How rental ‘libraries of things’ have become the new way to save money
How rental ‘libraries of things’ have become the new way to save money
From baby clothes to popcorn makers, borrowing items rather than buying them is a growing trend
The theory is simple: instead of buying a household item or a piece of clothing or some equipment you might use once or twice, you take it out and return it.
Always check your public library. The ones in m area have these which cost you nothing to use because they are supported as public services.
Always support public libraries.
It helped me to know that checking out items helps the library.
I always thought of it as being a consumer of library resources, but the fact that the books/movies/library of things items are being checked out helps them prove that their services are useful to the community.
Always support your public libraries, and watch out for companies that want to take this over:
https://fair.org/home/a-for-profit-company-is-trying-to-privatize-as-many-public-libraries-as-they-can/
With the size of housing units they build in condo buildings these days, who the fuck has any room to store appliances?
Plus, we live in an era where we produce too much shit anyway and it's damaging the environment. So by sharing stuff like this, it means we need to produce less.
Indeed, also it's much nicer to use a shared high quality tool than to buy an el-cheapo disposable tool.
Even something simple like a crowbar. I once borrowed a (shorter) professional crowbar after struggling with a (larger) cheap one. The thing I was trying to pry came out like butter.
Even though physics dictates that a shorter lever should be inferior, it just had a much better design and grip.
Better for our wallet, sanity and environment.
Yeah but was it any good for killing head crabs?
This is an outstanding idea for an apartment community. It addresses space issues, cost concerns, and largely prevents abuse from the get-go because you know where all your borrowers live.
In great Montreal area it's more and more enormous, condo 1000sqft+, thousands of them, that people cannot buy because they are too expensive, I don't understand the system
Yeah they built these big ass luxury condo towers downtown and most of them are empty. I know because I can see in them from my office building.
Some argue this allows richer people to move out of smaller units therefore freeing them for others. But instead you have international investors coming in to buy them up as a real tax haven. Or the rich will simply buy them but keep the old ones and rent them at a premium. It doesn't help at all.
*cough* Maestria *cough*
This sounds neat until it's run for profit.
There is a business in my town. There's probably one like it in your town. They rent power equipment. Anything from pressure washers to bobcats to bouncy castles. And as a man who has needed to drill precisely 8 holes into a concrete slab in 37 years, there is a genuine value proposition in renting a hammer drill for an afternoon compared to buying one.
This week's rental for me:
- hammer chisel, 24h, about $70 canadian.
- E20 excavator, 8h runtime but over the weekend, around $500 with delivery and fuel
Not going to buy those things or pay someone to operate them. It's a good deal.
We’ve got this & a local option!
How would that ruin it?
Modest profit isn't an issue, but most businesses of more than a certain size accumulate MBAs like some kind of parasitic fungus. They then proceed to wring out as much money as possible in the short term while destroying the business in the long term.
If it's just a local guy making 5% or so a year off his one rental shop, that's no problem.
In a purely profit business, you price things based on how much people are willing to pay for them.
That translates into things never being priced as being “worth it”, but almost worth it, and definitely not worth it for people with tighter budget
There's a local store that rents outdoors gear (climbing stuff, camping supplies etc), it's for profit and it's great. Would be way cooler if it were a library, but the local business is totally affordable and easy.
I've used it several times. My friends and I plan an outing and plan supply pickup/dropoff as part of the outing.
Wait is this trying to suggest just renting is the same thing as a library?
The benifit of a library is you share the cost as a group and get some fractional use of it. Like books that you only really need access to for small amount of time.
Its not the same as say Amazon owning the book rental space and choosing, without any choice on your point, on what books are there or who could get access to them.
Tool libraries are libraries, not rentals.
So no, they aren't saying renting is the same thing as a library. They are saying libraries offering more services are a great way for you to save money by not buying a tool you only need once or for a day here and there over the years.
I agree with the first part, but they are using the terms interchangeable of renting and borrowing. Talking about renting and subscription in the same vain as borrowing.
I just don't want the very cool idea of a library economy to be conflated with the "you own nothing" subscription/rent everything economy.
They both have similarities but the actual ownership matters IMHO or else you get rent seeking/enshittification.
Growing up, there was an association in my area for common ownership of different types of machinery and other equipment for its members. You paid something like $10 a year, and for that you got to borrow all kinds of things you might need as a home owner, like a wood chopper/splitter, high pressure washer, trailers, leaf blowers, cement mixer, scaffolding etc.
I always thought that was brilliant.
Everything as subscription.
Yeah it is seem to be cheap now, until you become dependent on it.
On the flip side, when you lost your job, cancel your home subscription and become homeless.
Oh, I assumed this article was going to be about public libraries. Often public libraries will have things for checkout, like gardening or cooking equipment. Yeah, this is somewhat distopian. These companies will probably make bank off of this. It should be public. We need a larger library system for much more things.
We need a larger library system for much more things.
Private Equity goes REEEEEE!
I remember when corner stores rented DVDs, this could be another business for them. But...since they haven't adopted it I guess it really isn't that profitable. Power tool prices have come down in price and size.
Ubik was right
What could go wrong with depending on such a service? The things up for rental here are only things that have to be frequently changed or used just once or twice. I don't expect to subscribe to more permanent things as part of the expansion of tool rentals. Yes, some like Adobe have already adopted subscription for permanenty things, but that's different from this topic.
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I've rented things like carpet cleaners, floor polishers, chainsaws, splitters for the chainsawed wood, generators, a bunch of weird things from a rental place down the street that seems to have at least one of anything I could ever need. It's awesome! Not having to maintain a bunch of shitty two stroke engines is phenomenal.
Not having to maintain a bunch of shitty two stroke engines is phenomenal.
Kinda off topic, but this reminded me of the lawn mower I bought a few summers ago. It was on sale for like 200, it was an electric Li-Ion battery though.
It was my first Li-Ion mower, but not the first electric and the first electric was just...shitty...pros definitely did not put weigh the cons so I was hesitant, but bit the bullet anyways because that first electric had to have been like 15+ years ago so things must have improved
So glad I did, this MF is so damn quiet, I don't even need hearing protection AND I can mow at like 9PM because it's so quiet that the barking neighbor dogs are louder AND I don't have to fuck with gas and oil. I even picked up the same thing but the trimmer and weed whacker version at a thrift store. So now I don't have to fuck with has and oil and MIXING them just right for 2 strokes.
Even with the big battery they're still lighter than the equivalent 2 stroke.
Tl;Dr FUCK 2/4 stroke engine equipment, I'm never going back lmao
I'm hoping to have bought my last engine. maybe there will be another ICE car or motorcycle in my future, I don't think I'll ever own another airplane and I'm 100% done with gas powered lawn tools. I've got a set of electric lawn tools that do a fantastic job and they don't pack their sinuses with their own shit all winter so they work when it's time.
And my father has fought me tooth and nail the entire way. "You sure you don't want the gas one? It's slightly bigger! Let's get the gas one." Dad, why are we here for the second year in a row buying a string trimmer? "We can't get the old one to start." Wrong. We're buying a new one because we can't get the almost brand new one we bought last year to start. Now what chemical did you consume in the 60's that makes you think a nearly identical one we buy this year will be any different? "Ohh come on." This one works almost exactly like a power drill. When's the last time you put a battery in the power drill and spent an hour failing to get it to start drilling? "Sigh I guess."
It's lighter, quieter, runs on a battery system we're already very invested in, starts every time, requires less maintenance and fueling is a lot more convenient. Every electric lawn tool we've bought bar none works great.
Torque from a high voltage electric battery lawnmower motor just can't be beat in my experience. Just chews up things that would make a similarly priced gas engine stall.
My mid life birthday gift was an electric zero turn mower. Already had all electric yard tools. Will buy Tesla or best option in couple years. Never going to a gas station again!
So indeed, fuck gas
Obligatory Library Socialism Link: https://librarysocialism.org/
In the simplest terms, the right of usufruct means you can use things, but you cannot deny them to others when you're not using them, and you do not have the right to destroy them to prevent others from using them. So, for example, the farmer is welcome to grow crops on a given plot of land - but if they choose not to, somebody else can use the land.
Given this, it's easy to see that this principle already exists in public libraries. You can borrow a book to help you start a business, but you can't prevent others from reading it after you - or threaten to destroy the book unless you receive the profits of the next reader's business. You can hold the book exclusively (of other library patrons), but only temporarily.
A friend of mine who lived in Berkeley in the early aughts was a member of her local tool library. I thought it was a brilliant idea. You just had to be live in the community and getting your library card was free.
At one point my roommate needed a drill to complete some home improvement, so I got the drill, committing to be the drill guy the buddy that had a borrow-able power drill.
Curiously, when I moved, I needed to reduce my stuff drastically, so my roommate inherited the drill.
When I was a kid in the late 80s/early 90s, we had a toy-library across from our house. You could rent all kinds of toys for a week, extend if needed, and return it when the kids got bored with it. Good times.
They also had LEGO, and every piece had to be accounted for on return.
They went out of business when people started buying their own GameBoys and PlayStations.
My public library had toys for rent when I was a kid. You could check out Teddy Ruskpin and Power Wheels and full sets of sports equipment to use in the park next door. Then the neighborhood got hit by the late 80s financial crisis and the program was cut. And then they spent an enormous amount of money on a computer lab. And then an Adult Learning Center. And then they decided too many poor people were near the library, making it unsafe, so people stopped bringing their kids there. And then it got defunded. And now its abandoned.
Libraries used to have all sorts of cool high end shit in them. Now they're so heavily deferred on maintenance that people don't feel safe working inside.
Real shit.
We had a rental thing for toys in our old neighbourhood, but you paid for it with currency made from helping at the nearby petting zoo.
We had the same, and it rented video game console and games, it was great.
What the fuck is this rent-a-center propaganda?
How stupid are we?
Pretty dumb. I thought this would be about lending libraries -_-
Tf are both you talking about. The article talks about Tool Libraries and The Library of Thing at length. It name drops a few subscription services for reused baby clothes and kids toys but those are still temporary items people need.
Rent-a-centers core business model consists of predatory loans for household appliances that you need continuously. This article talks about rentals for things you only need for a short period of time.
Stupid enough to wake up in this world. It didn’t happen in one day.
It’s nice however let’s assume that it is the main consumer model. Then everything becomes possibly 20 times more expensive as companies need to keep same profit (shareholders) and now 20 people pool money to share the thing. It’s not a solution to capitalism, however it would work wonders for environment.
Yet it is us doing all the work for the environment while companies don’t lift a finger and get all the profit. Not a viable long term solution to a fundamental problem of wealth.
The companies who have 20x the mark up necessary to survive will quickly see new businesses occupy the space to undercut them.
Yeah, this is the one piece a lot of people miss: in any decently competitive market, individual firms have effectively zero power to set prices; they must instead accept the prices determined by the market.
Knowing that, the solution to that sort of corporate BS, then, is to ensure markets are competitive by busting monopolies, lowering barriers to entry, and getting money out of politics to reduce the effect of lobbying.
It's not a solution by itself, but a library economy can form part of it: https://www.youtube.com/watch?v=NOYa3YzVtyk
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Here is an alternative Piped link(s):
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"You will own nothing and like it"
I'm so down for this for items that I don't need indefinitely. It reduces waste.
It also allows people to use much higher quality products. She's pulling a power tool out in the picture and goddamn, there's some garbage tools out there, even from quality brands. Renting a $1000 tool sounds better than buying a $100 tool and encouraging the race to the bottom.
It's interesting how individualism and socialism interact with each other, and how a degree of the latter can promote the former.
There is a “tool library” sort of service (for profit) operating in my area. The prices are absurd—people are charging like $20/day for a tool that would cost $100 new, or half that used on craigslist. My projects often span multiple days, especially if there’s an unforeseen delay—which there always is because I’m a good engineer but a shitty carpenter.
I don’t use the service. I’m all for communal ownership but it still has to make sense.
There is a “tool library” sort of service (for profit)
Wait I am confused
library
Alright got it.
(for profit)
What
Ok….Why is everybody using the world “library” like it is an even remotely compatible concept with a for profit rental business??!
Is this just capitalism trying to purposefully destroy any meaning behind the word “library”?.
If your service is to rent tools out to places you are a tool rental company not a “tool library”. You would be a tool library if you were a community governed non-profit that let people borrow tools for essentially no money.
sigh it makes me so cynical how clearly libraries would never have been allowed to exist in a time as nauseatingly conservative and capitalist as this if they weren’t already old and boring concepts, the media, corporations, centrist democrats and republicans would all lose their mind about libraries being too radical of a concept if a leftist proposed them as an idea now.
:(
Rent-to-Own has always been a scam predicated on people too poor to enjoy a stable life.
Hopefully you have an actually competent and accurately-priced makerspace near.
There's a company in Brentwood Tennessee and online that rents very expensive camera lenses.
So you can borrow a $3000 lens for say $200 for a week.
Not sure if dystopia
It's dystopic if most can only afford to rent what they always need. IMO being able to rent something you rarely need is a good thing.
I'd much rather have my car for day to day driving and rent something with more space the few times I need to move something that won't fit in my car. Even better would be to have ride share programs to use for medium loads and reliable mass transit for trips where I don't have much to move.
it's not dystopic in the sense that companies are selling tools to people who don't need tools for an extremely prolonged time.
That would be fucking dystopic, being forced to buy tools you don't need, because it's the only option to get them.
Quite the contrary: it reduces wasteful consumption and reducing consumption is a requirement for Ecological recovery.
I would say that buying for very infrequent use or for a temporary need something which can be used with no problems for much more than that, is wasteful consumption at a systemic level - there should be alternatives.
Sure, owning your own personal high powered professional drill satisfies the greedy animal inside, but it's not exactly wise of justified for most of us even just at a personal level. Ditto for quite a lot of other things.
The drive to own lots of shit isn't healthy, both in a personal sense and in a systemic sense (including but not limited to Ecological), though it sure makes a ton of money for those who own most Productive Assets and all the ones is supporting areas such as Money Lenders, that most humans act as Consumers only limited by the maximum indebtness they can get into with their income.
Even if people can afford to own tons of things they barelly use, it would actually be better for everybody if that wasn't common.
The only dystopia element of this is that in Late Stage Neoliberal Capitalism people are being pushed to rent because of the miniscule and worsening share of the wealth produced that workers get - or in other words, shit salaries whilst investment income has never been this good - as they can't afford to own anymore, rather than because of a shift in the way people thing and them actually wanting to rent rather than own.
It’s the cracks in dystopia. Good things that would be awesome without dystopia but wouldn’t start without dystopia. Public libraries are a relic of the gilded age dystopia for example
Renting stuff makes sense, but there are still lots of inherent problems with tool libraries and the like.
They're great for a carpet shampooer or chainsaw you need once a year, but if you actually want to fix and build stuff around the home then booking a tool, taking perfect measurements, hauling your stuff over to a tool library, building it, hauling everything back home to check it, is simply an infeasibly onerous process. The instant you make a mistake and need a different tool, or check a measurement, etc, you're wasting hours of time, which is most often the biggest limiter for home projects anyways.
You also don't get to learn on the same tool and build up instincts and understanding of how it behaves.
I don't see how going to the library is such a big hurdle? The closest library to me is less than ten minutes drive, and on the way to a lot of stuff. I don't know this seems like a kind of insane objection. If you're poor, it's not like you're just gonna spend $200 on a new tool anyway because you can't. In my experience I'm more likely to just try to make do with the crappy alternative I have available.
This take just seems really privileged. The biggest barrier for a lot of people isn't the time - it's affording the tools in the first place.
I mean if you're trying to learn to be a competent handyman or build a bookcase maybe yeah, but I just need a screwdriver set for like 30 minutes to put something together.
Now a multi screwdriver is something you can buy.
You had it, then you lost it. It's for those things you need only once a year or two years or never again.
Libraries of things should be state run and free at point of use. They should also be integrated into communities in a way that makes them easy to access. Instead of everyone having a lawn mower, you check out an electric mower once a week, on a date that you’ve reserved it, and the entire community uses it, or if in a large community, your immediate neighbors use it, and then it’s returned for the next people to use it.
Libraries of things should not only be for things you use once a year. They should be for just about everything that you don’t use every day.
Usafruct >>>>>> UsusFructisAbusus.
The issue with renting is, of course, just like apartments (or flats if you will), the producers of the items will see the opportunity to inflate the retail costs of the items, the more they see their sales dip due to renting, which will make the price of renting the equipment greater .... and so it goes
A lot of these are non-profit or literally extensions of a public library. My public library has a "Library of Things" that costs as much as it does to check out a book. Free, with late fees if you return it late. It doesn't go as far as expensive power tools, but it has some basic stuff folks might need from time to time, like a basic toolkit.
Yes, private, profit-oriented ones will increase prices to increase profits, but thankfully not all of these are rooted in that.
There are pros and cons to both. Sometimes you should rent, others buy. If you use it every day then buying is often best. If you need it once a decade then rent.
Yes there are pros and cons to both, but that does not mean they are the same or equal.
Renting inherently adds an extra middleman to the process, (someone still has to buy it), who is incentivized to rent-seek and drain everyone from as much of their money as possible.
Renting really only works in scenarios where you have a bunch of different rental companies to drive down costs, but now you're starting to get back to the original problem of duplicating everything.
Not exactly. The type of rental discussed in the article is short term, not long term like an apartment.
Also, there will probably be a response in the industry, but it could end up being better overall. For instance, an appliance may end up being designed more for repair and have a longer design lifespan as there are fewer, but more educated, consumers of the appliances. I would expect a steam cleaner that has to run two times a week to be more expensive than one that has to run two times a year.
I don't really see a problem with a model of companies creating fewer, more durable/expensive items that everyone can share.
Better for the environment anyway.
The one in Chicago is great. They also had a huge collection of free seeds this spring.
Once I started using the tool lending libraries in the San Francisco East Bay, it was a game changer for simple maintenance.
- https://www.berkeleypubliclibrary.org/locations/tool-lending-library
- https://oaklandlibrary.org/otll/
Some bike shops also have public work benches with tools. https://www.boxdogbikes.com/about-1
i thought this was called having neighbors? Nonetheless, i'm not complaining. Less waste is better waste.
This is great! I've rented things from home improvement stores, and it's often half the price of actually buying said thing. Hopefully this can get the price down a bit.
You're literally saying you are happy paying half the price and not owning anything.
You could have at least bought the tools new and sold them after for a net maybe 5% loss...
Time and effort to sell is also cost
Yeah if I see a “used once” tool on Craigslist, I’m not paying 95% of retail for it
Sometimes it's better than the alternative. If I only need a thing once and I likely won't ever need it again (e.g. a chainsaw when I cut down trees in my backyard a few years ago), I'm willing to make the trade-off. If I bought it instead, I'd still sell for half price and need to spend the time selling it. It's a wash either way, so I'll do the easier thing.
I'll buy other things that I'll use occasionally. For example, I own an angle grinder, which I've used a handful of times. If it was cheaper to rent, I would. But home improvement stores are in the business of selling tools, so they want to increase rent enough that people will lean toward buying instead of renting.
You do not understand that capitalism and markets are not the best solution for everyone, do you?
He said the exact opposite.
Seems like renting with extra risk and steps
Priced out of living in communities where you have friends and family to share things with? Hooray! Now you can pay us for that stuff in addition to your increased cost of living!
/c/orphancrushingmachine
I guess it's easy to be cynical, but no, this is not at all orphancrushingmachine material
I hear you. I'm not the everything sucks and nothing matters if it's not complete, type of person. This just seems like a bandaid for breaking up community. It's good to solve problems, but I'm concerned we shouldn't have this problem.
I don't think all friends and family own all these stuff either. And this really does save money. The machine here is at most consumerism, incentivizing us to pay extra and own everything we'll use for like at most a month, which I think is too far of a stretch.
Well put. It's preventing waste and excess for sure. It just seems like a manufactured problem from pushing us apart.
Curious what goods you don't think friends would have back in the day from your perspective
They pay a subscription for this... Home Depot and Lowes have similar programs that only require a deposit when you borrow the tool, which is refunded when you return the tool. And it's not even a super expensive deposit. But it is only tools.
Rent-a-Center is still a better service, since you could eventually own the thing.
The idea is nice, but the cost is ridiculous.
Our library in the last place we lived (Midwest of the US) let you take pans from their large collection of cake pans. It was actually really useful.
Of course a Midwestern library has a cake-pan collection.
For anyone in Germany: https://connect.oclc.org/bib-der-dinge
Sehr stark!
I should start my own rental thing. I tend to buy what I need for DIY projects and I'm on the build up of tools phase. I can pretty much build my own house if I wanted, or fix anything in my car. So I got a number of toys just catching dust most of the time. But toys are fun.
This is the best summary I could come up with:
Warm coats, swimming costumes, sleepsuits, sandals – all can be borrowed for a monthly subscription from any number of services such as Bundlee, Lullaloop and thelittleloop, amongst others.
Clothes rental for children is one of the latest chapters in how “libraries of things” are becoming an increasingly common way to save money, space and waste.
“In summer we see a lot more garden items being used: strimmers, hedge trimmers, lawn mowers, tents for adventuring, ice cream makers and gazebos for barbecues,” says Trevalyan.
“Our data shows we’re increasingly opting to shop second-hand, or rent items for a short period of time, rather than buying outright.
Not that I would have ever spent that much - the clothes I borrow from brands such as Bobo Choses and Tinycottons are much pricier than I’d ever be able to justify, which is part of the service’s appeal.
Meanwhile, companies such as Baboodle let you hire bulky equipment - for example, travel cots, bouncers, buggies and high chairs - so that after a few months of use, you won’t need to buy a semi-detached home with a garage to store it all.
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ok this is an amazing idea
As a Dutchman, do other countries not have rental places everywhere? Over here every diy store has a rental department, I'd guess this is universal?
In North America you don't see many home improvement stores downtown where people are most likely to rent.
Most Lowe's, Home Depots, etc do have tool rental options, but they're located out in the burbs where land is cheap and everyone has space to store tools.
Home improvement stores and autoparts stores will rent out tools for home projects or automotive projects. Looking at my library they also offer kitchen stuff, arts and crafts, 3d printing, board games and a ton more. I have no idea where you'd rent that kind of stuff here in the US.
I learned a lot about your country during the pan when I started listening to the Dutch News Podcast. You had some wild stuff going on and I got to learn about another culture. But I haven't been turning in lately. Life got busier again. Cheers! Oh, and when a German asks you for something, tell them to first give you back your bike once for me!
We do have rentals, but they're more for large things that you'd use once and never again. Paint sprayers, giant floor sanders, etc.
They don't rent things like table saws, thickness planers, etc, which would fall into weekend warrior kind of tools. They want you to buy those.
Many of the libraries in my area have all kinds of rental things you can check out! Books, audiobooks, music, video games and movies of course. But they also have a whole tools and homegoods section. Need a weirdly shaped pan for a 1-time birthday cake? Check it out and return it when you're done. Need a drill to hang shelves in your new apartment? Same thing. It's pretty awesome. For me personally I love to bake, but I simply do not have room for every type of pan. I only make angelfood cake once a year or so, and those pans are huge. I just use the library one and then I don't have to store the thing all year!
If you haven't been to your local library in years, you should make a trip there. You might be surprised what they have these days!
36 GBP a month for 10 items of kids clothes? That's 432 GBP a year. I'd think you could easily buy many more than 10 items of clothes for that amount and other than kids under 3 I don't think you'd need to replace them more than annually.
The subscription's 10 items per month, not per year, and return the next month. Babies outgrow really quickly when they're young.
According to Or Collective’s website, I have saved £640 over the past two months. Not that I would have ever spent that much - the clothes I borrow from brands such as Bobo Choses and Tinycottons are much pricier than I’d ever be able to justify, which is part of the service’s appeal. My daughter is far better dressed than I am as a result. That said, you can buy them at a reduced price if you become particularly attached.
Yeah I could see it for very young babies where you may need to change things every few months. But after 2-3 years old I don't see it making sense.