The internet was set ablaze last week when Tim Gurner, a multi-millionaire Australian real estate mogul-appeared on 60 Minutes Australia with some choice words for millennials struggling to become property owners.
His advice? Stop buying avocado toasts and lattes.
“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” he said.
This advice was not without backlash. There are myriad reasons why some millennials are priced out of home ownership, and $4 lattes and avocado spreads on toast certainly does not top the list.
This is a very ill-fated suggestion when you consider Gurner is one of the wealthiest people in Australia (reportedly #157 with a net worth of $473 million). Clearly he had to do more than cut back on breakfast items in order to amass his fortune.