The Wealthy Renter - by Alex Avery (Paperback)

About the Book

The Wealthy Renter offers a clear, unbiased, straightforward approach to the biggest investment most people will ever make -- their housing. Written by a top-ranked financial research analyst, it aims to help readers make wise housing decisions that will improve their lives.

Book Synopsis

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.

Review Quotes

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"

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"

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"

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.