TFK Capitalist Pigs Thread


#1983

Sell, Sell, Sell
No dead cats left to bounce


#1984

I see WeWork has taken another building on Harcourt Road at €60 per square foot. Bonkers.

Can someone explain their business model to me? I really can’t understand how it’s sustainable. They must charge an absolute fortune?

Also, I’d say the place is full of wankers working on their “start-ups”, wearing hoodies, working on their MacBooks, drinking coffee.


#1985

They wouldn’t have much refit costs or lag between tenancies as it is so flexible I guess. As long as there’s a buyont commercial real estate market then don’t see why they can’t do well?

People like to work from home but this is kind of proof in a way that offices are not going to way of the dodo. We are social creatures.


#1986

It’s a fancy office for small companies. That’s about it. You can also travel to any of their other offices around the world say you were in business in China or whatever and use them. A load of programmers or that type of free lance work are travelling around the world while using these places as a version of backpacking


#1987

Or you could hog half of a coffee shop for the day every day like a complete and utter wanker.


#1988

There was a film about that.

It’s tolerated in the US, drop an extra 50c or dollar and they’ll refill your cup for the day.


#1989

WeWank . A cowanking wank space. A desk is €470 per month. Pretty pricey…


#1990

The rugby school crowd will be all over that.


#1991

I think it’s pretty expensive to use, cheapest option being around €300 a month


#1992

That’s less than 14 quid a day which is fuck all really. Most of the lads in there would be on 400 to 1k a day.


#1993

And just think of the networking opportunities


#1994

Exactly. Cheap at twice the price.


#1995

That’s it. It’s great in a buoyant market but surely once there’s any sort of downturn they’ll be the first to suffer.

The FT’s Big Read is about them today, I’ll have a read tonight and report back.


#1996

You think?


#1997

I remember back in the days of internet cafes, fellas just casually watching porn for hours, with not a care who saw them, man, woman, or childer.


#1998

At the same time though, if things do go down then people might be looking to get more flexible with overheads rather than fixed lease terms.


#1999

And tax deductible


#2000

When farming fails in 7 years I’m filling the sheds with hot desks. The novelty of writing code whilst filling your nostrils with aging slurry gas won’t be lost on these freaks.


#2001

Agri-sheek offices


#2002

you could serve lunch on sheets of galvanise and use bales as seats. Would tie in with the Bunsen burger joint hipster shit these days…
Would be like the “leccy picky”…