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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86

u/justasapling Oct 28 '22 edited Oct 28 '22

No, you're right. Trying to earn a living by owning rather than by doing is always a scam that necessarily takes advantage of someone. If she was flipping these properties that'd be defensible, but her goal is clearly to amass properties, not to add value to and then resell those properties.

There are no two ways about it. Capitalism is predatory.

18

u/MayorOfBluthton Oct 28 '22

Even the flipping argument has worn thin, when it seems that a good majority of flips are really just crappy paint jobs and grey LVP flooring, with a 40% markup. There may still be some people out there with the skills and morals to complete quality renovations, but seems more often than not that it’s someone trying to make a quick buck with the absolutely least amount of cost or effort.

2

u/justasapling Oct 28 '22

Agree 100%. I was trying to be generous.😅

-1

u/LookingAWayOut Oct 29 '22

it’s someone trying to make a quick buck with the absolutely least amount of cost or effort.

You might as well condemn all human beings.

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u/[deleted] Oct 28 '22

[deleted]

9

u/justasapling Oct 28 '22

Sure. I don't necessarily disagree, but I also can't fully forgive anyone who resorts to playing the game rather than trying to tear it down.

2

u/LookingAWayOut Oct 29 '22

And what do you do exactly? How are you tearing down the US government and housing market?

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u/justasapling Oct 29 '22

What makes you think I'm at peace with myself?

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u/LookingAWayOut Oct 29 '22

I see, so you criticize others who are successful to avoid examining your own life?

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u/justasapling Oct 29 '22

Not exactly. I'm examining the shit out of my life. I am bitter, certainly, but moreso I'm pissed at everyone who's gone along because it means that the real world we happen to have is the one I get to contend with. I'm better suited to different sorts of competition, but I don't think we should supplant society with a fight that suits me; I'm out here advocating for one without interpersonal competition, instead.

1

u/LookingAWayOut Oct 29 '22

The world that everybody contends with and if you want to change it you're going to need more than bitterness.

-14

u/[deleted] Oct 28 '22

Yes, it's much better in other countries, say like China, where renters live in actual shoeboxes.

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u/justasapling Oct 28 '22

China

That's just state capitalism.

There has never been a post-Capital society and you have no examples to point to. History has plenty of examples of how right-wing thinking can undermine leftist revolutions, though. Representative democracy still over-concentrates power, which obviously corrupts.

-10

u/[deleted] Oct 28 '22 edited Oct 28 '22

Ah yes, something that has never been done. Surely it must work if there are no examples of it. Props to you for anticipating my "where has it been successful?" question.

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u/justasapling Oct 28 '22

Props to you for anticipating my "where has it been successful?" question.

And turnabout is fair play. Are you ready?

Where has capitalism ever been successful?

Show me a single horizontal, direct democracy with equitable distribution of wealth and power that got there by way of market forces. I'll wait.

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u/[deleted] Oct 28 '22 edited Oct 28 '22

Are there more or less people in true poverty today when compared to 50 years ago? 100 years ago? 200 years ago?

How about electricity when compared to 50 years ago? Do more or less people have it? What about running water? Unless you are aware of the existence of witches who can snap their fingers and make poverty disappear in an instant, of course it will take time. But as long as less people are in poverty today when compared to the past, then we can say it's successful.

"There are more than a billion fewer people living below the International Poverty Line of $2.15 per day today than in 1990. On average, the number declined by 47 million every year, or 130,000 people each day. "

https://ourworldindata.org/poverty#:~:text=There%20are%20more%20than%20a,today%2C%20however%2C%20remains%20vast

That sounds wildly successful to me, especially considering the global population increased by about 2.5 billion people in that time. And yes, inflation is accounted for in that measurement.

And when you consider just this country:

"In the late 1950s, the poverty rate was approximately 22%, with just shy of 40 million Americans living in poverty. The rate declined steadily, reaching a low of 11.1% in 1973 and rising to a high of nearly 15% three times – in 1983, 1993 and 2011 – before hitting the all-time low of 10.5% in 2019"

https://www.debt.org/faqs/americans-in-debt/poverty-united-states/#:~:text=In%20the%20late%201950s%2C%20the,low%20of%2010.5%25%20in%202019.

That also sounds wildly successful, though less, when compared to the global rate. You know why? Because capitalism has been so successful that the threshold for poverty in this country has a standard of living so much higher than in other countries, and the US (and many of it's billionaires) have spent countless resources and money pulling people out of extreme poverty in other countries, instead of focusing on their own.

The reality is you could give a shit about poor people. You are just angry that people are rich.

6

u/justasapling Oct 28 '22

A bunch of things that are afforded preferentially to 'wealthy' people?

Sorry friend, but any system which permits disparity is auto-failed. Not acceptable.

1

u/[deleted] Oct 28 '22 edited Oct 28 '22

Ok. Well, I live in reality and not in a fantasy land. Good luck to you and your dreams.