Home Australia Boomer unleashes at $7 obsession that is stopping young Aussies from buying a home: ‘They’re addicted’

Boomer unleashes at $7 obsession that is stopping young Aussies from buying a home: ‘They’re addicted’

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ABC Radio Adelaide presenter and Sunday Mail columnist Peter Goers claimed young Australians who spent money on coffee were drinking the house deposit.

A baby boomer columnist has claimed young Australians should stop buying coffee if they want to afford a house.

Sunday Mail columnist and former ABC Radio Adelaide presenter Peter Goers made this claim on Saturday in an opinion piece titledInstant solution to Generation Z’s real estate problem‘.

Attendees explained that they had spent their adult lives drinking black coffee and Coca-Cola, claiming they were much cheaper options than the amount young Australians spent in cafes.

Coffee prices are expected to soar to $7 a cup due to the cost of living crisis and skyrocketing global coffee bean prices.

Goer claimed the coffee obsession was costing young Australians dearly, spending money that could otherwise be saved for a house deposit.

“We all love a bonza barista who tamps out the coffee grounds or quickly cleans the milk spigot,” he wrote.

“Young people, in particular, are addicted to cafeteria coffee and happily queue twice a day to get their fix at $7 a shot.”

Attendees explained that buying two coffees each day for $7 each amounted to $5,100 in one year and $51,000 in ten years, which represented a “large chunk of a house deposit.”

ABC Radio Adelaide presenter and Sunday Mail columnist Peter Goers claimed young Australians who spent money on coffee were drinking the house deposit.

“Young people complain incessantly that they will never be able to afford a house, but they happily drink one out of paper cups,” Goers wrote.

“Drink instant coffee and buy a house.”

Attendees claimed young Australians were obsessed with coffee culture due to the number of cup holders seen in cars and shopping trolleys.

He suggested they should switch to instant coffee and buy a 500-gram can of Nescafé for $16, as it makes about 90 cups of coffee at 17.7 cents each.

Goers is the latest baby boomer to say that buying coffee at coffee shops hinders buying a home.

A 75-year-old man, who has $2 million in his bank account, told real estate investment company Coposit that he owned several homes.

He said it was possible to achieve this if people stopped wasting their hard-earned money on meaningless goods and services.

‘You’re wearing a branded t-shirt. We never buy brand name t-shirts. You wear designer shoes. We never buy brand name shoes,’ he said.

Attendees urged younger generations to switch to instant coffee and brew their cup at home to save for the house deposit.

Attendees urged younger generations to switch to instant coffee and brew their cup at home to save for the house deposit.

‘So, you have this pressure on you to maintain a certain style. That style costs money, believe me, it costs money.

“It must be difficult for young people today to live that lifestyle and at the same time save for a property.”

I also didn’t understand why so many people were happy to pay $7 for a coffee every morning when they could bring it from home.

Baby boomers have also previously criticized Australia’s younger generations for being lazy, with many saying they had to give up mashed avocado on toast, overseas holidays and coffee they could save as a house deposit.

Australian property developer Tim Gurner surprised residents with his comments that millennials could afford a home if they stopped buying the brunch favorite.

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