AlainLocke
Banned
http://www.news.com.au/finance/work...s/news-story/ebd3dae933b625f403982ac0a73df3c9
Developer Tim Gurner, 35, is worth nearly half a billion dollars but has delivered a brutal smackdown to some would-be first home buyers struggling to get a toehold in the market.
“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” he told 60 Minutes in a segment exploring Australia’s housing affordability crisis.
“You have to start to get realistic about your expectations. There is no question we are at a point now where the expectations of younger people are very, very high.
“They want to eat out every day, they want to travel to Europe every year. This generation is watching the Kardashians and thinking that’s normal. Thinking that owning a Bentley is normal, that owning a BMW is normal.
Mr Gurner was ranked 157 on this year’s Financial Review Rich List after making $473 million in 10 years. He started out by taking over a lease on a suburban gym as a 19-year-old, using $34,000 given to him by his grandfather. He sold the business a year later to a competitor and went into property development, riding the boom in Melbourne and Brisbane. His Gurner company now has 5000 apartments worth $2.7 billion on its books.
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Act like you didn't get 34K to start your business from your grandparents...rich Cacs love to talk that talk...
Developer Tim Gurner, 35, is worth nearly half a billion dollars but has delivered a brutal smackdown to some would-be first home buyers struggling to get a toehold in the market.
“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” he told 60 Minutes in a segment exploring Australia’s housing affordability crisis.
“You have to start to get realistic about your expectations. There is no question we are at a point now where the expectations of younger people are very, very high.
“They want to eat out every day, they want to travel to Europe every year. This generation is watching the Kardashians and thinking that’s normal. Thinking that owning a Bentley is normal, that owning a BMW is normal.
Mr Gurner was ranked 157 on this year’s Financial Review Rich List after making $473 million in 10 years. He started out by taking over a lease on a suburban gym as a 19-year-old, using $34,000 given to him by his grandfather. He sold the business a year later to a competitor and went into property development, riding the boom in Melbourne and Brisbane. His Gurner company now has 5000 apartments worth $2.7 billion on its books.
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Act like you didn't get 34K to start your business from your grandparents...rich Cacs love to talk that talk...
most of the time.
accomplishment, congrats to this cac 
