The Wall Street Journal. Complete Home Owner's Guidebook
Make the Most of Your Biggest Asset in Any Market
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October 13, 2008
Crook, editor of the Wall Street Journal Sunday
, offers a clear, no-holds barred look at the pros and cons of owning a home—rather than renting one from a bank via a mortgage—along with its ultimate costs. The author debunks popularly held views about the wisdom of viewing a home as a piggybank and how that can easily lead to financial disappointment. Owning a home is essentially an expense, he contends, providing repeated proof that few home buyers build accessible wealth through home ownership except in bullish real estate markets. His advice on making the purchase decision, especially in a weak housing market, along with how and when to use debt to do so, are invaluable. For those aspiring to own a home and those trying to manage the affordability of their biggest asset, this is a must read. It is applicable to home buyers and owners of all economic backgrounds, and in any phase of their financial life from the newly employed to the retired.
November 1, 2008
Crook (editor, "Wall Street Journal Sunday; The Wall Street Journal Complete Real-Estate Investing Guidebook") offers an up-to-the-minute guide for home owners and home buyers concerning "the decades, the lifetimes even, that we spend living in our biggest financial assets without understanding how to manage them." The real estate market has changed dramatically in the last few years, and Crook's aim is to question widely held beliefs about the investment benefits of home ownership and guide home buyers to think smarter about home buying in any market, especially our current one. Chapters are arranged to cover the home-buying cycle, from the first-time buyer through free and clear home ownership, and can be read individually for a look at each point in the cycle or all the way through for a complete picture of the financial issues facing home buyers. Recommended for public libraries.Elizabeth Nelson, UOP Lib., Des Plaines, IL
Copyright 2008 Library Journal, LLC Used with permission.
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