The Economic Perspective: “Is Everything for Rent?”

I’m Mary Walden with economist MW welcoming you to the economic perspective.  Today’s program asks if everything is for rent.   Mike, we’ve see plenty of evidence of how young people are more apt to rent than own.  They rent apartments rather than buy homes, and they lease vehicles or rideshare instead of buying cars.  But now I understand the renting movement has moved in to other areas.  Please explain.

Mike: Summary Answer

  1. Now we’re hearing about renting furniture as a new trend
  2. And – believe it or not – renting housewares and clothing is happening
  3. And we’re not talking necessarily about low-end items – high-end furniture, housewares, and clothing are included
  4. Several reasons for
  5. Want to be able to change
  6. Many users are mobile – want to be able to easily move
  7. Also, some are motivated by the environment – view renting items as a way to reuse them
  8. I’m MW

And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economic