The Wealthy Renter: How to Choose Housing That Will Make You Rich

The Wealthy Renter: How to Choose Housing That Will Make You Rich

by Alex Avery

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Overview

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.

Product Details

ISBN-13: 9781459736481
Publisher: Dundurn Press
Publication date: 09/10/2016
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 200
File size: 2 MB

About the Author

Alex Avery is a top-ranked institutional equity research analyst, advising institutional investors on real estate investments. Alex joined CIBC Capital Markets, one of Canada’s largest investment brokerages, in 2005, and leads the real estate research team. He lives in Toronto.

Alex Avery is a top-ranked institutional equity research analyst, providing advice to institutional investors on investments in publicly traded real estate trusts and companies across North America. Alex joined CIBC Capital Markets, one of Canada’s largest investment brokerages, in 2005 and leads the real estate research team. He lives in Toronto.

Table of Contents

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

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