Basically it seems to be like a club or partenership.
Someone has to actually buy the equipment and then leave it on site for other people to use ? Personally I would not trust strangers to use what I paid for. Then there is the question about "tooling" rather than just the main tool. I sure wouldn't leave expensive tooling there even if I had a machine there. What about liability if someone gets hurt operating your machine? When you are dealing with a specific group like airplane builders there is probably a lot of room for trust. Dealing with the general public, I wouldn't trust just anyone to have access to my stuff.Perhaps there is something I don't understand about how this actually works.
Myself, I would rather take that money and put it toward something I keep. If you pay attention, you can buy and sell and end up with not too much money in some nice equipment. You have to recognize good deals and step up with a little saved cash. Use it for a while, save some more money and buy a better one and resell the less desirable one. You can actually MAKE money sometimes. Most old tools are well built and last virtually forever with the minimal use we give them. I admit that I have been very lucky in acquiring some of the stuff that makes up my shop, but you have to look in order to find. Friend of mine wanted a brake and two were for sale at the auction. I told him one of the little tricks to bidding, and he let it bid to $500 and then dropped out. I had told him that whoever bids the round number ($500) will usually get the item.......but if you are willing to go one or two bids past the round number you often will get the item. People pick a round number and won't go past that number. So if you bid the round number or go one/two bids past it.....you win. He stood there and wouldn't bid. Now the thing to realize here is that this was
a very heavy duty older brake. It was much stronger than most of the ones you see. IT WILL ALWAYS BE WORTH WHAT YOU GAVE FOR IT. (I have only seen a couple of similar brakes sell since then and they went for several thousand dollars because they were so heavy duty and were finger brakes. Just can't hardly find those.
So the next brake comes up for sale. Its a 10' leaf brake. Bidding stalls again at $500.......and I'm staring at my friend encouraging him to bid. He turns away, so I bid. I wasn't looking for a brake at that time, but wth.....So I bid $600, get countered with $700 and rebid $800. I won! My friend comes over a little later and offers me a $100 profit, which I declined. Paid the taxes and $30 to get it loaded on my trailer. So for less than $900 I have a very nice brake. (I already had a 14' brake that I drove to Michigan to get.....but it only had a thin capacity)
Anyway, the auction progresses and there is a nice little work table about 16' long and maybe 2' wide that I want. It has a bunch of blacksmith tools on it. I don't know anything about blacksmith tools. Bids go up to about $250. Thats way more than the table is worth, but I figure the blacksmith tools might be handy for forming aluminum. I get the table home and its perfect for putting tools like a chop saw and drill sharpener on. Start selling the blacksmith tools and find they are a veritable gold mine. I sold most of them and took in about $1500. So I have nothing in the table or the 12' brake and am actually several hundred dollars ahead. I still have a couple blacksmith items worth maybe $150 and a brake worth $2000. You just have to save a little money to bid.
My point here is that this is a true story and I have done similar things many times. Sometimes I just buy something and keep it....but its always worth similar money later, and maybe even more.
That 12' brake I bought for $800 can be sold any time I want for $2000 or more. And "YES", I do admit that once in a while I pay too much for something and loose a "little" later. Overall though I am way ahead of the curve.
I think this shows I do more than "talk" about making chips.