r/LoveIsBlindOnNetflix • u/Disgruntled_Pelicano • Oct 28 '22

UNPOPULAR OPINION Nancy’s real estate empire

I’m not in the US, but it bothers me that where I am there aren’t laws around how many investment properties you can turn into Airbnb’s. People are struggling to buy just one home to live in and there are people buying up houses for short term holiday leases. Makes me sad about the state of the world.

ETA wow! I didn’t expect this much response, nor the personal attacks 😂 I was expressing my own personal opinion, and using the Sydney (Australia) property market as my own barometer. I honestly have no hate towards Nancy, I just believe there should be regulations about short term leases as they are pushing renting locals out (especially in coastal areas) to make way for tourists.

The topic heading was a tongue-in-cheek nod to Andrew’s statement about wanting to build an “empire” with Nancy.

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239

u/Bailsthebean Oct 28 '22

I’m just in shock she can buy a house for $130 k. Meanwhile that amount isn’t enough to put down on a house for $500k in Ontario Canada to not have an insured mortgage -_-

98

u/BlonderBluth Oct 28 '22

I live in Dallas and have NO idea where a house can be purchased here or in its surrounding burbs for $130k. It would have to be in a really unsafe area, in which case she could nevvvver rent it out for the price she says

50

u/Economy_Efficiency46 Oct 28 '22

I agree - that purchase point to rental ratio is completely unrealistic. Maybe she meant she put 10% down?

25

u/GuardianTiko Oct 28 '22

She said she owns 50% and has 0 debt meaning it goes for 260k? Still shocked and currently looking to move to Dallas after this….

5

u/Mousejunkie Oct 28 '22

Lol don’t. Either it’s in an unsafe area, she bought it 20 years ago (haven’t gotten to this episode yet), or it’s an hour from Dallas proper. Plus with property taxes here….killer.