Description: With housing prices sky-high in some urban areas, communal living of a sort is making a comeback. Author Diana Lind argues these points in her work Brave New Home: Our Future in Smarter, Simpler, Happier Housing. Lind notes that the notion of having our own space is relatively recent. With shrinking households, sharing living space and building community may be an appealing option.
Date: April 8, 2021
1) What do you think of the concepts explored in the article? Are there students at your university who might already be living in the type of accommodations discussed in this article?
2) As you look ahead to graduation, could you see yourself having an interest in some type of shared arrangement to help control costs and to share responsibilities?
3) Pages 7-25 through 7-27 of Wiley’s Financial Accounting: Tools for Business Decision-Making, provide a number of important principles for cash management. Thinking back to question 2, which of these principles might you adopt as you structure your personal finances post-graduation?