Housing Idea (Life After College)

College Confidential Community
1

Since a majority of college graduates have an abundance of student loan debt, why not create a housing plan that’ll benefit them financially after graduating college.

This idea will create apartment complexes that replicate college dorms/suites. However, this housing plan will include the following:

  1. Separate bed, bath, and kitchen rooms for each individual.
  2. The choice of a single, double, triple, or quadruple suite.
  3. The rent will include everything from water to electricity, along with monthly rent payment shared between each roommate/couple.

Single = $300 a month) Double = $600 a month) Triple = $900 a month) Quadruple = $1200 a month)

Even though this may not be the most effective living situation for landlords to deal with, just imagine how much profit this housing plan could generate, depending on the amount of individuals living in these apartments.

2

Edit: These individuals will only be allowed to live in this complex for a total of 5 years (temporary housing)

3

This plan may not be financially feasible in major US cities–which is where most of the jobs are located.

Also, your proposed pricing makes no sense. Singles should be more expensive than one’s share for a double, triple, or quad as kitchens are expensive.

4

Will this be in a warm climate by the ocean?

So living co-ops do exist according to my daughter. I have never looked into them. https://www.chicagotribune.com/redeye/ct-redeye-xpm-2014-02-11-47278290-story.html

Just found that quickly. I have also heard of this dorm life after college concept before. I actually like. Think it could be kinda cool actually if done correctly and people were vetted properly.

I have heard that at some CS job in California some well known guy puts up like 10 new employees in a house for low cost to let them save money and supposedly it’s in a great area so it’s like a no branier to do.

5

Recently read of a co-op in the Silicon Valley area for young recent grads making in the area of $90,000 per year. If I recall correctly, each of the 10 residents of the house were paying about $1,800–$1,900 per month & had very little private space.