Why do modern people prefer Coliving to other housing options?


27 October 2021

Real Estate


We have often been told that more of us will live in cities and that cities will be bigger. But what we have not seen is how this will happen.

While there is a growing awareness among the public, politicians, developers, and architects about the need to improve living conditions in cities, little is being done. Coliving is still a new concept, but the fast-growing Coliving industry aims to redefine the way we live. Coliving offers shared living spaces, sharing kitchen facilities, sharing laundry, and cleaning services. The potential cost savings are significant, although the initial start-up costs are high.

Living in smaller spaces is a cultural norm in the affluent West. But until recently, people in most developing countries had few options beyond informal settlements or slums. Now, thanks to urbanization, millions of people are leaving rural areas and moving into cities.

Urbanization is speeding up in Asia, Africa, and Latin America, but the trend has been visible in developed countries, too. In 1960, 70 percent of the world lived in cities; by 2050, it will be 75 percent. Read this blog content about coliving from sharedeasy.club.

History of coliving

History of coliving

In the 1950s, we began to think of space as a commodity. At first, we thought of it as a commodity to be bought and sold, like a plot of land or a building.

Then, we came to think of it as a utility, like electricity or water. Then, as the idea of sustainability grew, people began to think of space as a vital resource.

Finally, in the 21st century, we came to think of space as a service. That is, a space is a service, like a utility, that provides shelter, privacy, and community.

Co-living also falls under a relatively new concept of Housing as a service. It is disrupting the way we screen, monitor, and select housing. Co-living is seen as a promising potential from industry experts from different market leaders as the real estate developers, hospitality companies, and investment community. Big names in the retail- and automotive industry are adding co-living to their portfolios.

Related Reads: Smaller Apartment Downsizing Hacks

Coliving benefits

Coliving benefits

SharedEasy launches its new spaces which is an innovation lab based in New York. Here are some main benefits of coliving:

  • Co-living spaces are breaking free of traditional housing models. They provide living spaces with shared amenities, such as gyms, cafeterias, and common areas. Co-living spaces are often in buildings with 100 to 400 rooms.
  • Co-living is not a new trend, but a new business model, with unprecedented demand.
  • Co-living spaces offer more than just a place to sleep. They provide shared amenities like gyms and cafeterias.
  • Co-living spaces are viewed as an alternative to conventional housing, either because of cost or lifestyle issues.
  • Co-living spaces are growing in popularity. An increasing number of millennials are choosing these spaces over conventional homes.

Urbanization brings with it many benefits. But rapid urbanization also brings with it many new problems. Often, people are priced out of the housing market. They are forced to live in informal settlements or slums. They lack adequate access to infrastructures such as water and sanitation. And because of the strain on city infrastructure, cities are left vulnerable during natural disasters.

“Build it and they will come” is a noble sentiment. But it doesn’t work in practice.

Related Reads: Property Investment Worths

Coliving in practice

Housing is a basic human right. For most of us, our housing is the biggest single expense we have every month. But building housing is expensive. Many cities are at or very near their historic peak population levels.

The East Coast already has more housing than it can reasonably absorb, with the result being that half the population cannot reasonably afford a home. And California, which has experienced a spectacular population boom in recent decades, has a serious housing shortage.

Insufficient housing is one reason why young people, especially, are leaving cities for the suburbs. By some estimates, 30% of young people between the ages of 18 and 34 live with their parents, compared to 7% of older people.

Co-living is a response to this problem. It’s a way of living that takes advantage of the economies of scale in housing.

Instead of people having to buy or rent their own house, they live together. In a normal house, people generally have private rooms, but in co-living arrangements, they share a bathroom and a kitchen.

Co-living has many advantages. Now people can live near their best neighbors, and they can also share costs. And they do not have to be locked into a long-term contract with a landlord. But it also has some disadvantages. First, co-living is not for everybody.

Some people want privacy. For these people, co-living is probably not a good idea. Second, the co-living companies need to manage a large number of people, and this requires a lot of staff. This is a considerable expense.

But most importantly, co-living does not solve the fundamental problem. We need to build a lot more housing.

Why is coliving preferred by millennials?

Co-living, in this sense, is an evolution of what millennials have come to think of as normal: a communal living arrangement that mirrors the way social media functions.

It’s both social and intimate, it’s both private and communal. And it’s a community where members do not compete with one another for space; instead, they collaborate, sharing common spaces and amenities, from kitchens and living rooms to bedrooms and bathrooms.


Co-living in particular is the logical consequence of sharing everything online. The idea of shared living spaces has been around for quite a while. The Victorian fascination with communal living and with communal service — the belief that community was the key to happiness — was reflected in the rise of the boarding house and the shared house.

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Flipping Houses

Real Estate Syracuse NY Investment: Flipping Houses

The real estate business is undoubtedly a booming sector. Whether you’re buying properties as an investment or selling properties for profit, you can definitely earn some real big buck in the business. There’s another way of earning in real estate, though, and that is flipping houses. What Is Flipping Houses? This is a practice in the real estate industry wherein one buys a property at a low price and sells it at a high price, so profit is gained. Those who are seasoned in the business say that gaining large profit in flipping houses does not happen overnight and in one transaction. The flipping business is a number’s game; the more houses you flip, the more profit you get. Two Kinds of Flipping: Fix and flip: This is the common flipping that people know of. This requires a good sum of capital as you buy a house and then do some fixes before you sell it at a higher price. After fixing the house, if you’re not a broker yourself, you’ll then hire a professional broker like those from CNY Realtor to make sure that you get the best value out of your flipping investment.   Nontraditional flipping or flipping of contracts: Even if you don’t have the funds or a good credit score to borrow a large sum of money, you can still engage in flipping. There are two important persons that you need to have though: A cash buyer who will purchase your property right away for a fast returnWhere to find your cash buyers? You can check your connections if you’ve got some rich friends who are willing to invest. You can employ online marketing strategies to attract cash buyers. You can check your local registry as to who made cash purchases for the past 30–90 days and then contact them one by one regarding your property on sale. A motivated seller who is willing to sell his or her property at a low priceClues to look out for in finding a motivated seller: In checking online, look out for keywords on postings such as “urgent sale,” “below market value,” or “for urgent disposal.” Check properties under some type of lien, for instance, tax lien. Take some time to drive through a specific neighborhood, and look out for a messy front yard and empty houses. Whichever of the two you’ll be doing, you must carefully execute these three to make money in flipping houses: Choose the hottest locations: Don’t limit yourself in your area. Check for locations where buyers are currently flocking in buying properties. For flipping purposes, it’s not advisable to go with highly urbanized locations if you’re still starting as it will cost you a fortune. Consider these viable locations when flipping: Counties with recent developments Beach areas with scenic potential Small cities near highly commercialized ones Know the average price of the property: We’re not only talking here of the price you’ll be paying for the property but how much the cash buyer is willing to pay for it. You need to know the right price for yourself and the buyer, so your property gets sold and you’ll earn. Follow these to check the average price on various markets: Get the cash transactions in the past 30 days in the area where you’re eyeing to buy a property. Check out some websites that can help you determine the retail prices. Compare the retail prices provided and identify the average gap. The average gap is the amount you’ll use to know how much you’ll mark upon the property as it’s around that estimated price other buyers have purchased their properties on. Pick the right property: Once you have already picked your location and you already know how to calculate the price gap, this is the crucial part. Choosing the right property can make or break your flipping. How to look for properties in your chosen location? Browse the MLS. Check listing websites. Talk to people in the area. Check out houses that may be repossessed. Earning in real estate flipping does not only involve a startup capital. It needs a proper strategy and critical thinking; money alone can take you nowhere. Grow your connections, do your homework, and exert extra effort in finding the right property to flip – the right mix of these can help your success in the flipping business. Read Also: How Real Estate Factors Into Business Decisions Finding The Best Mortgage Lenders To Buy Your Dream House


We Buy Houses: Don’t Build Without Permits

If you have ever spent any time at the building permit office, then you probably understand how big of a headache it can be. Even if you are just wanting to make a small home update, you probably found yourself questioning, why do I need a permit for that? Why is it so expensive? The permits themselves are very expensive and that doesn't take into consideration the repair cost on top of that. If you have thought about starting major home renovations without having the proper permits, then you should certainly reconsider. If you are starting these home renovations because you are looking to sell your house, then I would recommend selling your home to a cash home buyer instead and saving thousands of dollars and eliminating headaches altogether. If you attempt to sell your property and you have completed repairs without a permit then there could be a lasting impact if a home inspector finds out. If that does become the case and an inspector sees that you have completed non-permitted repairs, then its as if you purchased a home without a salvaged title. Sure you have a home, but because you didn't get the permit, you did more damage than good and could be forced to sell for much lower than market value as this is a huge red flag for buyers. There could also be huge fines associated with unpermitted work. These fines are always much higher than the cost of the actual permit, thus incentivizing people to get permits. Even if you think you won't get caught, the drawbacks and fines just aren’t worth the risk. In fact, if you are in the middle of the construction and an inspector requests to see your permit, you must be able to provide it on hand or they will order you to completely stop construction. At this point, you risk having an open house or the city demanding that all unauthorized work be demolished. If it has come to this point that the cost of the permit is just too much, consider selling your home for cash to a reputable home buying company. Read also: How to Buy a House With No Money in the Bank The last positive of selling your home for cash is that you will have more available funds to complete your next project and you won’t have the fear of doing the work without permits. By completing a cash deal, you can use a large portion of that cash for a down payment on a new home, and still, have money left over to complete and add ons or new construction projects. Starting any type of construction without the proper permits can seem like a sneaky, cost-saving opportunity. The idea of increasing your home value is appealing to everyone, but you have to do it the right way. If you don't want to pay the permits, consider reaching out to a home buying company that will buy your house as-is. Never, under any circumstance let someone tell you that it is ok to build/remodel your home without the proper permits unless of course, they are willing to pay the fines and backlash that may come afterward. Read More: 6 Expert Tips For Finding The Right Home To Buy Buying Or Selling A Home In Seattle? Buying Your First Home In St. Louis Don’t Relocate Until You’ve Answered These Questions About Your New Neighborliness

Heavy Machinery

The Power Of Heavy Machinery In The Construction Industry

Construction is on the rise across the United States. From single-family homes and apartment complexes to commercial projects, reports show that construction companies are going to have their work cut out for them in the years to come. Having the right equipment on hand to complete that work is the key to their success. Heavy machinery holds a great deal of power in the construction industry, making it essential for several reasons.  Effective Project Completion Being able to effectively complete projects is one of the most basic benefits of having a diverse heavy equipment supply at a construction company's disposal. Without the proper equipment for the jobs at hand, construction companies are bound to experience problems and delays. They may spend more time than necessary trying to complete tasks with inadequate equipment, which could impact their clients' timelines as well as their own profits. With the heavy machinery they need, construction crews can complete projects faster and more effectively while remaining on budget. They'll be able to use their resources more efficiently, possibly reducing labor and material costs. Each piece of machinery has the potential to improve a company's performance, productivity, and bottom line.  Cost-Effectiveness Cost-effectiveness is also a key consideration. Trying to complete a project with outdated, broken-down equipment can cause countless problems. Those include costly delays, wasted materials, increased workloads for crew members, and quality issues to name a few. Heavy machinery that's in good condition and suited to the specific requirements of a project greatly reduces those problems and the risks that come with them. It also reduces repair costs to further ramp up cost-effectiveness.  Improved Safety Safety is crucial in the construction industry. Workers are up against numerous hazards on construction sites. Using the wrong types of equipment to complete certain tasks can exacerbate those dangers. Working with equipment that's in poor condition and prone to breakdowns makes matters even worse. Having the right heavy machinery on-site reduces the risks of injuries. Equipment that's in good repair improves worker safety as well.  Versatility Having a variety of equipment on hand gives construction companies more versatility too. It allows them to accept projects with confidence that they'll be able to complete them. They won't have to limit themselves to only the projects they're equipped to handle. It also gives them the power to adapt to challenges and unexpected developments they face on the job. With the right heavy machinery in their arsenal, their projects can go smoothly no matter how many problems arise along the way. Professional Reputation Companies that have a selection of heavy machinery to work with tend to have more positive reputations as well. Those who are ill-equipped to handle certain jobs often end up with numerous complaints against them and low client satisfaction rates. On the other hand, construction companies that have the equipment they need to meet clients' expectations are more likely to develop reputations for excellence. That, in turn, can generate repeat business and draw in a steady stream of new clients.  Equipping Yourself for Success Several types of heavy machinery are available for construction companies to take advantage of. Though not all companies need every piece of equipment on the market, having an extensive selection to work with can be advantageous. It helps construction crews to complete projects more safely and effectively. It also gives them greater versatility and leads to improved cost-effectiveness. All those factors enable them to better meet clients' demands and can help bolster their professional reputations.  Read Also: Construction Safety Systems: Promoting A Safer Industry Is Prefabricated Metal The Future Of Warehouse Construction? 7 Common Construction Project Management Problems