Dorms for Adults? Venture Capital's Answer to High-Priced Housing #realestate #finances

Source:  Wall St. Journal

As big cities across the country deal with major housing affordability issues, a handful of smaller startups are experimenting with "co-living," a concept that involves tiny apartments, shared kitchens and lounges, and a communal atmosphere.  Due to strong demand for housing, financial backers for this idea include Fidelity Investments and consumer-focused venture-capital fund Maveron, both of which are betting on hyper-fast expansion and startup-like profit.  Venture capitalists seem to hope that 20-something residents moving to new cities will pay a premium to live in clusters of small apartments packed with peers in similar places in their lives.  Residents are expected to pay $1,800 a month to live in what is essentially an upscale college dorm or a retirement home for the young.

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