SCAM?: Adam Neumann's BILLION Dollar Bid to "Solve Housing"

[@SkullKid467]

This isn’t even a scam… it’s a joke. It’s literally just an apartment building.

[@compugasm]

No, no no no. It's a 'vertically integrated' apartment building. They have 150 employees. See?

[@pepperonish]

No you guys it's a tech company

[@ericlow922]

No man you weren't listening… there's a frequent flyer aspect to it lol

[@jonathan7249]

There's a SUCKER born every minute.. 😂😂

[@ctormin]

Yeah but the social commerce aspect of the business is very promising and can benefit from good tech, which could also expand into real estate they don't even own.

[@kaytee1127]

Sounds like a "you will own nothing and be happy" grift.

[@KN-cool]

You'll own nothing and your landlord will be your bank 😂😂😂😂

[@marzero116]

Is this a Scam? The short answer is : Yes The Long Answers is: YYYYYYEEEEEEEEEEEEEEEEEEEEEEEESSSSSSSSSSS

[@Ho11is2Ho11ywood]

😂

[@gansitomarinela7472]

😂😂😂

[@frogprinceceo]

😂😂😂

[@IvarDaigon]

People who give neumann their money deserve to lose it.. the guy is the very definition of failing upwards.

[@sampiotrowski3840]

This is so dumb. How about we actually find solutions for average Americans.

[@Tammy-ub8kx]

Coalitions of the workforce. Good luck and walk in wisdom.

[@SixOneNiner23]

Not profitable

[@sampiotrowski3840]

@@SixOneNiner23 Not AS profitable

[@iyziejane]

Build local communities, to become less reliant on money where possible. Move out of the cities, forget about the illusory dream of high paid corporate work, resist materialism and consumerism, stop feeding the beast.

[@jonathan7249]

​@@iyziejaneso you didn't know MONEY is the biggest RELIGION, and there's no greater God than the almighty Federal Reserve GODS?? 💵💵💯💯😄😄

[@Andromeda_M31]

This Adam guy gives me the creeps.

[@anthonytwohill9726]

That's because he's creepy.

[@MsJVM]

he has mossad written all over him 😅

[@jonathan7249]

​@@anthonytwohill9726so you didn't know most people will follow narcissists/sociopaths/psychopaths which is why they have been running the show for ages?? 💯💯😄😄

[@moazim1993]

@@MsJVMHe’s from the Israeli Kibbutzim and said he’s modeling these after that. He’s literally a globalist communist.

[@tmzz3609]

IDF Ken Doll

[@goldbergbrain]

What a terrible way to live. "I never have to leave." Cult AF. Lead by a dude who's straight out of a Resident Evil game.

[@Andromeda_M31]

That's all we need. More greedy wall street and foreign investors to solve affordable housing problems.

[@uncomfortabletruth3831]

Who is going to solve it if not market demand?

[@raggedflaggon9566]

​@@uncomfortabletruth3831For the second time, not more greedy wall street investors who want to build things only to rent it out which doesn't create ownership. This is all an economic ownership issue where the ownership of assets stays in the hands of like 10 people. Basically we need regulation to decentralize the economic ownership/power.

[@jonathan7249]

​@@raggedflaggon9566so you don't like capitalism?? 😂😂 And you don't know who OWN 🇺🇸 and the West?? 😂😂😂😂

[@Platinum9951]

@@raggedflaggon9566 Correct. Land is limited supply and cannot be created. The free market cannot supply more land to meet demand. It *could* build vertically on land to create more housing supply, but whoever *owns* the land is the one who will have authority over that decision. Corporations are smart, and know that by buying up all the limited land, they can control the supply (and by extension - the price) however they wish. That's why there should be reform that decentralizes the ability to monopolize the resource.

[@chalanan]

@@jonathan7249 You lost me at Capitalism since it dies 40 years ago. You must be referring to its black sheep cousin but often confused Cronyism.......

[@nickb.235]

So Adam Neumann's scam is luxury condos with ads. Smdh.

[@KN-cool]

Blade runner but more ghetto 😂

[@nikipiulitzaable]

Basically, it's Meta implemented in the housing market. With lots of monetization opportunities and an app for data gathering.....ehm... community building!

[@alileevil]

So the way to solve America's housing crisis is for multi dollar corporations to buy up all the real estate, push the common man out of the market and then rent it out to them. 10/10 plan.

[@ved1949]

But this time its with a meditation mat in an abandoned "common" area of the apartment with vague platitudes like relax and breathe. How is this not revolutionary? Smh

[@danclark2013]

This segment literally gave no information. I still don’t understand the business model. “Loyalty points” is the least specific answer I’ve ever heard.

[@duancoviero9759]

This is a follow up to his original video. If you had paid attention before running your dumb mouth you would have caught that.

[@danclark2013]

@@duancoviero9759 jokes on you. I don’t have to open my dumb mouth to type a comment.

[@davidbranch2020]

It’s a college dorm/ tech dystopia Web 3.0 rental where the socially awkward with decent incomes can be preyed upon. It’s an imbedded marketing dream of the owner class to make your home life conform to their business model. So instead of selling you what you want they’re trying to make you want what they sell by domesticating you appropriately to those behaviors.

[@DaemonGeek]

Holy smokes. WTF are investors thinking? Fool me once, shame on you. Fool me twice, shame on me.

[@KN-cool]

Fool me can't get fooled again

[@ronnieriveros6067]

People want to be scammed. Thruout history.

[@Meitti]

Fool me Thrice actually, this the third time this guy is wasting everyone's money.

[@LTdan457]

I wish our government would ban private equity from buying up properties. If we want to actually solve housing, force private equity to liquidate their assets and ban them from owning homes. It’s fine if they want to manage them and offer that as a service, but home ownership needs to be in the hands of people, not corporations.

[@uncomfortabletruth3831]

While I agree that private equity is an issue, forced liquidation is not a good plan to change things. As we would see a flood of real estate on the market with none to pay todays market values. Home prices would of coarse crash and investors would go bankrupt. Have to find a better way to transition..

[@mrfake675]

I'd love that. F the greedy bastards

[@williamwoody7607]

@@mrfake675you really think they’d go bankrupt?The taxpayers would bail them out over and over again. This is just another way to grow too big to fail. And the point of the app is to sell you and your information. The government loves all of this because the government is CONSTRAINED BY THE CONSTITUTION from surveilling you to this extent .The further point of the app is get you to sign away all your rights when you download it without reading the fine print. I’m rather amazed these two duds never explored any of these aspects in the video.

[@buddygrimfield7954]

@@uncomfortabletruth3831 There is, regulate the shit out of these middle-men type ("tech") corporations. Tie them up in court until it becomes more profitable for them to just abandon the housing market altogether.

[@dcgregorya5434]

​@uncomfortabletruth3831 that all sounds pretty great I don't see the problem.

[@10-OSwords]

Sounds horrible. All I want in life is my neighbors to leave me the fk alone.

[@talyahr3302]

😂😂

[@Sweet..letssurf]

And no advertisements when I’m home chill’n out

[@jonathan7249]

So how many times did you VOTE?? 😂😂

[@charlespatrick8650]

💯

[@KN-cool]

​@@jonathan7249 lol I bet you're proud you voted for Biden 😂😂

[@RangeWilson]

How to become a 21st-century billionaire: wave your hands around and spout plausible-sounding nonsense. What a world...

[@jjn6914]

And be from Israel.

[@williamwoody7607]

@@jjn6914can’t wait till they take over a property and commit an undeclared war on the rest of the county. I wonder if the prospectus explicitly relies on money and weapons from the US government. Andreeson very likely holds extensive defense stocks no? Any business that includes compulsory use of an app is making money keeping you and your SPENDING on the premises.They’re selling you and information. Hardly innovative. LOL.

[@ozymandias8523]

Use the word Tech for any business, and now "AI"

[@greendude27]

Can't wait to see this guy go the way of SBF.

[@rubicon3416]

Well, he is Israeli. SBF is a cousin.

[@User-1683x2]

Early life check

[@justdummy-pr9t]

@@rubicon3416 makes sense. always the israelis who run the scam like businesses based on lies. it seems like lying is their trademark like in gaza

[@ianrowland463]

Until we’ve seen SBF serve those 25 years, I don’t believe he has paid consequences.

[@jonathan7249]

​@@rubicon3416they didn't get rich and powerful by being STUPID.. 😂😂😂

[@phillipkarpowich3437]

We will own your job, your home, your thoughts, your hopes, your dreams, and you will own nothing. But you'll be happy. Trust us.

[@tallard666]

the idea of "never have to leave" is not a "utopia", it's a dystopia!

[@RextheRebel]

Poverty and unaffordable housing is a social problem, therefore it must be solved socially. Community land trusts. A modern homestead act for families. Limiting the amount of residential property anyone can own. Banning foreign capital from purchasing land in the US. Etc

[@DK-mp2qo]

I'm curious about data privacy in this utopian apartment complex. ...I'm sick to death of big tech and their Wall Street partners monetizing human relationships. Sick. To. Death.

[@writemeyers]

Breaking Points scored a bullseye when they brought on James Li 👏🏽

[@wayward-saint]

Are you telling me that my rental costs can help maximize profit for shareholders to whom I’m a faceless number? Where do I sign up?

[@coltonmartinez1935]

So the guy who scammed Wall Street with wework is now trying to make a wework home edition? Great, nothing shady there.

[@christophercelmer405]

Never let a good crisis go to waste, every sociopath ever. Never let a lack of crises stop you from making one to profit from, every psychopath ever.

[@MartinPittBradley]

Secretive AND valued at a $1B! Finance is a parallel universe

[@marklosnick]

I credit manage a $7bn book of affordable housing debt.....this man is a scam artist and I wouldn't trust him with my car. He isn't solving shit.

[@SynthwaveDuck]

nicely put lol

[@sheagocosmetics]

James Li is my absolute favorite. Love 51-49, and again another great deep dive

[@Kehvan]

Any _'solution'_ to housing that doesn't allow contractors to build homes when and where the market demands, in fact, is a scam.

[@memesfamilyguyandtvshows]

Why not allow people build there homes wither market demands it or not

[@Kehvan]

@@memesfamilyguyandtvshows All you're doing is proving you don't understand what constitutes _"THE MARKET"._ People *are* the market, so if people want to build homes, *the market* is demanding it.

[@IndependenceCityMotoring]

Bingo. The only thing standing in the way of solving the housing crisis is the government, through restrictive zoning laws and allowing a huge population increase through illegal immigration.

[@kevinjohnston4923]

No, that’s how you ruin neighborhoods.

[@hangukhiphop]

@@Kehvan lol no

[@jonas000111]

Wonderful all the salespeople can all live together and pitch bullshit to each other 24 7 365

[@Archon-El]

Love when James Li is on!

[@Sevenduece]

How does anyone give Adam Newman money after the we work disaster? 🤔. Must be that 🇮🇱 connection 🤮🤮🤮🤮

[@Atrayus1984]

THE REHASHING OF THE "COMPANY TOWN". What absolute shit. "we never have to leave" sounds like a prison.

[@Mr1159pm]

This sounds horrible. Why would i want my landlord to control all aspects of my life? Most people want to keep distance from their landlords.

[@bobbob-gx1iq]

This is all bullshit. I know the developer, contractor, and architect and Adam Newman had almost no involvement in the making and designing of the society building. It is just a luxury apartment.

[@commonsensecraziness7595]

Neumann - bringing you will own nothing to a new level.

[@windatar6351]

This is corporations trying to figure out how to monetize people being at home. Imagine if you had to get an app on your phone when you rented somewhere and then while using that app they're forcing you to look at ads, or they're trying to create a "community" of business's that use that app to connect to each other that live in that apartment. Which means business's will not only know where you live, but what you do, who you interact with, and where you are at any given time. So they can specialize the ads you see, which you won't turn off because its part of the app. Fucking digusting.

[@ridndrty4468]

Fool me once shame on you. Fool me twice, shame on me.

[@untouchable360x]

"Fool me once. Shame on you. Fool me. You can't get fooled again." GWB

[@cromagnon305]

I worked on a A16Z office project in Miami beach... It looked like every other over-hyped, overpriced project in the area, a bunch of fancy spaces built for a bunch of overpaid out of state owners. They even had some stupid soundproof booths that looked like sensory deprivation chambers to make phone calls. "Luxury condos" in South Florida are "take this building, paint everything grey and white, put LEDs, fake plants, and fake wood everywhere, charge $4k a month in a place where people don't make $4k a month"

[@walterhoward5512]

This sounds stupid. Maybe Im just too dumb to understand it.

[@piotrswat169]

Same like last time scam.

[@EWischan]

Long term goal: extract as much money as possible while providing as little as possible.

[@amydoll1477]

How does luxury apartments solve the housing crisis? It doesn't! We need affordable housing. If you cant afford the apartment it's not going to be yours for long

[@waterandsunlight]

🙄 not a new idea. i have that in my apartment right now.

[@breakerpressgames]

That felt more like a sales pitch than journalism.

[@calculatedspaces]

Are the lyrics of "Hotel California" flooding your mind right now? "Relax, " said the night man "We are programmed to receive You can check out any time you like But you can never leave!"

[@android14858]

Ben Bergman in his million dollar home has a terrible analysis of what this company is offering the public

[@jonhedberg9693]

It looks like he’s using one of those fake video call backgrounds

[@benmooreman]

@@jonhedberg9693nah. Look at the bottom right of the frame, you can see the reflection change as his hands move. He’s out of touch.

[@shf25468]

Worship the building. The building is good. The building will provide. They want to create mini economies that are built on micro transactions like video game marketplaces. I really loathe Adam Neuman and anyone who buys into his BS.

[@zcorpalpha2462]

Rent out bunk space which will be timed 😂

[@ronnieriveros6067]

U should loath the idiots blv this bs

[@josephfisher426]

Micro-transactions are a terrible plan. Regardless of the tech investment, every one involves overhead!

[@mattboswell8938]

Society is ridiculously expensive for the size of the units. This is not a solution. It’s actually contributing to the problem.

[@michaeljoseph796]

Looks like Newmee found another obscenely wealthy sucker to invest in his latest scam…good for him !

[@jdaze1]

Is this another scam? The hubris is amazing.

[@elstongunn4277]

A male Elizabeth Holmes.

[@TheGrape1234]

selling college dorms back to to lonely, broke adults. What could possibly go wrong...

[@Guido666]

It is a scam where they basically monetize your personal information.

[@Trumani]

Can't wait for the ensuing bonkers documentary. How do these people keep getting capital?

[@SaccoMabowles]

It's part of how the uncivilized regime he's from breaks the first world country they depend on.

[@emmanuelwood8702]

This is building housing for the rich. Just another rent-seeking grift.

[@talyahr3302]

This guy is amazing how he keeps failing upwards 😂

[@briansantos2287]

One size fits all business model wont work around the entire nation also this just mean more big businees in the housing market. Only the consumer loses.

[@aeromtb2468]

what is the technology? isnt it just a property management company?

[@VogtTD]

3000 buildings? That is insane. That should be completely illegal.

[@naguszed]

an apartment building full of insurance agents who want to meet you and people never leave. this sounds like a living hell

[@ARM1NIUS]

Scam you say? Like a Bernie Madoff, SBF, Michael Milken, Jordan Balfort, Charlie Javice kinda scam? Asking for my Auntie Shemetik

[@pixelfive1272]

Having a place there but not living in it is the exact PROBLEM and is a cause of the housing crisis.

[@JackPaul-vs3bq]

Flow is just a stupid idea. Trying to solve the housing crisis by making housing even more expensive. 😂😂

[@JohnWoo]

Can I have what this guy is smoking? He must be on some good shit. 😂

[@pamala2112]

That scammer makes me sick to my stomach!🤮

[@dcase20]

An app! How revolutionary…

[@MakerInMotion]

This is like if you said you were going to revolutionize fast food and all it ended up being was a drive thru.

[@Stiggandr1]

WHATTTTT James Li?!?! Glad to see you here dude! Been a subscriber for years!

[@leslieroeder8949]

What garbage. TEch Bros, destroying the world one app at a time!

[@mrfake675]

Modern life is a dystopian nightmare.

[@JS44444]

The biggest thing about the “equity/returns” of renting is, that’s the main hope with buying a house, offsetting inflation. So if renters were sold “stock” in the company upon leasing there could be something there. However, it’s completely dependent on if there’s value within the product itself…

[@josephfisher426]

Apartments are a great way of transferring money away from people with more money than they can spend. There aren't enough of those people.

[@mukakaka]

Yes

[@kylemckiernan1445]

How about we pass a law that bans any entity from owning more than X number of single family to 4-plex homes? The X should be high enough for small-time landlords to still make a living but stop Wall Street portfolios from buying up homes with cash offers. Let them invest in the multi-million dollar apartment complexes and leave normal people alone

[@MrStCyrX]

How come these people keep getting chances to lose money?

[@mb9662]

Cloud-based pod housing is the future… imagine having tubes connected to your body to feed and remove waste, while you have a VR headset which lets you have views of a $400 square foot apartment at only $2200 monthly (payable via crypto.)

[@ved1949]

10 bucks to bet the "flow" app will be empty with the last post from a neighbour back in 2013. Everything else will be sponsored advertisements. How many folks wanna truly know their neighbour in a massive luxury complex?

[@samcinematics]

Interesting concept. I just toured the room share option where you have a private room and private bath in a luxury building but share the common area. I am exhausted working so many jobs to afford a nice 1 bedroom and am considering applying here. The room share is pretty affordable with built in roommates but still seems to offer a lot of value and privacy. The amenties were stunning. The exterior of the building is not attractive IMO but the interior is and the wellness programs and community links that are evolving seem really cool.

[@frydegz]

The annoying thing is that I actually could see this crap catching on. I’m sure putting the upper middle class already in their neoliberal echo chamber into their own now physical bubble will have wonderful effects on society.

[@bobbob-gx1iq]

How do you just not yell scam. It is just a luxury apartment company that is it

[@εγεω]

Love when James Li is on

[@benl6328]

So if I get his main objective is so get a renter to sign on, get them to use their financial services, then have access to all the renter's personal information. Seems like a perfect way to financially control your renters.

[@simpleitsdanny]

Great to see an extended cut and expanding the topic !! James content so good !

[@timothyboyle1908]

Rich people have no idea how renting works😂

[@60-second-HACKS]

I was pitching this idea in my hometown 25 years ago. It was stupid then. It's still stupid now.

[@edwar616]

Nothing sounds worse to me than my fkin neighbors trying to sell me insurance. This is the worst idea ever.

[@Lootalot]

This dude didn’t provide any tangible example of what this is. Sounds like a politician trying to hide something

[@sensorycircuits1338]

Because wealthy people who can afford a high tech apartment are the biggest victims of the housing crisis.

[@TrailRunnerLife]

Solid reporting, but if you need breaking points to tell you this guy is a grifter, you've got bigger problems.

[@eddouglas]

How do you say "I want to completely monopolise a human's life" without saying it.

[@Freddie_Dunning-Kruger_Jr.]

Someone with zero experience became my boss after 5 years of service due to DEI hiring practices. The stress from this culture most likely contributed to my stroke last summer

[@mb9662]

If you want to solve housing just look at the Austrian model

[@brentismaximus]

Wow does this make me think of the city towers of judge dredd

[@AlwaysFindTheTruth]

If you want to solve housing., it is simple. Don't allow tax deductions for single family homes or duplexes. Owning a home is more expensive than renting it out since you cannot deduct the whole interest on the loan or the property taxes in the more expensive parts of the country due to the $500k interest loan limit and $10k limit on property taxes. These crisis are artificially created to favor institutional investors who essentially bribe politicians through megapacs.

[@johnalley8397]

Business Insider is a scam. Switched away, the moment you mentioned it, James.

[@81chimi]

Business model: privatize a neighborhood

[@MizJustice]

Sounds like scam!

[@finurra3905]

the commerce idea sounds cute but everything else sounds like a regular luxury bld. I live in one and we have an app and nearly everything but the commerce and equity portion is already covered by most luxe bldgs.

[@S3BAST1AN696]

This man should be trusted with a cent. It has been proven multiple times. But nepotism and blind line go up growth ideology are a hell of a drug.