The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My husband and I were able to send our three children through college thanks to federal loans. Since my husband's retirement, paying back those loans has meant we had less for utilities, gas for the car, and groceries. There was no savings. Renting my son's room through Airbnb has made an incredible difference in a variety of ways. Not only are the federal loans easier to pay, but we will also be able to attend our youngest son's college graduation in another state. I also feel more like a business woman and a contributor to our household finances through the commerce of Airbnb. I have met wonderful people via the Airbnb experience that I would never have met before. We have unofficially adopted many of them. Their experiences have enriched our lives. One young man from England had his passport stolen at a hostel in California after he left our house. He called my husband with questions about what he should do, because he trusted us. We were able to put him in contact with the right individuals to assist him. Our mutual Airbnb connection became an opportunity for international good will. I have not had one problem with any of the numerous guests we have had in our home, which I contribute to Airbnb's safety protocols and sense of community. I no longer know how we would have been able to meet our financial needs without the Airbnb opportunity. Our lives have grown greatly through our Airbnb experience.