Millennials are well-known for drinking overpriced lattes and eating fancy breakfasts, such as toast covered with avocadoes. However, it may be wiser to use the money spent on such extravagances on sensible investments instead. To determine just how many lavish breakfasts such as avocado toast it would take to afford a home, a study was performed utilizing data from several cafes in 10 different cities worldwide. Specifically, this study involved determining the number of avocado toasts that people would have to forego in order to be able to afford a 20% home deposit.
Key Takeaways:
- It takes 3,100 toasts to reach the deposit of the average deposit for apartments.
- It is 11,000 toasts for the average down payment in Japan.
- The biggest one being london at 24,000 toasts for your average apartment price.
“We took the average cost for avocado toast in a handful of cafes in each city, and looked at how many you’d need to forego to afford a 20% deposit on a home.”
