The wealthy are paying over $1 million to sleep in the vacation home of their dreams - for about six weeks a year. They're going in on homes that cost more than $10 million with up to seven other buyers. For example, Harvest Ridge, a luxury estate in Jackson Hole, Wyoming, is available for co-ownership through Pacaso, a vacation-home company operating in 40 destinations across the US and abroad.
"We select finishes, furniture, and art that appeals to a broad audience as opposed to something that might be attractive to one person but a turnoff to another person," he added. But no one property is the same. "We incorporate local pieces, whether it's local artists, furniture dealers, or bookstores," Allison said. "So when you go to the home in Jackson Hole, it feels like a Jackson Hole home that was appointed with local market expertise in mind."
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