The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01217

Submission Number:
01217
Commenter:
Richard Hill
State:
California
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I am close to retirement age and my wife is disabled. We have a small guesthouse in our back yard that we rent to visitors. We are using the money earned to pay our mortgage and hope that we can continue, as our retirement resources are limited and the cost of living is high in San Diego. Our grown children live out of state and we appreciate the ability to block out a week here and there so our children and grandchildren can visit us and stay in our guesthouse. We rent mostly to either couples our age in town to see their own grandchildren or younger couple with small children who can't afford adjoining rooms in a hotel. We feel that we are helping these people with limited incomes and also helping the local economy and the city by paying our transient occupancy taxes. And of course we pay our state and federal income tax on our earnings. As you deliberate, please consider people like us who have found modest but needed income and help low-income visitors through home sharing. Thank you, Richard and Judy Hill