Nomadic Living Trend

Sam Parr and Shaan Puri discuss a growing trend in living arrangements where people split their time between multiple locations throughout the year, particularly focusing on longer-term stays (1-3 months) rather than traditional vacation rentals.

• Emerging Living Pattern Trend:

  • Living 9 months in one place, 3 months in another becoming more common
  • Not limited to wealthy individuals - can be done economically
  • Particularly appealing to millennials and younger professionals

• Economic Viability:

  • People can profit from this lifestyle:
    • Example: San Francisco residents subletting their apartments
    • Can make money by renting primary residence at higher rate than temporary housing costs
  • Real numbers shared by Sam:
    • His monthly costs: $4,500
    • Expected rental income: $10,000
    • Planning to live in Brooklyn July-September while renting primary residence

• Current Market Issues:

  • Airbnb fees are "prohibitively expensive" for longer stays
    • 10% fee on monthly stays adds significant cost
    • Example: $1,000 monthly fee on $10,000 rent
  • Need for solutions specifically designed for longer-term stays
  • New companies (like Landing) emerging to address this gap

• Future Outlook:

  • Both hosts believe this will become increasingly common
  • Even with constraints (like having young children), people planning to adopt this lifestyle
  • Market opportunity for companies that can solve the long-term stay problem
  • Traditional work arrangements shifting to accommodate this lifestyle