Most of the objections to short term home rentals seem thinly veiled expressions of anger and envy that some people can not only afford a second home, they have figured out how to defray some of the home's costs.  Prohibiting short term rentals wouldn't make a blip in the housing markets here or elsewhere.  

If we want more affordable housing, then our permitting and land use regulations need to encourage its construction.  If we make investment in, say, an affordable fourplex project more attractive than building one, seven-figure single family home, those fourplexes will get built.

And I sure wish Senators Feinstein and Warren could find something more important to complain about than people who choose to occasionally rent a home.  If I had a second home (and I don't), it would be nice to be able to consider renting it once in a while without having senators sic the FTC on me for doing so.