Tag

Co Ownership

All articles tagged with #co ownership

real-estate1 year ago

"Millennials and Gen Z Turn to Co-Owning Homes Amid High Costs"

Co-owning a home with friends or family is gaining traction among younger generations as a solution to housing affordability issues. Companies like Pacaso facilitate this by managing co-ownership agreements and making the process easier. However, some experts warn that it can be complicated and may not be as beneficial as it seems, with potential difficulties in managing and financing the property. Despite skepticism, interest in co-ownership is growing, particularly among first-time homebuyers.

real-estate1 year ago

Pacaso Expands to Lower-Priced Vacation Home Co-Ownership Listings

Luxury vacation home co-ownership platform Pacaso is expanding its offerings to include lower-priced vacation home listings, with share prices starting as low as $200,000. The company, which previously focused on multimillion-dollar homes, allows buyers to purchase shares of vacation properties and benefits from the home's potential appreciation. Despite its success, Pacaso has faced backlash in some communities and is now adding services to help primary homebuyers access the co-ownership model.

personal-finance2 years ago

Protecting Your Children's Inheritance: Strategies to Safeguard Assets in Divorce

A father wants to give his adult children a portion of their future inheritance to help them buy property, but he wants to ensure that the money is protected in the event of divorce. He considers co-purchasing property with his children and setting up trusts to keep the money out of reach of their partners. However, he is advised to be cautious about giving away all the money and to consider the potential impact of changing estate tax exemptions. Ultimately, he is reminded that there is only so much control he can have over his children and the money he gives them.