The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
My comments mainly regard Airbnb. I am a NYC property manager as well as condo unit owner on the board of the HOA, so am intimately familiar with NYC building needs. Most of the housing stock is aging infrastructure, and costs for upgrades and repairs just about always outweighs available funding. This leads to long term deferred maintenance, and deterioration sometimes reaching a critical and dangerous state. It is my belief that a regulated conduit can be provided, and building-level tax base can be created, to offset building repairs and capital improvement costs that are direly needed, while also improving the surrounding local economy. Further, climate change and current affairs with its inherent uncertainties behooves inhabitants to be as prepared in disaster response as possible; companies that are a part of the sharing economy help foster a city's flexibility and resiliency.