WeWork’s $47 Billion “Room Hustle”

by E.B. Tucker
Casey Research

I had never heard of the “room hustle” until I met Delonta (pronounced “Dee-lon-tay”) in June 2011. Three years later, it’s a phrase I was happy to forget.

I had just posted a sign in front of my largest rental house – “7-bed 4-bath available NOW!”

Delonta called me within minutes. He told me he was on the way with a cash deposit.

Delonta had a plan. He wanted to start a business. It was well thought out. He’d rent the house, pay all the bills, and rent the additional rooms to friends. He said he had enough people interested and could move in right away.

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