The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01042

Submission Number:
01042
Commenter:
Dennis Liming
State:
Idaho
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I am 63 years old and have been unemployed for almost 3 years now. Continued attempts at finding employment have resulted in dead ends quite possibly because of my age. I started renting my house as a vacation rental and living upstairs in 2012. With a small social security benefit, the rental income has kept me afloat. Without it, I don't know what I would do for income. I am a registered vendor with the State of Idaho and pay 6% sales tax and 2% hotel tax. I have to play by the same rules that the hotels do. My margins are very low. It costs money to keep this house going and upgraded to expected standards. Insurance, internet, utilities, advertising, etc take a big bite. Any additional financial burdens or restrictions will make it unproductive. The people that stay in my house are looking for something other than the typical hotel experience-not to save $ but to have "their own space" and truly experience the community and area. Some are here for medical procedures. All of my guests use multitudes of local businesses and services bringing much needed $ into the local economy. Please consider these remarks in making decisions that will affect our ability to operate. This is truly a local, "mom and pop" business founded on the American principle of the capitalist economy. Thank you, Dennis Liming