Some interesting insights I thought.
He went on to list emerging business examples of the new sharing and rent-on-demand economy including renting music through Spotify, accessing movies on demand from Netflix, renting a community car (or van) from the Car Next Door and renting movies online direct from YouTube.
Add to this ever growing list of rentables the prospect of renting a driverless car in the future and it was a great high level presentation; all until he made the rookie mistake and said,
‘So what's the point of owning a house today, when I can just rent one or rent an Airbnb whenever I want?’
With that potentially naïve comment to a room of financial advisers his presentation fell off a cliff into irrelevance, all because he didn't understand the place family home ownership holds in the Australian economy.
Maybe you find yourself facing financial demands from both your own young family and older family? You're not alone.
Welcome to the life of the Sandwiched Generation.