Sharing is Caring!

Sharing is often perceived as good quality when coming to things like sharing a straw with a friend or perhaps an iPhone charger to someone whose phone is dying but did you ever think we’d be sharing things like cars, houses or even workspaces? As technology begins to evolve more and more ideas have been revolving around the idea of sharing something. For example, the more known concept of Airb&b, a system that allows people to be able to rent their homes out for extended periods of time for a certain amount of money. This allows people to maximize not only their time but their money as well when coming to making an investment and buying a house. However, houses are not the only things that people are starting to share. A company by the name of Turo allows you to be able to rent a car for a day! Cars such as Teslas and Corvette’s could go as cheap as $100 dollars a day whereas cars like Saab’s and Toyotas go for even less. The name of this kind of economy is called the “Share Economy” or a P2P Economy meaning a Peer to Peer Economy. This essentially means that goods and services are not owned but temporarily accessed. In the year 2016, a grand total of 26 billion dollar transactions were a result of the access economy. Not only could you rent your car and house but there are companies just starting to get popular particularly in the San Francisco region called Shared WorkSpaces. These are essentially areas where you can rent out a shared workspace and get together with other people who share the same goals and creativity that you may have when wanting to create something like a start-up for example. They allow you to take your team or your individual self and get together with others to participate in collaborative work. Many people are beginning to take advantage of this because if you do have a start-up, for example, renting a workspace in San Francisco is not only cheaper but lower risk than having to buy your own office space.