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Employing what it calls “fractional ownership” for second homes, real estate startup Pacaso has left communities scrambling to regulate its model. East Hollywood used to have a tightly-knit Japanese immigrant community known as Madison/J-Flats. Boarding houses there offered people affordable rent, home-cooked meals, and community. After pressure from San Clemente residents, the City Council turned down Steven Knoblock’s proposal banning abortion facilities from opening.
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Employing what it calls “fractional ownership” for second homes, real estate startup Pacaso has left communities scrambling to regulate its model. East Hollywood used to have a tightly-knit Japanese immigrant community known as Madison/J-Flats. Boarding houses there offered people affordable rent, home-cooked meals, and community. After pressure from San Clemente residents, the City Council turned down Steven Knoblock’s proposal banning abortion facilities from opening.
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