The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I am a victim of 2009 crushed economy who suddenly at retirement age had to go back to work, rent rooms in my house, and still apply for food stamp just to be able to keep a roof over my head. Without renting these rooms, I would not be able to live on my SS disability even though I had three jobs at one time. I got numbers of unsafe situations by renting my residence through Craig's list to the point that I had to go to court for TRO to get rid of bad tenants. In a short time with Airbnb, I have been able to get better tenants with better financial result to the point that I do not need to have these rooms rented all the time. I am able to enjoy my privacy for few days a month which I appreciate it. The shared economy, presented by agencies like Airbnb, have helped me and people like me to stay in our homes safely while we help others to enjoy less expensive alternatives to high hotel prices. Since government and those in power decided to help banks and throw families out of their homes, we have no other choice to help ourselves by getting more flexible and creative; this is how shared economy has born among the middle class families in U.S. I feel safer to have guests through Airbnb since they are checked by a trusted agency who cares for its members and communities it serves. My hope is that I will never need to go to court again for another TRO or eviction against a tenant because now I feel safer to open my home to members of Airbnb. I am also able to take trip to visit my 96 year young father before he is gone because Airbnb has helped me with my financial difficulties. One more thing, I live in Hawaii and our economy is dependent on tourists, Airbnb is helping our economy by bringing more tourists who use the shared economy as their choice of travelling. I hope to see more of the shared economy in other aspect of our economy.