‘Just stop buying lattes’

1/3/2023

This article debunks the popular narrative that millennials can't afford to buy houses because they spend all their money on expensive coffee. It traces the origins of this myth back to a 2008 interview where an investment expert suggested that millennials could save money by cutting out daily coffee purchases. The article argues that blaming the housing crisis on coffee purchases oversimplifies a much larger issue: stagnant wages, rising student debt, and soaring home prices. It highlights the financial challenges millennials face and the systemic factors that contribute to their inability to enter the housing market. Ultimately, it calls for a more nuanced understanding of the millennial housing crisis and encourages addressing the underlying economic factors at play.

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