About half the size of a folded Sunday edition of The Wall Street Journal, that esteemed publication’s "Complete Home Owner’s Guidebook" nonetheless packs quite the punch. Counterintuitively, but wisely, the "Guidebook," from WSJ Sunday editor David Crook, starts out with a set of Seven Keys to Smart Home Owning, the first of which is that your home is not actually an investment, but an expensive installment purchase with the potential — not guarantee — for a big rebate.

For the average WSJ reader, this sort of unconventional wisdom — which is everywhere in this book — might provoke a true rethink of their approach to real estate, and I mean that in a very good way.

Book Review
Title: ‘The Wall Street Journal. Complete Home Owner’s Guidebook: Make the Most of Your Biggest Asset in Any Market
Author: David Crook
Publisher: Three Rivers Press, 2008; 272 pages; $14.95 list ($10.17 on Amazon.com)

About half the size of a folded Sunday edition of The Wall Street Journal, that esteemed publication’s "Complete Home Owner’s Guidebook" nonetheless packs quite the punch.

Counterintuitively, but wisely, the "Guidebook," from WSJ Sunday editor David Crook, starts out with a set of Seven Keys to Smart Home Owning, the first of which is that your home is not actually an investment, but an expensive installment purchase with the potential — not guarantee — for a big rebate.

For the average WSJ reader, this sort of unconventional wisdom — which is everywhere in this book — might provoke a true rethink of their approach to real estate, and I mean that in a very good way.

The "Guidebook" is replete with instances of just this sort of very clear, concise and well-supported pronouncement and corresponding action items for homeowners, always on timely or timelessly relevant topics for the homeowner, a demographic bizarrely neglected in today’s real estate nonfiction.

This is not the now-ubiquitous book on how to get rich in real estate, but the much rarer astute and usable guide to being a wise steward of the home you already own, from how to be a smart owner in a troubled market, to managing your mortgage, to maintaining your home and even making homebuying decisions that will serve your interests well during and after the time you own the home.

For homeowners, homebuyers and even real estate professionals seeking to advise their clients on smart ownership principles and practices, this book is a quick, simple and mindset-modifying must-read.

Tara-Nicholle Nelson is author of "The Savvy Woman’s Homebuying Handbook" and "Trillion Dollar Women: Use Your Power to Make Buying and Remodeling Decisions." Ask her a real estate question online or visit her Web site, www.rethinkrealestate.com.

***

What’s your opinion? Leave your comments below or send a letter to the editor. To contact the writer, click the byline at the top of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Will you attend ICLV virtually or in-person? The agenda is packed with stellar speakers and sessions.Learn More×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription