Working in a shitty place? That place looks awesome! I would love to work in a place like this.
What does that even mean?
Do you really find it surprising that there at people that wouldn't like to work in somebody's one-bedroom basement apartment?
Are all those people necessarily "corporate stooges"? Really?
Who am I working with? Am I comfortable with those same people having free access to my person and belongings while I sleep?
Do I trust these folks not to do something stupid that could damage the capital while partying? (I once had somebody spill a beer into an SGI workstation because we were using an apartment as an office, and one of our dudes threw a party.)
Can we deal with the weird interpersonal dynamics that spring up in a group of mixed sexes that is also collaborating on a business--presumably the same one paying rent?
Do I have a place I can go to to get away from work/home if needed on a reliable basis? Is it going to cost me all my money?
What's "weird" about a nightly orgy?
I think that having a community is very important in making any business venture--I would be unsurprised to see this emerge as a pattern in entrepreneurial ventures for folks our age.