The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Sharing economy? Never thought that I needed to participate in that adventure. Our family suddenly found itself in need of more revenue; no drastic incidents, no extra ordinaries Doctor bills, no loss of jobs,just plain and simple; cost of living went over our heads. With both working full time, not seeing and change in wages for years the revenue earned, was not enough. AND WE ARE CONSIDERED THE MIDDLE CLASS. Our biggest asset and our proud achievement was our home. Growing up, my parents as well as my grandparents always rented rooms to supplement their income. When we read about Airbnb and the concept we decided to participate. The systems put in place, such as ID verification, pre payment and maintaining the website was just what made this situation work for us. We have grown into our role as "Hosts" and love the folks that we meet from all over the World. We live in a rural community with no Hotel or Motel. Any time there is a wedding, or an event, folks are searching for a close by and reasonable place to stay. It also helps our local economy when our guest stroll around town and shop and dine here. Its been working for us, we are supplementing our income and staying on top of our bills. Sharing economy works, its not a new concept; its using your assets and making them work your you. Embrace It, it will continue evolving and it will become a vital part of any economy. Sincerely, Gabriele Kessler and it still is evolving.