Robert Besser
06 May 2022, 21:29 GMT+10
PALO ALTO, California: Due to greatly increasing rents in the San Francisco Bay Area, Silicon Valley is trying a new concept: small, individual pods to rent in a shared house with a common kitchen and other spaces.
While the monthly rent for a three-bedroom, two-bath house in Palo Alto reaching $6,000 to $8,000, residents will pay $800 per month for individual pods, which are a bit larger than a twin bed.
"Our pods are actually eight feet tall, so it gives enough room for bigger people and also some wiggle room, so they're not like the Japanese capsules. They're a bit larger," said Brownstone Shared Housing Co-Founder Christina Lennox, as reported by ABC News.
The pods are outfitted with a temperature-controlled fan, lighting, a fold-down desk and whatever personal touches renter choose to add.
Lennox and partner James Stallworth wanted to address the need for affordable housing. Unlike New York, Palo Alto does not set a limit on the number of renters in a single-family home. They also found a cooperative landlord.
"We told them about our concept and the benefits of it and how it would help people, and the landlord was interested," Stallworth said.
All of the residents, who are mostly starting new jobs or working as interns, are in their 20's.
"For me, I don't need a big space. At night when I go to sleep, I need just one bed," said tennant Luis Alsonso, according to ABC News.
Get a daily dose of Taiwan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Taiwan Sun.
More InformationSEATTLE, Washington: As Americans are continuing to spend and store memberships remain largely intact amidst surging inflation, Costco is expected ...
LOS ANGELES, California: As people are again leaving their homes to go shopping following the easing of COVID-19 restrictions, Amazon.com ...
LONDON, England: The UK's Competition and Markets Authority has launched its second investigation into the advertising sales practices of Google.According ...
LONDON, England: UK officials are expected to approve a request by Shell Oil to develop a North Sea gas field, ...
MADRID, Spain: Hotels in Spain are seeing a rebound in tourism, increasing their rates by 36 percent in April over ...
NEW YORK, New York - U.S. stocks raced ahead on Friday, with technology shares leading the way on signs inflation ...
TIRANA, Albania - Albania has offered NATO the Pashaliman naval base, 110 miles south of the capital Tirana, as "an ...
MILAN, Italy: Prosecutors in Milan are seeking a six year prison term for former Italian prime minister Silvio Berlusconi for ...
BUCHAREST, Romania: Romania's defense ministry has said that it will continue flying its remaining MiG-21 Lancer fighter jets until May ...
TIRANA, Albania: Following violent clashes between Dutch and Italian fans and the police ahead of this week's Europa Conference League ...
TOKYO, Japan: A new high-density electric battery developed in Japan has the potential to power electric airplanes, according to industry ...
ATHENS, Greece: After a sharp increase in attempted entries by migrants through its Aegean islands and land border with Turkey ...