Co-Living: Shared Housing

Become a member of a housing network

Demand for housing in major cities like Los Angeles and San Francisco is at an all time high with prices continuing to climb and the lack of affordable options painfully clear. That supply isn’t increasing anytime soon with development deals taking 3–5 years with a price tag around $300k-$500k per door (“over 85% of projects in the pipeline featur[ing] a residential component … being positioned as “luxury” housing”).

Housing is unaffordable in major cities

Living with your parents?

The commitment-phobic generation of millennials have opted to crash with their parents, whether to save up some cash or due to lack of alternatives. According to the 2017 American Community Survey, approximately 39.3% of young adults between 18–34 years old in CA were living with their parents. This generation is not only postponing the responsibility that comes with the manicured lawn, they are delaying marriages, children, even owning a car.

Who is moving in & out of state?

The high price of rent is impeding people from moving in to the state and 53% of Californians are considering moving out. This is creating an environment where only those wealthy could afford to live. The Bay Area will need 660,000 new housing units to provide for an estimated 2.1 million more people who will move to the city by 2040. Stats show that people want to live in cities — last year, 82% of North America’s population lived in urban areas.

Take that leap of faith. But it may cost you $7,000

  • No roommates: If you can’t afford a private place, how are you planning to meet potential roommates before moving in?
  • No apartment: Are you comfortable paying for a place off the internet without ever seeing it or the neighborhood? What if you show up and it’s a scam or not a right fit?
  • $120-$160/night on a hotel or airbnb
  • Cheap hostel that will limit you to 14–28 nights and require an out of state license

If you can only choose 2:

Privacy vs. Cost vs. Neighborhood

  • You pay the lowest price for no privacy in a less sought after neighborhood
  • You pay a middle-range price for no privacy in a great neighborhood

Is Privacy a Privilege?

Rewind a few hundred years and you’d see that privacy is a relatively new construct. In fact, it was a luxury that few but the elite could afford until the Gilded Age with the advancement of the industrial revolution. It was only then that the mass population saw a real redistribution of wealth allowing for the lower class to get a taste of privacy. Society has never looked back. Privacy became such a norm that it is in large part considered a right and not just a choice. But where has that gotten us?

Benefits to Co-Living

The notion of sharing is neither new nor groundbreaking. But the co-living movement isn’t just about affordable rates and ramen in the cupboards. There are additional benefits of cohabitation such as safety in numbers, positive affects on mental health, faster dissemination of information (eg. earthquake warning), networking, and learning opportunities. Humans have long grouped together in clans, tribes, boarding houses, and communities. We come together in dangerous situations or protests because there is power and protection in numbers. If you are just one person trying to protect, feed and nourish yourself, it is much harder than having a community of 10 people who are all playing their part in support. This is why microfinance or “village banking” has an incredibly high repayment rate of over 97% in its worldwide network, compared to 55% of students nationally defaulting. Students are left to fend for themselves in the real world, while “it takes a village to raise a child.”

From world wide web to world wide housing

The millennial has quickly become the poster child for travel and experience spending: chase your dreams, work remotely, photograph everything, take on freelance/consulting work, travel light, and commit to as little as possible. With 4.8m Americans defining themselves as a “digital nomad” and 27% of American’s surveyed saying they plan on becoming digital nomads in the next 2–3 years, it begs the question of whether we need to form a new housing category?

If a universal housing membership was an option, travel would no longer be considered a luxury that few could afford.

Things: the notion of “mine”

“Access not ownership” means you don’t need to own one of everything if you can just borrow it. The price for toiletries average around $10 a month, hairdryer ($20), Pots/pans ($50), Printer ($100), desktop computer ($500), Adobe CC ($25/mo), TV ($750), washer/dryer ($900) — and you can’t take it all around with you.

Why buy & carry around everything you need when you can just have access to everything?

Birth of the Sharing Economy

The rise of the sharing economy stemmed out of the 2008 recession when we had to find creative ways to save and make money. Airbnb and Uber are service-based search engines with a databases of lenders and borrowers for homes and cars. Most customers have their own home and car, but are saving money by renting another person’s rather than a hotel or taxi. In this economy, regular people lend their home as a hotel and their car as a taxi to earn extra income, without any major barriers to entry.

PodShare Offers a Choice

PodShare founder, Elvina Beck, was hungry for a solution to afford living anywhere in the world. But since she couldn’t afford to travel, she resolved that people from all over the word could travel to her. In 2011, she dreamt up a sharing housing model, then invested her last dollar into building it at Hollywood/Vine. Elvina wanted to live the life of Where in the World is Carmen Sandiego alongside the diverse backstories of MTV’s real world.

Everyone should have access to housing.

PodShare was created to give everyone the chance and choice to shared housing in the heart of the most expensive cities. Not just because it’s affordable, but because it makes us more emphatic humans. The community is made up of people who collide, befriend, co-work, date, tattoo, move out, move back in, roomie up, and break down pre-conceived notions of foreign cultures.

We build affordable shared housing, with unlimited transfers and access to our network of neighborhoods, for any duration of time.