The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Hello, Renting out my little studio apartment to short term vacationers and business people has allowed me to pay the deductible and co-pays for the self employed health insurance I purchased for our family through the Covered CA program. To keep the monthly premiums affordable, I chose a plan that has a very high deductible and that leaves me responsible for 100% of the bill until I meet the annual deductible. That said, we have a college age student that has had to see urgent care staff since moving away from home to a college town 5 hrs. from us. [REDACTED] My vacation rental money [REDACTED] has afforded me the opportunity to help our daughter pay for state college tuition. She is taking on student debt, but it isn't as much as she otherwise would have thanks to the additional money I am able to generate by renting out our little apartment. My vacationers also spend money in our local markets, eat our local restaurants, spend money on entertainment and transportation, all which supports our local economy with tax revenue. Please understand that vacation rentals offer a valuable service that generates new tax dollars for local economies, as well as helps those families like mine pay their bills on time and help our kids afford to go to local/state colleges. Please consider drafting fair legislation for both the host and the travelers that access these vacation rentals.