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> without the overhead associated with owning and managing a rental Pacaso charges monthly fees for upkeep. What’s the difference?

Retric 5y ago
Pacaso is a rather traditional timeshare, but not what I am talking about. Let’s call it joint ownership without a 3rd party. They likely pay 3rd party’s do upkeep, but at whatever standards the group decides not an independent management company. This can also include improvements like wheelchair ramps, boat docks etc or even removal of things like TV service etc. Again it’s exactly what the group decides without excess or profit.
- ricardobeat 5y ago
  I may have gotten this wrong, but Pacaso looks like joint ownership (of an LLC), not a traditional timeshare. I don’t really see the difference from what you’re describing here, other than not hand picking the cleaning company - which most people probably consider a benefit.
  - Retric 5y ago
    First their increasing the purchase price by 12% right off the bad that money is simply lost to you and your friends. On top of this they also charge a monthly fee. Second, if you and your friends are sharing a cabin in the woods, why would you need a cleaning company? Sure, if nobody used it for 6 months you might schedule something ahead of time, but it’s not like you trash your house evey day your there.
    - ricardobeat 5y ago
      I’m going by what I’ve read here, not having owned a timeshare myself. The main issues seem to be, in fact, cleaning and maintenance, plus the hurdle of organizing everything. This stuff is very straining on relationships. Someone has to do the purchase paperwork, deal with permits, hire cleaners, builders, inspectors, check their work, schedule, payments, and so on. Sounds like a ton of annoying work, and they are targeting a millionaires market already - I bet a lot of people with 600k to spare think it’s worth the 12%.

Retric 5y ago

Pacaso is a rather traditional timeshare, but not what I am talking about. Let’s call it joint ownership without a 3rd party. They likely pay 3rd party’s do upkeep, but at whatever standards the group decides not an independent management company. This can also include improvements like wheelchair ramps, boat docks etc or even removal of things like TV service etc. Again it’s exactly what the group decides without excess or profit.

ricardobeat 5y ago
I may have gotten this wrong, but Pacaso looks like joint ownership (of an LLC), not a traditional timeshare. I don’t really see the difference from what you’re describing here, other than not hand picking the cleaning company - which most people probably consider a benefit.
- Retric 5y ago
  First their increasing the purchase price by 12% right off the bad that money is simply lost to you and your friends. On top of this they also charge a monthly fee. Second, if you and your friends are sharing a cabin in the woods, why would you need a cleaning company? Sure, if nobody used it for 6 months you might schedule something ahead of time, but it’s not like you trash your house evey day your there.
  - ricardobeat 5y ago
    I’m going by what I’ve read here, not having owned a timeshare myself. The main issues seem to be, in fact, cleaning and maintenance, plus the hurdle of organizing everything. This stuff is very straining on relationships. Someone has to do the purchase paperwork, deal with permits, hire cleaners, builders, inspectors, check their work, schedule, payments, and so on. Sounds like a ton of annoying work, and they are targeting a millionaires market already - I bet a lot of people with 600k to spare think it’s worth the 12%.