Anyone tried Pacaso? Experiences with fractional ownership?

Does anyone have any experience with Pacaso? I’ve known about it for years, and I’ve been hearing more about it in the news. I think it was started by the original guy who started Zillow, if I remember right?

It seems like a smart way to get fractional ownership in a vacation home without the full cost or obligation of dealing with the whole thing.

I’m wondering what the drawbacks are, though. I can’t help but think about timeshares and all the nightmares I’ve heard about those. I know that’s not exactly what this is, but it seems like there might be some parallels.

Has anyone ever invested in a vacation home with this? If so, what has your experience been like?

I don’t imagine you’ll find many people who have used Pacaso and stumble across this forum post. That said, I would also love to know of others’ genuine experiences. It seems like a great idea in theory.

To me, the only catch is, how easy is it to sell my share of the property at its fair market value, if I ever get tired of it?

That’s really the essence of how liquid or illiquid the investment is, or if it’s an investment at all.

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I haven’t tried it either, I agree with @donyost might not get fair value or be very liquid.
It would be interesting to hear if anyone has used it!

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