Are you a millennial struggling to purchase a home? Stop buying avocados!

1494999256215

>A multimillionaire property magnate in Australia has told young people that if they want to get on the property ladder, they should stop spending so much money on avocado toast and coffee

>”When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 ($15) and four coffees at $4 each,” said Tim Gurner, 35, an Australian property tycoon who reportedly has almost half a billion dollars in the bank

>The millionaire began his career as a property investor after purchasing a gym in Melbourne’s south in 2001 with the help of $34,000 borrowed from his grandfather.

>He then went on to found his real estate company Gurner in 2015 and, according to 9news, currently has $3.8 billion worth of development projects.
In the interview, the 35-year-old stressed how hard he worked when he was young

>Gurner told the Australian television version of 60 minutes that the problem lay with reality TV stars who give millennials unrealistic expectations

>”This generation is watching the Kardashians and thinking that’s normal – thinking owning a Bentley is normal. They want to eat out every day; they want travel to Europe every year

>”The people that own homes today worked very, very hard for it and saved every dollar, did everything they could to get up the property investment ladder.”

>The comments echo an editorial piece in The Australian newspaper last year in which Demographer Bernard Salt young people could better afford a home if they stopped spending all their money in expensive cafes

>”I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more. I can afford to eat this for lunch because I am middle aged and have raised my family

>”But how can young people afford to eat like this? Shouldn’t they be economizing by eating at home? How often are they eating out? Twenty-two dollars several times a week could go towards a deposit on a house” he wrote

http://archive.is/nZSu5 Why can’t millenials do it?

Advertisements
Are you a millennial struggling to purchase a home? Stop buying avocados!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s