There's an interesting type of reasoning I call "11:59-ing" the market. People find themselves in a position where they can profit, as long as the government s

There's an interesting type of reasoning I call "11:59-ing" the market. People find themselves in a position where they can profit, as long as the government suspends enforcement of a narrow band of laws. These folks often become very angry when the government interferes with the profitability of their government sponsored monopoly. The set up for this arbitrage opportunity requires government, but it's only profitable if the government stops enforcing it for the last minute of the day, often retroactively. As it stands, AirBnB is clearly illegal in many lucrative markets. Houses are not hotels, nor are they priced as hotels. You can buy a house, or rent one, for less than it would cost to buy a hotel, precisely because you're not allowed to use it as a hotel. So buy at that low price under one set of regulations and then demand to run a hotel under a different set of regulations, at a huge personal profit and damage to your neighbors.