Grow Your Business News Trends

Can Co-Living Solve the Housing Crisis?4 min read

2 December 2021 3 min read
Avatar photo

author:

Can Co-Living Solve the Housing Crisis?4 min read

Reading Time: 3 minutes

Co-Living Part #4 (The Finale): The Big Picture

Image from Verso

Over the past few weeks, we’ve talked about how Co-Living is the future of housing for tenants. However, we never touched on whether or not it would solve the housing crisis. The housing crisis is a big problem in the world right now, and Co-Living could be the solution we’ve been looking for for so long. So obviously, this week’s question is, Can Co-Living Solve the Housing Crisis. 

Pain Points

As always, we first have to go over the Pain Points. Thankfully, there’s only one. The only pain point is that Co-Living can be very expensive. We’ve touched on this issue a lot during past blogs in the Co-Living series and determined an expensive Co-Living space is the only thing holding back the future of Co-Living. 

Expensive Living

According to Oyster Partnership, the biggest pitfall of promoting Co-Living is the price of Co-Living spaces. For example, one single room from The Collective in London costs £1,083 a month. By the way, that price is at the standard rate. No young person wants to pay that much for a Co-Living space. So the only solution for this pain point is for the cost of Co-Living areas to be lowered universally. 

So Can Co-Living Solve the Housing Crisis

The short answer to this burning question is yes, Co-Living can solve the housing crisis. According to TreeHugger, the best thing about Co-Living spaces are the amenities outside the room. These amenities include washers and dryers for your laundry, library-like quiet rooms for studying or doing work, and even excellent amenities such as movie theaters or gyms. 

How About the Actual Rooms?

The actual rooms also have excellent amenities. Most Co-Living spaces have a double bed, work desk, a TV, heating, work desks, a kitchen, and a bathroom. All of those amenities are the necessities for a Co-Living space. Below is a picture of how a room looks at The Collective, the Co-Living space in London. 

Image from TreeHugger

How Do All These Amenities Benefit Tenants?

Young people want to live in affordable housing with things that will help their everyday lives. Most Co-Living spaces fit those needs, except for The Collective, which is too expensive. According to Social Market Foundation, other ways Co-Living solves the housing crisis are lower rent, helping young people build up equity, and assisting tenants to save money. Co-Living also helps ease pressures you’d usually have living in a small property and building a community, so a tenant doesn’t feel lonely. All of these things make Co-Living the perfect option for a tenant’s next living experience. A landlord can also manage their property easily through RoomMate Estelle. It can also solve the housing crisis because all of these benefits will make people live in a Co-Living space instead of a traditional property. 

Conclusion

Co-Living can solve the housing crisis. Co-Living spaces have so many different amenities that can make a tenant’s living experience the best possible experience they’ll have. The only thing holding it back is the affordability of some Co-Living spaces. If that’s fixed, then Co-Living will solve the housing crisis. Finally, a landlord can help this movement by using RoomMate Estelle to make their lives easier to give their tenants the best experience possible in their Co-Living space. 

Avatar photo

Marketing and Design Intern
13 Comments
  1. gateio

    I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don't know much about a certain place. Can you help me?

  • 20bet

    I am currently writing a paper that is very related to your content. I read your article and I have some questions. I would like to ask you. Can you answer me? I'll keep an eye out for your reply. 20bet

  • Speedy Keto ACV Review

    Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.

  • Tree Mail

    What i do not realize is in fact how you are no longer actually much more wellfavored than you might be right now Youre very intelligent You recognize thus considerably in relation to this topic made me in my view believe it from numerous numerous angles Its like men and women are not fascinated until it is one thing to do with Lady gaga Your own stuffs excellent All the time handle it up

  • Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/ph/register?ref=GJY4VW8W

  • techtricks24h

    I do believe all the ideas youve presented for your post They are really convincing and will certainly work Nonetheless the posts are too short for novices May just you please lengthen them a little from subsequent time Thanks for the post

  • How To Create Website Audit

    How To Create Website Audit report for free ? watch this https://www.youtube.com/watch?v=CxzaJOyFnQc

  • tempmail

    thats great article..

  • Netwoth

    Thank you I have just been searching for information approximately this topic for a while and yours is the best I have found out so far However what in regards to the bottom line Are you certain concerning the supply

  • yotmail

    My cousin recommended this page to me, but no one else seems to know my concerns as well as he does, so I'm not sure whether he wrote this post. You are amazing; I appreciate you.

  • BreakMissed

    Simply desire to say your article is as surprising The clearness in your post is simply excellent and i could assume you are an expert on this subject Fine with your permission let me to grab your feed to keep up to date with forthcoming post Thanks a million and please carry on the gratifying work

  • temp mail

    I appreciate your website, however I think you might check the spelling of a few of your postings. Even though I find it quite difficult to tell the truth because so many of them have spelling errors, I will most certainly return.

  • Gluco Relief official site

    This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!

  • Leave a comment

    Your email address will not be published. Required fields are marked *