> Anyway you look at it homeowners come out way ahead every time, for doing absolutely nothing.
Homeowners in less demanded areas do not.
Homeowners in less demanded areas do not.
Also pretty sure there aren't many places in California where owning a home is such a liability that your annual losses would exceed those of one renting a comparable property. You might still have to work, but you're still ahead of someone who has to work and pay rent.