The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My college daughter and I run airbnb out of our home for two reasons: to raise money for college expenses and to offer low cost hospitality for others. This industry helps us with college costs becasue we can turn an under utilized asset (our basement) into a small business. We would not have this option otherwise to make extra money since we both hold down 2 jobs each. Airbnb offers the technical support, marketing, etc to make this possible. Additionally, we offer friendly, housing to many people who cannot afford hotels or need other features not found in a hotel. We are NOT taking from the hotel industry. Instead, we add to the economy by spending money from this income. We report it, pay taxes on it and then put it back into economy. Adding an additional expense of hotel taxing rates WILL kill this industry and keep many of us from being able to use our homes to generate income. Any further regulations will hamper airbnb and this niche market. We are not competing with hotels and do bring people into our areas to shop, eat, tour. PLEASE DO NOT limit Airbnb and other related businesses.