Pacaso lobbied Utah legislators and won!  Your state may be next

Pacaso bullies are at it again!  

The town of Park City worked hard to create and pass zoning regulations that would keep Pacaso and similar fractional ownership companies where they belong - in business districts with hotels and bed and breakfasts.  


Pacaso spent $$$ lobbying to override local zoning regulations in Utah where they own 15 houses.  In March 2023, Utah Senate Bill 271 was passed by both houses and sits on the Governor's desk for signature.


Needless to say, Pacaso will work hard to parlay this success into a template to lobby other states where Pacaso has financial interest.  Pacaso's press release "Utah Becomes First-Ever State Legislature to Support Pacaso's Second Home Co-Ownership Model with Preemption Bill" states their intention clearly - they will lobby every state where they do business and attempt the same result, to override local regulations and clear the way for Pacaso and all other copycat companies.

Read Pacaso's press release HERE
Read the local KPCW release HERE
Read the SB271 bill HERE

What can you do to stop Pacaso from successfully lobbying your state? 

Contact your County and State legislators

How do you find your legislators? Click on this link to find your County and State legislators:  or do a google search for your County Supervisors and State Assembly/Senators

What do you say to them? SPN has put together a draft letter to get you started.  Click here to download it:
Draft letter to copy and paste




Stop Pacaso Now is reviving its national petition

Please sign it and encourage others to do the same.




One of our supporters in California received this 'time sensitive' offer in an email last week.  
Dear Alan,

It was a rough week for the economy, and you might be asking: How should I use my money? 

I’d love to talk about how Pacaso can help you to diversify and expand your portfolio into real estate, a purchase class which has 
historically been a safe and resilient place to park money during uncertain times. Not to mention, a second home is a tangible place where you can make lifelong memories, unlike a U.S. Treasury bill. 

And for a limited time, you can own a luxury second home for just 5% down with Pacaso’s special offer. But act fast, this ends on April 30, and limited homes remain. Reply to this email to learn more!

Michael Botefuhr
(305) 413-5857

Schedule time with me


The link between SVB and Pacaso?  This WSJ headline says it all

"The SVB Tremors Will Shake SoftBank

Lender’s collapse could force reckoning on valuations of unlisted startups—of which SoftBank is a major backer"

Softbank was Pacaso's last and biggest investor in September 2021.  The amount they invested was small potatoes in the tech world and Pacaso was never listed in the news stories about Softbank's meltdown.  Pacaso is an 'unlisted startup'
and the reckoning is coming!

Read the full story HERE


It is all about the 'use' of the house - Newport Beach organizing against Pacaso

March 15th in the LA Times headline, "Newport Beach fractional home ownerships might be defined as timeshares."

Newport Beach has 11 fractional ownership homes in their small community. The town has been reviewing options to regulate them and just this week have asked the Planning Commission for deeper discussion.

“What we know is we cannot preclude owner occupants from purchasing property in an LLC, nor do I think we want to do that. We cannot prevent property owners from hiring a company to manage their properties, nor do I think we want to do that,” Kleiman said. “What we can look at is the use of the property and whether it’s consistent with the neighboring uses as intended by our general plan and our zoning code. This is obviously a very transient use that has the potential for impacts that can be differentiated from the typical residential use in our neighborhoods.

Pacaso is working the Utah win with the 'property rights' comments here:

“Many existing homes within Newport Beach are co-owned through a multiowner arrangement like an LLC or trust, no different than how Pacaso homeowners own their homes,” the statement read. “It is important that property rights are protected for all residents in the city, full time and part time. Pacaso will continue to engage with city officials to help them correctly understand our model and how co-ownership can benefit the community.”

Remember, neighbors also have property rights! 

Read full article HERE



STR owner changes home to fractional ownership to skirt regulations

SPN received an email from a California supporter living near a short term rental party house.  The neighbors were successful in working with the County permitting office and the homeowner lost the permit.

What did the owners do?

They listed the home for sale in 10 fractions (is there a limit?) to avoid any regulations.

The parties continue but now, when the County knocks on the door, they say they are a guest and not paying any short term rental fees.

Sadly, the greed and entitlement continues.



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