COMMENT ON ANY POSSIBLE NEGOTIATIONS BETWEEN THE TWO COUNTRIES. >>> THEY ARE IN THE PRIME HOME OWNING YEARS OF THEIR LIVES BUT MILLENNIAL'S ARE STRUGGLING TO ACTUALLY BUY HOUSES. THERE ARE SEVERAL REASONS WHY AND NONE OF THE INVOLVED STARBUCKS OR AVOCADO TOTES. SCOTT, YOU TRACKED DOWN THE NUMBERS AND MILLENNIAL'S AS WELL. WHAT IS GOING ON? >> EVERYBODY LOVES AVOCADO TOTES AND THERE ARE ALL SORTS OF LIFESTYLE REASONS, BUT THE REASON MILLENNIAL'S ARE OWNING HOMES AT A LESSER RATE THAN OTHER GENERATIONS, IT'S A NUMBERS GAME. >> Reporter: FOR ELIZABETH AND AARON, THE NUMBERS DON'T ADD UP. >> WE DEFINITELY WANT TO OWN FOR SURE, WE DON'T REALLY KNOW WHAT TIMELINE IT IS FOR THAT. >> Reporter: MILLENNIAL'S WHO HOPE TO SOMEDAY OWN A HOME. >> IT WOULD BE TOUGH TO PURCHASE A HOUSE RIGHT NOW GIVEN THE ECONOMY AND ALL THAT. >> Reporter: THE ECONOMY INCLUDES HIGH HOUSING AND RENT COSTS, NOT TO MENTION THE HIGHEST MORTGAGE RATES WE HAVE SEEN IN YEARS. JUST ASK APARTMENT LIST SENIOR RESEARCHER ROB WARNOCK WHO CAME OUT WITH THE DATA. >> YOU ARE IN SAN FRANCISCO AT A MILLENNIAL, IT'S OUTRAGEOUS. >> I DON'T ON THIS. >> >> Reporter: THE NUMBER OF MILLENNIAL'S WHO SAY THEY WILL BE RENTING FOREVER HAS DOUBLED IN A DECADE AND THE PERCENTAGE OF MILLENNIAL'S WHO OWN HOMES HERE IN THE BAY AREA IS AMONG THE LOWEST IN THE NATION. >> AS IT TURNS OUT, IT SEEMS LIKE AS THEY GET OLDER, THEY WANTED TO OWN HOMES. THEY JUST CANNOT AFFORD IT. >> Reporter: AND THEY ARE TALKING ABOUT A. AFTER POSTING A TWEET WITH THE STATS, I GOT HUNDREDS OF COMMENTS LIKE THIS ONE ASKING, ARE WE FORCED INTO THIS POSITION BY STAGNANT WAGES , INFLATION, SKYROCKETING HOUSING COSTS, AND STUDENT LOANS WITH HIGH INTEREST RATES? >> THAT IS ACCURATE. ALL OF THOSE THINGS HAPPENING SIMULTANEOUSLY, EVEN AS MILLENNIAL'S HIT PRIME TIME FOR HOMEBUYING, EVERYTHING COMBINED MAKES IT REALLY EXPENSIVE, HARD TO SAVE, AND HARD TO BUY RIGHT NOW. >> I MILLENNIAL AND I HAVE A LOT OF FRIENDS WHO ARE MILLENNIAL'S AND A LOT OF THEM ARE IN THIS WAITING PERIOD. WHAT ARE THEY WAITING FOR? A BETTER SITUATION OVERALL? >> YEAH, THEY ARE WAITING FOR INTEREST RATES TO FALL AND MORTGAGE RATES TO DROP. THEY ARE WAITING FOR MORE SUPPLY TO INCREASE THE DEMAND TO ACTUALLY OPEN UP THE MARKET. AS WE GET MORE SUPPLY, PRICES DROP AND MORE PEOPLE WILL BE WILLING TO SELL THEIR HOME AND THAT PUTS MORE ON THE MARKET AND YOU WILL BE ABLE TO BUY A HOME WITHOUT HAVING MULTIPLE OFFERS AND THE PRICES COME DOWN. I THINK THAT'S WHAT PEOPLE ARE WAITING FOR AND I THINK STEP ONE IS THE DROP IN MORTGAGE RATES. THAT SHOULD HAPPEN AS THE FIGHT AGAINST INFLATION STARTS TO WIN. >> WE ARE ALL JUST WAITING AND HOPEFULLY THESE WILL GET FIXED SOONER THAN LATER.
