Tim Gurner, 35, an Australian millionaire, developer of $3.8 billion in luxury property projects, 60 Minutes in Australia, that young people can’t afford to buy property because they’re wasting money on fancy toast and overpriced coffee.
He said, according to 9news.com.au:
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“When I was trying to buy my first home, I wasn’t buying a smashed avocado for $19 and four coffees at $4 each,” he said.
“We’re at a point now where the expectations of younger people are very, very high.
“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 (and) saved every dollar, did everything they could to get up the property investment ladder.”
“This generation is watching the Kardashians and thinking that’s normal – thinking owning a Bentley is normal,” he said.
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