The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I purchased and renovated a house in New Orleans after Hurricane Katrina as a retirement home. My girlfriend and I will be moving there within the next decade. We had to do a complete gut renovation in order to get the place habitable. Since then I have had to do other major work on the building to keep it sound. I rely heavily on my airbnb income in order to keep up with repairs and maintenance. Without the added income from airbnb I would be struggling to hang on to the home we want to spend our retirement in. I feel I have every right to do with my property as I wish. I grew up in the 1950's when owning your own home was a cornerstone of the American dream. Being told by the hospitality lobby that I can't let people stay in my own home goes against the idea of that dream. Most of my guests say that if they had to stay in a hotel they wouldn't have made the trip which would be taking money out of the local economy. They also believe that staying in a more genuine neighborhood enhances their experience (especially in a town like NOLA). Perhaps the hotel industry should consider pricing themselves more competitively. Thank you for the opportunity to voice an opinion on this matter.