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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 shar
by alanmeaney 11y 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.
- rm_-rf_slash 11y agoSpeaking of dating apps, the worst part about dorm life was hearing people have sex or making sure your roommate knows not to walk in when they see a sock on the door. 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.
- yarou 11y ago> Speaking of dating apps, the worst part about dorm life was hearing people have sex or making sure your roommate knows not to walk in when they see a sock on the door. Wait, what? I always thought the sock on the door was the signal to join in.
- rm_-rf_slash 11y agoThat was if the sock was under the door. You were one of those roommates, weren't you?