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People Paying $1,200 A Month To Rent Beds!

It’s no secret that rents can get out of control in some big cities, and things have gotten so bad that folks are resorting to renting out just a bed, and it’s costing a pretty penny.

Podshare is a company that rents dormitory-style living arrangements in big cities where affordable housing is hard to find, like Los Angeles and San Francisco. For a set fee of $1,200 a month, members can rent a pod for their lodging, which comes with a bed, a locker, access to Wi-Fi, a shelf and a personal TV. They’ll also get to meet fellow residents, and are supplied with foods like cereal and ramen, as well as toiletries.

While this may sound outrageous to some, others find the arrangement beneficial, with one person noting that it’s a better option then being stuck signing a lease for a tiny rental. Another bonus that makes Podshares desirable is that you don’t have as many requirements as you would have if you wanted to rent an apartment. For example, there’s no need for first and last month’s rent, or a good credit score, proof of employment, etc.

Right now there are six locations in Los Angeles and one in San Francisco, but Podshare founder Elvina Beck has dreams of going global with her idea. “The goal is to empower the global citizen and live anywhere across the world for one monthly price,” she says. “A $1,000 a month [membership] should get you a chance to live from here to Taiwan back to Boston. You cover the flight and we'll cover the housing. It's all included."

Source:CNN


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