If I buy a Pacaso home, will I eventually come to regret it within 2 years of purchase?
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1.2kṀ360resolved Aug 15
Resolved
N/A1H
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I am considering buying 1/8 of a house through the unicorn startup Pacaso. Roughly, I buy 1/8 of an LLC and the LLC owns the home. After the sale, Pacaso does not own any part of the home, but Pacaso fully manages the home.
If I don't buy through Pacaso, the claim resolves to 50% (I wish I could create a conditional claim, but since I can't, I will settle the claim at 50% if I don't buy.)
If I do buy through Pacaso AND I come to regret the decision within two years of my purchase, the claim resolves to Yes. Some ways that I might come to regret the decision include: Pacaso goes bankrupt; one or more co-owners makes my life miserable; Pacaso does not maintain the property well; I repeatedly cannot reserve many of the dates that I want; I am not able to sell my share for more the 0.9 of my investment; through some LLC shenanigans, I lose my ownership stake; some major change in the house that I think is essential does not happen because I get outvoted; my annual fees go up by 1.5 or more; the house is severely damaged; the jurisdiction where I am buying bans Pacaso-like sales; and any number of other unknowns and unknown unknowns.
If I do buy through Pacaso AND I do not come to regret the decision before two years after my purchase, then the claim resolves to No.
Jun 4, 9:40am: I learned from @Jack in the comments that I can resolve the claim as N/A. So I intend to resolve the claim as N/A if I DO NOT buy a Pacaso home, instead of resolving the claim at 50% as I stated above. In this way, the claim is conditional. If I don't buy a Pacaso home, everyone gets back exactly the money that they put in. If I DO buy a Pacaso home, then the claim will resolve as Yes if I come to regret it within 2 years, and No if I don't regret it.
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