The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
AirBnB is an amazing site helping people find a comfortable place to stay and enjoy while they are traveling either for pleasure or business. AirBnB has many ways to verify a person's identity and it is very easy to have a conversation with the guest, see pictures, read their profile and make it easy to decide to host someone. Much like the old days of the couchsurfing.com website, it is a cultural exchange. You meet the guests and get to know them, and their culture, their ideals and beliefs, quite often creating lasting friendships. AirBnB also allows someone a way to make ends meet. I can host for 7 days in a month and make the same as if I had a roommate living here full time. So it helps me make my mortgage payment. The guests also put money into the local economy. The guests visit the local markets and stores and restaurants, supporting the local economy all while staying in a place they feel comfortable and at home. The guests who use AirBnb don't like the loneliness and sterile of the overpriced hotel rooms. I am lucky because I live in a university town that doesn't have enough hotel rooms to accommodate the parents of all the students coming here and later graduating. The cultural exchange and sharing economy is the best part of Airbnb. I absolutely love hosting!