America Is Now Also Roasting the Millionaire Who Said ‘Millennials’ Spend Too Much on Avocado and Coffee

Property tycoon and self-described young person, Tim Gurner, has told millennials to quit their fancy lifestyle in order to afford a house in Australia.

Australia has a penchant for producing angry anti-millennial spokespeople. First, there was Bernard Salt.

Now, there’s Tim Gurner.

Tim Gurner believes our housing crisis will be resolved when young Aussies inherit the 'incredible wealth' from the Baby Boomers. #60Mins pic.twitter.com/iET9sus8qW

— 60 Minutes Australia (@60Mins) May 15, 2017

For anyone not wanting to subject themselves to so much cringe, he basically said that millennials are spoilt brats and they need to tone it down on the coffee and avocado spending because they’ll never afford their house deposits at this rate.

Now, let’s break this down. If we spend $4 on a cup of coffee every day of the week, then this will cost $28 a week. If we then add a smashed avo meal purchased at the modest price of $19, that means we spend $47 each week on our fancy millennial lifestyles. That’s $2,444 every year.

The average cost of a house in Sydney is around $1.1 million; in Brisbane it’s $540,000 and in Melbourne it’s $800,000. Usually, you need at least five per cent of your loan paid upfront. In Sydney, it would take you about 22.5 years of giving up your smashed avo and coffee lifestyle to afford a deposit (not including the dreaded lenders' mortgage insurance). That’s just not a scenario I’m willing to live out.

This is quite a modest estimate, based on the minimum five per cent house deposit, which is generally not ideal. The New York Times have proposed a far more daunting estimate based on the U.S. housing market and wages. According to them, it would take 113 years to afford a 20 per cent down payment. Just nope.

Australia obviously angry-reacted on Twitter, but Gurner’s comments were flown across the Pacific Ocean to our American comrades. In true solidarity, American Twitter joined in on the flaming roast.

and when Persephone was in the underworld she ate just one bite of avocado toast and so, from thence forth, was cursed to never own a home

— Disparition (@desaparicion) May 16, 2017

@samsanders Eating avocado toast while wearing a romper is why millenials go bankrupt.

— Catlin (@catfish619) May 16, 2017

Monthly expenses
Transportation: $120
Food: $500
Clothing $200
Avocado toast: $35,000
Someone good at the economy please help me budget this

— Murtaza Hussain (@MazMHussain) May 15, 2017

Millennial dragon, guarding its treasure hoard of avocado toast and rideshare apps, but no diamonds to speak of

— JuanPa (@jpbrammer) May 15, 2017

I was gonna put a down payment on a house last year but then I spent $44,000 on avocado toast https://t.co/SvSEisua71

— Jennifer Albright (@albrightjc) May 15, 2017

Thank you, Twitter, for having our back during these hard times.

Photo: iStock