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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

Published Tue, May 16, 2017 · 09:50 PM
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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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