“I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” Tim Gurner, an Australian property mogul told 60 Minutes. “We’re at a point now where the expectations of younger people are very, very high,” Gruner said. “They want to eat out every day, they want to travel to Europe every year. The people that own homes today worked very, very hard for it, saved every dollar, did everything they could to get up the property investment ladder.” Tim’s words from several months ago ignited a backlash from millennials who were offended someone would attack their eating habits.
But now that President Trump has said he will be closing the southern border, the countrywide shortage of avocados has the ability to put more money into millennials’ bank accounts. With the extra $140/week or thereabout for a daily avocado toast eater, it could finally be time for millennials to become homeowners.
With US supply of avocado predicted to dissipate within three weeks of the closing of the border, the housing market could slip out of baby boomer control and become land of the millennials in no time.