Millionaire To Millennials: Income Inequality Isn’t The Problem, Avocados Are | Soshal Network, Social Circle Connection

Millionaire To Millennials: Income Inequality Isn’t The Problem, Avocados Are

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Tim Gurner believes millennials can not afford homes due to the fact that they're buying Starbucks and also avocado salute. Cenk Uygur and also Ana Kasparian, the hosts of The Young Turks, simplify. Tell us what you believe in the remark area below.

" Easily spending on avocados– the pricey, popular superfruit beloved by youngsters– might be one of the reasons that some young people can't afford a home, according to Australian millionaire and also property mogul Tim Gurner.

" When I was trying to buy my very first residence, I wasn't getting wrecked avocado for $19 and also four coffees at $4 each," Gurner informed the Australian news program 60 Minutes.

Only 32% of home owners were new buyers in 2016, the lowest point since 1987, according to a study by NerdWallet. A current study by HSBC located that American millennials have a homeownership price of 35%, and in Australia just regarding 28% of millennials have their residences. Expense is commonly a significant factor in millennials' choices to buy– the research discovered that a lot of young homeowners got a financial increase from their moms and dads when making their purchase.

" We go to a factor now where the assumptions of younger people are very, really high," Gruner claimed. "They intend to dine in a restaurant on a daily basis, they intend to take a trip to Europe annually. Individuals that have houses today worked extremely, very hard for it, conserved every dollar, did whatever they can to get up the building financial investment ladder."

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42 comments

  1. Posted by lori bloom, at Reply

    massive forehead

  2. Posted by Kamran Keyium, at Reply

    damn avocados man, if only its cheaper everyone could have bought mansions

    • Posted by Ethan Davidson, at Reply

      do WHAT THEY DO IN OTHER PLACES IN THE usa WITH BAD WATER. dRINK MOUNTAIN dEW INSTEAD. sURE, YOU WILL GET mountain Dew Moth and Diabetes and you babies will get cavities in their first teeth, but it’s still better for you than drinking the water.

  3. Posted by John J. Johnington, at Reply

    He looks intelligent. Look at the size of his forehead.

    • Posted by LincDN, at Reply

      Neanderthals had larger craniums than modern humans. Big head/brain doesn’t necessarily mean smarter.

    • Posted by BUGZES, at Reply

      HE EATS 9000 CRIPSY CRUNCHY COCKROACHES A DAY

    • Posted by Adam Doukkali Thomson, at Reply

      John J. Johnington frenology doesn’t matter anymore. We live in a new age of the earth were people with small heads do well in society. If you were sarcastic I strongly apologize for my misunderstanding of your comment.

    • Posted by Helen Short, at Reply

      +KrazeeClark that’s a sixhead at least! 50% extra free!

  4. Posted by Steven Christmas, at Reply

    Avocados are the cause of many of the world’s problems.

  5. Posted by Aiden Jarram, at Reply

    You didn’t mention that he got a $34000 loan from his grandad for the deposit

  6. Posted by Malachi Owens, at Reply

    Avocado toast? How does that even….😑😑😑😑😑

    • Posted by adeel1650, at Reply

      It’s the vegan version of Iranian caviar toast his rich friends would know that lol…..Guess all millennial are eating those things (sarcasm).

    • Posted by Baron Ockslite, at Reply

      adeel1650 umm no. It’s not the vegan version of anything, it’s just a food.

    • Posted by zammmerjammer, at Reply

      +rouge1ful Guacamole is disgusting.

    • Posted by adeel1650, at Reply

      Baron Ockslite, I was joking…The whole point of this video is about how ridiculous his theory is. That’s why I said Iranian caviar toast. I could have said wild truffle toast or oyster toast. All of these are gourmet foods most people do not eat…

  7. Posted by OutlawRebel117, at Reply

    They may have money but they lack knowledge.

    • Posted by Abraham Giradin, at Reply

      David Dial : only enough to invest in the S&P 500 index. Beyond that it’s just balancing a checkbook.

  8. Posted by IMDRanged, at Reply

    That guy is a complete guac.

    • Posted by VerdantNight, at Reply

      No need to insult guacamole. Why do I have a sudden craving for nachos?

  9. Posted by ElNingyou, at Reply

    There goes the avocado industry, THANKS MILLENNIALS.

    • Posted by bob surman, at Reply

      But according to this millennials are paying 19 dollars for smashed avocados, we’re keeping the business alive.

  10. Posted by Derrick Belanger, at Reply

    This guy is a shitbag. There, I made my contribution to the conversation. You’re welcome.

    • Posted by Gavin Laster, at Reply

      Derrick Belanger I agree

    • Posted by vorsye, at Reply

      +Derrick Belanger – Were you held back a grade or Two?

    • Posted by Andrew Mildenberg, at Reply

      vorsye What makes you say that?
      People can’t be justifiably upset towards assholes like this with no self awareness or perspective?

      Were *you* held back a grade or five?

      (You see how that doesn’t add to a conversation?)

  11. Posted by PaddyCollector, at Reply

    the oldest “millenials” are 35 years old. when is the millenial bashing going to stop? It is pathetic.

    The facts are out in the open for anyone to find. economic problems are systemic and not related to individual behavior.

    -medical bills are the number one cause of bankruptcy.
    -wages have been stagnant for nearly thirty years.
    -if the minimum wage kept up with inflation since the 1960’s it would be over $10 per hour.
    -the amount of money lost due to wage theft is more than ALL other theft COMBINED.
    -the cost of college is at an all time high.
    -the USA has been at war for the longest time in history. the Iraq and Afghanistan wars are the first and second longest wars in American history.
    -housing prices compared to median income are the highest they have been since before the 2008 crash, and that was the highest in history.

  12. Posted by Stefán Örvar Sigmundsson, at Reply

    So in order to buy a small simple home you ought to live a life of poverty. We could also just tax the rich who have direct access to the natural resources of the planet.

    • Posted by Stefán Örvar Sigmundsson, at Reply

      Why should natural resources belong to any particular person? You can’t do anything in this world without them anyway, sitting or standing.

    • Posted by Blablabla Blabal, at Reply

      +Stefán Örvar Sigmundsson What about if you want them go out there and get them instead of taxing people. If you fought or worked for something you have the right to keep it and it belongs to you until someone else comes to take it away from you. That includes natural resources.

    • Posted by takethegate, at Reply

      The natural resources are owned by the government. The government sells those resources to the highest bidding investors. The investors then take the natural resources by force using the local thugs or government to kill any opposition. The damages to people and planet are socialized the profits from the extraction are privatized. Haven’t you been watching how the slow death of a planet develops?

    • Posted by Stefán Örvar Sigmundsson, at Reply

      Blablabla Blabal: I’m short a few billion dollars.

  13. Posted by Citadel1221, at Reply

    I do not pay $4 for coffee.
    I do not go to Starbucks.
    I go to the grocery store to get avocado on toast, which is healthy and I quite enjoy, and I can NOT afford a home. I am lower middle class and I’m here to announce, THE AMERICAN DREAM IS DEAD.

  14. Posted by Harmony Salem, at Reply

    Eat out everyday?! Travel to Europe every year?! What the hell is this guy talking about? I am barely getting by. How much money I set aside for spending on any kind of food items are $200 per month. I skip meals all the time. I buy coffee powder from Smart​ and Final. I can’t afford fancy Starbucks coffee. I don’t have the luxury of taking time off work let alone to pay for a trip out of the country! Most of the rich are so out of touch with what the situation is for the average Amarica

  15. Posted by zammmerjammer, at Reply

    Here’s a crazy theory — younger people would rather have fun going out for brunch and travelling a bit than being wage slaves in rags so that they can buy a patch of dirt.
    Or they know they’ll never ever ever be able to buy that patch of dirt so they’ve made peace with renting forever (and having roommates forever) and decided to enjoy eating nice things and going on vacation once in a while.
    But yeah… avocados.

  16. Posted by Fred Curry, at Reply

    Ha! The very people to screwed up the economy criticizing millennials for not being successful is like kicking somebody in the balls and criticizing him for not standing up straight.

    • Posted by Gavin Laster, at Reply

      Fred Curry I’m getting a damn job at 15 *legally*

  17. Posted by Beats, Games, Life -ZimM804, at Reply

    1 whole avocado cost .50¢ to .99¢. WTF is he talking about?

    • Posted by NeahAustralis, at Reply

      Beats, Games, Life -ZimM804 where I live in Australia avocados range from $2 to $4 depending on the season.

  18. Posted by Dani C, at Reply

    My monthly budget:
    Food: $200
    Entertainment: $100
    phone and internet: $100
    Rent and Utilities: $1200
    Avocados: $7200

    • Posted by kefkapalazzo1, at Reply

      id starve

    • Posted by Dani C, at Reply

      But you have $7200 in avocados

    • Posted by Balsac Teabaghar, at Reply

      LOL