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Yeah - a dedicated desk is usually >$400/m. After taxes, this is >10% of income for >70% of the population. If Americans in cities didn't already spend >60% o
by onlyrealcuzzo 5y ago
Yeah - a dedicated desk is usually >$400/m.
After taxes, this is >10% of income for >70% of the population.
If Americans in cities didn't already spend >60% of their after tax income on rent - I could see this being more popular.
There's just not enough people that make enough money and don't work at a good company that already has nice offices for this to make sense.
I agree, in theory, WeWork is a lot better to work at than most people's apartments. I'm not convinced enough people have enough money.
- ghaff 5y agoAnd, under normal circumstances, there are libraries, coffeeshops, parks with WiFi, etc. I live in an exurban house with an office and other space but even if I lived in the ~1 hr drive city away in a studio, I'd time-slice among free/cheap working options before I'd pay $400+/month for a dedicated co-working space for myself. I could afford to do so but I wouldn't.
- paulcole 5y agoI said this in another comment but the 3-month introductory rate I got is $150/month going up to $300/month after that. The biggest advantage I’ve seen over libraries/coffeeshops is that I’m expected to be there working all day and it’s fine for me to hog a desk/space as long as I want to. I don’t have to think about whether I’m being selfish or bothering anybody else. Plus the WeWorks have really great quiet booths for phone calls which very few free/cheap options have.
- voisin 5y ago> After taxes, this is >10% of income for >70% of the population. Wouldn’t this cost be a business expense and so best compared to pre-tax income?