Last year I was looking into possibly moving to LA. A few friends of mine had done the same and were enjoying their experience in co-living arrangements. If you're not familiar, co-living is usually just sharing a furnished apartment with strangers in a larger home that is managed by a company.
One of the co-living companies in LA is called Starcity. I was just checking up on their rent prices and found out they're offering a low-threshold
investment opportunity in a new project in San Fransisco...
Do you think they're doing this because they're having trouble securing traditional funding? I love the concept as a consumer, I think it's particularly compelling given the 50% affordable housing plan that they have, and I'm tempted to gamble a little here just because I have no other adventurous investments.
What do you think?
Edit to add... It seems I can't get in on it even if I wanted to :) investors must be "accredited" which apparently means >$1M net worth excluding your home, or >$200K income two years in a row.