This is a product brief exploring a possible path for Cabin in Fall 23.
TL;DR - a place to raise kids near friends
Background
Projects like The Neighborhood in SF, Radish in Oakland, and Fractal in NYC are demonstrating a successful model for co-housing: put out a bat signal for a small, walkable area of an existing built environment and get good people to move there. This allows people to build a network of nearby friends without needing to build a new place from scratch.
Itās a great fit for people who want to colive in major urban areas, but when people have kids, they often radically reprioritize their lives around places where they can:
- get their kids a good education
- be around other caregivers
- have a bigger house
- have safe places to play outside
This is how the suburbs were born. But suburbs designed around cars and single family homes of strangers are isolating. What would it look like to apply the lessons from The Neighborhood to family living? Could we create the schelling points that would allow us to build a new type of Suburbs for Elder Millennials?
See @Phil Levinās initial docs that inspired a lot of this content here and here
Problem space
- Core pain point for target users: 10/10
- āWhere to raise your kidsā is the single most important question for young families
- 10x better than alternatives: 5/10
- Living near friends is a huge quality of life improvement, particularly for parents, but people donāt want to leave where they already are
- Share of wallet: 10/10
- Homes & education are the most expensive things most people buy
- Feasibility of execution: 3/10
- Getting people to move their families is a very hard coordination problem
- Requires large capital allocations for real estate (institutional and/or customer)
- 3rd space & school require additional operating layers
- Using existing town infra and social networks to start makes this much easier
Location
Requirements
- Quantitative
- Housing cost: $500 - $750 / square foot
- Walkability: 600+ houses / 0.5 mile radius = 2k people / sq mi
- Housing availability: 50+ homes sold per year
- Great schools score: 7+/10
- Qualitative
- Access to nature
- Access to airports
- Access to hospital
- Palatable politics
- Positive brand
Possible locations
- California
- Alameda
- North Berkeley
- Colorado
- Salida
- Golden
- Boulder
- Longmont
- Louisville
- Grand Junction
- Durango
- Other areas
- Asheville, NC
- Austin, TX
- Bozeman, MT
- Madison, WI
- Portland, OR
- Minneapolis, MN
- Santa Fe, NM
- Boise, ID
- Salt Lake City, UT
- Chattanooga, TN
- Greenville, SC
- Black Mountain, NC
- Northern Virginia
Product
To get families to move, you need to make sure they have three things:
-
Housing
- Option 1. Become a realtor, make 3% commission representing buyers.
- Option 2. Opportunistically acquire below-market real estate for future residents, add density (ADUs, etc), possibly serve as a property manager and/or benevolent HOA with some degree of collective ownership.
-
Education
- Microschool
- Requirements
- 10-30 students (5-20 families)
- Walkable from housing (<1/2 mile)
- Cheaper than average private school ($10k / kid?)
- Better education than public school
- Start with elementary (pre-K to 5th grade)
- Pedagogy
- Single classroom across ages. Encourage cross-age teaching/learning
- Evidence based curriculum
- Self-guided exploration
- AI tutor enabled
- Learn by doing rather than learn a subject in abstract
- Lots of outside/nature time
- Business model
- Use the third space
- One full time teacher + parent help
- Also offer childcare for pre-K and after school
- Probably run at break even or a small profit
- Requirements
- Good public school options
- Maybe not strictly necessary if youāre doing a micro school, but you still want options and for the rest of the surrounding community to be educated
- Microschool
-
Third space
- A place to co-work, a place to host a dinner party, a place to stop for morning coffee, a place to work out, a place to host events. The commons will be the beating heart of the neighborhood, its town hall. Convert an extra house or existing commercial space. Maybe try to strike a development deal with the local Chamber of Commerce for creating this.
- Amenities
- Shared kitchen and dining room
- Coworking space
- Gym
- Guest rooms for visitors
- Daycare
- Hot tub/sauna/fire pit
- Workshop/art studio/makerspace
- Business model
- Charge a monthly membership fee for access. Open it up to the broader community.
Phases
- 0-1: The First Project
- Pick an ideal place
- Try to get 10 commitments to move from our existing social network
- Co-buy a 3rd space & set up a micro-school
- Buy houses & move
- 1-10: Building a repeatable model
- Create a dating app for families, IRL events to build deeper relationships, commitment-to-move signaling for specific places
- When there are 20 commitments to move with deposits, green light a project
- Set up the 3rd space & micro-school and partner with companies like Synthesis to offer online education access to all members
- Help people complete real estate transactions
- 10+: Taking on bigger development projects
- Once weāve done enough of these using existing infrastructure, we could start doing ground-up developments if we want a higher risk / reward option that can be more customized to the needs of these communities