Compass, a real-estate-brokerage unicorn with $800 million in venture funding and a $2.2 billion “valuation,” disrupts – itself?
High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
Its fleet of autonomous cars thus far has gone the way of the Spanish Armada, producing nothing but grief.
Success means being able to choose who you work with.
The CEO is selling that $20 billion valuation to a lot of smart, rich guys. But WeWork’s entities are known as SPE’s (“Screwing Probably Expected”), and landlords will be the first to go down.
To quote Ringo Starr, “I’m certain that it happens all the time.”
The lowest hanging fruit of them all: Airbnb and its ilk.
Insider view on how to deal with the Housing Crisis in California.
“We are faced with weekly tenant bankruptcies, defaults, and requests for rent or space reductions.”
As long as local officials strangle housing starts, the mirage of affordability will be pushed further toward the distant horizon.