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Deleted35442
Guest
^ This guy gets it. Look, the market for a conducive co-living environment for entrepreneurs does exist and there's much demand for it in places like here in NYC. Look at the success of WeWork, they do what you're proposing with office space and are taking off fast and expanding globally (supposedly leasing new office space by the week). Taking it that step further with co-living space is even more lucrative AND interestingly enough, while this might be happening in places like Silicon Valley, etc, it's starting to catch on big time here in NYC and one of the only guys starting this are called Founder's House where people are more than happy to pay $1200 a month to bunk in a room of 3 other guys in places like Dumbo, Brooklyn.
I pitched this to a very well off individual that I'm collab'ing with ($100mm net worth at least) here in NYC and he sees the value in it. Not to go completely off-topic. But if you have cash, some time, and want a part in this, hit me up.
I think I speak for every millionaire or aspiring millionaire here when I say that these guys don't really want "roommate situations" after they've made it and like to fly under the radar after that time and have their own pad. Look what approximately one month's rent at your mansion gets you for a whole year in Gramercy (Manhattan), right by Union Square Park. 3bd: https://newyork.craigslist.org/mnh/nfb/5345357230.html
As far as the value proposition for this project @iAmTrade. It's weak and you couldn't sustain this if you had even one vacancy. Your costs are way too high, your margins way too slim, and there are too many uncertainties that @JustKris @MJ DeMarco @theag and @Ubermensch addressed.
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