|
|
|
|
|
by alanmeaney
3748 days ago
|
|
A bit like the problem dating apps have, the more successful you are, the more churn you create. Once a group of friends come together they'll get a house share of their own instead of sharing with strangers. Probably be cheaper too. Have they modeled for high churn rates in their already thin margins? A premium service leaves your very vulnerable to the tide going out on disposable income. The co-living space will be left with higher long term leases they can no longer service. I really want to figure out a way to short services like WeWork at a 16b valuation. |
|
If I were single and working 80 hours a week so my boss's boss can make billions on an IPO while I end up with barely enough to afford a Bay Area house, then maybe I would consider these arrangements for a little while. But instead I have a girlfriend and we value certain things more than money.