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

Overall this was an easy and informative read. If you’re a renter, you will be heartened to learn that you’re not throwing your money away on rent! If you own or plan to own, this book is still useful because it will make you ponder the true cost of ownership. The only slightly boring part was the bit about the big six Canadian real estate markets. It was mildly amusing to learn about that, but it is largely irrelevant to American readers.

This was a very detailed and thoughtful analysis of renting as an alternative to buying. It really makes you critically look at long held beliefs of home ownership and wealth creation. Although the book focuses on the Canadian housing market I found that it is very applicable to American housing.

Excellent read on how one should exercise caution especially in these turbulent times with astronomical ceilings being currently seen in some major cities in Canada.I've got my little nest egg thank you very much. I think I'll just rent from this day forward.

This was a gift and I don't believe it has been read yet. It is probably worth the read. I saw a T.V. interview with the author and was impressed enough to buy it.

Good book that shows a different perspective on renting. Highly recommended to anyone who feels that they "need" to buy a house.

Very informative, provides a framework to evaluate real state as an investment, and debunks many of the misconceptions related to it.

Smart and very readable. Challenge is to open up your mind and shelve all your preconceptions about the wisdom of owning

Good book to help you not blindly look at housing in one way. Makes lots of good points and gets you thinking.

Love this book!!. It's so we'll done.. practical...it was recommended to me by an advisor ...and how relying on a home mortgage to retire in some cases has become dated.... it clearly shows the pros and cons ... and how renting allows for alot more freedom depending on the lifestyle you want.

Amazing book and ideas I have been toying with for a while. In the UK the case for renting is even better, it seems, as contributions to pension funds e.g. fidelity, are tax deductible! You can contribute up to £40k a year, avoiding 45% tax and national insurance and your employer will make those deductions for you. You can adjust your portfolio any way you like in terms of stocks v. Bonds or Cash instruments and the service charges are only 0.25%. So you are adding 45% to anything you save. By renting you have more disposable income and can afford to max out this big tax break.Homeowners on the other hand have to pay tax on their gross income BEFORE they pay their monthly mortgage and then have little left to avail of tax breaks.Was a little confused when the book talks about renting multiples and what that means.Another factor too is that over 25Years you will pay back double what you borrow in a mortgage so your house has to double in value before you break even.Very good points made at the end about how older people will often fail to release the equity in their houses in any way, as it is counterintuitive for them to think of renting at that stage.Liked to concept of over consuming housing to the detriment of sound financial planning.Recommend.

I really enjoyed reading this book. I found it as I was experiencing house fever. Yet, I wasn't in the position to save for a down payment due to focusing on paying down student loans, and was more interested in investing as a way to build my future wealth. I was especially excited to read this book because it's based on Canadian data! It's true, everyone around me believes that home ownership is the way to go, and renting is throwing your money away. But with where I am in my life, along with my future goals and values, renting feels like a better fit. And this is the first book I've read on the topic which provides data to support that.

The Wealthy Renter is an interesting and provocative read. Alex Avery writes for "every man". He is providing an overview of the economics of renting versus owning and he makes his "pitch" alluring with his "cheeky" writing style that is effective in holding your interest. He challenges traditional ways of thinking about home owning and gives the reader a whole lot to think about in terms of the merits of renting. He posts current and important information through charts and graphs that are easily understood. I highly recommend this book. It's not too long and is just a good informative read. Probably long overdue.....

It's so refreshing to read a book on real estate and finance from a Canadian perspective, written by a Canadian analyst who knows what he's talking about. I've received all sorts of (unwelcome) advice and pressure to buy real estate and Mr. Avery is spot on about the mentality and thought process behind it. He provides an in depth analysis and number crunching which makes sense to me and which has felt right for me in my situation. The book does across as being pro renting but the author isn't against ownership either. It's about making the choice that's right for you because property isn't a small investment by any means. I'll definitely recommend this book to others in similar situations or if they're pondering getting into the market.