Recently, San Francisco-based startup Pacaso announced that it is now possible to pay with crypto — including Dogecoin ($DOGE) — for shares in single-family homes in some of the top second home destinations in the U.S.
As Bloomberg reported back on March 21, Pacaso, which was founded in October 2020 by Zillow Group Inc. co-founder Spencer Rascoff and Dotloop founder Austin Allison, managed to achieve “unicorn” status (i.e.achieve a valuation of over $1 billion) “faster than any other U.S. company.”
Pacaso CEO Austin Allison told Bloomberg in an interview:
“Second-home ownership was already a dream for families pre-pandemic, but that interest has only amplified with Covid-19 shifting the way people work and live.“
The Bloomberg report went on to say that that Pacaso buys single-family houses in the U.S. and then sells ownership shares in these properties (the minimum investment is “a one-eighth slice of the residence”). Owners of a home can book stays throughout the year (the number of weeks they can occupy the home depends on “the size of their ownership”) and interestingly Pacaso makes sure that the owners’ belongings “are switched out upon arrival and departure.”
