The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01421

Submission Number:
01421
Commenter:
Catherine Clemens
State:
Montana
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Thanks you for the opportunity to comment on the sharing economy. I am an Air BnB host. The opportunity to be a host means the difference between living on credit card debt and saving for retirement. I have been a homeowner for more than 30 years. When I accepted a position in Big Sky, I used the proceeds from a Colorado home to purchase a condo. Soon after the closing I was faced with a property tax bill that doubled, a owners association fee that was not disclosed and a condo HOA fee that increased by 30 percent. I decided to try to The Air BnB concept to help with the unexpected costs. The experience has not only helped with finances but also been life enriching. I have met amazing people from all around the world. I can pick when I want a guest and when I want room for my only child or parents visit. I feel safe and work hard to help people enjoy their vacation. Air BnB does all the work checking backgrounds, etc. I pay all taxes and in fact my CPA said "most people don't claim income like this" to which I replied, "Not with Air BnB, I am on the Internet and I get a 1099, we can't call this a hobby." This income is a life saver for me and I am helping people that would not otherwise be able to afford the joy of visiting Yellowstone National Park. I can say without reservation not one guest would choose sharing my home over staying in a motel. They would just go to another location with cheaper rooms and never see America's oldest park.