The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01626

Submission Number:
01626
Commenter:
Breedeen Pickford-Murray
State:
California
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My husband and I rent out our home in San Francisco through Airbnb. In order to purchase our condo, we needed to take out a loan against my husband's retirement account. We are both teachers and paying off this loan would have taken us up to five years. By using our income through Airbnb to pay off this loan, we will be able to do so in under three years, freeing up our take-home income for other living expenses and long-term savings. It has been a huge help in getting us on top of our debt.