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Airbnb says renting your place is like getting a big raise

Fortune

Airbnb is busting out big guns in its latest PR move. The lodging rental business has hired former White House National Economic Advisor Gene Sperling (now a consultant) to report on the impact of Airbnb-style home sharing on middle class incomes.

Unsurprisingly, Sperling’s new report comes to sunny conclusions: He claims “the typical single-property host makes an extra $7,530 annually” by renting his or her primary residence for about two or three months each year—the equivalent of a 14% raise for a household that pulls in the median income of $52,800 a year.

The paper—which surveys Airbnb earnings in New York, Boston, San Francisco, Los Angeles, and Portland, Oregon—goes on to say that the extra cash earned via Airbnb can help offset the fall in real income for middle class Americans over the past 15 years.

Of course, not everyone might see Airbnb as a boon to the middle class…

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