The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I am a user of Uber, Lyft, and AirBNB. I am have stayed as a guest through AirBNB in London and Paris. Due to the success I had I decided to use AirBNB with a cabin I own in North Georgia. Initially I just wanted people to come and go, preserving my empty home. However, I quickly discovered all of the income I earned could be re-invested. My home is in White County, GA (Cleveland). The recession took a huge toll on the people. Because of AirBNB I have been able to pay my cleaning lady about $2000, $2000 more than she would have made. I have spent another $2000 or so at the local hardware store, not a box store but a locally owned business fighting against the big chains. Last month I paid a local person $275 to paint my deck. He has been unemployed for some time and does odd jobs. In each case the dollar I generated from AirBNB has gone back into the local economy and will be spent locally. My cabin is where I plan to retire. We are supposed to be a self-sufficient nation, I am working to make sure I have a retirement home in place and AirBNB is helping me get there. SINCERELY John R. Nelson, P.E.