This was the same "millennials don't want to do X" argument you heard a few years ago. That started to stop once millennials got enough cash to do X. A major,

This was the same "millennials don't want to do X" argument you heard a few years ago. That started to stop once millennials got enough cash to do X. A major, major confounding issue is simply not having the money. Of course you'll see a trend of fewer people buying homes if home prices are so high that fewer people can afford them.