Have heard it numerous times, when are you going to buy a home and most of the time intellects go like this:-
- Living in a rented house is not intelligent, you could pay EMI and own a home.
- Your home will appreciate and it will be an asset for your lifetime
- Don't you like to have something, which is your own?
Buying doesn't make economic sense in all Indian cities, as shown below:-
Personally, it is difficult to connect with an idea to buy a home and live there permanently, change is something that drives me internally. I like the concept of access over ownership, minimalism( very difficult to practice) over capitalism.
This opens up a conversation for a broader understanding of term-Sharing Economy.
Sharing Economy= Digital Economy + Crowd Sourcing + Venture Capitalists
Why it is better, and how it is relevant in today's world:-
1. It makes economic sense- long term and short term
2. It is less suffocating, more environment friendly and sustainable ( Use OLA Share than driving your own car)
3. Flexibility in lifestyle ( Today you are living in a small apartment, you can move into better location
and a bigger apartment depending on your financial conditions)
4. Empowerment in an era of acute inequality- I cannot buy a car in a place like Singapore, but i can definitely afford a Uber ride
There are downsides to sharing economy, although not of any intense consequence:-
- The experience is not consistent, as total experience depends on lot of variables, and standardization is still in nascent stage. For instance,you might get a good air bnb host on one occasion and a terrible one on other occasion.
- Sustainable of Sharing Economy is still a big question mark, at the end of day, it is mostly startups backed by VCs, and most of these startups are not anywhere closer to be in profitable zone
- There will be a definite increase in productivity/disruption, which might change dynamics of existing industries( For instance Personal car Manufacturers)
https://ourworld.unu.edu/en/the-sharing-economy-capitalisms-last-stand
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