By 2030, will we actually 'own' anything?

nivek

As Above So Below
By 2030, will we actually 'own' anything?

Some experts predict that in the near future, we will be renting, rather than owning, just about everything.

These days it is still common for people to own most of the things that they use on a daily basis. In the not-too-distant future however, it has been predicted that we could see a significant shift away from ownership to renting, with even the simplest gadget being borrowed rather than outright owned.

In 2016, the World Economic Forum released a video predicting that by 2030 "You'll own nothing. And you'll be happy. Whatever you want, you'll rent. And it'll be delivered by drone."

"Everything you considered a product, has now become a service," a separate WEF essay reads. "We have access to transportation, accommodation, food, and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much."

We are starting to see examples of this idea - where once we would have bought DVDs to watch movies at home, for example, now we subscribe to streaming services like Netflix.

Instead of owning a car, many people opt to use Uber to get where they need to go and when self-driving cars become the norm, one might simply rent a car which automatically shows up outside your house and takes you where you want to go for the day.

There are advantages to renting rather than owning - it means fewer commitments, less responsibility and more freedom to change your mind about things. On the other hand, we also risk becoming slaves to the companies that provide these rented services.

Ultimately, the way we purchase and use goods and services is likely to change significantly in the coming years. Whether or not it will be a change for the better, however, remains a matter of debate.

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nivek

As Above So Below
There are advantages to renting rather than owning - it means fewer commitments, less responsibility and more freedom to change your mind about things.

Fewer commitments and less responsibility, is that really a good thing?...

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HAL9000

Honorable
..On the other hand, we also risk becoming slaves to the companies that provide these rented services...

Yep, that is the bottom line.

Even today, if your landlord (assuming you rent) wants to put up the rent, you pay or your out.
 

pigfarmer

tall, thin, irritable
Well there's some head soup.

Yes, I own my house and all the crapola on it. Nothing stopping me from chopping it to bits, moving it and putting it back together elsewhere. But I live on numbered parcel listed in the county register subject to local land and school taxes. True it has my name on it but what I actually 'own' seems like just a few degrees of separation and I put the marker where my head feels good. Stop top paying taxes and it's either move it or lose it.
 

HAL9000

Honorable
I also own my home, and the land it is on.
If I stopped paying the tax I wouldn't directly lose the house. But I would be dragged through court and fined heavily. Even (if I was stupid enough to let it get so far) to the extent I would have to sell up to pay the fine.

..Instead of owning a car, many people opt to use Uber to get where they need to go and when self-driving cars become the norm, one might simply rent a car which automatically shows up outside your house and takes you where you want to go for the day...

Anyone care to make a guess at how much this will cost you ?
Should my wife and I wish to visit her sister who lives 85 mile away it will cost me about 40 litre of fuel. say 48 Pound. If I use public transport (train) it will cost about the same, but for each of us, and only one way. So 96 Pound for the return trip. Plus we would be tied to the train schedule which also entails two changes each way.

So the cost of these new ideas is very important.

The idea of 'communal' property is very attractive in some ways.

But wait ! Wouldn't that make everyone Communists ?
 

pigfarmer

tall, thin, irritable
My uncle got into some sort of dispute regarding a commercial building he owned so he disassembled and sold the damned thing. Creative fellow that one. Guess that's where I got the idea.

But do I actually own the land in the same sense as my car or house? No. I pay the controlling authority for rights to exclusive use and to bequeath or sell those rights. True you would have to let it go way too far to have your property seized for nonpayment of taxes but it certainly does happen. Sort of a taxed variation on a native understanding that nobody owns the land.
 

JahaRa

Noble
I can understand people living in NY city choosing not to buy a car, using Uber, subways and taxis to get around. It makes sense in a lot of ways including financial. It must be a real headache finding parking in that city. I know it is in a lot of Philadelphia. My daughter sold her car after living there a year and signed up for a rental service that had cars parked all over the city. She just called them and they told her where the car was parked. And when she was done she called and told them where she left it.

In the west we don't have very good mass transit and Uber is expensive unless you only have one or two places you need to go a week. There used to be a shuttle run by the casino that would take you home if you needed a ride, but they did not have one to pick you up if you wanted to go to their casino. It was mainly used for getting drunks home safely. Taxis in Albuquerque are crazy expensive and the drivers are often not trustworthy. I have had good luck with Uber the few times I needed it to take me home after dropping my car off at the repair shop or getting me back to pick me up but that is all I have used it for.

I see the biggest problem to being able to buy a house is debt. Most people in their 30's and 40's when you should be able to afford a house are leverages to their eyeballs, buying a new car every 4 or 5 years, instead of buying a used car that will last that long or more, subscribing to a lot of services they don't need (for example, if you have Prime on Amazon, do you really need commercial free Hulu and a cable service?), eating out instead of cooking at home, etc. Lifestyles that are more expensive than they can afford. And then people get underwater financially and some corporation like the bank or an investment firm swoops in and buys their house that they owe so much on they can't sell it for what they need, etc.

I own 5 acres in the mountains and I have a mortgage on the house I am living in. My car is paid off and I expect it to last me a few more years (I bought it used in 2011). If you avoid certain brands of car you can expect them to last 10 years or more if you keep up the maintenance on them.
 

dr wu

Noble
^ I like the southwest....haven't been there for many years but it has always appealed to me. You are lucky to have 5 acres there..Sandia Mountains..?
I live in a smaller town in northwest Indiana....nice little place but ultimately boring. My big fun is driving to Zionsville- Indy area to visit my daughter.
I don't go to Chicago anymore...too much trouble, traffic, and crime. Though I am a Cubs fan. :cool8:
 

JahaRa

Noble
^ I like the southwest....haven't been there for many years but it has always appealed to me. You are lucky to have 5 acres there..Sandia Mountains..?
I live in a smaller town in northwest Indiana....nice little place but ultimately boring. My big fun is driving to Zionsville- Indy area to visit my daughter.
I don't go to Chicago anymore...too much trouble, traffic, and crime. Though I am a Cubs fan. :cool8:
Yes, my property is in the Sandia mountains. Nice 5 acres with crazy neighbors. I used to live up there but when I moved back from Texas after 15 years I decided it was too far from town, and I am still working from home and could not get good internet there in 2016. Not sure if I could now either. It is my place to go when I need some quiet, no wifi or cell tower noise and spotty cell service. Nice escape but as long as I have to work it is not someplace I could live comfortably. When I first moved there the skies were so clear you could see why our galaxy is called the Milky Way. Too many people moving up there now.
 

pigfarmer

tall, thin, irritable
I don't go to Chicago anymore...too much trouble, traffic, and crime

Been a while but agreed. I would like to see U-505 again. It was outside next to a locomotive as I recall. Haven't seen it since they fixed it all up but am told it's in a nice structure now.
 

nivek

As Above So Below
I can understand people living in NY city choosing not to buy a car, using Uber, subways and taxis to get around. It makes sense in a lot of ways including financial.

In the country there are no types of public transportation available close by, at least where I live...I could call a taxi from a city but the closest one is 40 minutes away and that would be one expensive taxi ride...There's Uber in that same city but they typically won't drive out this far to provide transportation, a friend of mine tried once before he called me asking for a ride when his truck broke down...If you don't have a car or truck of your own in my neck of the woods you're going to be stuck unless friends or family can give a ride...

...
 

JahaRa

Noble
In the country there are no types of public transportation available close by, at least where I live...I could call a taxi from a city but the closest one is 40 minutes away and that would be one expensive taxi ride...There's Uber in that same city but they typically won't drive out this far to provide transportation, a friend of mine tried once before he called me asking for a ride when his truck broke down...If you don't have a car or truck of your own in my neck of the woods you're going to be stuck unless friends or family can give a ride...

...
In Albuquerque there is a bus system but it does not have very good routes. When I was out of work and took care of my grandson (who was 2 at the time) we had a big advernture for him riding the bus a few miles down the street closest to the house, getting off and getting a drink a the 7-11 and then getting on the next bus back. That is the last time I rode the bus in Albuquerque. When I was a kid and the city owned and managed the bus system it was great, you could get anywhere in the city and a few places just past the city limits. All buses went down town so if you were in one quadrant and wanted to go to another you did have to change buses downtown. But then downtown in a city of 80,000 is nothing to be bothered about. Now they have a monstrosity that runs from one end of Central to the other, about 15 or 20 miles and no one uses it except the homeless people or random people who actually can get benefit. The design is idiotic and overly expensive as the rebuilt the roads to have the buses run the whole way in the far left lane and everyone has to get off and get on in the middle of the road. A lot of small business were closed because the construction caused it to be impossible to get to them for over a year. We have idiots on the city council.

I really enjoyed using public transportation when I lived in Germany. There is no comparison, not even in Washington D.C., which has a fairly good system. Dallas system is geared for people who work downtown and live in the suburbs. If you want to get somewhere at 10 am there are no buses until 3 pm.
 

SOUL-DRIFTER

Life Long Researcher
By 2030, will we actually 'own' anything?

Some experts predict that in the near future, we will be renting, rather than owning, just about everything.

These days it is still common for people to own most of the things that they use on a daily basis. In the not-too-distant future however, it has been predicted that we could see a significant shift away from ownership to renting, with even the simplest gadget being borrowed rather than outright owned.

In 2016, the World Economic Forum released a video predicting that by 2030 "You'll own nothing. And you'll be happy. Whatever you want, you'll rent. And it'll be delivered by drone."

"Everything you considered a product, has now become a service," a separate WEF essay reads. "We have access to transportation, accommodation, food, and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much."

We are starting to see examples of this idea - where once we would have bought DVDs to watch movies at home, for example, now we subscribe to streaming services like Netflix.

Instead of owning a car, many people opt to use Uber to get where they need to go and when self-driving cars become the norm, one might simply rent a car which automatically shows up outside your house and takes you where you want to go for the day.

There are advantages to renting rather than owning - it means fewer commitments, less responsibility and more freedom to change your mind about things. On the other hand, we also risk becoming slaves to the companies that provide these rented services.

Ultimately, the way we purchase and use goods and services is likely to change significantly in the coming years. Whether or not it will be a change for the better, however, remains a matter of debate.

.
That is nuts!! In less than 9 years!!!
I say some experts are anything but experts.
Someday that may be but maybe in 2130 or 2230.
IMHO
 

HAL9000

Honorable
You should own your own 'stuff' as it is very expensive to rent it.

It costs £28 per day to hire an engine hoist from our local tool-hire shop. I can buy one for about £80.

There is another aspect to renting houses, particularly from the councils.

You could raise a family in a council house that you have lived in all your married life. Then the kids move away and your partner may pass away. The council can then require you to move out into a smaller cottage, one bedroom.

But it may not even be in the same town. So you will be removed from the area you grew up in and away from all the people you knew.
Not what you want to be happening in your last years.
 
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