The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate

One might think that a book about making millions in the real estate market that was written in 2005 would be hopelessly irrelevant today. However, that is decidedly not true about The Millionaire Homeowner. David Bach turns out to have been remarkably prescient about the housing and lending crash of these past few years. In fact, in this book, he describes the causes and effects of the crash in detail, before they happen, and advises against each of them.

I'd highly recommend this book to anyone for several reasons. First, it is short and an easy read. Second, it is an excellent primer for basic real estate and finance terms and concepts. Lastly, I firmly believe in his path to wealth and that he has grasped a measured, sober way to show more build wealth and value that is pretty approachable. He has lots of gems like "It isn't timing the market, it is time *in* the market."

If you are renting, or if you own your own home, you should read this so that you can better understand your next step. This book is great even for those who think that buying their own home would be impossible. And shockingly, it is probably even good for those who have been bit by the downturn and need to know what went wrong, or what to do differently next time. show less

Ok, I totally read this book before the housing market PLUMMETED and I went to work for a real estate association, BUT there are some excellent, practical nuggets of wisdom in this book. I thikit should be required reading in grade school...high schoolers are too concerned with having a good time. Grade schoolers will absorb this info and it will stick.

Meh. What use to be a millionaire if by the time you become one, you're 60?