it's probably because they read articles like this one where the guy's main focus for investing is to fund overseas travel.
There is nothing wrong with that, it's what his priorities are. But should he come on HC property forum in ten years time as a 30 year old after another decade of property price growth and claim it is impossible for him to get onto the property ladder, the blame will be squarely on his shoulders and the oldies will have been right....
http://www.smh.com.au/money/investi...he-smashed-avocado-generation-20170710-gx8c21
ps, I am not an oldie, bought my first property (apartment) during previous Sydney boom when the same discussions around unaffordability were being had. Scrimped and saved through 9% interest rates and built up the offset account as much as I could. Single wage, below median, no help from parents, inner ring apartment.
Best move I ever made.
Two more smart property transactions and I now have a freestanding house in the inner ring instead of an apartment.
I have travelled overseas every year since I was 21.
It is purely financial management, smashed avocado has become this strange synonym with millennial splurging.
But it is somewhat true. But not on it's own.
A $5k overseas trip once a year is only $100 per week. Or... 2 smashed avocados, 5 coffees, and a dinner out.
I'll take the overseas trip over these things any time, but hey that's just me...
