Nope. No housing crisis here. I don’t know what you’re talking about. Move along, move along.
“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.”
Read more at TIME