WeWork, the co-working real estate startup valued north of 4.47€ billion, is launching WeLive, a residential rental building that offers flexible renting and a nicely packaged set of amenities.
So, i was wondering if something like this could work in Lagos ? folks can rent however they want, with the freedom of a month-to-month agreement.
The space could be attractive to people just graduating from universities / bachelorš …
Whats ya take?
The major caveat I see here is getting the real estate owners to adjust. I think you might have more success with the more upscale real estate that with the regular ones.
Please work on this. God, in his infinite power, is your strength. I hate long term rentals. I’m willing to pay N50,000 a month for a N500,000/year apartment. As long as I can move in my 4th month if I so wish.
I’m pretty sure @iaboyeji mentioned someone getting ready to test this on Twitter. I can’t find the tweet now but maybe he’ll pop in and share.
@lordbanks dropped a url sometime ago as well. I dropped my information. Nothing yet from them.
Yep and its http://fibre.ng/
Yes I have it on good authority that fiber’s first 24 spots are good to go…
We are waiting for their email o. Ese.
we had similar discussions here on radar a while back (looking for the Link) on how to reduce apartment costs. That day, I in the spirit of goodwill, repurposed a domain I had for a long time and an app I built for finding roommates in my university, for radar - http://irentaway.com …
.But unfortunately, some humans on radar attacked that thread that I am
promoting my stuff. For my mind, na me find wahala.
Surprisingly, even though most radarians dissed that idea, the app is seeing strong engagement and its unsupported so I am basically surprised which shows people sincerely want to reduce their rentals.
Seriously, Welive is a good idea but even in the West, many are skeptic on its workability and it basically involves having flatmates e.t.c A competitor (can’t remember the name)
recently shut down the other day.
Welive can work in Nigeria, if you can get people to own the flats. Kind of like an Airbnb for flats. So if I have a flat that’s costs me #500k/annum, you pay me #25k for every month you live there and we both mind our businesses. Then the company takes a “connection commission”.
@wyko what do you think about this new twist?