The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #00377

Submission Number:
00377
Commenter:
Rosemarie Ndupuechi
State:
Minnesota
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Dear Sir/Madam: My name is Rosemarie Kelly Ndupuechi, and I'm writing to ask policymakers to represent American citizens by embracing the new economy and way of making money by accepting the growing shared economy as a revenue generating source for entrepreneurially minded homeowners. I would also like to remind policymakers that America represents creativity, entrepreneurship and a free market, all of which airbnb allows people like my husband and me to make money with our homes, our property. Airbnb has offered my husband and me an opportunity to use our home to help us build wealth. What is more quintessentially American? Using what belongs to you to help you build wealth. After researching many options to use space in our home that we don't use on a continued basis, and to help us pay the mortgage, which allows us theh freedom to be entrepreneurs (I own my own Events Planning business and my husband is a handyman, also with his own busienss), we decided on airbnb for the following reasons: 1. Airbnb helps homeowners with setting up their space, 2. listing their space, 3. vetting guests, which is a high priority for us, 4. getting paid, 5. tips for hosting, and 6. ease of use. Airbnb requires that all guests are verified with a current drivers license or passport. In addition, guests pay up front, so there is not money exchanged on site. THis is a huge comfort to us hosts. In addition, guests and hosts communicate on the secure airbnb site, which is also a great benefit that airbnb provides hosts. All in all, we are really pleased with the quality of servive and follow up airbnb provides. As well, all our guests have been lovely and respectful of our property and our rules. We ask that policymakers support Americans in their quest to be business owners, not put up roadblocks to keep people slaves to mortgage companies. Our goal is to be debt-free by paying off our mortgage. Airbnb is getting us closer to that goal. We are doing no one any harm. We are simply trying to make a living, and live the American dream. What is wrong with that? Why is there such resistance to that? Why are the hotels fearful of airbnb? Isn't competition a good thing? Why are cities balking at permitting airbnb into their system? isn't is another source of tax revenue. In closing, I urge our lawmakers to hark back to what it meeans to live in a free market economy in America. It means encouraging entrepreneurship, creativity, and wealth creation. Airbnb properties should be regulated fairly, but they should be encouraged, not banned. Thank you, Rosemarie Ndupuechi [REDACTED]