I saw on the news recently that families are renting cars during the festive seasons mainly because they want the convenience and better savings in view of taking cabs. Yes, you guess it, car rental companies laughing their way through the Chinese New Year.
Another phenomenon i found out is HDB flat rental. With the influx people into Singapore to boost the population, rental has hiked to unbelievable levels. Therefore, I think that it certainly makes good biz sense if u has a car or a room that you seldom make use of and rent it out. For those who have real deep pockets, start gathering a fleet of cars or better yet, several rooms to rent them out! Now thats what I call passive biz, earning money without even lifting a finger! Hehe..
Heres a helpful article on "What do I need to look for in renting property?" for those who are interested in renting out property: http://www.sg-house.com/blog/category/articles/
However, this idea works for people with deep capital. Hence I think this can only led to the rich getting richer and the poor poorer, enough said.
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