Perhaps that’s only because our debt driven society brainwashes people into thinking they can’t be financially successful or retire comfortably (or at all) if they don’t own a home. The distress of not fulfilling the American dream and fueling our insatiatiable propensity to expend may lead some to a lesser sense of self worth, et al.
Then again, as this housing downturn plays out a lot of “homeowners” probably aren’t faring as well as renters these days.