Would you ever arrange house in another person’s storage? Or let a stranger transfer in to yours?
More and extra individuals are asking, “why not?”
Let’s think about simply how onerous it’s changing into for folks to afford housing in large cities. From Berlin to Singapore to Stockholm, rents have soared. And overlook shopping for: analysis final yr confirmed that 40% of young adults in England, for example, can’t afford to buy even the cheapest homes in their area – even with only a 10% deposit.
Could dwelling in a transformed storage be a solution?
Maybe. In elements of the United States, a scarcity of inexpensive housing means storage conversions are taking off. In automotive-centric Los Angeles, for instance, 117 storage conversion permits have been issued to residents in 2016 – however in 2018, thanks to a change in the law, that quantity rocketed to 4,171.
These storage flats may signify much more than the chance for an additional stream of earnings for householders. Proponents say they may assist treatment cities’ housing issues, and even combat homelessness.