Own a fraction of a home? Californians raise concerns

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Bright yellow signs declare opposition to real estate startup Pacaso in Santa Barbara, one of many California communities wrestling with how to regulate the company. Photo by Matt Guilhem / KCRW.

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.