If the use case is sharing single emacs configuration ".emacs.d" directory across all users of a linux machine then this solution https://emacs.stackexchange.com/a/4258/5488 would work in most cases, but in some cases emacs tries to write temporary files to the user-emacs-directory (such as .ido.last file). In such cases if the shared config directory has write permission to all users then it will work but may not be desired solution as each system user may not want to share the same directory to store temp files. In such case the following solution will be better option.
The common shared config file .emacs.d/init.el should start with
;; should come before calling package-initialize as it will populate
;; everything under common config "~/.emacs.d/elpa"
(setq user-init-file (or load-file-name (buffer-file-name)))
(setq package-user-dir (concat (file-name-directory user-init-file) "elpa"))
Make the shared config .emacs.d have read permission to all users(need not have write permissions)
another_user $ emacs -q --load /path/to/shared/config/.emacs.d/init.el
Every user will have his own "~/.emacs.d/" directory but only used to save the temporary files but the packages and other config are loaded from the shared config directory.
.emacs.ddirectory unless you change HOME, which seems problematic to me. People have provided workarounds below, but, to me, this sounds like a very reasonable feature request for Emacs itself.
wontfixand closed in the bug tracker.