With reference to Co-living goes mainstream, but this is not roommate roulette by Diana Olick
A new housing trend called ‘co-living’ is an upgraded version of low cost living geared for young professionals. The concept of co-living works like a college dorm, complete strangers living in an apartment together with shared living spaces. The catch is every roommate has to sign their own lease so there is liability for their roommates.
The idea came from an increase of housing costs in Chicago and there was no place for two guys, Ryan Shear and Noah Gottlieb, to live so they created this new style targeted for the young professional. It gives another option for people moving to a new city who don’t want the liability of sharing a lease with a stranger but wants to meet new people. It comes with a bedroom and bathroom to yourself and a shared-furnished common area. There is also cleaning services that come and clean the common area.
Gottlieb found the demand to be stronger than expected in Chicago with average age of renters …