Comment 34 for bug 330766

Volcano, I have a solution that worked for me (my brother's home partition was NTFS). Though I didn't think to update pulseaudio to see if the most recent one fixed the problem...

Make a small partition around 5 MiB with a file system that supports symbolic links (like ext3). Mount that partition to /home/volcano/.pulse/ in fstab.
Make sure you set everything in there to have the right permissions too:
"chmod/chown ~/.pulse to root/root 700"
I found that volcano/volcano instead of root/root will work too.

This way pulse audio can make a symbolic link from ~/.pulse to /tmp and succeed!

Nasty work around; I know. But it is a way to get pulseaudio working while your home partition is NTFS, which is better than falling back to ALSA (which I assume is the most up to date behavior in this situation).