Co-living arrangements occur when a bunch of people choose to live together and share a common residential structure.
Although the limitations on individual freedom of expression may be perceived as a downside, the trade-off for co-op living members is the enhanced social interaction and support that can be realized in the shared residence.
People opt for this kind of living mainly because they share common interests and requirements and nobody minds sharing that extra doze of booze.
Co-living is a new take on an old idea, imagined by a millennial generation that values things like openness and collaboration, social networking, and the sharing economy. This is exactly where they are thought of as being a huge blessing for Start-ups.
A lot of start-ups are coming up with projects to make sure that you don’t have to leave home for work. That’s interesting, isn’t it?
Co-living leads to shared costs among the members of the house which is what most people look for when they look for a place to live. You give up a normal work-life balance to eliminate your commute and live with all the amenities you need nearby.
Basically it represents an option different in significant ways from the traditional model of independent living in which single individuals or couples live alone, each in a fully self-contained dwelling unit. Co-housing communities supports residents in actualizing shared values among themselves.
In the end it does not matter where you live unless you’re happy.