The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I am 76 years old. My home is in Los Angeles but I need to be in Northern CA about half of each month because I go to Stanford Medical Center. I put my house on AirBnb while I am not there. I did it both for the money and because I wanted to share my home and my local neighborhood with visitors to Los Angeles. The extra money from AirBnb has been great - I use it to cover my travel expenses to Stanford Medical Center and also to pay for certain treatments not covered by insurance. In my guestbook, I recommend my favorite local restaurants and stores, and the owners have told me they really appreciate the extra business. Even though I have pensions and an IRA, I find living on a fixed income is a challenge. The AirBnb money has definitely changed my life. I have an ease in my budget that I did not have before I listed my house on AirBnb. I am very concerned about attempts by government to restrict what I can do with my home. If a particular house is causing a problem, local govt. should address that specific problem -- not through the baby out with the bathwater. I am very respectful of my neighbors. I do not rent the house out as a party house and I ask my visitors to be quiet, especially at night. By the way, I also think Uber is great. Now I can go out at night and not worry about driving or where to part or walking to my car alone in the dark. Uber is very affordable and gives me incredible freedom to lead an active life.