The world is changing and with it, are you. There used to be a time about 20 years back, when we all wanted to own possessions as that was considered to be an asset for us. However, with time we got smarter and realised that the actual definition of an asset is something that makes us money and not something that loses money. Most of our possessions are depreciating in value with every day and thus they are not really assets.
Examples
Property / House – From the last few years, the value of the property is either stagnant or just going down. This means that with rising inflation, the value is actually decreasing with every year
Car – The value of a car decreases by 20% or more every year and this is a fact that doesn’t change since the condition of the car is not as good as a new car
Clothes – Everyone loves to shop and possess new clothes. Specially the expensive ones, but how many times do we actually wear them? The value keeps going down drastically though, in fact there is considerable decline in the value after the product is worn
Same with Furniture, Office Space and a lot of other categories too.
The biggest advantage in renting out something is that you can always change if you don’t like it. The other advantage is the price point. You save at least 80-90% of the cost of the product when you rent it out.
So we strongly believe that renting is the future and this will become true even more more product ranges in the future.
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