This Bunk Bed is $1,200... a MONTH!

The latest hip, overpriced trend has arrived on the West Coast! But it's probably not what you'd expect.

A company called PodShare sets up subscribers with places to sleep in Los Angeles and San Francisco, charging as much as $1,200 per month. While that might sound like a good deal, it should be noted that the "pod" in "PodShare" refers to a bed -- specifically, a bunk bed.

For $1,200, a renter gets part of a bunk bed in a dorm-style room with several other strangers. Also included in the "deal" is a locker, a tiny TV in each pod, and access to wifi. And, of course, the opportunity to become intimately familiar with a group of complete strangers!

Podster Stephen T. Johnson, 27, says he believes the arrangement is the way of the future.

"I think anyone that's staying in arrangements like this is just early to a new form of housing," Johnson says. "There's so many different living arrangements and I think this will just be one of the available options to everyone in the future."

Would you be comfortable living openly with strangers?

Check out all of the details on CNN.

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