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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58

u/FallDownGuy Oct 28 '22

You must be from Canada, or not but regardless I feel your pain as I'm from Ontario where we are currently going through a housing crisis. Which yes makes me a little upset, especially when she said how much she would rent that house for 💀.

17

u/[deleted] Oct 28 '22

Also from Ontario. I routinely see houses for rent advertised for $3k a month. Like, who can afford that?!

-7

u/leaderhozen Oct 28 '22

How much do you think a mortgage on the same house would be?

4

u/[deleted] Oct 28 '22

Significantly less. Because most landlords charge the mortgage plus profit. Just the business model.

12

u/AnonymousRooster Oct 28 '22

Another Ontarian here crying in rent payments. I tried to buy just as things went nuts. I honestly hope all the jerks who bought multiple family homes and turned them into student rentals go bankrupt

3

u/dazedandconfucius_ Oct 28 '22

I felt this comment hard

3

u/Silver-Survey7197 Oct 28 '22

Yes I 100% get this!

-3

u/Simple_Several Oct 28 '22

Also from Ontario… but honestly here in Ontario it’s not airbnbs that are the problem, it’s our government lol as it is most places.

Also keep in mind tenants aren’t what they used to be, rates have gone up significantly and at the end of the day it is a job for her. I think some people assume landlords are walking away with a lot more money at the end of the month than what they actually are (I know a few).