The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #00295

Submission Number:
00295
Commenter:
Michael Parks
State:
California
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Sirs; I would like to tell you our story about AirBnB. We have been hosts for AirBnB since January of this year. It has been a very good experience. Both my wife and I are 70 and been retired for several years now. I was a photographer and she was an Optician. We are, like so many others in our generation now on a fixed income and honestly we do not find that a burden. We have been traveling very much and that does eat into our retirement fund. We own our place and are very happy in Costa Mesa, CA, but do find the cost of living to be accelerating. After several friends who are also AirBnB hosts encouraged us to look into the program, we decided we'd give it a try. We listed and found that we were booked right away, and it seems continually. It has really been a great experience, with so many guest from all over the world. It is easy and we keep track of what is going on in our home. Our guests are quiet, friendly and tidy. From what our guest say, it is much nicer to stay in a home and at a less expensive price than most all of the hotels around us. Most guests are on a limited income and want to stretch their dollar. They generally are here for business, but also some for pleasure at the same time. We do not provide anything but a continental breakfast, laundry facility and toiletries. Most guest eat out and shop in the nearby shopping centers, so they do spend some dollars here in our town. That can't be a bad thing. We get paid and help from the AirBnB staff and they are quick and very helpful. We put money aside for taxes, if that ends up being necessary. I know that we are already set up with our 1099 with AirBnB. We have so enjoyed this project and meeting so many new people and also helping them with their stay. I would hate to have this taken away or even taxed so that we couldn't do this anymore. Mike and Joan Parks