Yogesh MalikFuture is already here, it is just unevenly distributed. Technology Evangelist and Digital FuturistAug 10 · 3 min read

In The Future, You Won’t Own Anything, NoCar, No HomeLarge amount of natural resources are used to manufacture a car, house orany consumer product.

We are now running out of those resources.

“As-a-Service” platforms has great promises to offer

In the coming years the “As-a-Service” model will revolutionize a few areas ofour lives like housing, travel and communications

Why We Will Lose Car Ownership?Connected car market is growing, and highest in United States.

A study by industry data and consulting firm IHS predicts that,

by 2050, nearly all road vehicles will be of the self-driving variety.

Driver-less cars will change car ownership. These cars run on million lines ofcode, any standard for writing such code?

Call it ghost in a machine or black box. There is too much of data coming outfrom hundreds of sensors, getting analyzed and processed, software will takedecisions, including decisions about life and death.

Whoever owns the data, maps and software will own the car.

Why Losing Car Ownership Is Good?

#1 — Increased Car Utilization -Longer SustainabilityThe utilization rate of automobiles in the U.S. is 5%. In the new model, youdon’t pay for the car. You pay for the miles.

“Beyond the practical benefits, autonomous cars could contribute $1.3 trillion inannual savings to the U.S. economy alone,” says Ravi Shanker, of Morgan Stanley

The average European car currently spends 95% of the time parked.

#2 — Reduced Trip OverlapOther large benefit of autonomous vehicle is to reduce “trip overlap” for timesduring the day when more than one driver needs a vehicle

A self-driving vehicle could, for example, bring one spouse to work early inthe morning, then return home on its own to pick up the other in order tomake a separate run to a different workplace, drop off kids at school, help runerrands, etc., before retrieving that original drop off at the end of the workday.

#3 — Over-the-Air updatesTo constantly improve safety and reliability , these cars will get over-the-airupdates from the maker using the internet connectivity

#4 — Reduced House PriceWhen it comes to buying a house, there’s no such thing as free parking — butwhat is the premium for each additional car space? Parking rules has a lot tosay.

#5 — Money SavedResearch firm ARK Invest concludes that the cost of operating a sharedautonomous vehicle fleet could be as low as $.35 per mile, less than 1/10th asmuch as the cost of traditional taxis, and about half of owning a car.

Living-as-a-Service & Co-Living : Reasons WhyMillennials don’t Want To Own A HomeIn the new future we will value experiences over possessions.

Generation Y is choosing to do away with belongings and hassles that comewith every new house.

What is preferred today: — Living with other like minded young professionalskeen to connect, collaborate and socialize

It is a model of a micro-society with private space and common services

Shared living spaces are booming in major cities as young people seek a moresociable lifestyle, according to the entrepreneurs behind the “co-living”accommodation trend

More ever, Home price growth is exceeding growth in wages — but demand isstill increasing