The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #00642

Submission Number:
00642
Commenter:
Kerr
State:
Oklahoma
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
AirBnB and its idea of a sharing economy has been a breath of fresh air and has helped restore a feeling of trust and belief in mankind. As an AirBnB host I feel my life has been greatly enriched in every aspect. Income from AirBnB has helped off set the cost of living, paying everyday bills and fulfilling needs in my home. It has also allowed me to eliminate debt and stay out of new debt. AirBnB encourages and enriches local economies in every city. AirBnB in their approach to the sharing economy has created the most amazing and intuitive tools for booking, messaging, and resolving any disputes that may arise. Those who use AirBnB have the best tools to make their choice on where to stay and what spaces suit them the best. This "Choice" gives all hosts incentive to improve and constantly upgrade their spaces, this bring more advantage to the economy outside of the regular "tourist/travel" domain. The ability to open ones home to others and earn income that can help with a middle class family's budget and expenses is so helpful. Anyone can open their home and host and supplement income, not everyone can take on a second or even third job that would be needed to generate the same amount of income. AirBnB can also encourage international travelers to come and spend money in local communities, the "Home" feeling that is apparent in many host homes and spaces create a feeling of togetherness and community. International travelers who experience this are much more likely to spend money and encourage others to travel to the states for the same experience.