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  • 1 year ago
Stop buying avocado toast or you'll never own a house: an Australian millionaire's theory on why millennials won't become landlords.
Transcript
00:00Absolutely, when you're spending $40 a day on smashed avocado and coffees, they're not working.
00:11We are coming into a new reality where first-home buyers, second-home buyers and a lot of people won't own a house in their lifetime.
00:17That is just the reality of where we're going.
00:19So you think that young people have now got the prospect of never owning a home?
00:23Absolutely, when you're spending $40 a day on smashed avocado and coffees, they're not working. Of course.
00:30We are coming into a new reality where first-home buyers, second-home buyers and a lot of people won't own a house in their lifetime.
00:38When I had my first business when I was 19, I was in the gym at 6am in the morning and I finished at 10.30 at night and I did it 7 days a week.
00:44And I did it until I could afford my first home.
00:52There was no discussions around could I go out for breakfast or could I go out for dinner or whatever it was, I just worked.
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