Residents fear the fractional home ownership model, like a traditional timeshare, will result in loud parties and a dilution of community.
Sonoma, in a cul-de-sac right across the street from the home of Pat Smith. The company purchased the home in 2021. “We were blindsided,” Smith says, referring to herself and her neighbors. No one from Pacaso contacted her or her fellow residents to explain what was happening, she says.
Smith and her neighbors feared such things as loud parties, which people in neighborhoods with temporary housing such as Airbnb have experienced. They also feared the hollowing-out of their neighborhood and loss of community. Citing the devastating fires that have affected the North Bay, Smith says, “They [the fractional owners] are
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32 NorthBaybiz
April 2024
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