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This is how the sharing economy is transforming the rental industry

July 10, 2018

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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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