Can’t Afford a House? Buy a Piece of One Instead

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Economy,Housing,Finance

In a chaotic housing market that has shut many buyers out, fractional home ownership and investing trends are taking off.

Nancy Chockley’s $12 million home sits next to a ski slope in Vail, Colorado. It has a chef’s kitchen with sleek appliances, a family room with a modern fireplace, a balcony with mountain views, and four bedrooms that sleep up to 12 guests. But when Chockley packs up to return home in Washington, DC, she puts family photos back in her assigned cabinets; clothes and skis go into her family’s storage locker.

” The company said it would sell the properties within six months—but would not distribute funds back to investors until all of its properties had sold. Here.co did not respond to a request for comment about the state of its property sales. That’s a different model from Pacaso, which sits at the high end of the market and allows people to own a portion of the house, rather than a share. If an owner wants to exit, they can sell their individual share to a new buyer.

 

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