The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
I have been a homeowner/taxpayer of Sherman Oaks for the past 27 years. I am a UCLA graduate and I have owned a home in Los Angeles for over 35. I am the originator of my Neighborhood Watch Program and I have been active in organizing programs with my neighbors to benefit and interact with LAPD and LAFD. In the past year, I have been home sharing to afford to stay in the home where I raised my children. Last year, I lost both parents, had an expensive divorce, started two businesses to support myself due to a decrease of opportunities in my industry. Home sharing does not provide me a profit to date as I am still recovering construction expenses, but it is allowing me to stay in my home. My mortgage, my property insurance and my homeowners insurance are paid for by the income from renting out rooms in my own home. I am always on the property when guests are here because my permanent residence is in the house with my guests. My neighbors have been very supportive and have referred their visiting families to my home. I have been fortunate to welcome people from all over the world to Los Angeles and because of my many years in this city, help these visitors to find wonderful things to do in Los Angeles. I also have created relationships with nearby restaurants to offer my guests a complimentary coffee, glass of wine or dessert if they visit neighborhood businesses. Home sharing is something I not only enjoy immensely and direly depend upon for my financial support as I near retirement age. If home sharing is banned in the city of Los Angeles, I would not be able to afford to live in the neighborhood where I raised my family and where I have called home for the majority of my adult life. Ending my home sharing business would force me to sell my home and move out of Los Angeles, the city that has been my home for over 35 years and more importantly, where my industry for employment is based. I implore you to support homes sharing in Los Angeles and pray you will become an advocate for your constituents who are choosing to create a way to support themselves in the privacy of their own home in the tradition of the historic all-American boarding houses.