Title: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 16, 2017, 08:17:52 PM
Post by: Anonymous on May 16, 2017, 08:17:52 PM
Freely spending on avocados — the pricey, popular superfruit beloved by young people — may be one of the reasons why some young people can't afford a house, according to Australian millionaire and property mogul Tim Gurner.
"When I was trying to buy my first home, I wasn't buying smashed avocado for $19 and four coffees at $4 each," Gurner told the Australian news show 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."
Millennial spending habits have been analyzed from all angles and according to Goldman Sachs researcher Lindsay Drucker, young people place value over convenience and prefer experiences over big-ticket items like homes and cars. A Food Institute analysis of 2014 data from the US Department of Agriculture also found that millennials spend about 44% of their "food dollars" on eating out where foods like avocado seem to dominate menus from fast-food staples like Starbucks to fast-casual restaurants like Chipotle.
Avocado prices around the world have soared over the last year as the super-fruit gains popularity for its health benefits. Fortune recently reported that prices will likely remain high throughout summer 2017 due to high demand and low domestic production.
Gurner isn't the only Australian critic of young people who choose to spend a lot on avocados. Mashable pointed to an October article from The Australian columnist Bernard Salt criticizing those who spend a lot on them. "I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more," he wrote.
"Twenty-two dollars several times a week could go towards a deposit on a house," he added.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 16, 2017, 08:28:44 PM
Post by: Anonymous on May 16, 2017, 08:28:44 PM
That is not to say that is an excuse for irresponsible spending. If you spend money like that you will not own a home even if prices crashed.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 16, 2017, 10:50:26 PM
Post by: Anonymous on May 16, 2017, 10:50:26 PM
I kind of agree with this article. The difference is that home prices have soared across Canada. I assume the same is true in Australian cities. My parents house in Willowdale is worth eight times what they paid for it.Quote from: "seoulbro"
That is not to say that is an excuse for irresponsible spending.If you spend money like that you will not own a home even if prices crashed.
I have posted lots of times about people we know who are living beyond their means..
And most are not millennials.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 16, 2017, 11:22:49 PM
Post by: Anonymous on May 16, 2017, 11:22:49 PM
This person is being cute, but I agree the spending habits of young people need to change if they want to be home owners.Quote from: "Fashionista"
Freely spending on avocados — the pricey, popular superfruit beloved by young people — may be one of the reasons why some young people can't afford a house, according to Australian millionaire and property mogul Tim Gurner.
"When I was trying to buy my first home, I wasn't buying smashed avocado for $19 and four coffees at $4 each," Gurner told the Australian news show 60 Minutes.Only 32% of home owners were first-time buyers in 2016, the lowest point since 1987, according to a study by NerdWallet. A recent study by HSBC found that American millennials have a homeownership rate of 35%, and in Australia only about 28% of millennials own their homes. Cost is often a major factor in millennials' decisions to buy — the study found that a lot of young homeowners got a financial boost from their parents when making their purchase.
"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."
Millennial spending habits have been analyzed from all angles and according to Goldman Sachs researcher Lindsay Drucker, young people place value over convenience and prefer experiences over big-ticket items like homes and cars. A Food Institute analysis of 2014 data from the US Department of Agriculture also found that millennials spend about 44% of their "food dollars" on eating out where foods like avocado seem to dominate menus from fast-food staples like Starbucks to fast-casual restaurants like Chipotle.
Avocado prices around the world have soared over the last year as the super-fruit gains popularity for its health benefits. Fortune recently reported that prices will likely remain high throughout summer 2017 due to high demand and low domestic production.
Gurner isn't the only Australian critic of young people who choose to spend a lot on avocados. Mashable pointed to an October article from The Australian columnist Bernard Salt criticizing those who spend a lot on them. "I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more," he wrote.
"Twenty-two dollars several times a week could go towards a deposit on a house," he added.http://time.com/money/4778942/avocados-millennials-home-buying/
These are the same little shits who my sons will have to support when they're parents are dead and they have nobody to sponge off anymore besides the taxpayer.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 12:08:30 AM
Post by: Anonymous on May 17, 2017, 12:08:30 AM
These are the same little shits who my sons will have to support when they're parents are dead and they have nobody to sponge off anymore besides the taxpayer.Quote from: "Shen Li"
I don't know about that, but it does seem adolescence is lasting longer.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 12:44:42 AM
Post by: Anonymous on May 17, 2017, 12:44:42 AM
I kind of agree with this article. The difference is that home prices have soared across Canada. I assume the same is true in Australian cities. My parents house in Willowdale is worth eight times what they paid for it.Quote from: "seoulbro"
That is not to say that is an excuse for irresponsible spending. If you spend money like that you will not own a home even if prices crashed.
House prices are high and the number of jobs as well as wages are low because we have too many immigrants and foreign buyers forcing up home prices and unemployment and forcing down wages.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 01:21:52 AM
Post by: Anonymous on May 17, 2017, 01:21:52 AM
I kind of agree with this article. The difference is that home prices have soared across Canada. I assume the same is true in Australian cities. My parents house in Willowdale is worth eight times what they paid for it.Quote from: "seoulbro"
That is not to say that is an excuse for irresponsible spending. If you spend money like that you will not own a home even if prices crashed.
House prices are high and the number of jobs as well as wages are low because we have too many immigrants and foreign buyers forcing up home prices and unemployment and forcing down wages.
I don't think anyone can blame their own overspending on immigrants.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: shin on May 17, 2017, 06:55:24 AM
Post by: shin on May 17, 2017, 06:55:24 AM
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 08:59:57 AM
Post by: Anonymous on May 17, 2017, 08:59:57 AM
I don't live in Canada, but I think we live in a time where more poor people are splurging on luxury items that they really can't afford. here, it's not uncommon for people who live below the poverty line to own iPhones, buy expensive designer clothes regularly, and spend lots of money on various forms of entertainment.Quote from: "shin"
I grew up in a poor family, we didn't own a car, toys for my brother and I were unusual, clothes were usually second hand as was a television and dvd player and entertainment like going to movies or restaurants was unknown..
But, my parents owned their own home..
They made the choice that home ownership was more important than indulgences.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 08:48:17 PM
Post by: Anonymous on May 17, 2017, 08:48:17 PM
I don't live in Canada, but I think we live in a time where more poor people are splurging on luxury items that they really can't afford. here, it's not uncommon for people who live below the poverty line to own iPhones, buy expensive designer clothes regularly, and spend lots of money on various forms of entertainment.Quote from: "shin"
I know there are a lot of people like that. But, the bigger problem is too many immigrants, refugees and rich foreign investors making housing so unaffordable for regular working people.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 10:01:13 PM
Post by: Anonymous on May 17, 2017, 10:01:13 PM
I don't live in Canada, but I think we live in a time where more poor people are splurging on luxury items that they really can't afford. here, it's not uncommon for people who live below the poverty line to own iPhones, buy expensive designer clothes regularly, and spend lots of money on various forms of entertainment.Quote from: "shin"
I know there are a lot of people like that. But, the bigger problem is too many immigrants, refugees and rich foreign investors making housing so unaffordable for regular working people.
Horseshit. The pussy generation blames everyone and every thing except the real culprit which is their own lazy and irresponsible selves. Fuck em all!!
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 10:54:38 PM
Post by: Anonymous on May 17, 2017, 10:54:38 PM
I don't live in Canada, but I think we live in a time where more poor people are splurging on luxury items that they really can't afford. here, it's not uncommon for people who live below the poverty line to own iPhones, buy expensive designer clothes regularly, and spend lots of money on various forms of entertainment.Quote from: "shin"
I know there are a lot of people like that. But, the bigger problem is too many immigrants, refugees and rich foreign investors making housing so unaffordable for regular working people.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 17, 2017, 11:09:04 PM
Post by: Anonymous on May 17, 2017, 11:09:04 PM
I don't live in Canada, but I think we live in a time where more poor people are splurging on luxury items that they really can't afford. here, it's not uncommon for people who live below the poverty line to own iPhones, buy expensive designer clothes regularly, and spend lots of money on various forms of entertainment.Quote from: "shin"
I know there are a lot of people like that. But, the bigger problem is too many immigrants, refugees and rich foreign investors making housing so unaffordable for regular working people.(//%3C/s%3E%3CURL%20url=%22https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT3-1cDIDwJpS4VDNqcQbNc2yuyg7dA3FDlH0Ydjvx3PzDhdQNL%22%3E%3CLINK_TEXT%20text=%22https://encrypted-tbn0.gstatic.com/imag%20...%20x3PzDhdQNL%22%3Ehttps://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT3-1cDIDwJpS4VDNqcQbNc2yuyg7dA3FDlH0Ydjvx3PzDhdQNL%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Angry White Male on May 18, 2017, 02:11:38 AM
Post by: Angry White Male on May 18, 2017, 02:11:38 AM
Minimum wage is $10.00/hour.
Crack heads all have working cell phones.
People live in tents in the city.
Crack heads all seem to have a non-stop supply of smokes and drugs.
Not sure what to make of things...
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 18, 2017, 09:06:18 AM
Post by: Anonymous on May 18, 2017, 09:06:18 AM
Condo's here in Vancouver sell for $500,000, at a minimum it seems...Quote from: "Angry White Male"
Minimum wage is $10.00/hour.
Crack heads all have working cell phones.
People live in tents in the city.
Crack heads all seem to have a non-stop supply of smokes and drugs.
Not sure what to make of things...
Drug addicts likely commit crimes to support their addictions.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 18, 2017, 11:45:58 AM
Post by: Anonymous on May 18, 2017, 11:45:58 AM
Condo's here in Vancouver sell for $500,000, at a minimum it seems...Quote from: "Angry White Male"
Minimum wage is $10.00/hour.
Crack heads all have working cell phones.
People live in tents in the city.
Crack heads all seem to have a non-stop supply of smokes and drugs.
Not sure what to make of things...
Drug addicts likely commit crimes to support their addictions.
Unless they are celebrities or have a trust fund, it's the only way they can support their habit.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 18, 2017, 08:48:12 PM
Post by: Anonymous on May 18, 2017, 08:48:12 PM
This person is being cute, but I agree the spending habits of young people need to change if they want to be home owners.Quote from: "Fashionista"
Freely spending on avocados — the pricey, popular superfruit beloved by young people — may be one of the reasons why some young people can't afford a house, according to Australian millionaire and property mogul Tim Gurner.
"When I was trying to buy my first home, I wasn't buying smashed avocado for $19 and four coffees at $4 each," Gurner told the Australian news show 60 Minutes.Only 32% of home owners were first-time buyers in 2016, the lowest point since 1987, according to a study by NerdWallet. A recent study by HSBC found that American millennials have a homeownership rate of 35%, and in Australia only about 28% of millennials own their homes. Cost is often a major factor in millennials' decisions to buy — the study found that a lot of young homeowners got a financial boost from their parents when making their purchase.
"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."
Millennial spending habits have been analyzed from all angles and according to Goldman Sachs researcher Lindsay Drucker, young people place value over convenience and prefer experiences over big-ticket items like homes and cars. A Food Institute analysis of 2014 data from the US Department of Agriculture also found that millennials spend about 44% of their "food dollars" on eating out where foods like avocado seem to dominate menus from fast-food staples like Starbucks to fast-casual restaurants like Chipotle.
Avocado prices around the world have soared over the last year as the super-fruit gains popularity for its health benefits. Fortune recently reported that prices will likely remain high throughout summer 2017 due to high demand and low domestic production.
Gurner isn't the only Australian critic of young people who choose to spend a lot on avocados. Mashable pointed to an October article from The Australian columnist Bernard Salt criticizing those who spend a lot on them. "I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more," he wrote.
"Twenty-two dollars several times a week could go towards a deposit on a house," he added.http://time.com/money/4778942/avocados-millennials-home-buying/
Today's generation seems to value experiences over all else.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 18, 2017, 10:45:10 PM
Post by: Anonymous on May 18, 2017, 10:45:10 PM
Today's generation seems to value experiences over all else.Quote from: "Velvet"
The things that are important to them are often different from their parents.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 19, 2017, 12:57:41 AM
Post by: Anonymous on May 19, 2017, 12:57:41 AM
Today's generation seems to value experiences over all else.Quote from: "Velvet"
The things that are important to them are often different from their parents.
They don't want to have to work and sacrifice like their parents did. Particialarly white millennials. They are the fucking worst.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 19, 2017, 01:21:21 AM
Post by: Anonymous on May 19, 2017, 01:21:21 AM
Today's generation seems to value experiences over all else.Quote from: "Velvet"
The things that are important to them are often different from their parents.
They don't want to have to work and sacrifice like their parents did. Particialarly white millennials. They are the fucking worst.
You and I have talked before how many East Asians extend adolescence about ten years later than the previous generation.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Berry Sweet on May 19, 2017, 01:34:05 AM
Post by: Berry Sweet on May 19, 2017, 01:34:05 AM
Then theres the ones who always talk about their job "positions" and how superior they think they are but when you ask what they do, its like they dont know. Lot of people today have their name on a peice of paper and are still dumber than shit. Not everyone who goes to school comes out educated. These idiots too are also the ones buying $19 avacodo on toast, star bucks coffees, pricey clothers, car payments, putting shit like, nails and beauty shits, expencive outings on their credit card....these people have good jobs and theyre either broke or in debt and still not saving any money...but hey...they got that "position" at work
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 19, 2017, 01:50:41 AM
Post by: Anonymous on May 19, 2017, 01:50:41 AM
I saw this article earlier online and laughed...$19 for avocado on toast?? Is this a 5 star breaky? Many people today live beyond their means...always wanting more and more and thinking they are entitled.Quote from: "Berry Sweet"
Then theres the ones who always talk about their job "positions" and how superior they think they are but when you ask what they do, its like they dont know. Lot of people today have their name on a peice of paper and are still dumber than shit.Not everyone who goes to school comes out educated.These idiots too are also the ones buying $19 avacodo on toast, star bucks coffees, pricey clothers, car payments, putting shit like, nails and beauty shits, expencive outings on their credit card....these people have good jobs and theyre either broke or in debt and still not saving any money...but hey...they got that "position" at work
You got that right. In most cases, liberal arts degrees are useless. A student graduates worse off financially than when they started.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Berry Sweet on May 19, 2017, 01:59:01 AM
Post by: Berry Sweet on May 19, 2017, 01:59:01 AM
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 19, 2017, 02:01:27 AM
Post by: Anonymous on May 19, 2017, 02:01:27 AM
There are many "professionals" out there who dont know what they are doing...it goes for doctors, lawyers...people in sales and marketing are the most boring people ever...always talking about their fancy name position...like, you sit behind a computer all day and talk on a phone....thats not an exciting job...Quote from: "Berry Sweet"
As a professional, I like to think I know my field of expertise. Everything outside of work, maybe not.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 19, 2017, 09:14:46 AM
Post by: Anonymous on May 19, 2017, 09:14:46 AM
There are many "professionals" out there who dont know what they are doing...it goes for doctors, lawyers...people in sales and marketing are the most boring people ever...always talking about their fancy name position...like, you sit behind a computer all day and talk on a phone....thats not an exciting job...
Do you mean you know some incompetent doctors and lawyers Berry?
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 20, 2017, 04:07:29 PM
Post by: Anonymous on May 20, 2017, 04:07:29 PM
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Berry Sweet on May 20, 2017, 06:52:45 PM
Post by: Berry Sweet on May 20, 2017, 06:52:45 PM
There are many "professionals" out there who dont know what they are doing...it goes for doctors, lawyers...people in sales and marketing are the most boring people ever...always talking about their fancy name position...like, you sit behind a computer all day and talk on a phone....thats not an exciting job...
Do you mean you know some incompetent doctors and lawyers Berry?
Yes. But you dont need to know them...ive come across some in my life...utter and total morons! I dont meed a lawyer to represent me...I can do that myself...judges are retards, most of them should be in prison themselves...and finding a good doc is hard...I have one in my family..honestly, another clueless moron with their name on a piece of paper...literally.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Berry Sweet on May 20, 2017, 06:54:06 PM
Post by: Berry Sweet on May 20, 2017, 06:54:06 PM
Bottom line is millennials are being screwed over by mass immigration.Quote from: "iron horse jockey"
This is true.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: weebles on May 20, 2017, 07:14:29 PM
Post by: weebles on May 20, 2017, 07:14:29 PM
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 20, 2017, 07:37:02 PM
Post by: Anonymous on May 20, 2017, 07:37:02 PM
never had avocado on my sub do like subways meatball sub's and used to like their chicken subs but now that subway got caught having only 50% of their chicken is actually chicken the rest is mystery meat that has thrown me off subway a bitQuote from: "weebles"
Weebs, how the fuck is the old Serb?
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: weebles on May 20, 2017, 08:02:02 PM
Post by: weebles on May 20, 2017, 08:02:02 PM
never had avocado on my sub do like subways meatball sub's and used to like their chicken subs but now that subway got caught having only 50% of their chicken is actually chicken the rest is mystery meat that has thrown me off subway a bitQuote from: "weebles"
Weebs, how the fuck is the old Serb?
I do not engange in cross forum drama just here to be me and post as myself like I do at the other site I also enjoy posting at.
Anyways how is the wether up there in Edmonchuck?
I hope we all avoid major flooding this year the icepack melt is going to be crazy hopefully the rivers do not overflow as we head into june.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 20, 2017, 08:03:54 PM
Post by: Anonymous on May 20, 2017, 08:03:54 PM
never had avocado on my sub do like subways meatball sub's and used to like their chicken subs but now that subway got caught having only 50% of their chicken is actually chicken the rest is mystery meat that has thrown me off subway a bitQuote from: "weebles"
Weebs, how the fuck is the old Serb?
I do not engange in cross forum drama just here to be me and post as myself like I do at the other site I also enjoy posting at.
Anyways how is the wether up there in Edmonchuck?
I hope we all avoid major flooding this year the icepack melt is going to be crazy hopefully the rivers do not overflow as we head into june.
Fash slaps my hands for cross forum drama too.
Title: Re: millennials choose avocado toast over purchasing their first home
Post by: Anonymous on May 21, 2017, 02:57:38 PM
Post by: Anonymous on May 21, 2017, 02:57:38 PM
never had avocado on my sub do like subways meatball sub's and used to like their chicken subs but now that subway got caught having only 50% of their chicken is actually chicken the rest is mystery meat that has thrown me off subway a bitQuote from: "weebles"
Weebs, how the fuck is the old Serb?I do not engange in cross forum dramajust here to be me and post as myself like I do at the other site I also enjoy posting at.
Anyways how is the wether up there in Edmonchuck?
I hope we all avoid major flooding this year the icepack melt is going to be crazy hopefully the rivers do not overflow as we head into june.
Thank you weebles.