In Los Angeles and San Francisco, where prices are particularly exorbitant, people have taken to renting bunk beds in communal homes. 

PodShare, which provides 10 to 15 co-ed bunkbeds in six locations across California, is hoping to help solve the affordable housing crisis.  

The beds can be rented from $35 to $50 a night, which amounts to between $1,050 and $1500 for one month.

It's no secret that housing prices have rapidly spiked over the last decade and incomes have not kept up

One 2018 study published found that only about one-third of millennials currently own homes.

This is fewer than the number of Generation Xers and baby boomers who owned homes when they were the same age.

And a study conducted by Harvard University this year found that one-in-three Americans can't afford to pay rent.