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Real Estate. So many quirky things are viable when there's cheaper rent, cheap buying opportunities, or underutilized space. If I could buy space for $150/sq ft
by mdasen 3y ago
Real Estate. So many quirky things are viable when there's cheaper rent, cheap buying opportunities, or underutilized space. If I could buy space for $150/sq ft, I might have some extra cash, like the idea of investing in real estate, and like the idea of having a cool community hackerspace. If it's going to cost me $1,000/sq ft, I'm barely going to be able to afford the space I want to live in. If a group of us can rent at cheap prices we're saving money on our housing and paying for a shared second space doesn't cost that much.
Over the past 15 years or so, property prices have soared in so many cities. It really makes it hard to afford space for quirky things. There are certainly plenty of examples of ones that still exist and enough determination and you can still make things happen, but I think the rising cost of real estate is putting a damper on things like this.
- mistrial9 3y agoSF Bay Area checking in
- deleted 3y ago[deleted]
- getwiththeprog 3y agoCommunity spaces are always on the move. So I don't think it's rent so much as the core members not keeping up with the inevitable need to move on. One I used to attend now gets space from a University http://hackerspace-adelaide.org.au/ http://hackerspace-adelaide.org.au/ There are lots of community spaces if people can find and network with them. But it takes work and dedication. Money is nearly always a second. The first hack group I fell in with (2600) met in a restaurant, and it worked and evolved into other groups including a hackerspace.
- rapjr9 3y agoSo now that commercial real estate is being underutilized due to work from home does that mean the hackerspaces and artist collectives will return due to cheap real estate prices?
- ja27 3y agoA big lesson from running a hackerspace is that you can't apply logic like that to commercial real estate. They'll let it sit empty for ten years rather than reduce the price.