Creative Living

The once before reality of graduating university and moving into your first home has now become a blurred line for students. Moving back in with parents and family has now become the norm due to sky-rocket house prices. With student debt at an all time high, getting a foot into the housing market has become a game of patience for young people. How do we solve this challenge that so many of us face?

The good news is we can all still live the dream that is owning your own 6-bedroom, 3-car garage home, it may just take a little bit longer than usual. Creative innovations such as tiny homes, co-living, and rooming with the elderly, are just a few examples of how creative minds are providing opportunities in the housing market. With an open mind and a little bit of patience, these new ways of living can help us all reach our end goal of financial freedom and security.

“Business name” social venture is here to fill the gap, specifically the generation gap. “Business name” will be an intermediary platform like Airbnb that will connect renters to co-live with elderly persons. “Business name” will solely focus on matching students/new grads looking for affordable rent, with people looking for a secure extra income and an opportunity to give back to their community. Similar models have worked well in places such as Finland and can be applied to the Canadian market if executed properly. Students will live with homeowners in exchange for subsidized rent and hours of volunteer work to assist the homeowner. Both parties will be properly screened with profiles like your average dating site and their wants/needs for living together are upfront before a single bag is moved in. When two generations come together to live in harmony the rewards are much more than financial. With all the checks and balances properly in place, “Business name” will be a renter’s alternate path to financial freedom and perhaps even gain a new friend along the way.

#StudentBlog #SE400 #Innovation