How often do you need a tile cutter, a ladder or hedge clippers? If your answer is ‘not very often’ then you could use a tool lending library, and so could a lot of your neighbors.
This is a community project that the Phinney Neighborhood Association in North Seattle has operated for years. Low cost rentals for tools by the week ($10/wk. for a tile cutter) means I don’t have to buy one (and store it and maintain it) and the money stays in the neighborhood rather than in the pocket of a big box store.
I think every neighborhood needs a tool lending library. I’m filing this under community projects.