I guess it all boils down to each particular situation.
Some communities/ families work well with sharing equipment, logistics and the cost.
And when they move away,or when something breaks, they will have to resolve the cost/investment as well.
Exactly.
My paternal grandfather died 12 years ago. In the 70's, he and his nephew built their own log splitter that was an absolute beast. The thing used a twin cylinder wisconsin with a hand crank to fire it up! It was the nicest splitter I've ever used because that engine only had to run on idle to get the job done the same as modern splitters I've used (which means you could still BS with the person you are working with and enjoy the splitting experience which is important IMO)
Anyway, even though it had been 12 years since "papa" died, the daughter of the nephew he built the splitter with, and I struck up a conversation this summer about wood burning and she made it clear that I still have claim to that splitter if I ever want to use it.
In the right circumstances, things like this work. But, you have to KNOW the people you are working with and be prepared if things don't go as planned.
pen