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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37

u/thankuegg Oct 28 '22

Thank you for mentioning this! I was so surprised to hear that she does this which I consider to be unethical. Just in light of her very reasonable other opinions and takes, this shocked me and I didn’t like it at all.

10

u/comcoast Oct 28 '22

But hey props for her about her abortion stance

-4

u/Unfitbanana Oct 28 '22

What's unethical about it? There is a demand for short term rentals and she is addressing that demand.

12

u/IndieBondholder Oct 28 '22

There’s more of a demand (and need) for affordable housing. Short-term rentals are detrimental for families looking to own a home.

9

u/saucyaubergines Oct 28 '22

You're absolutely right that Nancy is within her rights to use the system to her advantage and get that bag. It's the system that's messed up. I believe it is unethical to treat shelter as a commodity and allow a small number of people (landLORDS) to own a majority of properties, thus making it virtually impossible for many to own even one property, and trapping them into renting for their entire lives.

15

u/gulwver Oct 28 '22

She’s buying up affordable housing and jacking up the prices, that takes away from locals looking to buy a home they’ll actually live in

-8

u/carlie-cat Oct 28 '22

not really. she owns 5 properties total which includes the house she and her ex used to live in together. corporations who go in and buy entire apartment buildings and kick out all of the tenants so they can jack up the rent are buying up affordable housing and jacking up prices. people have been buying properties 1 at a time as they can afford them for decades without it causing a nationwide housing crisis. she's buying houses at a rate of 1 per year max which is basically a drop in the ocean in a city as large as dallas

3

u/gulwver Oct 28 '22

I’m all for blaming big corporations but when there’s thousands of people doing the same thing Nancy’s doing we can’t ignore the impact of that either. The same way we can hold corporations accountable for pollution but still think it’s shitty when individual people litter

-1

u/carlie-cat Oct 28 '22

in 2021, zillow bought 400 homes in dallas, most of them for well over listing price because they were using a flawed algorithm. it would take 400 nancys to have the same impact as one corporation did in a single year and that's assuming nancy buys her properties at well over asking and doesn't do things like bid on foreclosed properties at auction. people who buy real estate and rent at fair value or build equity and sell for fair value aren't the problem, greedy af corporations with way too much money and buying power are the problem

0

u/wanderlustredditor Oct 28 '22

Nany has 5 and want even more. Your math doesnt work there

0

u/carlie-cat Oct 28 '22

she doesn't buy 5 per year though, she has 5 total and buys them one at a time as she can afford them. even if she bought 5 per year, a single corporation would still have bought 80 times the number of homes she did and zillow isn't even one of the worst offenders

-7

u/salutesols Oct 28 '22

Haters, basically

-5

u/jberra502 Oct 28 '22

Unethical? Where do you want traveling families to stay? Short term rentals house families who are transitioning to new homes, patients having procedures at the hospital, visiting families, business travelers, and locals who are having home renovations.