The Wealthy Renter: How to Choose Housing That Will Make You Rich
Alex Avery
Sep 2016 · Dundurn
4.6star
17 reviewsreport
Ebook
200
Pages
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About this ebook
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.
Ratings and reviews
4.6
17 reviews
Terry Hierlihy
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September 24, 2019
Great book! Not many people fully understand the real cost of home ownership. Will be recommending this book to many young people starting out in life.
2 people found this review helpful
Ragu Thanabalasingam
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October 14, 2018
I learned a lot about housing in Canada from this book. Good to read before buying real estate.
2 people found this review helpful
Mike Russell
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November 19, 2016
Very interesting book . I'm gonna read it again .
2 people found this review helpful
About the author
Alex Avery is a top-ranked institutional equity research analyst, who advises institutional investors on real estate investments. He lives in Toronto.
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