The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01554

Submission Number:
Kim Anderson
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
To Whom it Concerns in our Legislators Committee: I am a middle income person with a median home for my region. I have an average job with the median salary. My home is the only asset that I possess due to the repeated downturns in the economy over the past many years. My company offers no retirement and barely offers what is a horrible high deductible insurance policy. As a struggling small business, there have been no raises for for us and I have been grateful to have a job. As a result, and due to excessive increases in health expense costs, food costs, and living costs it has been necessary for me to utilize this sole asset in a creative way to supplement my income. I enjoy others and enjoy a home environment myself when I travel rather than the coldness of a hotel and the continual add-on of every single thing in that environment. Thus, I decided to use my love of providing hospitality, the pride of my home, and my need for supplemental income through occasionally reception of guests via AirBnB. It allows me to meet unanticipated expenses (such as after I was hospitalized and had huge medical bills)in practical ways. It contributes to energy and resource conservation since I already possess and use my home anyway. It stimulates the economy since I pay taxes and can purchase what I need with the income. Additionally, it improves society by making those of us in the world more connected. I have hosted people from New Zealand, India, France, Polynesia, and varied places in the U.S. With each experience I gained greater appreciation for the commonalities of humankind. This has led me to make more conscious decisions about all kinds of things and to be a more responsible consumer. Without the structure of Airbnb, it's insurance, its problem resolution team, and the security of its processes, this would not ever have been possible for me. The financial asset of my home would possibly have proven burdensome instead of beneficial to me. Clearly the Great Recession has challenged a great deal of us to believe in a sharing economy where resources are shared. This leads eventually to a different and better attitude for our entire planet. A culture of hospitality and sharing strengthens our society and I am proud to be a part of this movement, in addition to happy that I am able to find a creative way to live within my means and be self-sufficient economically. Please support AirBnB and other sharing economy venues for these reasons. Kim Anderson St. Louis Park, MN