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Can’t Afford a House? Buy a Piece of One Instead
In a chaotic housing market that has shut many buyers out, fractional home ownership and investing trends are taking off.
Chockley, a health care executive, bought a portion of the house through Pacaso, a brokerage firm that buys what many consider second or vacation luxury homes, sells them in fractions, and manages them. Prospective homebuyers compete not only with , but also with hedge funds, mom and pop landlords, and now, a growing number of fractional companies that harness the power of a handful or a few hundred investors in a single property. Arrived drew ire from Congressman Ro Khanna last year, as it launched its Single Family Residential Fund, which throws more than a dozen properties into a bundle and lets people invest in the asset class, like a modern REIT.
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