I really think you’re right, but 5yrs is a long time to be a renter. I personally can not break free of the home-owner psychology. I guess it’s the whole watching your kids grow up in the same stable environment thing. Our landlord has just decided to put our very nice North Cty Coastal rental on the market, so guess who gets to move in a couple weeks. My wife is less than thrilled. Very fortunately, we found another rental in the same school district. Rentals in this district do not pop up very often, so I feel blessed at timing!
Anyway, eventually we’ll choose home-ownership over sunshine, and it is very unlikely that we will hold out 5 years. Especially if we’re forced to move out of the next rental too.