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HubHaus implodes


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2020 Oct 6, 3:01pm   970 views  6 comments

by EBGuy   ➕follow (0)   💰tip   ignore  

HubHaus, like several other “co-living” startups, corporatized the long-standing tradition of group houses. It leased large houses, furnished the common areas, and then sublet bedrooms to young professionals in the Bay Area, Los Angeles and Washington, D.C. It had several hundred homes, the majority in the Bay Area.
From Bay Area co-living startup HubHaus implodes, stranding renters and homeowners
In theory, this should help lower rents (and ultimately, prices)...

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1   Al_Sharpton_for_President   2020 Oct 6, 3:20pm  

Wrong market. Should have targeted the homeless, drug addicts and violent felons. Ka-ching in SF and NYC.
2   Eric Holder   2020 Oct 6, 3:44pm  

Al_Sharpton_for_President says
Wrong market. Should have targeted the homeless, drug addicts and violent felons. Ka-ching in SF and NYC.


No shit: at $8K per bum per month it's a fucking gold mine!
3   Patrick   2020 Oct 6, 6:22pm  

“The company is unable to pay October rent,” the emails said, suggesting that landlords use security deposits to cover it.


WTF? That is so overtly illegal. Security deposits may never be used for rent. Been through this several times.
4   EBGuy   2020 Oct 6, 6:34pm  

Wonder if the the landlords get to "keep the furniture"? Thanks VCs!
6   Eric Holder   2020 Oct 7, 1:48pm  

LOL @ the date:




“The company is unable to pay October rent,” the emails said...

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