This week’s episode is all about co-living, or shared housing! Derek Baker and I chat about what co-living is, how it differs from a traditional roomie or hostel situation, its benefits and drawbacks, how to determine if this is a living situation that is right for you, and find a place that is right for you. We also talk about how it looks like in a Covid environment, and Derek’s upcoming co-living plans (on a shoestring budget!)
I’ve always been curious about what the future would look like with regard to more of a sharing economy. There is a lack of affordable housing in major cities across North America, and along with that, people are feeling more isolated now, despite living amongst so many other people. Living in a space with others who are like-minded and share similar values would be a great way to make new connections without the hassle of having everyone on the same lease. Would co-living be the answer to this? As we chatted, I’ve become more convinced of the model.
- The co-living principle is shared living with the intent of creating intentional community and bringing together people with similar values and goals. Think urban hippie commune, but more luxurious.
- It is a great option for remote workers or digital nomads who want to have flexible living terms and travel – leases are typically one to three months in length, so you’re not tied down to one location for long periods of time.
- Co-living is a great option to reduce living costs in high cost of living cities and still have access to a comfortable living space with amenities. For example, linens are included as well as weekly professional cleaning of the common areas.
- There are private room and shared room options. The shared room options may differ but think upgraded hostel bunk beds.
- This is also a great option to travel for longer periods of time internationally. China and India have growing co-living communities, enabling you to stay in cities for longer than a few days or weeks, while still having the benefits of hostels (events, meeting people, location, etc.)
- Find co-living spaces through search engines that specialize in long-term stays such as:
Check out Derek’s blogFreedom Coliving
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