The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Our first experience with Airbnb was to rent a house close to our own home for just a weekend and it was fantastic. Having access to the host and their story, as well to the comments from previous renters we felt confident about the place. It surpassed our expectations and the opportunity to communicate directly with the host was great. They shared information about the neighborhood and hidden treasures such as the local farmers market that we would not have otherwise found. Airbnb is allowing us to take our four children, ages 16, 14,11 and 9, to Europe for the first time this summer. We found all of our accommodations through Airbnb and will also be hosting. For the six of us hotels are cost prohibitive and don't provide the conveniences that we need such as a kitchen. By using Airbnb we have found homes in five cities in Italy and Croatia that we'll visit over five weeks. While we are away we are renting our home to some visiting professionals who will be studying at the local university. As hosts we get many benefits including the value of having someone in our home while we are away. Other times we have had to find and pay house sitters and it has not worked out very well. Furthermore, the money we will make from renting our home allows us to make our own trip longer. Our hope is to spend more time away by acting as hosts to subsidize our travels.