avocado toast

Millennials are outraged by how unaffordable houses have become. When Bernard Salt, a partner at KPMG, an accounting firm, suggested in a newspaper column last year that young buyers simply needed to cut back on breakfasts at fancy cafes to afford their deposit, he was pilloried. Would-be homeowners, it was pointed out, would have to forgo 5,000 servings of “smashed avocado with crumbled feta on five-grain toasted bread” — 48 years’ worth of overpriced weekend breakfasts — simply to raise a 10 percent deposit on a typical house in Sydney.

-Shuttered Dreams The Economist


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