Jon Grauman

Yep.

You know, I think initially it may just have been a reaction to high prices. But that said, I think that it's not a short term thing. I think that these are new evolving business models that are going to create more access and affordability for people. And it's part of a new ecosystem that we're entering into.

You know, I think initially it may just have been a reaction to high prices. But that said, I think that it's not a short term thing. I think that these are new evolving business models that are going to create more access and affordability for people. And it's part of a new ecosystem that we're entering into.

You know, I think initially it may just have been a reaction to high prices. But that said, I think that it's not a short term thing. I think that these are new evolving business models that are going to create more access and affordability for people. And it's part of a new ecosystem that we're entering into.

Much like the work from home model was in reaction to COVID, it's clearly something that's here to stay. So I think that between what's happening just within the real estate industry alone, what's happening within the affordability and inventory crisis, this industry is ripe for disruption.

Much like the work from home model was in reaction to COVID, it's clearly something that's here to stay. So I think that between what's happening just within the real estate industry alone, what's happening within the affordability and inventory crisis, this industry is ripe for disruption.

Much like the work from home model was in reaction to COVID, it's clearly something that's here to stay. So I think that between what's happening just within the real estate industry alone, what's happening within the affordability and inventory crisis, this industry is ripe for disruption.

There are going to be some major moves made in the next 12 to 24 months that are really going to flip this industry on its head. And these are some of the models that are going to play a part in that.

There are going to be some major moves made in the next 12 to 24 months that are really going to flip this industry on its head. And these are some of the models that are going to play a part in that.

There are going to be some major moves made in the next 12 to 24 months that are really going to flip this industry on its head. And these are some of the models that are going to play a part in that.

Yeah, I think it will be.

Yeah, I think it will be.

Yeah, I think it will be.

Yeah, I'll give you a more real-world example. I personally own a home in Napa, which is my happy place, that I have a one-eighth fractional ownership in because that gives me six weeks of use out of the year. I couldn't use it more than six weeks if I wanted to. I don't have that much time. But... It's a home that I'll just say I wouldn't have been able to afford on my own.

Yeah, I'll give you a more real-world example. I personally own a home in Napa, which is my happy place, that I have a one-eighth fractional ownership in because that gives me six weeks of use out of the year. I couldn't use it more than six weeks if I wanted to. I don't have that much time. But... It's a home that I'll just say I wouldn't have been able to afford on my own.

Yeah, I'll give you a more real-world example. I personally own a home in Napa, which is my happy place, that I have a one-eighth fractional ownership in because that gives me six weeks of use out of the year. I couldn't use it more than six weeks if I wanted to. I don't have that much time. But... It's a home that I'll just say I wouldn't have been able to afford on my own.

But by virtue of having this fractional ownership, I'm able to have the use and enjoyment of this really amazing estate up there. And I think you'll see more models like that in the future.

But by virtue of having this fractional ownership, I'm able to have the use and enjoyment of this really amazing estate up there. And I think you'll see more models like that in the future.

But by virtue of having this fractional ownership, I'm able to have the use and enjoyment of this really amazing estate up there. And I think you'll see more models like that in the future.

Sure, yes, a fancier timeshare. Different versions of fractional ownership that allow more accessibility to people.