The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Renting a portion of my home to visitors on the Airbnb website has been a necessary and enjoyable endeavor. Airbnb is a very well run, comprehensive sharing space. Airbnb has gladly negotiated the process between guest and host, and they have clearly defined policies that provide for host/guest safety, as well as concerns on either end. I have had no problems since using their service. As a host, I am able to direct my guests to all of the sites and exhibits that Los Angeles has to offer. I advise my guests about traffic, parking, areas to avoid and general information that ensures that they have a safe and enjoyable trip. My guests have a sense of comfort knowing that I am looking out for them when they are away from home. I know that many of the people that I host have limited incomes and my space makes it possible for them to travel and stay in a city like Los Angeles. This translates to tourism dollars that would otherwise be spent on lodging, or the loss of a guest that would never visit at all. It is certain that the extra income has helped me to maintain my mortgage, which again translates to a more stable economy.