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This is how the sharing economy is transforming the rental industry

July 10, 2018


The modern sharing economy is comparable to online shopping, which started in America 20 years ago. At first, people had concerns about security. But, after making a successful purchase from, say, Amazon, they felt safe buying elsewhere. Similarly, using Airbnb or a car-hire service for the first time encourages people to try other offerings. Next, consider eBay. Having started out as a peer-to-peer marketplace, it is now dominated by professional “power sellers.”

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