To Spend or Not To Spend

There is an ever increasing trend of Millennials being blamed for “killing” brands, companies, and even entire sports.  College Humor has ranked every murder committed by Millennials and why this might be happening, but more seriously, this is another disparaging tact being taken to bully our generation into self deprecation.  One of the industries that we are currently torturing and murdering is home ownership.

Tim Gurner, an Australian millionaire, has recently given the advice to Millennials that if they didn’t buy avocado toast and $4 coffee, go to sporting events and social outings, we would be able to buy our first home.  While this is a dream of mine, because I am married to Auburn, CA for the next twelve years, I can see why owning a hold sounds horrible to other Millennials.

 

avocado-toast
The perfect Avocado Toast from Cooking Light for here

 

Our generation is the first generation to enter the working world with an ever growing amount of “work from wherever” jobs.  We don’t want to be tied to one area for a long period of time and we don’t see the point in creating a long lasting debt for a home that is over priced, especially in California, and will limit ability to roam.

I think that the most important take away from this idea of homeownership is that it is cyclical. If we travel and move, there is a good chance that our children will want the roots that we didn’t provide to them.  Either way, we, the millennials, have to understand that older generations wanted to own a home because they needed that stability, and older generations have to understand that stability in one area is the last thing that we want.

For future comparisons of Millennials and other generations follow We, the Millennials.

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