The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01405

Submission Number:
01405
Commenter:
Thomas Wetmore
State:
Vermont
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I can't say enough about airbnb. We have had our family home listed since May of 2014. The home formerly belonged to my mother-in-law, who died at the age of 96 and left the home to my wife and me. We do not wish to sell this historic house, with its lovely Vermont character, gardens and views set within the hills of Vermont and New Hampshire. Our hope is to one day have one of our children move in to this house once they are ready. For now, we'll rent it via Airbnb and let others enjoy its unique beauty and character. Airbnb has been the perfect way for us to get reliable, responsible guests from all over the world. We have been able to generate just enough income to maintain the home, pay the taxes and utilities and to buy everyday items needed within. Many people staying with us were first time visitors to the state. They have found an intimate, very personal space to rent and have said so on our reviews that you can see on the airbnb site. We're proud to say that we were recently designated a "Superhost" by airbnb for our commitment to our guests. Our guests have generated income for not only us, but for local businesses and restaurants. We have helped the state of VT via our 9% rooms and meals tax that we pay vigilantly. We hope that the FTC does not impose undue regulation onto this form of hospitality as it would make it very hard for us to generate the revenue we need in order to maintain a home that has been in the family for many years.