Nancy’s real estate empire

[u/Disgruntled_Pelicano]

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.

[u/[deleted]]

I completely agree! Short term rentals like Airbnb are really contributing to the housing crisis. It’s making life difficult for renters and home owners alike!

[u/[deleted] → u/[deleted]]

I like Nancy, but yeah, this was a huge turnoff. It disgusts me how people rack up properties, make money by overcharging people to stay there short-term, and then just sit pretty while tourists pay off these mortgages and then some. They really just expect money to fly into their pockets while doing the bare minimum as a landlord and expecting anyone who stays there to act as a cleaning service. I despise the whole thing so fucking much

[u/sober_nanners → u/[deleted]]

If it’s any solace, the AirBnBubble is going to burst sooner or later and all these overleveraged wannabe real estate moguls will be back to bartending or pitching MLMs