People who use WeWork, what’s your experience? Does it look like a thriving business to you, or a money pit? Include your location please
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Replying to @Pinboard
Makes no sense to me as commercial real estate (my father’s profession and I learned the basics) but that also describes lots of RE projects
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“Wait are you telling me you can get people to overpay for a RE holding company by attaching a sexy narrative to it? I’m shocked, shocked.”
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Note that this was basically the business model of Trump, who is basically incompetent at RE but good at branding, until brand ate biz.
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Anyhow, as a sometimes WeWork user, product is pretty fantastic. SoftBank pays for last 30% of your serviced office. What’s not to like?
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it’s a great outcome for the users, no question. Just like Blue Apron was VC subsidized faro
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