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As the sharing economy explodes in growth, with new startups emerging regularly, many city officials are left scratching their heads wondering how to deal with this industry. From Uber and Airbnb, which have become what Shareable co-founder Neal Gorenflo describes as “death star platforms," to local sharing projects, much of the sharing economy remains in grey areas. 
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Chris Michael is laying down some hard truths. The founding director of the New York City Network of Worker Cooperatives (NYC NOWC), Michael gives a lot of thought to our collective relationship with work and he doesn’t like what he sees. “For the most part, here in the West,” he says, “we’re under the direct, minute to minute, command and control of the investor class.”
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Faced with the rising rents of commercial properties in cities, one New York organization is modeling a way for people to invest in permanently affordable, commercial real estate. The New York City Real Estate Investment Cooperative (REIC) leverages patient crowdfunding—small investments by a large number of people over time—to turn vacant municipal properties into sustainable community resources.
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