It's a fairly efficient market which means you can generally buy a used drill for the same price that you can sell it for.
It's a fairly efficient market which means you can generally buy a used drill for the same price that you can sell it for.
The whole approach would be more likely to work the more expensive the tool (or other object) and the less frequent your need. Thats why car share services work in cities with 1M+ population, but not in the town of 2000 I live in.
The other thing is informal stuff like this happens all the time. I don't own a MIG welder, but my brother does. He doesn't own a plasma cutter but he has a friend that does. Neither of them own a tubing bender, but I do. So tool sharing is common among existing social peer groups, and it works without an "uber" because there is existing trust within the group that if I borrow and break the welder, I'll pay to repair it. When you lend to strangers, you would need a group to guarantee that your $1200 welder will come back in one piece.