The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
To whom it may concern, I have been renting rooms in my home thru airbnb for a couple of years thru airbnb. This opportunity has allowed me to stay in my home after my children moved out. The extra income allows me to enjoy more flexibility in my life style. As I move towards retirement, I will use this activity to supplement my income to make ends meet and pay my monthly bills once on a lower fixed income during retirement. I pay state and local taxes on the rentals and include the income in my federal tax return so all of the government agencies that tax also benefit from my activity with airbnb. Another benefit is a human one. I have been able to enjoy the company of my many guest in my home. In the simplest of terms, I have made a bunch of new friends thus improving my quality of life. I have been exposed to a variety of different ethnic cultures and that has expanded my horizons and understanding of how to deal with people from different back grounds. I realize you are looking at the "sharing economy" and that includes a lot of other types of situations besides short term room rentals, I like the structure airbnb has put to the short term rentals. they have had growing pains and have addressed issues as they arise. I believe as long as a parent organization exists that will monitor and help insure both service provides and service users have some protections in their interactions these activities should be allowed and even encouraged. Its a win-win for everyone involved giving the everyday average American citizen opportunities to realize their American dream with the extra income garnered thru the sharing economy. I realize there is concern for regulating but we self regulate especially with reviews from those who have used the actual services. Good service provides will thrive and the not so good will not. Please to contact me if you have any additional questions.