The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My fiance and I own a small cottage in the beautiful Hudson Valley. In addition to spending weekends and holidays there, we rent it to other families who want to get out of the city for the weekend and enjoy the country. We establish a rapport with those who choose to stay in our cottage. We have regulars. We are making connections with people that we otherwise would not know. Our cottage is an important piece of our livelihood. We are a middle class family of two right now - and once we marry this summer we will start adding to our family. In the short term, the cottage is an expense that we can afford, thanks to the dozens of renters who have spent weekends there. As the years go by, it is important for us to accumulate wealth so that our family is secure. We are investing for our family. It is also important to us for renters to enjoy the Hudson Valley. We make sure to inform them of local events and the many cultural opportunities that the area has. We make sure to tell them about the neighbor down the road that raises free-range chickens (his eggs are wonderful). We also make sure to tell them about the general store that sells locally made sausages (they are also wonderful), just to name a couple. We want our neighborhood and our town to be successful. We want our neighbors to be successful in their enterprises. We want our kids to enjoy the cottage. We want to be a secure family. For now we need to share our space with others, and that is okay by us. We've met so many friendly people who enjoy the cottage as much as we do.