Property tycoon, 35-year-old Tim Gurner, has solved the national housing affordability crisis in one concise segment on Channel 9’s 60 Minutes, and we all owe him a very sincere thank you.
With no less than half a billion dollars to his name, Gurner summarises his philosophy in one sentence: “When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each.”
“They want to eat out every day, they want to travel to Europe every year,” he told 60 Minutes, referring to Generation Y. “This generation is watching the Kardashians and thinking that’s normal. Thinking that owning a Bentley is normal, that owning a BMW is normal.”
Listen: The Mamamia Out Loud team take a moment to discuss the predicament of poor millennials who may never own a house in Australia. Post continues after audio.
If my interpretation is correct, it would appear that what Gurner is saying, is that if you spend less money on small things, you will save more money for big things, later.
Holy shit. Economists, take the rest of the day off. Politicians, have a nap. Financial planners, you’ve all been made redundant.
Gurner’s got this.
The only thing missing from Gurner’s musings is, of course, anything that mildly resembles a fact. Here are some of them: