Coliving Report, May 2019

A housing crisis is raging across the United States. For decades, young professionals have been steadily migrating into the once inert urban submarkets of major cities like New York, Los Angeles and San Francisco among many others. A positive feedback loop formed between the influx of highly-educated workers and the concentration of corporate investment and job opportunities in these areas. Over the course of this past decade,
this feedback loop has heated both renter and owner housing markets. Between 40% and 50% of residents in these key markets have become cost-burdened – spending more than over 30% of their pre-tax household income on rent. Click to read more at