The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I own a home in a resort destination. I live alone and am a 'retired' high-tech executive. I say 'retired' because I'd love to find meaningful, challenging part-time work to supplement my savings, but there are no such jobs here. Airbnb provides me with the opportunity to earn seasonal income from the guest room and bath in my home, to meet some interesting people and to share the things I love about this area. Airbnb provides valuable and essential services by taking the risk out of these arrangements. They verify the identities and contacts of guests, create a community of guests and hosts, host the listings, and process bookings. By processing the financial transaction, they also eradicate the risk of non-payment or additional unpleasant price negotiations on-site. I love sharing my home with guests and the additional income -- but without Airbnb, I would not be able to do this!