Believe it or not, young people in San Francisco are purchasing a bunk for live in space between $1.2-$1.4K a month. They call it podcasting.
They sign up to join little small communities, living together with strangers, basically owning less of everything and renting and sharing a whole lot more. With housing extra high prices in the area, they figure this is the best way to solve the issue.
— Shawn DeRay (@DeRay_Shawn) April 30, 2019
The cost of housing is out of reach for many residents in cities such as Los Angeles and Seattle. One solution is called co-living, and it looks a lot like dorm life. Co-living projects are trying to fill a vacuum between low-income and luxury housing in expensive housing markets where people in the middle are left with few choices.
The pods consist of a twin bed with a small flat-screen TV in a communal bunk room, some immediate storage space and access to lockers. The kitchen, bathrooms, yard and other common areas are all shared. Members also are allowed to hop around to different PodShare locations as much as they want, as long as there’s availability.
Prices vary slightly at different sites, but the PodShare where Hewitt’s staying costs $1,400 a month. That might sound steep, but traditional apartments in the surrounding neighborhood of Venice Beach go for a lot more.
Without PodShare, Hewitt says she’d never be able to afford this area.
More young people are leaning into the sharing economy — owning less of everything and renting and sharing a whole lot more.
Here's why: https://t.co/GwWuDIZsb3
— NPR (@NPR) April 23, 2019
— Briana Stewart (@briana83) September 6, 2016
Totalitarian Communism: You live in a commune
Capitalism: You live in a commune, we call it 'podsharing'https://t.co/KtVeMnvvCj
— John Weeks (@john_weeks) June 18, 2019