Reblogged Content

Millennial to Millionaire: Stop Blaming Avocado Toast for Why We’re Not Buying Houses

Baby Boomer (because you know it’s always them; they are the biggest whiny babies): “Why are you always buying Starbucks frappaccinos when you should be saving up to buy a house?”
Millennial: “Why did you ruin the economy, Barbara?”

Longreads

Millennials rarely get a fair shake when it comes to, well, anything written about them, which is why it isn’t surprising to see a misguided post from TIME magazine today blaming the low rate of home ownership among millennials on their apparently voracious appetite for avocado toast.

“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” millionaire Tim Gurner says, also blaming millennials’ annual trips to Europe every year as the reason why they can’t afford to buy homes.

He continues, “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,” conveniently failing to mention the housing bubble and subsequent crash that occurred in the last decade due to poorly regulated banks that approved mortgages for millions of people who they…

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