The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
In 2009, my husband and I were forced to move to another state for work, leaving his 2 daughters living with their mother. In order to see them and spend time with them, we needed to either fly out to see them and rent an expensive hotel room for all 4 of us, or fly both of them out to see us, but they would have to sleep on the floor in our small apartment. Neither situation was ideal. As AirBnB hosts, we are now able to own a second home in the state where the girls live. When we are there, we have a large, comfortable space to share with them, and my husband is able to go out and spend long periods of time with them in our own, familiar surroundings. When we are away, the AirBnB income allows us maintain the property without it being a huge drain on our finances. As travelers, we find that AirBnB places suit our style more than hotel rooms, and it allows us to travel more freely and frequently. We continually find comfortable, affordable housing that is not stuffy or restricted. We can cook, eat, watch TV, enjoy the outdoors, and have more money in our pockets to spend on nights out, theatre, snacks, or whatever we choose. When we are with the kids, we are happy to have the extra bedrooms, dining room, living room, etc that hotel rooms cannot provide on our price range.