Want to buy a home? Skip the avocado toast, real estate mogul suggests
His advice to millennials gets a storm of scorn; data shows the group is not as spendthrift as some think
New York
MILLENNIALS have enough problems as it is. Must they give up their avocado toast, too?
In an interview with Australia's 60 Minutes on Monday, Tim Gurner, a 35-year-old real estate mogul in Melbourne, suggested that young adults would be more likely to be able to afford to buy a home if they curbed their discretionary spending, like on this trendy and expensive brunch item.
"When I was trying to buy my first home, I wasn't buying smashed avocado for US$19 and four coffees at US$4 each," he said. "We're at a point now where the expe…
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