6 years ago
2
The avocado toast index: How many breakfasts to buy a house?
If you’re under 35, you’re a millennial. Recent culinary trends suggest that, while reading this, you might have an overpriced latte in one hand, and a fancy piece of toast smothered with avocadoes in the other. And some suggest that you’d rather waste your money on an Instagrammable breakfast than make sensible investments like buying a house. Well, so says conventional grumpy wisdom, most recently articulated by Australian tycoon Tim Gurner, who made international headlines this month for blasting young home buyers for their spending habits.
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People pay 20 bucks for a piece of bread smeared with avocado? I'm definitely in the wrong business.
I wish I didn't have this nagging sense of guilt about taking advantage of people's stupidity.
Especially when you can make the same thing at home for pennies on the dollar. What are people thinking.