Could this be the next sub-trend after the explosive growth of HomeAway and Airbnb? This actually reminds me of WeLive, the sub-division within WeWork, responsible for co-living apartments, similar to that of the countless co-working environment in the country.
“Home Isn’t Where Your Mortgage Is. The question has shifted. It’s no longer how to move to L.A., Berlin, or Bali every couple of years. It’s now: how to organize life in all those locations within the same year.”
But as far as I have observed so far from the WeLive case, this actually has a negative impact or I should shall inorganic growth of our mortgage and housing market. My generation is willingly to pay or unaware that they are paying more $/square foot for these properties, therefore providing a non-linear, inorganic growth in property valuations. However, co-living, flexible living space provides more stability to the housing market than short-term rentals as these companies, including the likes of WeWork usually sign 5-10+ year-long contract with these property owners. Short-term rental markets has already forced some governments to step in and control the market as evident in Germany Berlin stops Airbnb renting apartments to tourists to protect affordable housing.
Roam is a company that takes a slightly different approach to the situation as they “want to enable a truly location-independent lifestyle and remove the need to choose a single spot in the first place. And in return give a completely new sense of home and belonging. To truly live anywhere you want and always feel at home.” As We May Live
Intersection notepad 