Boomer savaged over 'avo toast and coffee' advice for young people wanting a home: 'So out of touch'
An older Australian who owns her own home has given some advice to young people wanting to get onto the property ladder that has gone down like a lead balloon. Some Aussies have all but given up on owning a property as prices continue to skyrocket across nearly every capital city.
The 72-year-old agreed that it's incredibly difficult for almost anyone to purchase property in Australia at the moment. But she had some sage words for those who might have lost all hope.
"You have to sort of maybe not live so lavishly you know, maybe have to give up the odd coffee and avocado on toast," she said in a video on social media.
Have you struggled with getting onto the property ladder? Email stew.perrie@yahooinc.com
Unsurprisingly, people didn't take too kindly to that methodology.
"Yeah because avo and toast is really a mortgage payment," said one user.
"No way she pulled the old avo on toast card," wrote another.
"It’s crazy how older people are so out of touch," added a third.
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But others jumped in to defend her comments.
"I used to buy a cafe coffee every day for 3 years during COVID & I spent almost $5,500, just on coffee in that time ... so it is true. Lil expenses add up," wrote one Aussie.
How much would you actually save if you gave up avo on toast and coffee?
The price of an average coffee has been slowly but surely increasing in the last few years as cafe owners grapple with soaring expenses. There are even predictions it could soon cost you as much as $6 for your daily dose of caffeine.
Some cafes have also gone viral for how much they charge for staple items. One was called out for offering avo on toast for a jaw-dropping $17 while another hit customers with a $19 charge for a breakfast roll.
Spending that much every single day would certainly knock back your ability to afford a home deposit. If you had that expensive avo on toast and pricey coffee each and every morning, then you'd be spending nearly $8,400 each year.
But most Aussies don't eat and drink at a cafe every day and might only be able to afford it once a week, fortnight or month if they're lucky. If you assess it on that metric, Aussies would be spending $1,200, $598 or $276 respectively a year on that "lavish" luxury.
The cost is even more minimal when you make that breakfast pairing at home.