As our population has grown, so has the cost of living. As a result, this has led to a growing problem in our nation. Recent data reports show that cities across America are battling with a shortage of affordable housing and an increase in gentrification. More than 44 million Americans are burdened by housing costs. Almost half of all renters now spend more than 30% of their income on rent. Over 25 million adults live with roommates. 43% of Americans can’t afford to buy a home. And the increase in rents is outpacing wage growth. This has led to a decrease in the standard of living for many.

As a result, we found ourselves wrestling with this question: “How can we create shared spaces where people can maintain a quality of life while lowering their living expenses?” Answering this question is where our vision and desire to make an impact began. With the cost of living increasing, we realized that this is a problem we could face head-on. We decided to think deeper and differently about how we can provide better spaces for our growing population. We wanted to be a part of the solution. And as a result, we believe Enclave Coliving is an answer.