NEW YORK (MainStreet)—Though Jim Cramer owns a New Jersey inn, he's only now getting hip to the idea of hotel alternatives. That's where my sister, Nicole, and I came in to teach him about Airbnb and the share economy on this episode of Old Dog, New Blog. Forbesestimates the share economy will pour more than $3.5 billion into people's wallets this year, with 25% growth.
Below we discuss the Airbnb option--which Nicole loves for the money earned and I hate for the lack of sanitary control--and delve into the tendency of millenials to leverage the power of the internet to earn an extra buck. Plus, we touch on the equity play of HomeAway, Inc. (AWAY), a subscription-based competitor to Airbnb in the alternative lodging space.