“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” Tim Gurner, an Australian property mogul told 60 Minutes.
“We’re at a point now where the expectations of younger people are very, very high,” Gruner said. “They want to eat out every day, they want to travel to Europe every year. The people that own homes today worked very, very hard for it, saved every dollar, did everything they could to get up the property investment ladder.”
Tim’s words have ignited a backlash from millennials who are offended someone would attack their eating desires. Eating expensive food is a sacred right! The nerve of this guy. Next thing you know, he’s going to dissuade people from buying $300 designer jeans when they already have a credit card balance.
As fate would have it, I just had a $10 bowl of guacamole the other day at Tacoliscious in the Marina district, after spending time doing some ceiling patch work on my rental house. All around me sat a bunch of young and fabulous looking folks who enjoyed the 78 degree San Francisco sunshine. Oh, how I wish I didn’t have a house to do work on. I could have gone straight to brunch!
Bottom line: If you’re a millennial who wants to spend $25 on the finest breakfast consisting of avocados, bacon and crumbled feta cheese, go for it! You don’t need to save for a house because you’re either living with your parents or your parents will eventually buy you one when they can’t stand you any longer. And if they don’t buy you anything, they’ll at least leave you their house when they die.