The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01076

Submission Number:
01076
Commenter:
Teresa LaFountain
State:
Michigan
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
When both my husband and I lost our jobs we had to quickly come up with some creative ways on how to replace our income. Since we are in our mid 50's we were finding it hard to find employment, as no one was interested in hiring us at our age. When we heard about Airbnb from a friend we were skeptical at first, but after looking over their website and talking to others who participate in it, we decided to give it a try. We don't make a lot of money from Airbnb but it certainly has helped us supplement our income and has kept us from losing our home. Now, our home works for us, so we can keep it and afford to pay the property taxes and upkeep on it, thanks to Airbnb. Airbnb provides a verification system to ensure that we are hosting people that have been "pre-approved" to a degree. Also, we can go on their website and read reviews on them as a guest so we can make an informed decision to either accept or decline a request for a stay. We always make sure to have a list of local attractions, restaurants and shops for our guests to check out while they are here. On average, our guests spend $ 100.00 in our local community. Having the opportunity to take advantage of Airbnb to help supplement our income is so important to the Middle Class of America. When we can't find an additional part time job or are too old and tired to work additional hours, it's critical to our income to be able use our investment, our home, as a tool to help us make ends meet.