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A comment on What Do Millennials Spend All Their Money On?.

Re:What Do Millennials Spend All Their Money On? by madeofpalk on Sunday May 21, 2017 @07:03PM (#14389724)
> It's not because houses are more expensive: the average house costs about a third more than it did in the 80s and early 90s

For what it's worth, this whole 'Avocado toast' thing comes from the "Australian Housing Affordability" 'crisis' that's going on at the moment, where housing prices have raised 70% just in the past 5 years alone.

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Re:What Do Millennials Spend All Their Money On? by lobster_johnson on Sunday May 21, 2017 @07:20PM (#14389795)
What's the cause of the increase?
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Re:What Do Millennials Spend All Their Money On? by kolokolo on Sunday May 21, 2017 @07:28PM (#14389833)
Inorganic population growth by immigration. There are heaps of millionaires in China and the banks are giving them quite some leverage.
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Re:What Do Millennials Spend All Their Money On? by Mao_Zedang on Sunday May 21, 2017 @07:25PM (#14389818)
- pensions being invested in real estate

- overseas investment

- generous tax incentives where you can reduce your taxable income to zero, "negative gearing"

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