Directions: For each blank in the following passage there are four words or phrases marked A, B, C and D. Fill in each blank with the word or phrase that best fits the context.
For years, life went something like this; We'd grow up in one place, head off to college, then find a city to live in for a few years to pursue a job or higher education. The end goal was to find somewhere to 1 for the long trip, buy a house, make a few friends, start a family, and begin the whole 2 all over again.
But a new model for living is emerging; Some people are increasingly choosing to move from city to city throughout their entire lives, sometimes as 3 as every month.
Just ask Alex Chatzielefteriou, who has had a front -row seat watching this evolution 4 and believes in the huge impact it is making or will make on the industry concerned. Six years ago, he 5 a start-up which is now called Blue-ground that rents out beautiful designed, 6 apartments for a month at a time, at rates that are cheaper than hotels. Today, the company has 3,000 7 in six U. S. cities, along with Dubai, Istanbul, London, Paris, and Alex's native Athens, and a staff of 400. The company just 8 $50 million in Series B funding, bring its total investment to $78 million, to continue its repaid 9 It hopes to have 50,000 estates in 50 cities over the next three years, and the goal is to make each one feel unique and comfortable, rather than 10 ,like what you might find in a traditional hotel.
Alex first came up with the idea for Blue-ground while he was working as a management consultant for McKinsey. "The 11 of choice for consultants is the hotel," he says. "I had to spend five years in a hotel room, 12 in twelve different cities. I loved seeing the world, but I didn't love feeling like I didn't have a home." As he spoke to his friends and coworkers, he realized that many people buried themselves in 13 due to this drifting lifestyle that meant living gout of a suitcase in the same few non-descript hotel chains that all began to mix together rather than in the "home" full of their own memories.
14 , Alex found the hotels aren't particularly cost-effective solution for companies, either. 15 , McKinsey sometimes paid $10,000 or more for him to stay in a major city for a month, which was far more expensive than local rents.
Is this new living model something that will really take off? Or is it just another flash in the pan? Let's wait and see.
