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If the business model for CaaStle does not work out, but I can accurately predict when they will go out of business, should I sign up to rent a bunch of stuff t
by mherdeg 7y ago
If the business model for CaaStle does not work out, but I can accurately predict when they will go out of business, should I sign up to rent a bunch of stuff that month and hope I get to keep it after the shutdown?
- danhak 7y agoPresumably those assets would belong to the company’s creditors.
- bsder 7y agoI'd imagine collecting it would be more than the furniture would be worth. It's not like they're going to be renting you luxury goods on the cheap. (Although, if they can get VC money to subsidize renting stuff below cost ... I smell a unicorn ...)
- anbop 7y agoSure, but don’t underestimate the appetite of VCs to keep funding these businesses, leaving you renting a lamp for $20/month or whatever.
- iscrewyou 7y agoAnd after they extract a $100 for the lamp, sure, you can keep it if we go under.
- jijji 7y agoi was evicting some tenants who had a brand new bed from rent-a-center, and the guys came to pick it up.... one of them forgot his hex screw driver, and called into the manager to say he "saw bed bugs" and then they gave the guy the bed for free -- actually i wound up taking it, but i think if u say "bed bugs" when it comes to those beds, all of a sudden they dont want it back (no it didnt have bed bugs)
- maccard 7y agoI returned a mattress under one of those 90 day "no questions asked" return policies, and when they came to pick it up they said because it wasn't in the plastic wrapping that they wouldn't lift it, but they'd deliver my new mattress and mark the old one as disposed.