Moving out and having a place to call your own is definitely on the bucket list of many Americans. Finally, free from our parents “controlling” our lives, not having a curfew, and a place to call our own. Research shows that less people are actually moving out and more are opting to stay with our parents until we truly feel financially stable. Everyone of course is different and leaves the nest at different ages, you can choose to live on your own, with friends, or even with strangers.
Recently in New York City, there has been a new housing trend, one in which you live with other people. The CEO of the co-living startup Common, Brad Hargreaves, says that it is anything but a dorm like situation. People who choose to live in these co-living apartments share a bathroom and kitchen with other people and they also provide you with a fully furnished room where you have daily interactions with other residents. This startup is meant to provide you with an easy way to live with other people that aren’t your family.
Depending on the location, you’re provided with various amenities such as a yoga room, hot tubs, laundry room, beer taps, and events throughout the week that allow you to interact with the other residents. It allows you to build meaningful relationships with other people which is really hard to do when you have a full time job and are done with school.
All the perks come with a price, according to Business Insider if you want a 120 square feet room in Williamsburg, Brooklyn it would cost around $1,800 to $2,300 a month. What do you think? Is it worth it?
For those who have a hard time meeting other people, this could be a perfect way to find people with similar hobbies and interest outside of work. So far, the startup has been successful in big cities like New York City. I imagine their next goal would be to take on Silicon Valley where people would benefit from living space likes these. Apart from these big tech cities a co-living space would not be popular in states where there isn’t a big tech boom.