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Pacaso, a company that sells fractional ownership in vacation homes, is selling shares to individual investors as it struggles to adapt to a tough real estate market.. Founded in 2020 by former ...
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During the national downturn in the real estate market in the mid-2000s as part of the Great Recession, the company's sales suffered, with earnings dropping off by 60 percent in 2006. [29] As a result, the company cut its workforce, exited the homebuilding market and sold its office holdings [30] which included the corporate headquarters built ...