Because not many people own homes in the US. So if local prices go up, renters have to move elsewhere. If you own a house, chances are you still have to move be

Because not many people own homes in the US. So if local prices go up, renters have to move elsewhere. If you own a house, chances are you still have to move because other services become too expensive for you, but at least you made a nice profit on the house. If you rent, it's a lose-lose situation.