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Ampersand Fall 2016 Dewey Diva Picks Adult Books

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The Wealthy Renter
How to Choose Housing That Will Make You Rich
By (author): Alex Avery
9781459736467 Paperback, Trade English General Trade BUSINESS & ECONOMICS / Personal Finance / General Canada Sep 10, 2016
$19.99 CAD
Active 6 x 9 x 1 in 200 pages Index, 49 B&W illustrations Dundurn
Dewey Divas and the Dudes Fall 2016 Picks 2016, Commended
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.

  • Author is a top-ranked institutional equity research analyst and a real estate specialist.
  • Gives an alternate position to the “buying is everything” mentality promoted by real estate agents, mortgage brokers, and the government.
  • An unbiased look at buying versus renting, housing as an investment, and the downsides of owning your own home.
  • Explores the myths and realities of buying and renting in a clear way.

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.

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

Alex Avery shows many of our preconceptions costs us money. - National 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

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