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It’s what I wanted to do! I was going to stay with my parents for 6 months and then get a shared office at one of these spaces, not wework but a competitor. It
by lovehashbrowns 4y ago
It’s what I wanted to do! I was going to stay with my parents for 6 months and then get a shared office at one of these spaces, not wework but a competitor. It was going to be so great, I thought.
The terms really didn’t make it fun, though. I think it was 3x monthly rent as a security deposit plus the first month’s rent. Sounds reasonable, except it was going to take something like 60 days for the security deposit to be returned. How convenient that my check for the deposit takes days but theirs takes 60 days.
All I wanted was to stay in Chicago until the real winter hit. :(
I also don’t get the insanity of charging 3x rent as a security deposit for a shared office. It’s a square box with a chair and table. How do I cause $1,800 worth of damage to that?!
- bombcar 4y agoThey’re afraid you’re realize it was a shit deal and stop paying rent I suspect. Then they can keep the deposit and try to rent it out again. The economics of all this works great on paper but very badly in real life.
- Inhibit 4y agoThat smacks of the same model as a gym membership. Sucker in a large number of marginal users and make it as onerous and hard to leave as possible under law to retain them as long as possible... that's the actual business model.