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by sailingparrot 1408 days ago
> technological innovation in the housing space to facilitate both social cohesion and affordability would be a very good thing.

Sure, just not one led by Adam Neumann or a16z, certainly not one led by both.

Maybe they will do something legitimately good, but from what we know of both of them, it's highly likely that they will optimize for what will increase their respective net worth as fast as possible, no matter the consequences and not for what will have the best impact on society.

And sure they don't have any obligation to optimize for social good, but you can't ask us to be excited about it.

Neumann already had bought close to 4000 apartment in January, presumably linked to this venture. So if you are somehow expecting them to come up with a solution to the affordability crisis, I think you are deluding yourself. It's far more likely that we end up with an airbnb-like for long-term stays that will continue to push the cost of the housing market ever higher, greatly enriching Neumann and a16z in the process. But hey, at least you will be able to book your place for the next 6 months right through an app with a nice UI, you won't need to line up to visit an apartment and it will even come pre-decorated WeWork-style to make you feel right at home!