The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01281

Submission Number:
01281
Commenter:
Wilfred Hirst
State:
Massachusetts
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Hello, I'm a working professional living in the Beacon Hill area of Boston. My rent is $3,600 per month and is considered low in my neighborhood... I rent out one room in my apartment in lieu of having a roommate because it brings in more revenue than a renting to a tenant. The additional revenue I'm making from Airbnb is and the money guests are saving is benefiting the local community. Peer-to-peer sharing has benefited my life in a way that I would never had imagined. - It has enabled me to take take to build my own business. - It has enabled me to live in one of the most desirable neighborhoods in the country. - It has taught me about other cultures on a level I would never be able to attain from a book or video. Hotels near my home charge upwards of $400 per night. The hundreds of dollars our guests are saving is being spent locally and are not going to large hotels chains. Thank you for your time and I hope you peer-to-peer sharing is here to stay. -Wilfred