The Wealthy Renter
How to Choose Housing That Will Make You Rich
Will be published approx. on 17. November 2016
Book
Paperback/Softback
200 pages
978-1-4597-3646-7 (ISBN)
Description
A National Bestseller!
Why be house poor when you can rent rich?
"Why rent when you can buy?" More than any other, this phrase captures the overwhelmingly unanimous promotion of home ownership to Canadians. Real estate agents, mortgage brokers, family, friends, and even the government promote ownership as a safe, attractive, and sure-fire path to personal wealth. This one-size-fits-all advice ignores the reality of Canada's housing market.
Canadians deserve better advice.
Faced with expensive house prices in a near-zero interest rate world, it's time Canadians heard the virtues of renting and seriously considered renting as an alternative to home ownership. Real estate analyst Alex Avery insists renting offers a simple, more affordable way to live, plus in Canada's frenzied housing market, going month-to-month is dramatically lower risk. He claims the reputation of home ownership as a wealth building strategy is unfounded and shows renters how to replace bricks-and-mortar with better investment opportunities.
Why be house poor when you can rent rich?
"Why rent when you can buy?" More than any other, this phrase captures the overwhelmingly unanimous promotion of home ownership to Canadians. Real estate agents, mortgage brokers, family, friends, and even the government promote ownership as a safe, attractive, and sure-fire path to personal wealth. This one-size-fits-all advice ignores the reality of Canada's housing market.
Canadians deserve better advice.
Faced with expensive house prices in a near-zero interest rate world, it's time Canadians heard the virtues of renting and seriously considered renting as an alternative to home ownership. Real estate analyst Alex Avery insists renting offers a simple, more affordable way to live, plus in Canada's frenzied housing market, going month-to-month is dramatically lower risk. He claims the reputation of home ownership as a wealth building strategy is unfounded and shows renters how to replace bricks-and-mortar with better investment opportunities.
Reviews / Votes
Alex Avery shows many of our preconceptions costs us money. * National Post * There's a cure for this nation's narrow-mindedness about renting instead of owning a home. It's a new book called The Wealthy Renter. * Globe and Mail * A good read filled with lots of facts, perspective, and questioning of the status quo. * Financial Post * As one of the few guides specific to Canadian renters, Avery's fills an information gap and is a solid overall choice for anyone interested in Canadian housing options. * Publishers Weekly * While Canadian focused, a great deal of the information and all of the general principles are applicable to diverse American housing markets as well. * Midwest Book Review *More details
Language
English
Place of publication
Toronto
Canada
Product notice
Paperback (trade)
Illustrations
Illustrations
Dimensions
Height: 226 mm
Width: 150 mm
Thickness: 10 mm
Weight
318 gr
ISBN-13
978-1-4597-3646-7 (9781459736467)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
09/2016
Dundurn Press
€9.49
Available for download
Person
Alex Avery is a top-ranked institutional equity research analyst, who advises institutional investors on real estate investments. He lives in Toronto.
Content
Contents
Chapter 1: The Stakes Are High - Where We Live Defines Our Lives
Chapter 2: The Cult of "Why Rent When You Can Buy?"
Chapter 3: Repeat After Me: Renting Is Okay!
Chapter 4: Rent - Something Everyone Pays. Always.
Chapter 5: The Canadian Housing Market
Chapter 6: What Really Drives Real Estate Prices - The Golden Rule
Chapter 7: What Really Drives Real Estate Prices - Demand for Housing
Chapter 8: What Really Drives Real Estate Prices - Supply of Housing
Chapter 9: The Big Six
Chapter 10: The Ugly Numbers
Chapter 11: Leverage: Seductive and Deadly
Chapter 12: Beyond Weak Returns, Housing Is Just a Terrible Investment
Chapter 13: Investment Creep
Chapter 14: Everyone Wins When You Buy a Home (Except Maybe You!)
Chapter 15: Big Brother Wants You to Buy a House
Chapter 16: What Have the Rule Makers Been Up To?
Chapter 17: How Housing Can Dictate Your Career in Surprising and Unexpected Ways
Chapter 18: Forced Savings: The Secret of the Wealthy Renter
Chapter 19: Retirement and Housing
Chapter 20: Seven Reasons Renting Is a Better Financial Decision
Chapter 21: How to Be a Wealthy Renter
Index
Chapter 1: The Stakes Are High - Where We Live Defines Our Lives
Chapter 2: The Cult of "Why Rent When You Can Buy?"
Chapter 3: Repeat After Me: Renting Is Okay!
Chapter 4: Rent - Something Everyone Pays. Always.
Chapter 5: The Canadian Housing Market
Chapter 6: What Really Drives Real Estate Prices - The Golden Rule
Chapter 7: What Really Drives Real Estate Prices - Demand for Housing
Chapter 8: What Really Drives Real Estate Prices - Supply of Housing
Chapter 9: The Big Six
Chapter 10: The Ugly Numbers
Chapter 11: Leverage: Seductive and Deadly
Chapter 12: Beyond Weak Returns, Housing Is Just a Terrible Investment
Chapter 13: Investment Creep
Chapter 14: Everyone Wins When You Buy a Home (Except Maybe You!)
Chapter 15: Big Brother Wants You to Buy a House
Chapter 16: What Have the Rule Makers Been Up To?
Chapter 17: How Housing Can Dictate Your Career in Surprising and Unexpected Ways
Chapter 18: Forced Savings: The Secret of the Wealthy Renter
Chapter 19: Retirement and Housing
Chapter 20: Seven Reasons Renting Is a Better Financial Decision
Chapter 21: How to Be a Wealthy Renter
Index