Not to rain on your parade, but isn't it a bit disingenuous to compare your cost with living in NY or SF? I mean, of course it's much cheaper to live in Lisbon or Mexico City, regardless of the particular accommodation.
I really love the concept but as presented it isn't appealing. The idea of not having to deal with all the hassle of finding and organising accommodation is great.. but they only have (and not even that yet) 3 locations. "hey you can travel the world (3 locations)" doesn't have so much appeal. Obviously they plan on expanding but the price is for now, not the future.
I suspect that if someone decides to stay for more than a couple of months they will often splinter off into cheaper accommodation. Having the fixed fee also makes it difficult to set up in the most sensible (cheapest) areas.. because the attraction of going it alone in those areas will be higher the better value the area is.
It strikes me they would have been better off setting up a handful of these locations first as individual nomad/co-habitation accommodation, ironing out all the issues, and then introducing the go-anywhere subscription idea. They've left themselves an awful lot to deal with in one go.
1. nomadlist.com
It's a completely different target group, what you describe is being done nicely by people like nomadhouse.io and a lot of single location providers.
The assumption is that there's a reason why WeWork wasn't the first Coworking space, but won the market with a great product.