Month: October 2024

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Moving expenses aren’t tax-deductible on your federal tax return unless you’re in the military and are moving due to a permanent change of station

. However, some people (even non-military) might be able to deduct moving expenses on their state income taxes, depending on where they live.

What qualifies as a moving expense?

  • Moving company bills.

  • Trailer rental fees.

  • Packing and unpacking services.

  • Crating fees.

  • Moving insurance.

  • Storing and insuring your stuff for 30 consecutive days between when you move out of your old place and move into your new place.

  • Travel expenses (hotel, but not meals) from your old home to your new home (including car expenses and airfare). 

  • Your out-of-pocket expenses for gas and oil, if you keep an accurate record of each expense. The standard IRS mileage reimbursement rate to drive from the old place to the new place.

  • Parking fees and tolls.

These things typically don’t count as moving expenses:

  • Expenses for employees, such as a maid, nanny or nurse.

  • The price of your new home.

  • Fees for new license plates or car registrations.

  • Fees for a new driver’s license.

  • Closing costs, mortgage fees and points associated with buying or selling a house.

  • Fees to sign or break a lease.

  • Home improvements you make to help sell your home.

  • Losses associated with disposing of club memberships.

  • Mortgage penalties.

  • Repairs, maintenance, insurance or depreciation for your car.

  • Real estate taxes.

  • Changing carpet or window treatments.

  • Return trips to your former home.

  • Security deposits.

  • Storage charges except those incurred in transit and for foreign moves

    .

Who qualifies for the IRS moving expense deduction?

Only people in the military who are moving due to permanent change of station can deduct moving expenses on their federal tax returns. However, a few states allow everyone to deduct moving expenses on their state tax returns. Some states only allow active duty military members to take the deduction on their state tax returns. A few don’t let anyone take a state-level deduction for moving expenses.

A permanent change of station includes:

  • A move from the soldier’s home to the soldier’s first post of active duty.

  • A move from one permanent post of duty to another permanent post of duty.

  • A move from the soldier’s last post of duty to the soldier’s home or to a nearer point in the United States. That move has to happen within a year of leaving the military or within the period allowed under the Joint Travel Regulations.

How to deduct moving expenses

If you qualify for the moving expense deduction, you can file IRS Form 3903, which you then use to reduce your taxable income on IRS Form 1040 at tax time. There are special rules for storage fees if you were out of the country during the tax year

.

Source: nerdwallet.com

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Categories

Real Estate

October 3, 2024
by Mark Ferguson

The Federal Reserve recently cut interest rates more than expected. This is the first rate cut in four years, and it could significantly impact the housing market, inflation, and the broader economy. Let’s dive into what this means for real estate, inflation, and more.

Table of Contents

Video: Will the Fed Interest Rate Cut Increase Housing Prices?

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High Interest Rates and Inflation: A Misconception?

For years, I’ve advocated for cutting interest rates and argued against raising them. While many believe high interest rates help control inflation, I think they might do the opposite—and definitely don’t help with housing affordability. Studies suggest that high rates raise mortgage payments, making housing more expensive, not less.

A common belief is that high rates will force housing prices down, but I argue that high rates might actually make the situation worse by reducing supply. Fewer homes are built when borrowing costs are high, and existing homeowners are reluctant to sell, waiting for lower rates. This supply shortage pushes prices up, not down.

What is the Best Investment in a High Inflation Environment?

What the Fed Rate Cut Means for Mortgage Rates

The Fed’s interest rate decisions don’t directly affect mortgage rates, but they are closely related. The Fed sets the federal funds rate, which is what banks pay to borrow from each other. Mortgage rates, on the other hand, are determined by the bond market and overall economic conditions.

Typically, when the Fed cuts rates, mortgage rates also drop. But the relationship isn’t always linear. As we’ve seen recently, mortgage rates have been all over the place. Earlier this year, they were above 7%, but now they’ve dropped to around 5.7% for a 30-year mortgage, according to NerdWallet. That’s a significant drop, which makes homes more affordable by lowering borrowing costs.

Rental Property Cash Flow Calculator

Could Lower Rates Boost Housing Demand?

Lower rates could trigger a surge in homebuying. Many renters and homeowners have been sitting on the sidelines, waiting for rates to drop. When they do, these buyers may jump back into the market, driving prices up. We could see a short-term price increase due to a spike in demand.

However, lower rates also make it easier to build new homes. Increased construction would boost supply, potentially stabilizing prices over time. Currently, there’s a significant housing shortage, and more building is necessary to meet demand. So while prices may rise in the short term, more construction will help create a more balanced housing market in the long run.

Future Value Inflation Calculator

The Argument for Lower Rates Stabilizing the Market

Some people argue that lowering rates will bring more homes onto the market, as current homeowners who have been holding off on selling will finally list their properties. This could increase supply, but those same sellers are also buyers. So, while more homes might come on the market, there will still be buyers ready to snatch them up, including renters who have been waiting for a better deal.

In fact, with more buyers than sellers, we could see even higher demand than supply, leading to an imbalance favoring buyers. Lower rates, combined with strong demand from immigrants and other demographics, could lead to a more pronounced housing boom.

What is the Best Way to Invest in Real Estate?

Job Growth, Immigration, and Housing Demand

Another factor driving housing demand is immigration. Recently, there’s been significant job growth, but most of it has been among foreign-born workers. Data from the Census and the Social Security Administration shows a substantial increase in employment for foreign-born individuals, while employment for native-born workers has decreased. With more immigrants entering the workforce, housing demand is likely to rise, adding pressure to the housing market.

Many predict that population declines will lead to a housing crash, especially as baby boomers age. However, immigration is offsetting those declines. The U.S. population is still growing, which means more demand for housing, both for homeownership and rentals. Coupled with lower interest rates, this could result in continued upward pressure on home prices.

Why High Rates Don’t Necessarily Lower Prices

There’s a misconception that raising interest rates automatically leads to lower prices, whether for housing or goods. While higher rates can reduce demand, they also reduce supply, which can keep prices elevated. Fewer homes are built, fewer people sell their homes, and businesses cut back on production. In the housing market, this stagnation leads to a supply-demand mismatch, propping up prices rather than reducing them.

Studies from the 1970s and 1980s, when interest rates were at their highest, show that housing prices still rose dramatically. In fact, during the 1970s, prices tripled, and in the 1980s, they doubled. High rates simply don’t curb housing prices as much as people think.

Do Higher Rates Actually Cause Inflation?

Another controversial idea is that high rates can lead to inflation. Many people think raising rates controls inflation by reducing demand, but it doesn’t consider the supply side. When borrowing costs are high, businesses slow down production, which reduces supply. This supply contraction can lead to higher prices for goods and services, as companies are forced to raise prices to cover their costs.

For example, I own a small business. If my costs increase due to higher interest rates, I can’t just lower my prices to compensate for reduced demand. I still need to cover my fixed costs, so I might raise prices instead. This is how high interest rates can cause prices to rise, counterintuitively contributing to inflation rather than reducing it.

Conclusion: Why Lower Rates Are Good for the Economy

In summary, I believe lower interest rates are better for the economy and the housing market. Lower rates encourage building, make borrowing cheaper, and can help stabilize housing prices in the long run. While some fear that lowering rates will cause prices to surge, the alternative—keeping rates high—only prolongs the problem by restricting supply.

Additionally, the data shows that high rates don’t automatically lead to lower prices and, in some cases, can even cause inflation. As we move forward, it will be interesting to see how the Fed’s rate cuts impact the economy and the housing market in the months to come.

What do you think? Let me know in the comments below!

Source: investfourmore.com

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When people think of Austin, they often picture its lively downtown scene, packed with live music venues, trendy restaurants, and tech startups. However, the true essence of living in Austin extends beyond the city center. The suburbs of Austin offer a more relaxed, suburban lifestyle while still allowing easy access to the city’s dynamic amenities. These Austin suburbs stretch across the metro area, each with its own unique character and charm.

In this ApartmentGuide article, we’ll explore some of the most notable Austin suburbs—from the scenic Hill Country retreats to the fast-growing suburban communities—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Austin or are curious about the different Austin neighborhoods, let’s discover the best parts of Austin to call home.

Cost of living in Austin

Before we dive into the top Austin suburbs, let’s cover how much it costs to live in Austin. The overall cost of living in Austin is about 2% lower than the national average. Housing plays a significant role, with the median sale price for a home in Austin at $548,250, which is higher than the national average of $432,657. Rent in Austin, however, tends to be more affordable, with the average rent for a one-bedroom apartment in Austin at $1,437, slightly lower than the national average of $1,514.

While some suburbs around Austin offer more affordable options, others are comparable or even more expensive, depending on their amenities and proximity to the city. Here, we’ll explore a range of top suburbs, each providing different lifestyle and housing opportunities based on your budget and preferences.

If you’re looking for more specific rental insights, check out our guides on the 8 Most Affordable Neighborhoods in Austin, TX for Renters in 2024 and the 15 Most Expensive Neighborhoods in Austin to Rent in 2024.

1. Round Rock

Known for: Strong job market, suburban charm, and proximity to Austin

Round Rock is one of Austin’s most popular and well-established suburbs, located about 20 miles north of downtown. Over the years, it has grown into a booming hub for tech professionals, largely thanks to the presence of Dell Technologies and other major employers. Round Rock is highly regarded for its suburban charm, offering a peaceful and friendly atmosphere without sacrificing proximity to Austin’s bustling job market and cultural offerings. The suburb’s downtown district offers a lively blend of local restaurants, shops, and entertainment venues, while numerous parks and recreational areas provide a wealth of outdoor activities for residents. With its balance of small-town charm and big-city access, Round Rock attracts a variety of residents.

Population: 125,000
Average rent for a one-bedroom apartment: $1,437
Median home sale price: $399,990
Round Rock transportation scores: Walk Score 26, Bike Score 35

Apartments for rent in Round Rock, TX | Houses for rent in Round Rock, TX | Homes for sale in Round Rock, TX

2. Cedar Park

Known for: Outdoor recreation, growing economy, and top-rated schools

Located just 20 miles northwest of downtown Austin, Cedar Park has seen rapid growth in recent years, transforming into one of the area’s fastest-growing suburbs. The town is surrounded by the scenic Texas Hill Country, making it a paradise for nature enthusiasts. Residents can take advantage of a wide range of outdoor activities, including hiking and biking along nearby trails, boating on Lake Travis, or exploring local parks. Cedar Park is also home to the H-E-B Center, an arena that hosts concerts, sporting events, and shows, contributing to the area’s growing appeal. In addition, Cedar Park is known for its top-rated schools, drawing in many those seeking quality education. With a strong economy, great schools, and plentiful outdoor activities, Cedar Park provides a perfect balance of suburban life and easy access to Austin.

Population: 80,000
Average rent for a one-bedroom apartment: $1,372
Median home sale price: $503,500
Cedar Park transportation scores: Walk Score 26, Bike Score 40

Apartments for rent in Cedar Park, TX | Houses for rent in Cedar Park, TX | Homes for sale in Cedar Park, TX

3. Pflugerville

Known for: Suburban growth, affordability, and proximity to Austin

Pflugerville, located just northeast of Austin, has grown into a thriving suburban community that offers a quieter, more relaxed alternative to city living. Despite its rapid development, Pflugerville retains a strong sense of community with plenty of parks, lakes, and open spaces to enjoy. Lake Pflugerville, a man-made reservoir, is a local favorite for outdoor activities such as fishing, paddleboarding, and picnicking, while miles of hike and bike trails wind through the town. Pflugerville also boasts numerous new housing developments, making it one of the more affordable options in the Austin metro area. Its affordability, combined with its close proximity to downtown Austin, makes Pflugerville an attractive destination for individuals who want to enjoy suburban life without giving up access to city amenities.

Population: 65,000
Average rent for a one-bedroom apartment: $1,379
Median home sale price: $401,500
Pflugerville transportation scores: Walk Score 23, Bike Score 39

Apartments for rent in Pflugerville, TX | Houses for rent in Pflugerville, TX | Homes for sale in Pflugerville, TX

4. Dripping Springs

Known for: Hill Country views, wineries, and rural charm

Dripping Springs is often referred to as the “Gateway to the Hill Country” and is one of Austin’s most scenic and charming suburbs. Located about 25 miles west of the city, Dripping Springs is known for its rolling hills, stunning vistas, and rustic charm. The area is popular with those looking for a quieter, rural lifestyle, but it also offers a unique blend of wineries, breweries, and event venues that draw visitors and residents alike. Dripping Springs is particularly known for its larger homes situated on expansive properties, often with breathtaking Hill Country views. With its natural beauty, small-town feel, and proximity to Austin, Dripping Springs is perfect for those who want a peaceful retreat without being too far from the city.

Population: 5,000
Average rent for a one-bedroom apartment: $1,746
Median home sale price: $620,000
Dripping Springs transportation scores: Walk Score 56, Bike Score 39

Apartments for rent in Dripping Springs, TX | Houses for rent in Dripping Springs, TX | Homes for sale in Dripping Springs, TX

5. Leander

Known for: Affordability, growing infrastructure, and easy commute

Leander is another rapidly expanding suburb of Austin, located about 30 miles to the northwest. Leander has become increasingly popular due to its affordability, with a variety of new residential developments offering housing options ranging from townhomes to large single-family properties. In recent years, the town has seen significant infrastructure development, including new schools, parks, and retail centers. Leander is also well-connected to downtown Austin via the Capital MetroRail, offering residents an easy and stress-free commute. With a mix of affordable homes, growing amenities, and easy access to Austin, Leander is becoming an increasingly popular choice for those seeking a balanced lifestyle.

Population: 80,000
Average rent for a one-bedroom apartment: $1,461
Median home sale price: $455,000
Leander transportation scores: Walk Score 28, Bike Score 41

Apartments for rent in Leander, TX | Houses for rent in Leander, TX | Homes for sale in Leander, TX

6. Lakeway

Known for: Lake Travis, outdoor recreation, and luxury homes

Located on the shores of Lake Travis, Lakeway is a picturesque suburb west of Austin known for its outdoor lifestyle and upscale living. The area boasts several marinas, parks, golf courses, and access to the lake, making it a haven for boating, water sports, and fishing enthusiasts. Lakeway’s housing market is dominated by luxury homes, many of which offer stunning views of Lake Travis and the surrounding Hill Country. The community is known for its peaceful atmosphere, upscale amenities, and proximity to some of the best outdoor recreation spots in the Austin area. With its resort-like lifestyle and natural beauty, Lakeway is one of Austin’s most desirable suburbs.

Population: 17,000
Median home sale price: $818,000
Lakeway transportation scores: Walk Score 11, Bike Score 6

Apartments for rent in Lakeway, TX | Houses for rent in Lakeway, TX | Homes for sale in Lakeway, TX

7. Buda

Known for: Small-town charm, affordable living, and proximity to Austin

Buda is a growing suburb located just 15 miles south of downtown Austin, offering a slower pace of life and a tight-knit community. Known for its small-town charm, Buda features historic buildings, local shops, and a variety of parks, making it a great place for those who enjoy a quieter, more relaxed lifestyle. Buda’s affordability is another major draw, with a wide range of housing options at lower prices than what’s typically found closer to Austin. The town is also home to several annual festivals and events, such as the Buda Wiener Dog Races, which contribute to its welcoming and fun atmosphere. With new housing developments and a growing population, Buda has become a popular choice for those seeking affordable living while staying within commuting distance to Austin.

Population: 17,000
Average rent for a one-bedroom apartment: $1,540
Median home sale price: $425,000
Buda transportation scores: Walk Score 59, Bike Score 43

Apartments for rent in Buda, TX | Houses for rent in Buda, TX | Homes for sale in Buda, TX

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Austin area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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The Offer

Direct link to offer

  • Chase is offering a bonus of five free night certificates, good on category 1-4 properties when you spend $4,000 on purchases in the first three months of account opening on the Chase World of Hyatt card.


Card Basics

  • This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months 
  • Annual fee of $95
  • Card earns at the following rates:
    • 4x points per $1 spent on Hyatt hotels (they advertise this as 9x, but it’s 4x plus the 5x you normally get anyway)
    • 2x points per $1 spent on local transit and commuting (including taxis, mass transit, tolls and ride-share serivces)
    • 2x points per $1 spent on restaurants, cafes and coffee shops
    • 2x points per $1 spent on airline tickets purchased directly from the airlines
    • 2x points per $1 spent on fitness clubs and gym memberships
    • 1x points per $1 spent on all other purchases
  • Receive up to two free nights annually:
    • One free night at any category 1-4 Hyatt property every year after your card member anniversary
    • An additional free night at any category 1-4 Hyatt property if you spend $15,000 during your card member anniversary year
  • Status:
    • World of Hyatt Discoverist status for as long as the card is open
    • 5 qualifying night credits towards your next tier status every year
    • An additional 2 qualifying night credits towards your next tier every time you spend $5,000 on the card (no limit)

Our Verdict

Previous best offer was 65,000 points. If you redeemed all five nights on a category four property that would come out to 90,000 points so this bonus is significantly better but you obviously lose the ability to stay at properties category 5 or above. This offer also requires a lot less spend. I think this offer is worth doing if you have a 5/24 spot and will be added to the best credit card bonuses.

Hat tip to shris420


Source: doctorofcredit.com

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Editor’s Note: Options are not suitable for all investors. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire amount invested in a short period of time. Please see the Characteristics and Risks of Standardized Options.

While most investors are familiar with buying and selling shares of stock directly, investing in options is another way to put money behind stock price movements.

Options are a type of derivative contract that allows the investor to buy (or sell) a stock, or some other asset, at a certain price within a specific time period. The two basic types of options are known as “puts” and “calls.”

Options trading is a popular strategy for day traders, because it offers the potential to make profits within a shorter time frame, as opposed to owning shares of stock outright, and waiting for the price to move in the desired direction. Options trading can potentially generate returns, but it can also amplify losses, making it a risky strategy.

Key Points

•   Buying a call option gives an investor the right, but not the obligation, to buy shares of an underlying asset at a specific price and by a specific date, to potentially profit from a price increase.

•   Buying a put option gives an investor the right, but not the obligation, to sell shares of an underlying asset at a specific price and by a specific date, to potentially profit from a price decrease.

•   The buyer of a call or put option must pay the seller a premium for the options contract, assessed per share.

•   The price at which an option can be exercised, as specified in the option contract, is called the strike price.

•   Options trading involves risks, including potentially substantial losses.

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Overview: What Are Options?

In options trading, an option contract is a derivative instrument that’s based on an underlying asset: e.g., stocks, bonds, commodities, or other securities. Thus, the buyer of an options contract doesn’t purchase the asset directly, but a contract with an option to buy or sell that security. For example, with stocks, also called equity options, one contract represents 100 shares.

Options come in two flavors, as noted above: calls and puts. For the sake of simplicity, this article will refer primarily to stock or equity options.

Options Buyers vs. Options Sellers

An options buyer, also called the holder, has the right, but not the obligation, to buy or sell the underlying asset at the agreed-upon price (the strike price) by a specific date (the expiration). Buyers pay a premium for each option contract, which is assessed per share. If there is a $1 premium per share, at 100 shares, the total cost of the option is $100.

The potential upside for an options buyer could be unlimited, depending on their strategy. And since an options buyer is not obligated to exercise their option — meaning to actually buy or sell the underlying stock at the price agreed to in the option contract — the most they stand to lose is the premium paid for the option.

An options seller, also called the options writer, is on the other side of the trade. In this case, if the options holder exercises the contract, the option seller has an obligation to buy or sell the underlying asset at the strike price.

The potential upside for an options seller is the option’s premium. Their potential downside depends on whether they’re selling a put option or a call option. More on this below.

Trading options requires familiarity with options terminology, since these strategies can be complex and come with the potential risk of steep losses, depending on the strategy.
💡 Quick Tip: How do you decide if a certain trading platform or app is right for you? Ideally, the investment platform you choose offers the features that you need for your investment goals or strategy, e.g., an easy-to-use interface, data analysis, educational tools.

What Is a Call Option?

When purchased, a call option gives the options buyer the right, but not the obligation, to buy 100 shares of the underlying asset at the strike price, by the expiration of the contract.

Buying a call option can be appealing because it gives a buyer a way of profiting from a stock’s increase in price without having to pay what could be the current market price for 100 shares.

If the price of the underlying asset rises above the strike price, then the buyer may choose to exercise their option, paying less than what it’s worth on the market and potentially selling shares for a profit.

For a call option buyer, the profit is determined by the premium they pay and if, and by how much, the price of the security rises above the option’s strike price before it expires. The maximum potential upside is unlimited since, theoretically, the price of the underlying asset could continue to rise. The maximum potential downside is limited to the premium paid for the option.

Conversely, the seller, or writer, of the call option has the obligation to sell the underlying shares to the buyer, if the buyer exercises the option. The seller’s maximum potential gain is limited to the option’s premium. Their potential downside is unlimited, since they must sell shares at the option’s lower strike price, no matter how high the market price has risen.

Example of Buying a Call Option

If an investor buys an option with a strike price of $50 for a stock that’s currently worth $40, the option will be “out-of-the-money” until the stock rises to $50. If the premium is $1/share — meaning they only pay $1 up front — then the investor will only be risking $100, not $4,000.

If the stock is trading at $55 on or before the expiration date, it would make sense to “exercise” the option and buy the stock for $50, thus giving the investor shares with built-in profit thanks to the difference between the strike price of $50 and the value of $55. In this case the profit would be $4/ per share (or $400), minus the premium paid: a strike price of $50 gives the investor the right to buy 100 shares of a stock worth $55, with a premium of $1 per share.

On the other hand, if the stock has not risen enough in price, the investor can just let the option expire, having only lost the price of the premium, rather than being saddled with shares they can’t profit from.

Recommended: A Beginner’s Guide to Options Trading

What Is a Put Option?

A put option gives the investor buying the contract the right, but not the obligation, to sell the underlying security at the agreed-upon strike price, by the expiration date of the option.

If buying call options are a way to profit when the price of a stock or other underlying asset moves in the right direction, buying put options can be a way to profit from the fall of a stock’s price, without having to short the stock (i.e. borrow the shares and then buy them back at a lower price).

Purchasing a put option contract gives its buyer the right, but not the obligation, to sell shares at a certain price, at or by a specified time in the future. The key difference between buying a put vs. a call option is that the put option becomes increasingly valuable as the price of the underlying asset decreases. A put option buyer is hoping they can sell the underlying asset at a strike price that’s higher than the market price.

For the put option buyer, the maximum potential upside is the difference between the option’s higher strike price and the price at which the option is exercised (minus the premium), while the maximum potential downside is limited to the premium paid.

Again, the put option seller is on the other side of the trade, and is obligated to buy the shares from the put buyer, if the buyer decides to exercise the put option. The put option seller’s maximum upside is the option’s premium. Their potential downside extends to the difference between the option’s higher strike price and the lower market price at the time the option is exercised.

Example of Buying a Put Option

As an example, let’s say a stock is worth $50 today. If an investor thought the stock’s value could go down, they might buy a put option with a strike price of $40. Let’s say the premium for the option is $1, and they buy a contract that gives them the right to sell 100 shares at $40. The premium, then, is $100.

At the time the investor buys the put option, it’s out-of-the-money. If the price remains above $40 until it expires, the investor will not be able to exercise the option and they will lose the premium.

But if the stock has dropped from, say, $50 to $35, the option is in-the-money and if they were to exercise the option, they’d profit from being able to sell shares for $40 that are worth $35, pocketing $5 per share or $500, minus the $100 premium, leaving them with $400, minus any brokerage fees.

Risks of Options Trading

Option trading can be a useful way to manage risks in a volatile market and potentially profit from movements in stocks one doesn’t own. Again, an investor buying options only stands to lose the premium they pay for an options contract, though the cost of premiums can accrue if purchasing multiple options contracts over time.

However, an investor selling call options or put options, who is obligated to either buy or sell an option’s underlying assets per the terms of the options contract, could potentially see substantial losses. This is especially true if they don’t understand the potential downside to the trades they’re executing.

The Takeaway

Option trades may appeal to individual investors because they offer a way to potentially see a gain from movements in a stock price, without having to own the underlying shares. If an investor isn’t able to exercise the call or put option they purchased, they’ll lose the premium they paid for that contract. However, selling a call or put option can be high risk, potentially leading to significant losses.

Investors who are ready to try their hand at options trading despite the risks involved, might consider checking out SoFi’s options trading platform. The platform’s user-friendly design allows investors to buy put and call options through the mobile app or web platform, and get important metrics like breakeven percentage, maximum profit/loss, and more with the click of a button. Currently, investors can not sell options on SoFi Invest®.

Plus, SoFi offers educational resources — including a step-by-step in-app guide — to help you learn more about options trading. Trading options involves high-risk strategies, and should be undertaken by experienced investors.

Explore user-friendly options trading with SoFi.


SoFi Invest®

INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

SoFi Invest encompasses two distinct companies, with various products and services offered to investors as described below:
Individual customer accounts may be subject to the terms applicable to one or more of these platforms.

1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.

2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA (www.finra.org)/SIPC(www.sipc.org). Clearing and custody of all securities are provided by APEX Clearing Corporation.

For additional disclosures related to the SoFi Invest platforms described above please visit SoFi.com/legal.

Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform.

Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire amount invested in a short period of time. Before an investor begins trading options they should familiarize themselves with the Characteristics and Risks of Standardized Options . Tax considerations with options transactions are unique, investors should consult with their tax advisor to understand the impact to their taxes.
Disclaimer: The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SOIN-Q324-061

Source: sofi.com

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It’s been a long day at work or a totally fun night out, and you’re finally home to your Chicago apartment. You reach into your purse or pocket to find your keys, only to find out they’re not there. You desperately search for a few more seconds, but come up empty-handed. Time to face the facts — you’re locked out of your apartment. No need to panic, though. There are plenty of things you can do to get yourself out of this pickle.

What do I do if I get locked out of my apartment?

Locking yourself out of your house is one of the most discouraging feelings, especially when you can envision exactly where your keys are — inside the apartment. The best reaction is to already have a plan in place, but since not all of us think about it beforehand, here’s how you can handle the situation when you’re in the moment.

1. Get in touch with management or maintenance

If you’re locked out of your apartment during your management or leasing office’s business hours — and there’s an office on the premises — walk over and ask for help. Property managers or your landlord will always have a spare key on hand for things like maintenance emergencies, so it’s a pretty safe bet they can let you into your place within a few minutes. If they don’t have a key, they’ll likely have the number of a local locksmith they can call for an emergency visit. If it’s after business hours and your complex has an emergency maintenance number, try that.

Going this route is sure to produce quick results since you know they already have a copy of your key, but it may come with a fee. Asking the leasing office or maintenance staff to help you when you’re stuck outside of your apartment can cost you anywhere from $25 to several hundred dollars depending on the terms of your lease.

2. Reach out to your roommate

One of the perks of having a roommate is getting help in situations like these. Even if you have to wait for them to get home, at least you won’t have to take more dramatic measures to gain entry. Contact them to let them know what happened and see when you can expect them home.

If you have to wait a while, ask if you can come to them and grab their key. Make sure to promise to return the favor if ever needed. If you have to wait, try to relocate to a coffee shop or restaurant where you can hang out safely for a few hours until help arrives.

3. Look for another way in

You may have locked the front door, but what about the windows? Or, if the apartments in your building have back doors, do you have one you can use? If you want to avoid tracking down a spare key, you can always try to find another way to get into your apartment. This won’t work if you live in a high-rise or otherwise difficult-to-access unit, but some have the right design to give you a chance. For example, if you live on the first floor and have a balcony, you might be able to get in through that door if it’s unlocked.

4. Call a locksmith to unlock the door

When all else fails, you may want to call a locksmith. Make this your last resort because you’re going to have to pay for professional locksmith service. You might also be charged a fee if the lock gets damaged or needs replacing after you’re inside.

In theory, locksmiths can unlock apartments without doing any damage, but there’s no guarantee it will happen seamlessly. They may even have to install a new lock to let you in, resulting in an inconvenience for your property manager or landlord. They’ll most likely charge you for that.

How to avoid getting locked out of your apartment

Locking yourself out of your apartment the first time is one time too many. It can be incredibly inconvenient and a little embarrassing. The best solution is to prevent the problem from happening in the first place.

1. Upgrade to a smart lock for your front door

One way to prevent yourself from getting locked out is to upgrade your lock or doorknob that allows for keyless entry. There are a variety of smart locks that guarantee entry into your home with just an app — you pretty much can unlock the door by just getting near it.

By downloading the appropriate app and logging in, you can remotely control your lock. Smart locks let you control the doors from wherever you are, which is especially handy if you have young children that may try to escape. This even allows you to let in the pet sitter or overnight guest without you being at home. Most have monitors, too, so you can see who’s at your door and a logging system that lets you track each time someone locks or unlocks the door. It’s added security coupled with convenience. It’s also a significant upgrade.

Adding smart locks isn’t something you can do without the landlord or property manager’s permission. Make sure to check with them before purchasing the technology. They may even like your idea so much that they’ll pay for the installation and offer the upgrade to the rest of the tenants in your complex.

2. Give a spare key to a friend

If you don’t have a roommate, never underestimate the power of giving a spare key to someone else. This can save you on more than one occasion. It will not only be there waiting if you lock yourself out, but if you ever need someone to come into your apartment when you’re not there, you’re set. The trick is finding the right person to hold on to your spare, so when you give them a call, they’ll be available to hand it over.

3. Do a double-check for your apartment key

Another way to prevent getting locked out of your apartment is to work a key check into your routine before you even leave. Everyone has a routine before walking out the door. You may check that your stove is off, set the thermostat and turn off all the lights. This routine can include a check that you’ve got your wallet, cell phone and house keys.

If routines aren’t your thing, try giving yourself a permanent reminder. A sign on or near your door in a bright, bold color telling you to grab them is sure to catch your eye on your way out. Having a designated spot for your keys can also help.

4. Carry spare keys

This is only a helpful strategy if you can put a spare key in something you always carry. If you change out your wallet or purse often or forgo them altogether, it’s harder to keep a spare with you. The best trick is to make a spare and store it between your cell phone and the case. It’s one way to ensure you always have a key with you, unless you lose your phone.

Locked out of your apartment? It’s not the end of the world

It might feel like the absolute worst at the moment, but getting locked out of your apartment is only a minor inconvenience. Thankfully, there are people out there who are able to help and ways to make sure you don’t make this same mistake again.

Source: rent.com

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Glendale, CA, may be just outside the bustling streets of Los Angeles, but this city is brimming with hidden gems and unique things to experience that cater to all tastes. Whether you’re thinking about buying a home in Glendale, CA, or renting a house or have your eyes on an apartment in the city, you’ll soon discover there’s plenty of unique things to do in Glendale, CA. 

From comedy nights and cultural explorations to delicious food and scenic adventures, here’s a guide to some of the city’s must-visit spots, blending fun, relaxation, and community vibes.

1. Laugh out loud at Flappers Comedy Club

If you’re in the mood for some laughs, head to Flappers Comedy Club. Located in nearby Downtown Burbank, this 1920’s-themed venue celebrates the repeal of Prohibition with top-notch comedic performances from the likes of Jay Leno, Bill Burr, Whitney Cummings, and Arsenio Hall. Enjoy a full speakeasy restaurant and bar menu while catching a show seven nights a week. It’s a place where humor meets history, providing the perfect setting for a fun night out with friends or loved ones. Discovering the unique things here makes for an unforgettable experience.

2. Savor New York-style pizza at Slice House

For pizza lovers, Slice House in Burbank is a must-visit. Known for its authentic New York-style pizza, this spot also offers unique things like Sicilian and Detroit-style pies, all crafted by renowned pizza maker Tony Gemignani. In addition to pizza, Slice House features tasty lunch specials that pair slices with salads and drinks. With plenty of TVs showing sports games and a daily happy hour serving craft beer and wine, it’s the perfect place to enjoy great food and community vibes, whether you’re dining in, picking up, or ordering for delivery.

Photo courtesy of Slice House Burbank

3. Sip on craft cocktails at The Famous Craft Bar

For a laid-back bar experience without the pretense, visit The Famous Craft Bar in Glendale. Offering an elevated yet relaxed atmosphere, this local watering hole serves up craft cocktails, a curated selection of wines, and a variety of craft beers. It’s the perfect place to unwind, no matter your drink preference, and experience some of the unique things this bar has to offer.

4. Enjoy classic dining at Foxy’s Restaurant

Bonnie of Bonnie’s Pilates, a long-time fan of Glendale, says, “I’ve been dining at Foxy’s Restaurant for 20 years. It’s an iconic Glendale diner that’s been serving from-scratch favorites since 1964. With its funky Swiss Chalet architecture, it’s a surprise that you can get some of the best Mexican food in LA County.” Whether you’re craving American or Mexican fare, Foxy’s is the perfect stop before or after a shopping trip at the Americana, located just across the street. 

5. Taste filipino flavors at Max’s Restaurant

For a taste of the Philippines, visit Max’s Restaurant in Glendale, just steps away from the Americana at Brand. Famous for its signature fried chicken recipe, this beloved restaurant has been serving up authentic Filipino flavors for nearly 80 years. Whether you’re new to Filipino cuisine or a long-time fan, Max’s is the perfect place to experience warm hospitality and comforting dishes made with love.

Photo courtesy of Max’s Restaurant

6. Visit Paperback Brewing for local brews

For a lively community vibe and great craft brews, head over to Paperback Brewing in Glendale. Set inside an old airplane hangar, this brewery offers not just a unique setting but also an unforgettable experience. One highlight is the Wish You Were Beer Show, where locals and visitors gather to socialize over fresh craft beer in a laid-back, welcoming atmosphere. The friendly staff and fun events make Paperback Brewing a go-to spot for meeting neighbors and enjoying unique things in craft beer.

7. Cruise around with Ebird Express

For a fun and unique way to explore Glendale, hop aboard the Ebird Express party bike. This lively excursion allows you and a group of friends to pedal through the city while enjoying drinks, music, and good company. The multi-rider bicycle, often referred to as a pedal pub, is a great option for parties, tours, or special events. And if pedaling sounds like too much work, don’t worry—the bike comes equipped with an assist motor to keep things rolling smoothly. It’s one of the many unique things to do in Glendale.

8. Experience fun and flavor at Brewyard Beer Company

Brewyard Beer Company, Glendale’s first full-distribution brewery, offers a mix of Japanese and Filipino-inspired beers and seltzers. Located off San Fernando Road under the Western Avenue Bridge, Brewyard is more than just a place to grab a drink. It hosts a range of events, including trivia nights, karaoke, movie screenings, and Nite Markets, making it a go-to spot for entertainment and unique things in craft beer.

Photo courtesy of Brewyard Beer Company

9. Relax with an in-home massage from Tranquil

If you’re looking for relaxation, consider an in-home massage from Tranquil in Glendale, offering extended hours for convenient scheduling. Whether you’re winding down after a hike in the Verdugo Mountains or just need some time to relax, a little self-care will leave you feeling refreshed.

10. Find romance at the Americana at Brand

Published author Marcello Kline describes Glendale as a “fantastic and romantic city outside of Los Angeles” that inspired his debut novel, The Art Gallery. The city plays a key role in the characters’ blossoming romance, with the Americana at Brand being a notable location. Though not a hidden gem, Kline shares that walking around the outdoor mall at night, with its light strands, cascading fountains, and background music, creates a romantic atmosphere. These unique features make it a perfect spot for a date.

11. Refuel at Panini Kabob Grill

Located in the Glendale Galleria Mall, Panini Kabob Grill is the perfect place to grab a delicious, freshly made meal after a long day of shopping. With a diverse menu that includes charbroiled kabobs, crispy paninis, refreshing salads, and creamy pasta dishes, this restaurant prides itself on using high-quality ingredients prepared from scratch. Whether you prefer to dine indoors or on their spacious patio, Panini Kabob Grill offers a welcoming environment to unwind and enjoy a hearty meal. 

Photo courtesy of Panini Kabob Grill

12. Immerse yourself in Glendale’s art and history

The art scene is one of the many things Glendale is known for, offering a variety of enriching experiences, from museums to live performances. For history buffs, the Martial Arts History Museum provides a fascinating look at martial arts traditions, while the Museum of Neon Art showcases eclectic and kinetic displays of historic signage. The city’s beloved Alex Theater, a historic landmark dating back to 1925, regularly hosts live performances, including concerts, plays, and film screenings, making it a cultural hub for the community.

For art lovers, the stunning Brand Library features rotating exhibitions of contemporary art, and the Forest Lawn Museum often presents thought-provoking traveling exhibitions, blending the past with modern creativity. These experiences highlight some of the unique things in Glendale’s cultural landscape.

13. Refresh and refuel at Da Juice Bar

For a healthy, refreshing treat, head to Da Juice Bar on Brand Blvd. Offering a variety of options such as empanadas, acai bowls, smoothies, and freshly made juices, this local favorite is perfect for breakfast, lunch, or an afternoon snack. Whether you’re craving something light or a full meal, this spot r has a little something for everyone.

Photo courtesy of Sense Spa 

14. Rejuvenate at Sense Spa

For a truly unique experience, visit Sense Spa, Glendale’s first scalp management center. Combining traditional relaxation techniques with cutting-edge technology, Sense Spa focuses on improving scalp health through treatments like Japanese carbonated springs and advanced scalp care products. In addition to their scalp treatments, they also offer sound aromatherapy body spa services, providing a peaceful and rejuvenating experience for every guest.

Unique Things to do in Glendale: Wrapping up

Glendale is a city that blends charm, culture, and community, offering a variety of unique things to see and do. From savoring diverse cuisines to exploring vibrant arts and entertainment scenes, there’s no shortage of hidden gems waiting to be discovered. Whether you’re a local or just passing through, Glendale’s distinct offerings promise memorable experiences for everyone.

Source: apartmentguide.com

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Economic topics took center stage in the vice presidential debate Tuesday night between Ohio Sen. JD Vance and Minnesota Gov. Tim Walz. The candidates defended their tickets while debating intensely on inflation, housing, child care and health care.

The debate, held in New York City and hosted by CBS, gave Walz and Vance the opportunity to more clearly define themselves to voters, as both were thrust quickly into the national stage this summer. In contrast to the presidential debate three weeks ago between former President Donald Trump and Vice President Kamala Harris, the vice presidential debate was strongly focused on policy.

Also unlike the first debate between Trump and Harris, the Walz-Vance debate remained civil and sometimes agreeable. The pair even found common ground in the fact that both have made public misstatements in the past — Vance in his prior condemnation of Trump and Walz incorrectly stating that he had been in Hong Kong during the 1989 Tiananmen Square massacre.

But it was still a debate between candidates with stark conflicting views on most issues, especially abortion and immigration. They used their time to attack the others’ rivals at the top of the ticket. The biggest moment of tension between the two men came when Walz confronted Vance about whether he believed that Trump lost the 2020 election — Vance bypassed the question and instead pivoted to a claim about pandemic-related censorship on Facebook.

As Walz and Vance supported their respective running mates, here’s what they had to say on some key economic issues:

The economy

  • Vance said Harris has already had the time to enact her policy plans, some of which he said “even sounds pretty good”: “If Kamala Harris has such great plans for how to address middle-class problems, then she ought to do them now.” 

  • Walz attacked Trump for his contributions to the state of the economy the Biden-Harris administration inherited. He said: “We were already, before Covid, in a manufacturing recession — about 10 million people out of work, largest percentage since the Great Depression.” 

  • Walz also gave his appeal to voters when it comes to Trump’s tax policies: “How is it fair that you’re paying your taxes every year and Donald Trump hasn’t paid any federal tax in the last 15 years?” 

Housing affordability

  • Harris wants to increase housing production and encourage first-time home buying through downpayment support. Walz supported Harris’ plans and attacked Trump’s plan to seize federal lands 

  • Trump wants to make housing more affordable by seizing federal lands, providing tax incentives and deporting immigrants. Trump has stated many times that migrants have driven up competition and increased housing prices — this claim is false, but Vance said he would share evidence after the debate via social media. Vance said that one of the strategies for lowering housing costs (in addition to Trump’s plan to deport migrants) would be lowering energy prices.  

  • The VP candidates did agree on one thing, sort of. Walz said “The problem we’ve had is that we’ve got a lot of folks that see housing as another commodity.” Vance also said “We should get out of this idea of housing as a commodity,” before returning to more rhetoric related to immigration. 

Health care

  • Vance promised to cover preexisting conditions if Trump is elected. 

  • Walz spoke about Trump’s opposition to the Affordable Care Act and his attempts to repeal it during his time in office. 

  • On abortion, Vance rebuffed the conjecture that he supported a national ban on abortion, although he did support a bill that would have done just that in 2022. He added that he wants the Republican Party to be pro-family: “I want us to support fertility treatments. I want us to make it easier for moms to afford to have babies.” 

  • Meanwhile, Walz fiercely denied Trump’s accusation that he supports abortion in the ninth month of pregnancy. 

Child care

  • Vance claimed that Trump’s plan to levy a 10% tariff on all foreign imports (with up to 60% for Chinese imports and 100% for vehicle imports from Mexico) would bring in money that would help bring down child care costs. Walz disagreed and said the tariffs would raise prices, which has been backed up by economists from all over the spectrum, including the nonpartisan Tax Foundation. 

  • Walz said Harris would make a paid family leave a priority. “A federal program of paid family medical leave and help with this will enhance our workforce, enhance our families and make it easier to have the children that you want.” Vance said there is a bipartisan solution to child care. 

There are no additional debates scheduled for either the presidential or vice presidential candidates.

By midnight on the East Coast, the Polymarket, a prediction market platform, projected a 65% chance that upcoming polls will show Vance won the debate.

Photo by Chip Somodevilla/Getty Images

Source: nerdwallet.com