[phphphphp]

The problem is that you can be a well meaning person, take a bunch of capital and unintentionally cause huge problems. Look at Airbnb, for example, which is causing havoc in the rental markets of major and minor cities across the globe. Airbnb certainly didn’t set out to cause harm, and I’m sure the founders would actively argue to this day that what they’ve done is for the greater good… same with Uber.

If you accept that the markets are inherently good and the most profitable outcome is the best outcome, then it’s easy enough to look at this as a positive move… but if you see capital + technology as a force for bad when unchecked, this is just more of the same — success for Flow could come at the expense of others.

Adam’s history is one of not caring about rules or expectations, he caused significant financial harm to a lot of people with WeWork and while I am not particularly cynical about Flow, I think the cynicism from others deserves more credit — it’s not just contrarianism, the housing market is very vulnerable (see all the private equity that pushed up American house prices recently).