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Rent a downtown condo, don’t buy one. You still get to live the urban lifestyle and reduce commuting times. You’ll also have a decent selection of rentals.Fred Lum/The Globe and Mail

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Young people should own stocks, not a house
Investment industry veteran Joe Canavan offers this advice to millennials: Rent and invest now, then buy a house later in life.

How much? Quanto?
The ultimate tipping guide for global travel.

How to win a bidding war
Tips from the Vancouver market, where houses can sell for hundreds of thousands over asking. Some might say these tips are a sign of a market you should stay away from.

How I became a DIY investor
The My Own Adviser blog goes back to the very beginning of his career as a do-it-yourself investor.

More money
Join the people who are part of my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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