The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #00194

Submission Number:
00194
Commenter:
John Haynes
State:
Texas
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My AIRBNB listing in Plano, TX 75023 has provided vital economic benefit to myself and my family. As a 54 year old, saving for retirement while paying for college; the extra income; about $14K last year, was crucial to me meeting my immediate college payment needs while staying on track with my retirement savings plan. Without the extra income, extra debt and or loans against my 401K would have to be made. Tis also provides vital savings to those renting our home many of which stay for longer periods of time to complete things like a surrogacy twin birth and adoption, a transition to an overseas assignment for a major multi-national corporation, or just gathering a complete family together in a homey setting for a traditional family christmas. The insurance and service provided by AIRBNB not only make renting easy but also peace of mind for both the host and short-term renter. Similar business that facilitate a sharing economy should be strongly encouraged as it is a win for the economy, individuals and the environment as idle under utilized resources are put to more use to the benefit of everyone. Please visit my listing at https://www.airbnb.com/rooms/2861830?checkin=07%2F06%2F2015&checkout=07%....