Let's Discuss... Rent Based Economy!
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Seems like our economy is increasingly moving towards being a giant rental, subscription and monthly payment services. From shoe subscription by on.com with the slogan "This is the gear you'll never own. Because you subscribe to it. (Like music.)" to cars from Zipcar subscription program.
Mortgages represent an interesting middle ground in this evolving economy. Unlike pure subscriptions, mortgages are designed as a path to ownership, where your monthly payments gradually build equity. However, they still require pledging your future income to obtain something today. With traditional 30-year mortgages, the early years see most of your payment going toward interest rather than principal, creating a lengthy period where you're paying primarily for access rather than building substantial ownership.
Has the shift toward subscription models fundamentally changed our relationship with ownership?
How does the psychology of "access over ownership" affect our financial decision-making?
How might the subscription economy impact economic inequality?
*Please do your own research and share resources related to this topic in the comment section.
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The Examined Life, "Let's Discuss..." session is an open discussion.
The format of this event will be:
13:15 - Free flow group discussion about the topic.
14:00 ish - We will be splitting into smaller groups for more engaging discussion about what interests each of you.
16:00 - End of the official meetup. Most often attendees stay and continue discussing up to around 18:00.
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Please RSVP if you can commit to attending and change your RSVP if something comes up. Inaccurate RSVPs can keep potential attendees on the waiting list and makes it difficult to plan for room sizes and bookings.
Art work: View in Capri 1859 by Frederic Lord Leighton