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And mayors, governors, and elected officials nationwide are disposed to not liking any of this freelance enterprise because they don't know how to tax it and regulate it.

There is the biggest problem. Right now these "lords" haven't figured out how to tax these "Robin Hoods" but when they do... Look out!

I've said for a long time that the biggest challenge with these services isn't government ... it's the insurance industry as well as contract terms for apartment leases. Auto insurance companies are starting to include provisions in their policies that explicitly forbid the vehicle owner form using it as an "Uber car" or "Lyft car," and similar issues arise with a homeowner's policy and/or an apartments lease.

And I'm no fan of Wilhelm DeBlasio in New York City, but he's correct when he says that online leasing services like Airbnb are illegal under New York City law. NYC law states that any living accommodations that are rented for a period of less than 30 days is considered a "hotel," and must meet all of the city's regulatory and safety requirements for the hotel industry.

Personally, I think the entire business model for these outfits is going to collapse once the "entrepreneurs" start facing lawsuits from their customers. The nightmare scenario I would envision involves someone who is injured or killed while renting an apartment through Airbnb or hitching a ride through Uber or Lyft. I'm sure the trial lawyer industry is salivating over this one.

"There is the biggest problem. Right now these "lords" haven't figured out how to tax these "Robin Hoods" but when they do... Look out!"

Of course they have. It's called INTERNET REGULATION.

Any provider like these will be required to report every transaction by the "Feelance" operators and these operators will be compelled to register with some govt agency.

At the end of the year, 1099 forms will be issued by, and to, all.

“And mayors, governors, and elected officials nationwide are disposed to not liking any of this freelance enterprise because they don’t know how to tax it and regulate it.”

The city of Asheville passed a ban on short term rentals due to airbnb proliferation.

One renter said FU and the daily fine the city levied upon him has grown to nearly 1 million dollars.