$700 for a bed? San Francisco startup plots 'sleeping pod' expansion
5 days ago
- #san-francisco
- #affordable-housing
- #startup
- Brownstone Shared Housing, a startup, is expanding in San Francisco with a new building to house up to 400 sleeping pods.
- Each pod costs $700/month, includes a twin bed, and offers shared kitchen, bathroom, and workspace access.
- The median rent in San Francisco is $3,065, making the pods an affordable alternative.
- Brownstone faced an eviction lawsuit over unpaid rent but resolved it and continues operations.
- High demand for cheap housing reflects San Francisco's affordability crisis, with rents rising 12.2% year-on-year.
- The AI boom is driving wealthy founders into the housing market, squeezing middle-class workers further.