[whynotminot]

I think you're kind of (completely) missing my point. Who signs two year leases at a motel?

Obviously someone with a kid enrolled in school and locked into a long-term lease is not transient and has a comparable amount of skin in the game as a homeowner.

[valleyer]

I must admit I somehow missed "at the motel" part of your post. I'm sorry!

(I still disagree with your broader point, since I don't think you can meaningfully draw a "has skin in the game" line.)