This New Startup Lets You Live Around the World—Lease-Free
Thanks to the housing crisis, homeownership feels like a losing prospect for young professionals, who are moving further and further away from the life blueprint that was embraced by their parents.
In today’s digital age, millennials are increasingly untethered by geography and require nothing more than a smartphone and a laptop to feel connected to friends and family. It’s that kind of boundless mentality that a new co-living startup, Roam, is looking to capitalize on.
Roam is a “distributed network of communal living spaces” that offers room and board to those willing to plunk down $500 per week or $1800 a month. What you get in return is a private room and bathroom, shared kitchen and living spaces, and basic amenities like laundry and Wi-Fi.
“Roam is creating a way for people to live according to their interests and curiosities, rather than around the traditional 30-year fixed-rate mortgage,” said Roam co-founder Bruno Haid.
As of now, the startup boasts properties in Madrid, Bali, and Indonesia, but as it continues to expand—its team already announced $3.3 million in seed funding—Roam plans to expand in cities like London, Miami, and Buenos Aires.
To separate himself from a traditional hotel (most of Roam’s properties are converted hotels), Haig is counting on the desire of young creatives to meet like-minded individuals in an environment conducive to productivity and inspiration.
“It’s great because it’s not a vacation,” Haid told Fortune. “It’s all people who want to work on something, whatever that is. They really want to live their life there, and they want to get up in the morning, they want to get their sh*t done, and they want to have other people they can lead an interesting life with.”
Travel in style with this Herschel Supply Co. Highland Carry-On, and let us know if Roam is something that appeals to you.