Can the post-80s and post-90s buy a house by going to a cafe less?

Australian social demographer Salter said recently that Gen Y could afford to buy a house if they ate less expensive avocado bread in cafes.

In Australia, Generation Y (also known as millennials, equivalent to post-80s and post-90s) is often labeled as "indulgent" in Australia, the Information Times reported. Bernard Salter, an Australian social demographer, recently published a column saying that young people of Generation Y in Australia can afford to buy a house if they go to cafes less to eat expensive avocado bread. As soon as this remark came out, it immediately caused an uproar.

British and American media reported on the 19th, "I see that many young people like to eat avocado cereal bread with feta at a price of 22 Australian dollars," Salter wrote in his column. "but I can't afford it. Because I am middle-aged and need to support my family. But can those young people afford it? Should they be careful about eating at home instead of eating out often? The A $22 meal several times a week can save money on buying a house! "

As soon as this remark was made, it was approved by many middle-aged people on social media, but it caused the fury of Gen Y young people. They have hit back on social media that house prices are much more expensive now than they were when their parents were younger.

In response to this claim, many cafes in Melbourne discounted this popular bread to $10 to show their support for young people. Zhongxin

Settle accounts

9100 fewer meals of beef and fruit bread is enough for the down payment.

At present, the average house price in Sydney is A $1 million, even if the down payment is A $200000, which does not include fees such as stamp duty.

Save A $22 a week and only A $1114 a year, which is a long way from the down payment. In other words, to save enough for the down payment, they have to eat about 9100 tons less avocado bread, so Salter's statement is a joke.

Australian netizens jumped out one after another, saying sarcastically, "Salter is right. As long as you spend $22 less a week, you can afford a down payment on a house in Sydney in 175 years." Another netizen joked: "I didn't eat avocado grain bread this morning. I'm glad to be able to buy a house next week." Zhongxin

Background

House prices in Australia have soared in recent years. It is difficult for Generation Y to buy a house.

According to a recent statistics, in 1988, Australians only need to save 32% of their income to buy a house, but now the ratio has soared to 134%.

House prices in Australia have soared in recent years. Last week, an one-bedroom apartment in Sydney's Campdang district sold for A $1.23 million, compared with A $688500 in 2013, an increase of nearly 80 per cent in three years.

For Australians under the age of 40, buying a house seems to have become an impractical pseudo-proposition, and Gen Y is particularly burdened with buying a house.

According to the Australian Bureau of Statistics (ABS), Gen Y owns personal property much later than their parents. In 2013-2014, only 12.8% of Australians aged 15 to 24 and 38.6% of Australians aged 25 to 34 bought property with full money or loans.

Zhongxin

Response

Young Australian: if you can't afford a house, why don't you go to the cafe and enjoy it?

Bridget Delaney, a female Australian journalist, also wrote a rebuttal, saying that it is not that Gen Y in Australia do not want to save money to buy a house, but prefer to go out for brunch in a cafe; they cannot afford a house, so they go to the coffee shop-brunch is like a comfort. She cried angrily, "brunch is all we have. Don't take it away, Bernard."

Sydney comedian James Corley, who belongs to Generation Y, who is still renting, said in an interview that people of the same age feel that it is pointless to save money to buy a house, but they can't afford a down pay. can't you enjoy the little fun of avocado bread? A Kyung

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