As group living rentals grow in popularity across the country, some are becoming more affordable.
According to reporting by the Wall Street Journal, these new co-living spaces can be smaller than 100 feet with each tenant provided a dedicated sleeping pod. Owners compensate for their limited size with amenities like camping trips, yoga studios and cooking classes. While co-living spaces have typically set their rent on par with average studio prices, a few are working to make their spaces more affordable—down to $600 a month in some cases. Government housing departments are eyeing group living as a potential solution to affordable housing shortages in big cities.
Have you ever lived in a sponsored group living arrangement? Would you sleep in a pod to save money? Share your experiences with AirTalk by calling 866-893-5722.
Jeremiah Adler, founder and CEO of UP(st)ART, a Los Angeles-based co-living company for creatives
Richard Green, housing policy expert; director of Lusk Center for Real Estate Chair at USC; former senior advisor at the Department of Housing and Urban Development under the Obama administration