The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Airbnb has helped me tremendously. I'm a freelance editor and director trying to live in an incredibly expensive city. I have been able to rent out my living room, it's completely private with a door, on the months that I'm not working as much to help supplement my very expensive rent living in NYC. Airbnb away for people who aren't super wealthy to afford living in this city. I know landlords don't like it because they think we are making a profit from renting our space that should be for them, when in actuality there is no way I'm making money, they are just helping me pay for my rent. This year I already paid 7,750 in rent and I have received only a little over $2,000 from Airbnb. It's not even half of the amount, but it's extremely helpful! I also rent my whole apartment while I'm gone on business trips or personal trips. This allows me to actually go on a vacation instead of being stuck. I freelance so when I have time off, it's not paid, so they actually contribute to helping me pay the rent which in turn gives me a little extra cash to travel back home to visit family more often. Lastly Airbnb is beautiful set up. You feel comfortable and confident renting your space as each person you rent to has a profile and if they stayed someplace already, they have reviews. All of my guest so far have been courteous, clean and cordial. Please allow us to rent our places, we are already paying tax on it, which needs to be updated too because I pay tax on this "income." But I can't write off my rent because I rent and don't own. I should be able to write off the portion that goes towards the rent.