{"id":184766,"date":"2025-09-17T12:35:51","date_gmt":"2025-09-17T18:35:51","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=184766"},"modified":"2025-09-17T12:35:55","modified_gmt":"2025-09-17T18:35:55","slug":"fractional-vacation-homes-the-future-of-ownership","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/fractional-vacation-homes-the-future-of-ownership","title":{"rendered":"Fractional Vacation Homes: The Future of Ownership?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Midnight Zillow and the Great Dream Gap<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Laptop open, clock hitting 12:07 a.m., and <\/span><span data-preserver-spaces=\"true\">you\u2019re<\/span><span data-preserver-spaces=\"true\"> 10 pages deep on Zillow. A French farmhouse in Napa. A slope-side modern house in Aspen. A Spanish villa <\/span><span data-preserver-spaces=\"true\">you\u2019ll<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">check out someday<\/span><span data-preserver-spaces=\"true\">.\u201d<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">And then reality hits: Your bank account <\/span><span data-preserver-spaces=\"true\">doesn\u2019t<\/span><span data-preserver-spaces=\"true\"> speak the same language as your browser tabs.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">That moment\u2014the gap between dreaming and affording\u2014is <\/span><span data-preserver-spaces=\"true\">exactly<\/span><span data-preserver-spaces=\"true\"> what <\/span><span data-preserver-spaces=\"true\">Pacaso\u2019s<\/span><span data-preserver-spaces=\"true\"> founder, Austin Allison, noticed when he worked at Zillow. The data told the story: Millions of people spend nearly an hour per session browsing $2 million+ properties, with zero realistic chance of buying that vacation home of their dreams.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">And in that gap, Allison saw a $1.3 trillion opportunity.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">The Big Idea: Break Homes Into Shares<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Why should vacation homes be owned 100% by one family when that family will only use <\/span><span data-preserver-spaces=\"true\">it<\/span><span data-preserver-spaces=\"true\"> 10% to 20% of the year? <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/invest.pacaso.com\/?utm_source=email&amp;utm_medium=paid-partnership&amp;utm_campaign=partnership135-542_08-24_10758330809\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Fractional ownership<\/span><\/a><span data-preserver-spaces=\"true\"> changes the narrative <\/span><span data-preserver-spaces=\"true\">because<\/span><span data-preserver-spaces=\"true\"> you <\/span><span data-preserver-spaces=\"true\">can<\/span><span data-preserver-spaces=\"true\"> buy a small slice.<\/span><span data-preserver-spaces=\"true\"> Get real equity, usage rights, and let someone else worry about the gutters.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">The mechanics:<\/span><\/strong><span data-preserver-spaces=\"true\"> Properties <\/span><span data-preserver-spaces=\"true\">are purchased<\/span><span data-preserver-spaces=\"true\"> through an LLC. Owners buy shares, often one-eighth or one-fourth of the home.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">The lifestyle:<\/span><\/strong><span data-preserver-spaces=\"true\"> Owners get rightsized time in the home, and enjoy a fully furnished, fully managed experience. Pacaso takes care of all the hassle (upkeep, cleaning, legal, HOAs, taxes, etc.).<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">The equity play:<\/span><\/strong> <span data-preserver-spaces=\"true\">Because<\/span><span data-preserver-spaces=\"true\"> you <\/span><span data-preserver-spaces=\"true\">actually<\/span><span data-preserver-spaces=\"true\"> own part of the real estate asset, your share <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/what-is-appreciation-in-real-estate\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">appreciates<\/span><\/a> <span data-preserver-spaces=\"true\">with<\/span><span data-preserver-spaces=\"true\"> the property.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> essentially buying stock shares using Robinhood, but for houses. Or using Airbnb for a vacation rental, but with an ownership spin. Still, like with any investment, the <\/span><span data-preserver-spaces=\"true\">devil\u2019s<\/span><span data-preserver-spaces=\"true\"> in the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/due-diligence-ultimate-guide\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">due diligence<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">A Potential Use Case<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Picture a dentist who runs a thriving practice, or a boutique agency owner bringing in $300K+ a year. <\/span><span data-preserver-spaces=\"true\">They\u2019re<\/span><span data-preserver-spaces=\"true\"> not billionaires, but <\/span><span data-preserver-spaces=\"true\">they\u2019ve<\/span><span data-preserver-spaces=\"true\"> built <\/span><span data-preserver-spaces=\"true\">steady<\/span> <a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/rental-property-cash-flow-analysis\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">cash flow<\/span><\/a><span data-preserver-spaces=\"true\"> and have investable capital beyond their retirement accounts.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Owning a $2 million vacation property outright <\/span><span data-preserver-spaces=\"true\">doesn\u2019t<\/span><span data-preserver-spaces=\"true\"> make sense when their time is already stretched thin and their money is better diversified<\/span><span data-preserver-spaces=\"true\">. But<\/span><span data-preserver-spaces=\"true\"> putting $200K into a quarter-share of a managed home in Aspen or Napa? That fits.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">For them, fractional ownership checks multiple boxes:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Lifestyle:<\/span><\/strong> <span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> a guaranteed escape for family holidays or client entertainment.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Equity:<\/span><\/strong><span data-preserver-spaces=\"true\"> Their share appreciates as the home does.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Convenience: <\/span><\/strong><span data-preserver-spaces=\"true\">No maintenance headaches, managing cleaners or landscapers, or HOA squabbles.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span data-preserver-spaces=\"true\">That\u2019s<\/span><span data-preserver-spaces=\"true\"> the dream that Pacaso enables. For busy professionals and small business owners, fractional ownership <\/span><span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> just a lifestyle splurge\u2014<\/span><span data-preserver-spaces=\"true\">it\u2019s<\/span><span data-preserver-spaces=\"true\"> an ability to access an otherwise impossible tier of wealth and luxury.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Why Now? Timing Is Everything<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Fractional ownership or DIY co-ownership (like when a family owns a property together) <\/span><span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> brand new. But <\/span><span data-preserver-spaces=\"true\">Pacaso\u2019s<\/span><span data-preserver-spaces=\"true\"> timing is different:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Pandemic tailwinds:<\/span><\/strong><span data-preserver-spaces=\"true\"> Remote work uncoupled people from cities. Disposable savings hit record highs, ranging from <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/tradingeconomics.com\/united-states\/personal-savings\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">12% to 32%<\/span><\/a><span data-preserver-spaces=\"true\">. The dream of<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">a second place<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">became more tangible.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Tech fixes logistics:<\/span><\/strong><span data-preserver-spaces=\"true\"> Remember the nightmare of managing co-owners with sticky notes and shared calendars? Platforms now automate scheduling, maintenance, and even resale.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Cultural appetite: <\/span><\/strong><span data-preserver-spaces=\"true\">Younger investors <\/span><span data-preserver-spaces=\"true\">don\u2019t<\/span><span data-preserver-spaces=\"true\"> want to tie themselves down to one asset for life. They want flexibility, optionality, and experiences\u2014without waiting until retirement.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span data-preserver-spaces=\"true\">Add those together, and suddenly fractional ownership feels less like a novelty and more like a megatrend.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Inside <\/span><span data-preserver-spaces=\"true\">Pacaso\u2019s<\/span><span data-preserver-spaces=\"true\"> Machine<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Here\u2019s<\/span><span data-preserver-spaces=\"true\"> where BiggerPockets is different from lifestyle blogs. <\/span><span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> not about<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">Wouldn\u2019t<\/span><span data-preserver-spaces=\"true\"> Aspen be fun?<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> about risk, structure, and ROI.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Pacaso <\/span><span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> only offering the chance for people to buy homes\u2014they are currently letting the public <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/invest.pacaso.com\/?utm_source=email&amp;utm_medium=paid-partnership&amp;utm_campaign=partnership135-542_08-24_10758330809\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">buy stock directly in Pacaso<\/span><\/a><span data-preserver-spaces=\"true\"> until <\/span><strong><span data-preserver-spaces=\"true\">Sept. 18<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">This<\/span> <span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> some fly-by-night proptech. Pacaso <\/span><span data-preserver-spaces=\"true\">was founded<\/span><span data-preserver-spaces=\"true\"> by a guy who helped grow Zillow into a multibillion-dollar behemoth. Austin Allison <\/span><span data-preserver-spaces=\"true\">didn\u2019t<\/span><span data-preserver-spaces=\"true\"> stumble into this. He watched the browsing data for years, learned from his first company (which he sold for $120 million), and surrounded himself with industry experts.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">That credibility attracted heavy hitters. VCs behind Uber, Venmo, and eBay have backed Pacaso.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">And <\/span><span data-preserver-spaces=\"true\">they\u2019re<\/span><span data-preserver-spaces=\"true\"> not just playing in Aspen and Napa. Pacaso recently launched in Paris and is expanding to London, Cabo, and the Caribbean\u2014places where Americans already buy second homes, but struggle with logistics and local rules.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">And now, Pacaso <\/span><span data-preserver-spaces=\"true\">isn\u2019t<\/span><span data-preserver-spaces=\"true\"> just selling shares in houses. <\/span><span data-preserver-spaces=\"true\">They\u2019re<\/span><span data-preserver-spaces=\"true\"> letting everyday investors buy shares of the company itself. Their <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/invest.pacaso.com\/?utm_source=email&amp;utm_medium=paid-partnership&amp;utm_campaign=partnership135-542_08-24_10758330809\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">SEC-qualified offering<\/span><\/a><span data-preserver-spaces=\"true\"> is open <\/span><span data-preserver-spaces=\"true\">until Sept. 18<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Here\u2019s<\/span><span data-preserver-spaces=\"true\"> the real kicker: Pacaso has reserved the Nasdaq ticker PCSO. Translation: They want to take the whole platform public. <\/span><span data-preserver-spaces=\"true\">That\u2019s<\/span><span data-preserver-spaces=\"true\"> a big reason why they are currently doing this public growth round. <\/span><span data-preserver-spaces=\"true\">They\u2019re<\/span><span data-preserver-spaces=\"true\"> building a public investor <\/span><span data-preserver-spaces=\"true\">base<\/span><span data-preserver-spaces=\"true\">,<\/span> <span data-preserver-spaces=\"true\">and <\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> marketing <\/span><span data-preserver-spaces=\"true\">for<\/span><span data-preserver-spaces=\"true\"> their company.<\/span><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> means investors have two ways to play:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Buy the homes:<\/span><\/strong> <span data-preserver-spaces=\"true\">Get<\/span><span data-preserver-spaces=\"true\"> lifestyle <\/span><span data-preserver-spaces=\"true\">plus<\/span><span data-preserver-spaces=\"true\"> exposure to luxury markets.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Buy the company: <\/span><\/strong><span data-preserver-spaces=\"true\">Bet on the infrastructure powering fractional everything.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span data-preserver-spaces=\"true\">Pacaso\u2019s<\/span><span data-preserver-spaces=\"true\"> Regulation A offering is open <\/span><span data-preserver-spaces=\"true\">until Sept. 18<\/span><span data-preserver-spaces=\"true\">. Learn more and review the offering circular <\/span><a class=\"editor-rtfLink\" href=\"http:\/\/invest.pacaso.com\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">here<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">The Reality Check<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Let&#8217;s<\/span><span data-preserver-spaces=\"true\"> pump the brakes for a moment. After digging into the fractional ownership model, three <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> vulnerabilities jump out.<\/span><\/p>\n\n\n\n<p><strong><span data-preserver-spaces=\"true\">Market vulnerability<\/span><\/strong><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Luxury real estate is historically the first to get hit in downturns. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> could leave fractional shares stranded without buyers.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">However, <\/span><span data-preserver-spaces=\"true\">there&#8217;s<\/span><span data-preserver-spaces=\"true\"> an interesting counterargument: Economic uncertainty could actually drive more affluent buyers toward fractional ownership as a lower-commitment alternative to purchasing an entire vacation home.<\/span><\/p>\n\n\n\n<p><strong><span data-preserver-spaces=\"true\">Community resistance<\/span><\/strong><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Some towns, like <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/patch.com\/california\/napavalley\/st-helena-reaches-settlement-pacaso-home-co-ownership-company\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">St. Helena, California<\/span><\/a><span data-preserver-spaces=\"true\">, are pushing back against rotating owners because they fear the<\/span><span data-preserver-spaces=\"true\"> &#8220;<\/span><span data-preserver-spaces=\"true\">hotel-ification<\/span><span data-preserver-spaces=\"true\">&#8221; <\/span><span data-preserver-spaces=\"true\">of their neighborhoods. The noise, parking issues, and revolving door of strangers can <\/span><span data-preserver-spaces=\"true\">be seen<\/span><span data-preserver-spaces=\"true\"> as a plague in communities overrun with Airbnb properties. <\/span><span data-preserver-spaces=\"true\">We&#8217;ve<\/span><span data-preserver-spaces=\"true\"> all seen how <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/short-term-rental-investing\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">short-term rentals<\/span><\/a><span data-preserver-spaces=\"true\"> can transform quiet residential streets into de facto hotel zones, complete with party houses and absent accountability.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">However, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.pacaso.com\/blog\/st-helena-facts\/?utm_source=email&amp;utm_medium=paid-partnership&amp;utm_campaign=partnership135-542_08-24_10\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Pacaso&#8217;s<\/span><span data-preserver-spaces=\"true\"> model<\/span><\/a><span data-preserver-spaces=\"true\"> is fundamentally different: These are long-term co-owners who have skin in the game, maintaining consistent property standards and building relationships with neighbors. <\/span><span data-preserver-spaces=\"true\">It\u2019s<\/span><span data-preserver-spaces=\"true\"> more like a shared family cottage than a rental property.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">So where does this leave us? <\/span><span data-preserver-spaces=\"true\">We have a model with genuine innovation <\/span><span data-preserver-spaces=\"true\">solving<\/span><span data-preserver-spaces=\"true\"> real problems, but also <\/span><span data-preserver-spaces=\"true\">facing<\/span><span data-preserver-spaces=\"true\"> significant headwinds.<\/span><span data-preserver-spaces=\"true\"> The question <\/span><span data-preserver-spaces=\"true\">isn&#8217;t<\/span><span data-preserver-spaces=\"true\"> whether fractional ownership will exist\u2014because it will\u2014but whether it becomes a mainstream alternative to traditional ownership or remains a luxury curiosity.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Final Thoughts<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Fractional vacation homeownership <\/span><span data-preserver-spaces=\"true\">sits in that<\/span><span data-preserver-spaces=\"true\"> gray zone between genuine opportunity and an unproven new category.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Opportunity: <\/span><\/strong><span data-preserver-spaces=\"true\">A<\/span> <span data-preserver-spaces=\"true\">$1.3 trillion market, growing adoption, tech finally catching up.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Risks: <\/span><\/strong><span data-preserver-spaces=\"true\">Luxury volatility, legal hurdles, liquidity.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span data-preserver-spaces=\"true\">If you believe in the model, investing in Pacaso might be for you. If <\/span><span data-preserver-spaces=\"true\">you\u2019re<\/span><span data-preserver-spaces=\"true\"> skeptical, the sidelines might be the safer play for you.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Either way, <\/span><span data-preserver-spaces=\"true\">it\u2019s<\/span><span data-preserver-spaces=\"true\"> worth paying attention. Because if Pacaso wins, it <\/span><span data-preserver-spaces=\"true\">won\u2019t<\/span><span data-preserver-spaces=\"true\"> just change who gets to own a vacation home\u2014it could change how ownership itself works.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Let me know in the comments: Would you buy a quarter-share of an Aspen vacation home, or would you <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/invest.pacaso.com\/?utm_source=email&amp;utm_medium=paid-partnership&amp;utm_campaign=partnership135-542_08-24_10758330809\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">buy stock in Pacaso<\/span><\/a><span data-preserver-spaces=\"true\"> itself?<\/span><\/p>\n\n\n\n<p><em><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> is a paid advertisement for <\/span><span data-preserver-spaces=\"true\">Pacaso&#8217;s<\/span><span data-preserver-spaces=\"true\"> Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to <\/span><span data-preserver-spaces=\"true\">approvals<\/span><span data-preserver-spaces=\"true\">.<\/span><\/em><\/p>\n\n\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Midnight Zillow and the Great Dream Gap Laptop open, clock hitting 12:07 a.m., and you\u2019re 10 pages deep on Zillow. A French farmhouse in Napa. A slope-side modern house in [&hellip;]<\/p>\n","protected":false},"author":613738,"featured_media":111642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7399],"tags":[],"class_list":["post-184766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diversifying-investments"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/184766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613738"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=184766"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/184766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/111642"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=184766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=184766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=184766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}