Rich, you’re assuming that you’d get a pile of money.  If you bought 2-5 years ago, you wouldn’t.  You’re also assuming you can find a rental for less than the interest of your mortgage at 2.x% – 3.x%.  You’re also assuming you’d want to uproot your family and kids to move into a rental.  You’re also assuming that you want to run the risk of rent not rising and/or home price not crashing.

That giant pile of cash will get eaten up really quick if inflation keeps on running at this transitory rate for the next 10 years.  Rent for a small 3/2 in MM is now $3600/month, that’s $42k/year.  In 10 years, that’s over $400k in cash gone, assuming rent doesn’t increase over the next 10 years while inflation runs high.