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Transforming Vacation Home Ownership
This chapter explores the profound impact of co-ownership in luxury second homes, specifically through a Lake Tahoe experience that invited deeper community engagement. It discusses the innovative business model aimed at addressing challenges in traditional real estate ownership and outlines the strategic evolution from an asset-light to an asset-heavy approach. The narrative highlights the complexities of the luxury co-ownership market, the various revenue opportunities, and the lessons learned in navigating a shifting venture capital landscape.