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WeWork at it's core was a bet that 'if we lock in 30-year mortgages at market rates, office rent inflation will mean that in 2045, we will have significant cost
by RC_ITR 3y ago
WeWork at it's core was a bet that 'if we lock in 30-year mortgages at market rates, office rent inflation will mean that in 2045, we will have significant cost advantages.'
You can argue the pandemic merely accelerated remote work, so it was always probably a bad bet.