The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
As a new host for Airbnb, I see great benefits for the host and visitor. As a host, this extra income helps significantly in paying my household bills. I live in Brooklyn, NY where there is an influx of people from different parts of the US and NYC coming here. Rent increases are incredible and the architecture is changing from 3- to 6-story buildings to 20-story buildings. The rent or mortgages are so high. If Airbnb didn't exist, we'd face serious financial problems. Further, staying with us, gives people a chance to see other parts of New York City besides the usual Manhattan tourist sights. Something I recently learned is that people outside of the US have an inaccurate picture of African Americans. My last visitor told me that he was told that my neighborhood would be bad. He walked down the street to see a regular quiet neighborhood and was asked did he need a lift to where he was going. So, I'm unexpectedly representing African American culture.