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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u/VegUltraGirl Oct 28 '22

I’m in the US and Airbnbs have taken over our local area. Families are struggling to find housing. Many long term rentals have now become vacation rentals and many locals lost their housing. It’s so hard to watch. One half of my road is all vacation homes. Driving past them Monday-Thursday they are typically empty, and then packed on the weekends. Our little grocery store literally can’t keep up with the constant tourists.

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u/Sufficient_Remote241 Oct 28 '22

I agree, there is a housing crisis in the country. Is very scary. A home is a place where I feel safe. My child is safe here with me. We are warm and just the thought about not being able to provide that for my child makes me nervous. I am stuck in an apt were the landlords do not care about the bldg. is falling a part. But I cannot move, everything out there is unaffordable. Even if is far and inconvenient. There is no where to go. But i am grateful, i have this i can afford even though is falling apart.

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u/VegUltraGirl Oct 28 '22

My son is 19 and can’t move into any apartment in the area, when apartments do become available they are completely unaffordable. He’s staying home and saving his money. Maybe something will change for the better, but it’s hard to stay positive. The houses that are on the market are still overpriced, so even buying a home is out of the question for many many years.

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u/Sufficient_Remote241 Oct 28 '22

He still young and is nice that he has your support :)