$700 for a bed? San Francisco startup plots ‘sleeping pod’ expansion.

Brownstone Shared Housing, a San Francisco-based startup, has purchased a six-story building to expand its sleeping pod service. The company plans to house up to 400 pods, each costing $700 per month, offering a cheaper alternative to the city's median apartment rent of $3,065. These pods, similar to Japan's sleep capsule hotels, provide a twin-size bed and access to shared amenities like a kitchen, bathroom, and workspace. Despite facing an eviction lawsuit due to a rent payment issue, the startup has seen a surge in demand for its affordable housing solution.