Whether or not it's a good biz, Co-Living may be starting to disrupt the mrkt for large apts. 3+ beds generally rent to families and groups of roommates. CL doesn't affect the former. But, given the choice not to be joint/severally liable, roomies may increasingly opt for CL.
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Replying to @moseskagan
Molson Hart Retweeted Molson Hart
I think coliving is a better business model than coworking.
@avespolihttps://twitter.com/Molson_Hart/status/1230151034120626179 …Molson Hart added,
Molson Hart @Molson_HartEveryone disses wework and regus for having bad business modes. “Asset-liability mismatch” they say smugly, referring to the long-term lease they sign to get short term monthly rents. Buying a building on a 15 year loan and then renting it out 1-3 year leases is the same thing!Show this thread1 reply 0 retweets 0 likes -
Replying to @Molson_Hart @avespoli
Think that's true. But, again, only the management model. The master lease model is going to be a smoking hole in the ground
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Replying to @moseskagan @avespoli
One thing is for certain. The guys who own the properties and choose to do co-living in them have a really big advantage vs. the guys who lease and then sub-lease coliving. No doubt about that. So, in the long-term, agree with you.
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Same goes for those rent to airbnb people. Separate point: hope VRBO mounts some competition.
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