Sure, it can be a great arrangement. It will slow down his dating prospects though, who can host if a relationship gets serious is a common discussion in dating.
Dating for the 18-21 cohort, outside of the university setting, is already very challenging. Truth be told, some of the women my son has dated in this cohort also live at home.
Multigenerational households are the default in many countries/cultures with many young adults - even high earning ones like doctors, hedge funders, or FAANG SWEs -continuing to live with their parents until marriage. They manage to get in relationships and date just fine. The logistics can be different of course.