals, live music and diverse culinary offerings, adds to its appeal, especially if you’re interested in 14. Rosemary Beach, Florida  Rosemary Beach, Florida, is a community along the state’s scenic The beach is just steps from town, with soft white sand and clear Gulf waters that are ideal for swimming and long beach days. Rosemary Beach also has a small but polished town center with cafés, boutiques, and restaurants, keeping everything easily accessible without a car. If you’re looking for a second home on one of the best East Coast beaches, explore Pacaso’s 15. Fort Lauderdale, Florida  Beyond the water, Fort Lauderdale has a mix of walkable neighborhoods, including Las Olas Boulevard, where you’ll find restaurants, shops, and galleries. The beach runs directly along the city, offering a long stretch of sand backed by a lively but more relaxed promenade than nearby Miami. If you want a second home within walking distance of Las Olas Blvd, check out Pacaso’s Find your perfect East Coast beach town vacation home From quiet coastal towns to lively waterfront cities, the best East Coast beach towns are some of the most sought-after places for a second home. Pacaso makes it easier to own in these markets through co-ownership. With Pacaso's LLC co-ownership model, you purchase a share (⅛ to ½) of a professionally designed, fully managed luxury home in the coastal destination you love, and Pacaso handles the rest — from furnishing and maintenance to scheduling and bill pay. The result is a vacation home that's actually ready when you are, in a location you'll want to return to again and again. Browse

Retirement is arguably the best time of life to travel. The alarm clock is gone, the schedule is yours, and decades of hard work have earned you the freedom to go where you want, when you want. It's no surprise that travel consistently ranks as one of retirees' top priorities for discretionary spending. According to The reasons go beyond leisure. Nearly 95% of survey respondents said travel is good for their mental health, and 85% said it benefits their physical health. For couples, solo travelers, and multi-generational families alike, retirement travel is one of the most rewarding ways to spend this chapter of life. The challenge? Finding the right destinations and figuring out the smartest way to return to the places you love most. The majority of retirees focus on domestic travel, and the United States has no shortage of exceptional destinations suited to a range of interests and activity levels. Here are the top retirement vacation destinations within the U.S., many of which also happen to have Pacaso co-ownership properties available. Few destinations match Napa Valley for sheer relaxation paired with world-class experiences. With more than 400 wineries, 90 tasting rooms, and 14 Michelin-starred restaurants, Napa is built for the kind of unhurried, indulgent travel that retirement makes possible.  The charming towns of Yountville, St. Helena, and Calistoga each have their own distinct character, and the valley's spa, wellness, and outdoor recreation offerings round out a truly complete destination. Pacaso has a curated portfolio of With more than 300 days of sunshine a year, Palm Springs has been a favorite for retirees for generations, and for good reason. Located two hours from Los Angeles in the stunning Coachella Valley, the city combines Mid-Century Modern architecture, world-class golf, excellent dining, and access to Joshua Tree National Park. It's easy to see why Palm Springs consistently ranks as one of the most sought-after second home destinations in the country. Browse Aspen offers four full seasons of enrichment in one of the most beautiful settings in North America. In winter, world-class skiing and snowboarding draw visitors from around the globe. Spring and summer bring spectacular hiking, fishing, and the renowned Vail is synonymous with alpine luxury, and it's one of the most popular retirement and celebration trip destinations in the country. Whether you're marking a milestone birthday, an anniversary, or simply the joy of finally having the time to ski a full week, Vail's world-class mountain, walkable village, and outstanding dining make it an unforgettable destination. Spring and summer bring hiking, mountain biking, and a If the goal is wide-open natural beauty and genuine adventure, Jackson Hole is hard to beat. Situated at the gateway to both Grand Teton National Park and Yellowstone National Park, this Wyoming valley is simply stunning in every season. World-class skiing in winter, world-class wildlife viewing in spring and fall, and endless outdoor recreation in summer, plus a charming town square with excellent restaurants and galleries. Pacaso has co-ownership homes in With 330 days of sunshine a year and more than 50 golf courses nearby, Scottsdale is a perennial favorite for retirement vacations. The combination of a walkable Old Town with great restaurants and galleries and a world-class spa and wellness scene makes it one of the most complete retirement vacation destinations in the Southwest. Pacaso's Year-round mild weather, world-class beaches, a thriving food scene, and a rich cultural calendar make San Diego one of the best retirement trips for couples and solo travelers. "America's Finest City" also offers easy access to Torrey Pines State Reserve, Balboa Park's museums, and day trips to wine country in Temecula. For those who love waking up to the Pacific Ocean, Pacaso's Miami combines beach living, culinary diversity, and a vibrant arts scene in a way that few American cities can match. Spend sun-filled days on South Beach or exploring the Everglades, then indulge in outdoor dining and world-class entertainment after dark. Miami is also a natural jumping-off point for Caribbean cruises and day trips to the Florida Keys. Pacaso has A more relaxed alternative to Napa, Sonoma County offers incredible wine, farm-to-table cuisine, and a laid-back coastal and agricultural landscape that is perfect for retirement. Towns like Healdsburg, Sonoma, and Guerneville each have their own distinct charm. The proximity to the Pacific Coast makes it easy to combine wine country and coastal scenery in a single trip. Browse Retirement is the ideal time for international travel. Extended stays are possible, the crowds of summer can be avoided by traveling in shoulder seasons, and the freedom to slow down and truly experience a destination, rather than rushing through a checklist, makes every trip richer. Here are some of the best retirement vacation destinations abroad. Italy consistently tops lists of the best international retirement trips, and for good reason. The combination of ancient history, Renaissance art, extraordinary cuisine, and incomparable natural landscapes, from the Amalfi Coast to the Dolomites, makes Italy a destination that rewards repeat visits. Tuscany in particular is beloved by retirees for its gentle pace, gorgeous countryside, and exceptional wine and food. Pacaso offers France is endlessly rewarding as a retirement destination. Paris offers world-class culture and walkable neighborhoods that suit any pace. The Loire Valley, Provence, and the Dordogne each offer a different flavor of French life. For active retirees who love skiing, the French Alps deliver world-class slopes at destinations like Chamonix and Megève. Pacaso's portfolio includes Spain's excellent healthcare system, warm climate, vibrant culture, and affordable cost of living make it one of the most attractive countries for retirement travel and long-term stays. Madrid in particular offers a lively arts scene, incredible food, and excellent transport links to the rest of the country and Europe.  For retirees seeking world-class beaches, championship golf, and the ease of a destination just hours from major U.S. cities, Los Cabos is one of the best retirement trips available. The combination of desert landscapes, the Sea of Cortez, and a thriving culinary and resort scene is uniquely compelling. Pacaso offers London's cultural depth, including world-class museums, theater, historic neighborhoods, and easy access to all of Europe, makes it a perennial favorite for retirees who want to immerse themselves in history and city life. For a slower-paced alternative, the Cotswolds offer quintessential English countryside beauty. Pacaso has For those who want a more secluded, boutique beach experience than Los Cabos, Punta de Mita on Mexico's Riviera Nayarit is an exceptional choice. Stunning beaches, world-class surfing, excellent dining, and a relaxed atmosphere make it one of the most beautiful and underrated retirement vacation destinations in Latin America. Browse Standard hotel stays and resort weeks are just the beginning. Retirement gives you the freedom to travel in ways that simply weren't possible during your working years. Here are some of the most rewarding retirement trip ideas beyond the typical vacation. One of the most cited motivators for retirement travel is spending time with family and friends. Multi-generational trips, where adult children, grandchildren, and extended family all travel together, have become increasingly popular. A spacious vacation home is far better suited to this style of travel than a hotel: private bedrooms, shared common spaces, a full kitchen, and outdoor areas create the kind of experience that brings families together. Co-owned Pacaso homes, which are fully furnished and managed, are purpose-built for Rather than racing through a checklist of destinations, slow travel means spending several weeks in one place — getting to know the neighborhood, the local restaurants, and the rhythms of daily life. Retirees are uniquely positioned to travel this way, and it often leads to the most meaningful trips. Having a co-owned second home in a favorite destination makes slow travel even easier, since your home is always waiting for you. A classic American road trip takes on a whole new dimension in retirement. Without the pressure of maximizing a limited vacation window, you can take your time through national parks, small towns, and scenic byways. Consider a fall foliage journey through New England, a national park loop through the Southwest, or a summer drive through the Rocky Mountains. For retirees whose travel wish list spans multiple continents, an around-the-world cruise is one of the most seamless ways to see as much as possible. Ranging from a few months to a full year, these voyages handle the logistics of transportation and accommodation, leaving you free to simply enjoy each destination. Some retirees even string cruises together, using a co-owned home in a favorite port city as a home base between voyages. Many retirees find that travel centered on health, food, and learning is the most deeply satisfying. Wine country trips to Napa Valley or Sonoma, cooking classes in Tuscany, spa retreats in Scottsdale, or yoga retreats in Punta de Mita are all examples of wellness and culinary travel that pairs beautifully with a second home in the same destination. See our guide on Retirement is the chapter you've been working toward — the one where time finally belongs to you, and the places that matter most become more than just destinations on a calendar. Maybe it's the mountain town where you always said you'd spend more time, or the coastal retreat where your family has made memories for years. After decades of brief vacations and rushed goodbyes, retirement gives you the chance to truly settle into the places you love: to wake up slowly, to host your grandchildren in a home that feels like But retirement travelers also face a real tension: more freedom than ever before, yet still the frustration of hotel rooms that don't feel like home and vacation rentals that may not be available when you actually want them. You've earned better than that. This is precisely where Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a property-specific LLC, giving them a true real estate asset for a fraction of the cost. Each share comes with a proportional amount of annual time at the property, scheduled through an easy-to-use app. And because Pacaso handles all property management, such as maintenance, cleaning, repairs, utilities, insurance, and taxes, owners spend their time enjoying their home, not managing it. Here's why co-ownership is particularly well-suited to retirement: If you're exploring

A snowbird destination is a warm-weather location where people, typically retirees or remote workers, relocate seasonally to escape cold northern winters. Snowbird season typically runs from October through April, sending millions of people to sun-belt cities and coastal towns across the South, Southwest, and beyond. The lifestyle itself centers on trading ice and grey skies for beach walks, golf rounds, and outdoor dining. For those who own a second home in their destination of choice, the experience becomes far richer: you arrive to a familiar space, a known neighborhood, and a routine that feels genuinely yours. Not every warm city is an equally great place to spend four to six months each year. The best snowbird destinations tend to check several boxes: Florida, Arizona, California, and Texas account for the vast majority of domestic snowbird traffic each year. Here is a breakdown of the best snowbird destinations within each state, along with what makes each market worth considering. Florida is the most popular snowbird state in the country, drawing millions of seasonal residents each winter with its warm Gulf and Atlantic coastlines, abundant golf, and strong healthcare infrastructure. The most sought-after Florida snowbird destinations span both coasts and offer a wide range of lifestyle options. Miami is the East Coast's premier snowbird destination, pairing oceanfront energy with world-class dining, art, and nightlife. Winter highs hover in the upper 70s, and the city's cultural calendar never slows; Art Basel Miami Beach in December draws a global crowd to South Beach and the Design District. Biscayne Bay offers morning boating, and the broader South Florida coast gives snowbirds access to a range of beach communities from Fort Lauderdale to Key Biscayne. Sarasota combines world-class arts (the Ringling Museum, a vibrant theater scene, and St. Armands Circle shopping) with easy beach access on Siesta Key, consistently recognized among the best beaches in the U.S. for its fine quartz sand. The city's walkable downtown, strong cultural calendar, and relaxed Gulf Coast pace make it one of the most livable Florida snowbird destinations for those who want beauty without the pace of a major metro. Naples skews toward high-end golf communities and a quieter, more residential pace — a strong fit for snowbirds who want privacy alongside top-tier amenities. The city sits near the Ten Thousand Islands Wildlife Refuge, offering kayaking and sportfishing excursions just beyond the manicured fairways. For a side-by-side look, Nestled between the Gulf of Mexico and Tampa Bay, Clearwater is known for its white-sand beaches and consistent recognition among the country's top beach destinations. Clearwater Beach's 3-mile barrier island is lined with restaurants and waterfront options. St. Petersburg complements it with a compact, walkable arts district with museums, galleries, and restaurants. Both cities benefit from easy connectivity to Tampa International Airport for snowbirds flying in from the Northeast and Midwest. Arizona is the top snowbird state for those who prefer dry desert warmth over coastal humidity. With over 300 sunny days per year and winter highs consistently in the mid-60s to mid-70s, snowbird destinations in Arizona offer a dependable and active seasonal lifestyle built around golf, hiking, and outdoor dining. Scottsdale is the most popular of all the snowbird destinations in Arizona, combining desert sunshine with a lively urban edge. The McDowell Sonoran Preserve offers more than 200 miles of trails, while Scottsdale Fashion Square anchors a premier dining and retail scene with roughly 2 million square feet of shopping.  Golf is deeply embedded in Scottsdale's identity. The metro area has more than 200 courses, including TPC Scottsdale, home to the annual Waste Management Phoenix Open. Old Town Scottsdale's walkable restaurant and gallery district makes evenings effortless.  While technically in California, the greater Coachella Valley, encompassing Palm Springs, Palm Desert, La Quinta, and Rancho Mirage, sits just across the Arizona border and serves as a natural extension of the Arizona snowbird corridor. See the California section below for full coverage. Mesa is one of the most popular snowbird destinations in Arizona for sports fans and outdoor enthusiasts. The city is a spring training home for Major League Baseball teams, making it a particularly lively snowbird destination from February through April. With access to nearly 200 golf courses in the Phoenix metropolitan area and outdoor adventures like kayaking the Lower Salt River, where wild horses roam the banks, Mesa delivers an active and affordable alternative to Scottsdale for snowbirds on a broader budget. California snowbird destinations offer a range of climates and lifestyle options, from the sun-drenched desert of the Coachella Valley to the year-round coastal perfection of San Diego. California draws snowbirds from across the Pacific Northwest and Mountain West, as well as from the Midwest, who prize the state's outdoor culture, dining scene, and luxury second home market. Palm Springs is one of the most iconic California snowbird destinations. Nestled in the Coachella Valley against the backdrop of the San Jacinto Mountains, the city averages around 350 days of sunshine annually. Winter highs typically sit in the upper 60s to low 70s — warm enough for golf, hiking, and poolside afternoons.  The city's mid-century modern architecture, design-forward culture, and Modernism Week each February make it a destination with genuine character. El Paseo in nearby Palm Desert offers over 250 galleries, boutiques, and restaurants along a walkable stretch, and the Greater Palm Springs area has over 100 golf courses, including PGA West in La Quinta with six championship layouts. San Diego's combination of ocean access, walkable neighborhoods, and near-perfect weather makes it one of the top California snowbird destinations for those who prefer a coastal lifestyle. Winter temperatures rarely dip below the mid-60s, and the city's year-round farmers markets, craft food scene, and Balboa Park cultural institutions give snowbirds an active and varied daily routine.  The city's bays, beaches, and neighborhoods transition naturally from active mornings (paddleboarding in Mission Bay, hiking Torrey Pines) to unhurried evenings in vibrant restaurant districts. For snowbirds who want to extend their stay with a coastal road trip, check out Texas is an often-overlooked but genuinely compelling option for snowbirds, particularly those driving from the Midwest or central U.S. The best snowbird destinations in Texas combine warm winters, no state income tax, affordable cost of living relative to Florida and California, and a growing luxury second home market. South Padre Island, located on a barrier island at the southernmost tip of Texas, is the most popular snowbird destination in the state. The island sits just 30 miles from the Mexican border and enjoys some of the warmest winter temperatures in the country with average January highs in the mid-60s. The Gulf of Mexico beach, bird watching at the World Birding Center, and a relaxed coastal pace make it a natural fit for snowbirds who want a quieter, affordable escape. The Rio Grande Valley, encompassing McAllen, Harlingen, and Brownsville, is one of the most established snowbird corridors in the country, particularly popular with retirees from the Midwest and Canada. The region's warm winters, low cost of living, and proximity to Mexican border towns for shopping and dining have made it a perennial destination. The area's strong network of RV parks, retirement communities, and long-stay rental properties is specifically built around the snowbird lifestyle. Corpus Christi offers a true Gulf Coast experience with wide beaches, world-class sportfishing, and a laid-back waterfront downtown, all at a price point well below comparable Florida destinations. The city's proximity to Padre Island National Seashore, the longest undeveloped stretch of barrier island in the world, is a major draw for nature-minded snowbirds. A growing number of snowbirds are looking beyond U.S. borders for warm places to spend winter, especially as international second home markets have become more accessible. Los Cabos sits at the southern tip of Baja California, where the Sea of Cortez meets the Pacific. Winter days bring swimmable coves, deep-sea fishing excursions, and a vibrant marina dining scene, all within a short direct flight from most major U.S. cities. Demand from U.S. buyers has grown steadily, and the destination now anchors one of the strongest international luxury second home markets in the Western Hemisphere. Golf is a major draw; the area's desert bluff courses offer spectacular ocean views alongside first-class facilities. San José del Cabo's historic art district and regular gallery walks add cultural depth to what is otherwise one of the most relaxed and scenic snowbird markets available.  The right snowbird vacation home does more than provide a roof over your head for winter; it becomes the hub of your seasonal life. Here is what to prioritize when evaluating snowbird vacation homes: Getting ready for a multi-month stay takes some advance planning. A solid snowbird checklist helps ensure you leave your primary home in good shape and arrive at your destination ready to settle in. Snowbirds are, in many ways, the ideal audience for a co-ownership model. You want a true home, not a hotel, in a warm-weather market you return to season after season. But full ownership of a luxury second home in Palm Springs, Scottsdale, or Miami represents a significant capital outlay, plus year-round carrying costs for a property you use seasonally. Pacaso offers a purpose-built solution. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a For snowbirds, the model is particularly well-suited: owners who purchase a 1/4 or larger share access enough time each season to establish a real routine, without paying for the months the home sits empty. The management model means there is no property upkeep to coordinate from your primary residence. You simply book your dates and arrive at a home that is cleaned, stocked, and ready. Pacaso operates in more than 40 markets, including top Florida snowbird destinations like Miami, popular snowbird destinations in Arizona like Scottsdale, and premier California snowbird destinations like Palm Springs and San Diego. A warm-weather second home doesn't have to mean full ownership costs and year-round upkeep.

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

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

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

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

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

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

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

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

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

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