The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
While I find the term 'sharing economy' disingenuous, I am a host of a short term rental, utilizing Airbnb and other hosting sites. Sharing economy is not what this is. It's commerce and capitalism. Let's just call it what it is. On the positive side, at 63 years old, this is supplementing my income such that I feel financially secure and am able to plan for retirement. My chief concern about the expansion of short term rentals is that it is regulated in such a way that long term rentals are becoming out of reach for residents of a city. Short term rentals are so lucrative that many are taking their available housing off the market for residents and earning much more by offering them to vacationers. Portland has enacted, but not enforced, regulations to prevent this. There is a conflict of interest when a municipality draws up legislation to prevent everyone from turning rooms in their house or an auxiliary dwellling unit into a vacation rental, but then Airbnb forwards the occupancy tax revenue directly, despite most hosts not becoming permitted. Portland declines to enforce it's required hoops to become legal and benefits by the taxes collected.