The avocado toast homeownership meme, explained
How the innocent avocado toast became a synonym for millennial excess Sixty-six million years ago, ancient giant ground sloths consumed avocados whole, traveled long distances, and, ahem, fertilized and dispersed the seed. Today, we still have avocados?and an affordable housing crisis that only seems to be getting worse.
A post shared by The Avocado Dream (@theavocadodream) on Jan 7, 2018 at 6:21am PST
There?s a lot that can happen in 66 million years, but surely the prehistoric giant ground sloths would have never dreamed that these two seemingly separate entities?avocados and real estate?could be as intrinsically tied as they are today. So how did we get here"
Well.
One year ago today, Australian millionaire developer Tim Gurner sat down for an interview with 60 Minutes Australia. For context, Gurner hails from Melbourne, the fifth-least-affordable housing market in the world, according to the 14th Annual Demographia International Housing Affordability Survey. In Melbourne, people pay up to almost 10 times their annual income to purchase a home. And in neighboring Sydney, the second-least-affordable housing market in the world, it?s up to almost 13 times the annual income.
In a world always hungry for clickbaity blanket answers to deeply complicated problems, Gurner produced one of the tastiest sound bites we were blessed with in 2017.
?When I was trying to buy my first home, I wasn?t buying smashed avocados for $19 and four coffees at $4 each,? Gur...
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