The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Airbnb has been a viable source of income for me. I am a retired teacher and part time substitute in community schools and juvenile hall. After I retired, my income was not sufficient(especially since congress thinks all the years I worked in the private sector don't count and my $1800/mo teacher's pension is a "windfall" and cut my Social security by 60%). I was collecting Unemployment and worked a full year in a Charter school after retirement to pay bills. Now, my income is supplemented by Airbnb. It is only +-$6000 a year, but it makes a big difference to me.It beats collecting unemployment. I feel secure with the renters not only because the studio is a separate apartment from my residence, but because Airbnb relies on reviews of hosts and guests, one can be fairly certain that the person is decent. In addition, they know where to find them and their credit history. In summation, the good points about Airbnb are that I can make ends meet, they send a 1099, taxes are paid, people are happy to have guests and to stay in homes rather than hotels (quieter, more personable, and meals can be prepared) So, if Congress is thinking of "regulating" this economy, I have one word of advice. It works. Leave it alone. Many people would turn to food stamps and government assistance without it. "If it ain't broke, don't fix it." Thank you.