Co-living is the latest trend to come out of the sharing economy, but the concept isn't completely new despite the exploding popularity.
It appears that owning a home in the suburbs is no longer the hallmark of adulthood for most people.
As more people migrate to urban hubs and city centres, some millennials are opting to live in housing cooperatives.
Cape Town Cribs is an example of a co-living business that is thriving in the Mother City.
Business director Sloane Dercksen explains why co-living is better than the traditional notion of communal living.
Cape Town Cribs is trying to bring in co-living houses that enable sustainable lifestyles through sharing and efficient use of resources and space.— Sloane Dercksen, director at Cape Town Cribs
You share the house with other people, and travellers. You're amongst a variety of different cultures and nationalities at all times.— Sloane Dercksen, director at Cape Town Cribs
You share the kitchen space, the fridge, toilet facilities.— Sloane Dercksen, director at Cape Town Cribs
Listen to the discussion on The John Maytham Show: