Co-Living Space

Co-Living Space for Affordable Housing Solution

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We can’t deny that housing crisis among millennials is a big issue. There are many millennials who are struggling to afford a proper housing especially those living in big cities. Unfortunately, there isn’t any true solution to address this issue. However, there are creative innovation that could become a prospective answer. Co-living space is one among them.

Affordable Housing Solution
Affordable Housing Solution

Millennials tend to live in urban environment and they must face the harsh fact of high rental fees and high housing prices in big cities. Many of them losing at http://178.128.214.248 are struggling to pay high rental fees leading them unable to save and getting own house seems like impossible. Even worse, many of them living in residential unit with poor quality. These young adults are looking for better housing allowing them to have dignified life. Co-living space can offer better living environment with more reasonable cost.

Affordable Housing Solution

Co-living space is basically a residential space where multiple people living together. Each resident has own room, relatively small, as private space while other common facilities such as kitchen, living room, working space, or even bathroom, are shared with other residents. It is similar like staying in a hostel or vacation guesthouse but co-living space is more like long term or even permanent stay.

Affordable Housing Solution
Affordable Housing Solution

This concept could be very interesting for millennials. Most of them are single young adults and sharing living space with other won’t be a strange thing for them. Through the college years and through their twenties most people sharing living space with room mate or house mate. Millennials also tend to seek new experience. Co-living space would be a new concept to try for more convenient and friendly living environment.

Unlike apartment or other housing, co-living space can have certain rules including requiring residents to be in certain age range ensuring the residents would be easier to get a long one another. Set of rules are also important to bound all residents to keep everybody comfortable and protecting privacy of each resident. Another benefit for the residents is more affordable rental price and utility cost.

Affordable Housing Solution
Affordable Housing Solution

Co-living spaces have been built and already operating in several big cities and this concept is proven to be interesting for millennials. Many millennials are applying to live in the living spaces even the number of applications far exceeding the available rooms. Can co-living space become the real solution for millennials housing crisis? Of course, a single factor can solve a complicated problem but it can be a good start.