Millennials Opting Out Of Traditional Homes, Apartments For Co-Living Spaces

LOS ANGELES (CBSLA.com) — The trend is called “co-living” – as in “togetherness”.

It’s cheap, it’s different, and some millennials are leaving mom’s and dad’s house to try this instead.

The difference between an apartment and a PodShare is no security deposit, you don’t have to pay for furnishing costs, and it’s flexible,” says Elvina Beck, CEO and founder of PodShare.

It’s that flexibility that Beck is banking on: PodShare is just one of the new co-living spaces opening up in and around L.A.

“People are giving up their apartments to go pay for experiences, not pay for houses, not pay for cars,” she said.

So how does co-living work?

In this case, you book the PodShare online, pick a location and show up.

It’s bare-bones: 50 square feet of living space, a bed and a TV, along with a bunch of new friends, since there’s no privacy and the beds all face each other.

Read more and see the video at CBSLA.com.

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