The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Airbnb allows me to pay my mortgage and restore my circa 1890 historic house. This was my first home purchase and I quickly realized how very expensive home owning could be. I could not afford my mortgage and the costly upkeep of restoring an old house in a downtown historic district. Instead of getting a roommate, I found airbnb. It has been a life saver, allowing me to keep my house and restore it properly, which benefits the entire neighborhood. In addition when my partner lost their job last year, it was not nearly the hardship it could have been, as our mortgage and bills were paid partly through our airbnb income. In addition we've met countless individuals from all over the world. We have been able to give them a "local" experience. We direct them to local businesses we like and keep the money within the community. I pay taxes on my income and bring in money for government. In a world were we are becoming alarmingly disconnected from other people, where we are quickly losing the "human" aspect through digitization, airbnb allows us to reconnect with real people and make lasting human connections. I think the sharing economy is one of the most amazing developments this decade and I hope to see it continue to grow.