One other intangible to take into consideration:
If you own a home, you most likely live amongst homeowners. people who tend to be responsible, take pride in their property, and have a clue about being respectful.
if you rent, you live amongst renters. People who tend to not give a damn, play their music too loud, take drugs, and end up on an episode of cops yelling "throw his ass in jail!"
Of course that's an exaggeration but it is based in some truth.
More renters are closer to the definition of low-life than homeowners. Unless of course you live next to UNO in ARIZ
