I think the feeling and mindset of buying a place/home is similar to being hired permanently at a company. Renting is like being a temp worker.
You know you’re going to move so subconsciously, you just don’t try to bond as much with your co-workers since you’re only there temporarily for the work and that’s it. You also don’t belong and aren’t invited to all the company activities.
I remember the whole group going to watch movie premiers (back in SV) during the day and I had to sit in my cube doing work or wasting time.
With renting, I think for a lot of folks, it’s the same. You just don’t want to get to know the neighborhood since your mind tells you you will be gone soon and you don’t really even try to put down roots…
With jobs what they are now, work is not as great as during the tech boom, but good experiences as a permanent employee vs. just a contractor/temp.