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The Property Industry Is Falling Out of Love with WeWork

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Re: The Property Industry Is Falling Out of Love with WeWork

#91

Post by a13n »

bobthepanda wrote: post #56
a13n wrote: post #43

Earlier quoted context omitted.

I don't agree that landlords can easily replicate WeWork. First of all WeWork has an incredible brand, and great processes/assets that let them run co-working spaces more profitably. Amazon seems like a counter point to your focus point too.

Do they? What exactly does WeWork offer that a landlord couldn't easily replicate? Amazon at least has the crazy logistics network. To me, WeWork sounds more like a Moviepass type situation.

I think you're drastically underestimating how hard it is to start a co-working space. Why would anyone want to work at your unheard of space instead of WeWork? How are you possibly going to attract people at even half their prices?

Re: The Property Industry Is Falling Out of Love with WeWork

#92

Post by kgwgk »

skh wrote: post #85
kortilla wrote: post #73

Earlier quoted context omitted.

Your estate is just your assets, so yes to that. Your children, not in the US. You can never involuntarily inherit debt in the US. You have to be a co-signer to begin with.

In some states for certain medical expenses family members can be forced to assume the debt.

Interesting. But strictly speaking you’re not inheriting debt. You were liable for the debt all the time.

Re: The Property Industry Is Falling Out of Love with WeWork

#93

Post by kgwgk »

a13n wrote: post #91
bobthepanda wrote: post #56

Earlier quoted context omitted.

Do they? What exactly does WeWork offer that a landlord couldn't easily replicate? Amazon at least has the crazy logistics network. To me, WeWork sounds more like a Moviepass type situation.

I think you're drastically underestimating how hard it is to start a co-working space. Why would anyone want to work at your unheard of space instead of WeWork? How are you possibly going to attract people at even half their prices?

Why would anyone want to work at WeWork at twice the price?

Re: The Property Industry Is Falling Out of Love with WeWork

#94

Post by a13n »

kgwgk wrote: post #93
a13n wrote: post #91

Earlier quoted context omitted.

I think you're drastically underestimating how hard it is to start a co-working space. Why would anyone want to work at your unheard of space instead of WeWork? How are you possibly going to attract people at even half their prices?

Why would anyone want to work at WeWork at twice the price?

Network of people working there, perks, quality, brand. Why do people do anything for twice the price?

Re: The Property Industry Is Falling Out of Love with WeWork

#95

Post by konschubert »

georgewfraser wrote: post #20
munk-a wrote: post #15

Earlier quoted context omitted.

> spend a ton renovating it to look "on-brand," Wait, why? If you're a small-medium sized company that isn't in retail (or some other business where you, as a matter of course, service customers on premises) why would you divert a significant amount of money to renovations that match your brand? If you need to meet with investors or potential employees and are that concerned about appearances then just do it offsite.

Yeah I would argue this is actually something that drives up WeWork's costs. If you're a smallish business, you'll typically find an office that's already got an acceptable look and leave it alone. But WeWork always renovates their space to a high standard, which is very expensive.

Except that their standard doesn't seem to consider acoustics at all, which is pretty insane to me.

Re: The Property Industry Is Falling Out of Love with WeWork

#96

Post by dang »

pl0x wrote: post #74
donedeals wrote: post #71

Earlier quoted context omitted.

Why would someone from wework want to outline their lack of lease liability. I don't see how anything I commented was positive or negative, I stated some facts.

Why make an account just to comment on this thread?

You're breaking the site guidelines in this thread. Please read them and stop doing that.

https://news.ycombinator.com/newsguidelines.html

Re: The Property Industry Is Falling Out of Love with WeWork

#97

Post by Animats »

rurp wrote: post #82
chimeracoder wrote: post #55

Earlier quoted context omitted.

> As the recession deepens Deepens ? We're not in a recession, and we haven't been for nearly a decade. It's true that, by historical standards, we're arguably overdue for a recession, but the word "recession" is precisely defined, and the US unambiguously does not meet the criteria for being in one.

My limited understanding is that the start of a recession is only officially recognized in hindsight. That doesn't mean we are in one, but I don't think we can necessarily say that we're not.

Yes. The usual definition is "two down quarters for GDP". So there's a six month lag. The US hasn't had a down quarter yet this year. Q3 was pretty good. We'll know about Q4 in January.

Re: The Property Industry Is Falling Out of Love with WeWork

#98

Post by conradfr »

tedivm wrote: post #51
jacquesm wrote: post #46

I absolutely hate WeWork. Due to the nature of our work we have to meet with people there in various locations, the security on-site is laughable but at the same time they make you jump through all kinds of hoops such as photographing you face-first on entry, easily defeated by blocking the camera. The facilities are noisy, distracting, totally unusable to discuss anything that is even remotely confidential and there…

Strong agree. My current company was in one for a few months before we got our own space, and it was one of the most miserable office experiences I've ever encountered. Almost everything about it sucked- * Their network was grossly misconfigured and directed traffic to the least used access point, regardless of the distance. It was a regular morning ritual for people in my office to toggle their wifi on and off repea…

I only know one WeWork in Paris but I agree that the acoustics are terrible. Basically there's not soundproofing at all. Sure, everything looks great, but I would trade that for meeting rooms with less reverberation.

Some American things are funny like free beers but don't you dare smoke a cigarette on the rooftop. Or the communal spaces that are designed in a way that kind of force you to have lunch at your desk.

Re: The Property Industry Is Falling Out of Love with WeWork

#100

Post by edanm »

jacquesm wrote: post #81
wevisit wrote: post #57

Earlier quoted context omitted.

The photograph isn’t for security, it’s to send a notification to the person you’re visiting, they don’t have a problem with you choosing not to be photographed if you’re not comfortable with it. The notification includes your name and the picture because the wework member is expected to walk into the common area and find you, which is difficult if the wework member doesn’t know what you look like!

They're not 'wework members' they are representatives of your customers aka the tenants. Somehow this problem does not appear in all the other reception areas of all the other companies in the whole bloody world. So no, it is not for the person you're visiting. Besides that, there is no consent trail for the images to begin with nor is there any indication of where they get sent, stored and who has access to them. It…

Just to counterpoint, I've been to a few (not many, but not nothing) office buildings that photograph you to put your picture on an "ID badge" that you have to have on you. I have no idea if this photo stays archived anywhere, or is only used for printing.
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