In the Lake Tahoe-adjacent town of Truckee, CA, where the median home listing is $627,450, there’s currently a three-bedroom, 3.5-bathroom 2,470-square-foot house listed for $1,000—and that’s not a typo. But there is a catch. It’s fractional ownership—meaning you own a “fraction” of it, and get to use the home for roughly four weeks a year.
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