I have relatives that won't be boomeranging, ever.. Now that they have a taste of just picking up the phone and telling their apartment manager "come get the sink unclogged", they have no intention of buying again. They won't even buy a new washer and dryer because they know if they rent one instead, when it breaks its someone else's responsibility now.
We saw this a few years back, as the elderly sold off their biggest and last asset, and then either moved in with their boomer-aged children, or rented. For practically all of them, they can't or won't outlive their money and need an easier day-to-day life. It's a hell of a lot cheaper than an assisted living center or retirement home.