After that comes the big purchase of a single-family home.
Seeking roommates and venture capital A Crunchbase News analysis of residential-focused real estate startups uncovered a raft of companies with a shared and temporary housing focus that have raised funding in the past year or so.
By the same token, today’s shared housing startups are selling another vision.
One of the slogans for HubHaus is “rent one of our rooms and find your tribe.” Founded less than three years ago, the company now manages about 80 houses in Los Angeles and the San Francisco Bay Area, matching up roommates and planning group events.
Costs and benefits Shared housing startups are generally operating in the most expensive U.S. housing markets, so it’s difficult to categorize their offerings as cheap.
That said, the cost is typically lower than a private apartment.
At Starcity, residents pay $2,000 to $2,300 a month, all expenses included, depending on length of stay.
And housing shortages in major cities indicate there’s plenty of demand for non-Airbnb options.
At first glance, it may seem shared housing startups are scaling up at an off time.
So even if millennials age out of shared housing, demographic forecasts indicate there will plenty of twenty-somethings to rent those partitioned-off rooms.