Quote:
Originally Posted by mrkajz44
Sorry, but that article is terrible if you read the whole thing.
The quote it takes from 60 minutes is likely out of context, and it spends a whole paragraph talking about avocado toast. Then it suddenly shifts to lattes, which apparently are not trendy anymore (gotta get some "cold brew"). Finally it references another avocado toast quote and concludes any millennial cannot buy a home.
You know what is garbage? That article.
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There might be some merit to it, obviously the 'Avocado Angle' is sensational as all generations buy crap we dont need.
For them its Avocados and for the prior generation its expensive trucks and motorhomes or whatever.
I dont think that really touches on the crux of the matter that I dont think imprudent spending is the cornerstone of why millennials cant afford homes, but moreso the unrealistic appreciation in the cost of homes combined with the almost static level of average wages.
The cost of the homes is outpacing the growth in wages for the people who want to buy them. Unless one has a serious Avocado dependency issue (get help, its serious) the amount of money spent on Avocados seems immaterial when placed against the cost of a home.