The Wealthy Renter by Alex Avery

The Wealthy Renter

By Alex Avery

  • Release Date: 2016-09-10
  • Genre: Personal Finance
Score: 4
4
From 25 Ratings
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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.

Reviews

  • TL;DR = Mitigate risk.

    4
    By ehdem
    We're all deceived to think of real estate as a sound investment. But for the majority of Canadians, renting + forced saving (or investing in bonds, ETFs) is a safer, more reliable way of growing personal wealth. Not to mention that it's easier to manage and provides greater freedom than home ownership. Highly recommend this book for anyone in their late 20s/early 30s who's considering buying property for the first time.
  • Informative

    5
    By JoJo6754
    Very informative and would recommend it for anyone.

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