It&#x27;s nice to have efficient markets that effectively price things...  however I think that perhaps it&#x27;s not the worst thing in the world to accept market inefficiencies in trade for the opportunity to not live in a shitty society.<p>My general sense is that merging the vacation&#x2F;short term rental market with the long term home rental market puts serious upward pressure on the latter, thereby increasing scarcity of opportunity for middle income people in urban locales.<p>IMO, anything that puts downward pressure on the derivative of social mobility over time is ultimately putting upward pressure on the shittiness of society as a whole and really makes life pretty unpleasant regardless of socioeconomic class.<p>I&#x27;ll take an inefficient housing market any day over that.