The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
As an Airbnb host, the experience of hosting visiting families has been an exciting and rewarding experience. Being in the greater Washington D.C. area, we host families and individuals who are tourists, students, workers, photographers, artists and the like. These visitors then support the local economy by patronizing local businesses. The income we receive helps keep us in the home we love and in the area that is close to our work and downtown attractions. Airbnb has been a great partner in this endeavor by providing us protections against fraud and non-payment, and a web-space where people can easily browse and find our place. The review process helps us determine our guests and allows them to see reviews of our space by people who have stayed with us. As a family of six, living in one of the most expensive areas in the country, Airbnb has made it possible to make ends meet, and support our family's needs. We provide a service to people as an alternative to traditional hotels and motels. We provide a home-like atmosphere to travelers and their families. Also, as a 1099 type income, our Airbnb income provides tax revenue to our state and federal governments as well. We firmly support the sharing economy, and the benefits it provides us as a middle class family in tough economic times.