We are an alliance of communities against Pacaso Homes in our residential neighborhoods - timeshares belong in commercial areas, not streets and cul de sacs!
Warning to Pacaso communities: Pacaso cannot be trusted. Do not fall for their veiled threats of lawsuits and need to 'work with us'. Pacaso wanted to negotiate 500 homes in Newport Beach! Until the community pushed back. Check latest SPN newsletter: https://t.co/J9PLAOvcf1
Pacaso is a TIMESHARE! Watch the unanimous votes of Carmel, Malibu, Newport Beach and Sonoma County against Pacaso an other timeshares. Links to meetings on homepage of https://t.co/tFoMyRJJAZ Don't miss the laughable letters read by staff...embarrassing!!
The County of Sonoma's Planning Commission and City of Malibu's City Council will vote in the coming days to regulate Pacaso homes within business areas where they belong with other timeshares, STRs and hotels. April 6 for Sonoma and April 10 for Malibu. https://t.co/ojtWNvmtfv
@hannahnfry Thanks for getting the word out about Newport Beach's fight against Pacaso - timeshares in neighborhoods. More info at https://t.co/tFoMyRJJAZ for national resistance to @PacasoHomes https://t.co/ojtWNvmtfv https://t.co/wB9Q2W7EJG
@kimberleylovato @NVbumpkin You get to use your home anytime, decorate w/ things you love, leave items behind. Pacasos are hotels, reservs needed and nothing left behind. 'Owners' are anonymous to one another as are their guests. Like a hotel, they need to be in business areas not neighborhoods.
Neighborhoods that have zoning regs banning transient occupancy (like Pacaso's 2-14 days at a time) are never going to be happy having a Pacaso. Suing and lobbying at the state level to overturn local ordinances is Pacaso's trademark and we will continue to push back on it.
@NVbumpkin @StopPacasoNOW I understand and appreciate your point, 100 % But are they strangers if they return again and again, month after month, year after year? How many times would they have to return to be considered your neighbors? It's been an eye-opening story to research! Have a great weekend.
@kimberleylovato@byshondaland@Pacaso@adrianleeds Pacaso purchased a home in a small culdesac and the home has had 49 documented turnovers in 2022 in an are where STRs are banned. Their bullying tactics inc. ignoring regs, suing St. Helena and overturning local regs in UT with SB271. NO TU! https://t.co/tFoMyRJJAZ
Pacaso on the HOT SEAT in Sullivan's Is. and it didn't go well - City Council fried them. Pacaso is on their way out of town! Same with Carmel, CA who banned them in their zoning this past week. https://t.co/e6jNDPcKSA
SPN Supporters on Nantucket are fighting back! They noted that it is "on Nantucket" for those that live there. Of course Pacaso always writes "in Nantucket" because they are NOT part of the community! https://t.co/tFoMyRJJAZ
Desperate times in Pacaso World. No funding since 9/21, borrowed $ costing more, communities regulating them OUT of neighborhoods...where to go? what to do? Estimates are 125 homes purchased in 3 years worldwide - hardly worthy of $1B valuation. https://t.co/ojtWNvmtfv
@rohindhar@bobbyfijan@EllliotttB what stunned me is how low the deal volume is- Pacaso told me that they recently transacted their 1000th home share- that means it could be as few as 125 homes. Valuation $1.5B... https://t.co/9xcNz7lwtd
@rohindhar@EllliotttB Desperate times in Pacaso World. No funding since 9/21, borrowed $ costing more, communities regulating them OUT of neighborhoods...where to go? what to do? Estimates are 125 homes purchased in 3 years worldwide - hardly worthy of $1B valuation. https://t.co/ojtWNvmtfv
Desperate times in Pacaso World. No funding since 9/21, borrowed $ costing more, communities regulating them OUT of neighborhoods...where to go? what to do? Estimates are 125 homes purchased in 3 years worldwide - hardly worthy of $1B valuation. https://t.co/ojtWNvmtfv
Meddling with what it means to be a homeowner is a recipe for attention — good and bad. Pacaso rocketed to a 🦄 valuation, but the capital markets and the housing market look v different now. I caught up w @GAustinAllison to see how he's switching it up
https://t.co/n35Hva8pmn
@spencerrascoff Pacaso Homes is in desperation mode. No funding since 2021, rates on their borrowed money going up, communities zoning them out of neighborhoods, 3 years in business and only 125 homes to show for it worldwide. https://t.co/ojtWNvmtfv
@hitsamty@rohindhar@bobbyfijan@EllliotttB@hitsamty You nailed it! Worldwide, 3 years in business and only 125 homes to show for it. Check https://t.co/ojtWNvmtfv to follow the backlash in every community they enter. They are being relegated to business districts with other timeshare models and OUT of neighborhoods.
@PacasoComms Thanks for listing a Sonoma 'Prospect' (home 'borrowed' from the MLS, not owned by Pacaso) on your website. Triggered the BEST adverts for Stop Pacaso Now, neighbors are coming by to pick up signs/banners, and the emails are flooding into the Sups office.🤣🤣🤣
@GAustinAllison & @Pacasohomes There you go w/the spin! TRUTH: ParkCity has banned you from neighborhoods and put you in the same areas as other timeshare models. And this past week it was Maui working to ban Pacaso and copycat corporations. Doors shutting everywhere.