The California coastal town of 85,000 voted unanimously to relegate co-owned homes — like those sold by Pacaso and Ember — to areas that typically don't have luxury homes in them
Legislators declined to label it a 'timeshare' company, but approved rules that would set limits on where Pacaso can operate. The vote could set the stage for challenges elsewhere in the US
Ember Flex represents a shift for the co-ownership startup, which sells one-eighth shares of luxury homes in vacation markets across the West
Underlying Summer's proprietary underwriting analysis is data from AirDNA, and it leverages VRBO, Airbnb and Booking.com to promote availability in its clients' homes
This strategic alliance with RE/MAX will formally introduce the co-ownership leader to agents who operate in markets where it has homes and shares available
The company facilitates fractional investment in short-term rentals and vacation properties, and makes it possible for anyone to invest in them as they would individual stocks
Opinion
Agents who work with luxury buyers seeking to secure a share of an Ember home should be aware of how this unique purchasing model operates
Ember is not a timeshare, and part of its mission is to ensure vacation homes remain actively used instead of serving as empty wealth trophies
Aspiring buyers can now view new listings 24 hours in advance of when they're made available to the public, according to an announcement from the second-homeownership platform on Wednesday
Pacaso is making available 1/2 to 1/4 shares of the Maui home, which will be operated by a team of local service providers
The Salt Lake City-based proptech startup is focusing on 20 markets in 10 states, including Utah, Oregon, New Mexico, Texas and California