The Australian Financial Complaints Authority (AFCA) has released its FY22–23 complaints results, revealing an “unprecedented” increase in the number of complaints being lodged with the body.
According to the body, there were 96,987 complaints lodged by consumers to the Australian Financial Complaints Authority (AFCA) in the past 12 months – a rise of about 34 per cent.
AFCA’s results revealed that overall banking and finance complaints rose 27 per cent to 53,648.
There was a monthly record of 11,249 complaints received in March, equivalent to 363 complaints a day.
Releasing the figures yesterday (Thursday), AFCA’s chief ombudsman and chief executive David Locke said the increase in complaints reflected the growing financial stress in the community.
“We are deeply concerned by the volume of complaints consumers are having to escalate to AFCA. It’s not fair on consumers and not good for business. We need to see a significant improvement from firms,” Mr Locke said.
“We want to see banks and other finance providers continue to take active steps to identify and support customers who are experiencing financial difficulty.”
Which products receive the greatest increase in complaints?
The segments with the highest percentage increase in complaints were general insurance (with a 50 per cent increase from 18,563 to 27,924) and investments and advice, which rose 51 per cent from 3,207 to 4,840.
AFCA’s preliminary results found that home loan complaints rose by 10 per cent over the year, from 6,439 to 7,096.
However, despite the increase in protestations about home loan products, the complaint figure was lower than the average across the results. (The number of complaints against brokers for FY23 has not yet been released by AFCA.)
For example, complaints for personal transaction accounts increased by 86 per cent, rising from 7,416 to 13,781.
But personal accounts were the most complained-about product in FY23 and marked the first time credit cards have failed to top the list since AFCA’s inception nearly five years ago.
This was partly due to scam-related complaints, which rose 46 per cent last year to 6,048.
AFCA has said one of the reasons for the landmark number of complaints was due to a 46 per cent increase in scam-related grievances up to 6,048.
Mr Locke said the body had witnessed “firsthand the human cost of this serious and sophisticated financial crime”.
“It’s pleasing to see initiatives by individual banks to combat scams but we would welcome a more consistent approach across the sector,” Mr Locke said.
“AFCA believes there is a need for enforceable standards, to lift the bar on scam prevention and remediation.”
More complaints being resolved by agreement
Despite the overall increase in complaints, AFCA found they were being resolved more quickly, with an average time of 69 days for a resolution, down from 72 the previous year.
There was an increase of 71 per cent in complaints being resolved by agreement between the firm and consumer, up from 67 per cent previously.
However, the broking industry had previously raised its concerns about “how it goes about finding these complaints”.
The broking industry has also said AFCA’s propensity to settle was costing small and medium-sized firms with several brokers having told The Adviser that they were urged to pay amounts of around $1,000 to “make a complaint go away”, without an investigation into any wrongdoing being conducted.
Head of policy and legal at the Mortgage and Finance Association (MFAA), Naveen Ahluwalia, recently told AFCA: “Not only does this raise questions of fairness to member firms, as well as issues of precedent in offering a settlement simply to resolve the matter, but may also impact on professional indemnity policies, which are becoming hard for financial firms (particularly small businesses) to obtain and maintain due to the cost.”
[Related: AFCA: A common complaint (pt1)]
Josh Needs
AUTHOR
Josh Needs is a journalist on Momentum’s mortgages titles: The Adviser and Mortgage Business.
Hurricanes can cause extensive damage to homes and entire cities, causing power outages, water shortages, major flooding, and more. And as climate change progresses, disasters will get worse and more frequent, leading to more damage and costly repairs. This will likely be exacerbated as homeowners continue moving to disaster-prone areas at a record rate.
But what do you do after a hurricane, and how do you protect your home in the future?
If your home was recently hit by a hurricane, it’s important to start the recovery as soon as possible to avoid further damage and help get your life on track. So, whether you live in a house in Tampa, FL, or an apartment in Corpus Christi, TX, read on for 10 critical steps you need to know after a hurricane hits.
1. Ensure your safety
The immediate aftermath of a hurricane is often filled with chaos and uncertainty. If you were told to evacuate, only return once you’re given the all-clear. If you sheltered in place, wait for official guidance that the storm has passed.
Once it’s safe to do so, your primary concern should be to ensure your safety and that of others around you. Inspect your home and surrounding areas and check for hazards such as downed power lines, polluted water, or gas leaks; these are critical dangers that you should immediately report to authorities. If your home has sustained substantial damage, don’t attempt to re-enter and instead find temporary shelter until it’s been deemed safe by professionals.
2. Contact your insurance company
Once you’re in a safe location, reach out to your homeowners’ insurance provider to report any damage to your house. It’s important to note that standard homeowners’ insurance policies typically do not cover flood damage. Coverage for flood damage requires a separate flood insurance policy, often provided through the National Flood Insurance Program (NFIP).
Begin the claims process as quickly as you can; the sooner you file your claim, the sooner your recovery can begin. Just remember that wait times may be long after major disasters. When you get in contact, insurance companies will guide you through the required steps. Remember to have your policy number and relevant personal information ready. This isn’t a step to rush, despite the urgency of the situation.
3. Document damage
For insurance and recovery purposes, it’s important to document damage to your home and belongings. Use a camera or your phone to take clear photos and videos, covering all angles of rooms and belongings to ensure that you don’t miss anything. Include both close-ups and wider shots to provide context.
It’s also essential not to just document the areas with the most visible damage. Cover all areas of your property, including interior rooms, exterior structures, the roof, basement, garage, and outdoor areas, and more. Sometimes, damage might not be apparent right away, but can manifest later on. This comprehensive documentation will prove invaluable when dealing with your insurance company, contractors, and remediation specialists.
Lastly, never throw away an item that was damaged unless it’s an active hazard. If you do, you’re unlikely to get reimbursement for it.
4. Secure temporary accommodation
If your home is uninhabitable due to extensive damage, it will likely be necessary to secure temporary accommodation for you and your family. Many homeowners’ insurance policies include “Loss of Use” or “Additional Living Expenses” coverage for covered events, which can assist with costs related to temporary housing. You can also reach out to local disaster relief organizations for aid, who often provide temporary shelter during emergencies.
5. Check for utility disruptions
After a hurricane, it’s common for utilities to be disrupted. This includes water, electricity, and gas. Check all these services in your home. If you find that they’re unavailable or not working correctly, contact your utility providers to report these issues. Keep in mind that restoration times can vary depending on the severity of the storm and the extent of damage in your area. In case you smell gas or suspect a gas leak, evacuate your property immediately and inform the gas company. Remember, safety comes first.
6. Begin clean up and salvage
Once you’ve ensured safety and contacted your insurance company, it’s time to start the clean-up process. Before you begin, make sure to wear protective gear to avoid injury while sorting through debris. Salvage what you can, but be mindful of water-logged or mold-prone items, as these can pose health risks if not handled appropriately. It’s crucial to remain patient during this process, as it can be time-consuming and emotionally challenging.
7. Mitigate further damage
To protect your home from additional damage in the immediate hours and days following the hurricane, cover broken windows and holes in your roof with tarps or plywood. Your insurance company may require this effort as part of your policy agreement, and in some cases, they may cover the cost of these temporary fixes. This step is crucial in maintaining the structural integrity of your home and preventing further deterioration.
Make sure to take photos of the damage before you begin any repairs, otherwise your insurance may not cover it.
8. Hire professional help
Dealing with the aftermath of a hurricane can be overwhelming, so it can be useful to hire professionals to help navigate the recovery process. From helping with insurance to repairing your home, they can dramatically improve your recover. Here are a few professionals to consider contacting:
Public adjusters: Adjusters can advocate for you with insurance companies to ensure you get the claim settlement you deserve.
Structural engineers: These experts can assess the structural integrity of your home after a disaster, checking for unseen damage that could potentially lead to more serious issues down the line.
Water and mold remediation specialists: Flooding often accompanies hurricanes. If your home was flooded, you should have a specialist inspect it for mold. These specialists can effectively remove water and mold and treat areas to prevent further mold from developing.
Contractors: Disaster recovery contractors can aid in restoring your home to its pre-disaster condition. They can be especially helpful if you’ve made temporary repairs and need something more permanent.
9. Address emotional wellbeing
It’s crucial to take care of your emotional health, especially following a disaster. Hurricanes can cause substantial emotional distress, which may make it difficult to return to normal life. Consider talking with a mental health professional, counselor, or community support groups that can provide emotional and psychological aid. Reaching out for help is not a sign of weakness – it’s a necessary step towards healing and recovery.
10. Prepare for the future
After you’ve weathered a hurricane, it’s a good time to revisit your preparedness strategy. Make sure your insurance coverage is adequate, and get flood insurance if you don’t already. It’s also essential to create a comprehensive evacuation plan and consider making improvements to prepare your house for future hurricanes. Being prepared can greatly reduce the impact of a future disaster and provide peace of mind.
What to do after a hurricane: final thoughts
In the aftermath of a hurricane, facing the recovery process can feel like an insurmountable task. However, it’s important to remember that there are resources and professionals ready to assist you in navigating this challenging time. While the journey towards recovery may seem daunting, with the right resources and support, you can restore normalcy to your life and home. And remember, never neglect your emotional and mental health during and after a disaster. Reach out to your community, support networks, and professionals if needed to take care of yourself and your loved ones.
As the world continues to experience the effects of climate change, these measures aren’t just optional, but essential. By being proactive and informed, you can not only navigate recovery but also better prepare yourself for future events.
This guide should not replace professional advice or guidance. Always seek help from certified professionals for issues related to structural integrity and safety, and follow all official guidance before, during, and after a major weather event.
Housing discrimination continues to be a serious problem plaguing renters, homebuyers, and homeowners throughout America.
There were more than 31,200 fair housing complaints filed in 2021, the most recent year where data was available, according to the National Fair Housing Alliance’s 2022 Fair Housing Trends Report. That was the most complaints filed in at least 25 years. The majority, 82%, involved rentals.
“Housing discrimination is pervasive in housing markets across the country,” says Morgan Williams, general counsel of NFHA. “Discrimination is significantly underreported. It’s hard to get good data.”
In 1968, the federal Fair Housing Act was passed to make the rampant discrimination in the housing market illegal. It initially protected people based on race, color, national origin, and religion. Familial status, disability, and sex, which includes sexual orientation and gender identity, have since been added as protected classes.
This is meant to ensure that everyone is treated equally when renting or buying homes, receiving home loans or insurance, and having their homes appraised. However, people are still being denied housing based on their race or sexual orientation, and pregnant women are being denied mortgages.
The NFHA commissioned a report in 2004 that estimated that there were likely more than 3 million fair housing violations against Black, Hispanic, Asian, and Native Americans in the rental and for-sale housing market. This didn’t include violations against other protected groups or in the mortgage, appraisal, and other facets of the real estate industry. When adding those in, he expects there are more than 4 million victims of housing discrimination a year.
Much of the discrimination goes unreported. Many people don’t realize they are victims or are unaware of how to file a fair housing complaint. Those who do often face an uphill battle in proving that they are victims. And some worry about losing their housing if they complain.
“It is a real problem in the market,” says Williams.
What are the most common fair housing complaints?
The disabled community often faces issues such as being denied rentals because of the way they are perceived.
The bulk of the fair housing complaints received in 2021 were related to disability, according to the NFHA report. These made up about 54.2% of complaints. It was followed by race, familial status, sex, national origin, color, and religion. The report captured complaints filed with nonprofit fair housing organizations and government agencies, including the Department of Housing and Urban Development.
“There is still a tremendous amount of ignorance, as well as conscious and unconscious bias regarding people who are differently abled,” says Stephen Beard. He is an Oakland, CA, real estate agent with Keller Williams who specializes in working with people with disabilities. “Some landlords and other decision-makers do the minimum they can get away with.”
Some of the issues faced by those in the disabled community include being denied rentals because of the way they are perceived, not receiving reasonable accommodations for ramps, chairlifts, and closer parking spaces, as well as landlords not allowing service support animals. Sometimes light fixtures and countertops are out of reach for those in wheelchairs, or kitchens aren’t wide enough to accommodate a chair.
“There simply is not enough accessible housing stock for people with physical challenges, as well as bias against people with cognitive challenges such as autism or who have mental health issues,” says Beard. Many people “can’t find housing. If they have housing, they sometimes can’t afford to move or make their own homes accessible.”
Securing housing is also often a challenge for members of protected classes. For example, families might report that their landlords illegally prohibit their children from accessing amenities in their complexes. People of color are denied mortgages or charged higher fees for loans compared with white borrowers with similar financial pictures. Transgender renters report being evicted due to their gender identity.
“Housing affects absolutely everything you do,” says Marlene Zarfes, executive director of Westchester Residential Opportunities. The civil rights agency works on fair housing complaints in Westchester County, NY, which is located just north of New York City. “If you don’t have suitable housing, how do you get to your job? How do your kids go to school?”
Given the current state of the world, and the fact that a higher percentage of the population is working from home than ever before, people are quickly realizing the need for efficient and effective technology.
Initial data shows that internet usage has surged between 50 and 70 percent during the COVID-19 pandemic as the population tries to access work, entertainment and more. The sudden, unprecedented strain on residential technology has caused major concerns related to both bandwidth and security – and many people have been experiencing issues. Just last week I was trying to do a Zoom meeting with a client who lives in New York City and is currently on a work-from-home mandate. This client – who holds an executive position at her company and presumably has many other meetings to take – was unable to get video to work for our meeting and the call kept dropping due to the limited bandwidth in her building.
As a property owner, you likely have choices when it comes to technology at your home (though maybe limited if you live in a multi-family development.) Renters likely don’t have the option to make many changes when it comes to the internet, cell phone service, and other technology critical during this challenging time. How can landlords help tenants through this period of time, and what can they do to better prepare for the future?
Tenant portals are absolutely necessary
With the recommended social distancing measures in place, it’s critical for landlords to provide options for tenants to continue regular operations without having to meet in person. An online tenant portal allows landlords and tenants to interact when it comes to rent payments, maintenance requests, accessing important files, and other communication that may be necessary during this time.
Smart home technology is beneficial in ways we didn’t consider previously
It might not be an immediate option for landlords to add smart home technology features to their rental properties, but it’s definitely something to consider in a new light moving forward. Properties that do have smart technology installed are likely realizing benefits they may not have considered before the current pandemic. Tenants who have decided to shelter in place with family or in locations away from their rental property will still be able to control things like heat and electricity from a remote location. Landlords may even be able to offer remote access to maintenance staff and other professionals in emergency situations.
High speed internet is a premium feature
Over 90% of renters value internet connectivity as a top amenity for their rental property – especially since more than half say they have 1-4 connected devices in their home – according to a report from the National Multifamily Housing Council. These numbers could be even higher with so many renters working from home right now.
Every landlord should consider offering access to high speed internet at their rental properties, and even consider including high speed internet services as an amenity. When the market picks back up and new construction and development continues, rental properties should consider the availability of fiber-optic internet for higher bandwidth capacity. One new community being developed here in my home state of Oregon is considering making the entire neighborhood fiber-optic ready and installing a smart panel in every new home (they would be the first development in the state of Oregon to implement this). Given the situation at hand and looking toward the future for ways to better prepare – this is a very smart move.
In times of massive change, people are looking for stability, including technology that works. As many of us are isolated physically, staying connected digitally is vital. We must be able to go about our daily business and lives, from video calls with colleagues to conducting business – like paying bills and rent – remotely. This requires access to technology, and landlords can help support their tenants by prioritizing specific tech implementations and improvements.
In our latest real estate tech entrepreneur interview, we’re speaking with Andrew Flint from Occupier. He is a recent addition to the GEM.
Who are you and what do you do?
My name is Andrew Flint and I am a Co-founder of Occupier along with Erik Pearson and Matt Giffune. Occupier is a Real Estate Success platform that enables businesses and tenant-rep brokers to make better real estate decisions. Our software engages internal and external stakeholders around lease administration, transaction management, and lease accounting to execute the workflows most important to aligning real estate with the operational needs of the business. We launched Occupier after working together at VTS, now the leading leasing asset and management platform for landlords. Prior to that, Matt and I spent approximately 10 years as commercial real estate brokers at JLL in NYC and Boston. It was through these previous experiences that we recognized how far behind tenants, landlords and brokers were in terms of using technology to manage their business. Proptech has exploded over the past 5-7 years, however the primary focus has been on landlords, leaving an enormous opportunity to create technology focused on the tenant and their teams.
What problem does your product/service solve?
First and foremost, we provide a modern lease administration platform focused on making key lease details like critical dates, financials, and documents readily accessible and actionable to all relevant stakeholders, both internal and external. Second, as new FASB ASC-842 accounting guidelines go into effect with private companies, businesses need to comply with how they disclose their real estate holdings on their balance sheet. Without centralized lease data and the ability to measure it, companies put themselves at risk of non-compliance, hence our Q3 launch of a seamlessly integrated lease accounting module. Finally, Occupier drives a more efficient transaction process by engaging the tenant-rep broker into a dynamic workflow that centralizes all deal communication, site selection, and negotiation in one place, increasing the pace and accuracy of lease transactions.
What are you most excited about right now?
During the coronavirus lockdown, it’s been unbelievable to see the team come together and thrive. We have been heads-down on product development and onboarding new customers, moving closer launch of Occupier Lease Accounting in Q3. There is a ton of pent up demand to leverage that module alongside lease administration and transaction management. In May, we kicked off our participation in Reach 2020, a proptech focused accelerator we are extremely excited about given its association with NAR, CCIM, and SIOR.
What’s next for you?
While we are fully focused on the business right now, we are also poised to raise a proper venture round within the next 9-12, enabling us to bring on additional product, sales and marketing, and customer success resources. With additional firepower and a solid foundation, what we will be able to provide tenants and brokers will drive significant efficiencies in how companies make real estate decisions and how brokers grow their business.
What’s a cause you’re passionate about and why?
It is no secret that our country has a serious problem with racial injustice, with the killing of George Floyd shining a light on these problems. As a team we support causes, like the Black Lives Matter movement, that will force long overdue changes in America. We believe we can make a direct impact by committing to building a diverse team as we grow. Personally, I am passionate about supporting community organizations like Grand Street Settlement in the Lower East Side of NYC, that provide programs and services to families, youths and seniors across the city. Before having kids, I volunteered for 7 years, and most recently made a donation after hearing funding for summer youth programs had been cut. These are times where we need to figure out ways to double down on programs like theirs which build up our communities.
Thanks to Andrew for sharing his story. If you’d like to connect, find him on LinkedIn here.
We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).
Ohio pulses with vibrant cities, quaint small towns, robust industry and natural wonders.
Each corner of Ohio echoes a different rhythm and a unique character, painting a picture of diversity that’s as intriguing as it is inviting. Finding the best places to live in Ohio is not just a matter of preference, but an exploration, an adventure into the heartland of America’s Midwest.
Let’s explore seven of the best places to live in Ohio and the specific attributes that make these cities such special places to call home in the Buckeye State.
When it comes to the best places to live in Ohio, Columbus emerges as an undeniable beacon of culture and character.
Columbus teems with life. German Village (pictured above), is a study in preservation, where meticulously refurbished brick houses whisper tales of a German past, and the aroma of freshly baked pretzels wafts in the air. Contrast this with the urban fabric of Short North, where art galleries jostle for space with trendy boutiques and eclectic eateries on every corner.
Ensconced in the city’s heart is The Ohio State University, a gargantuan center of education that attracts young minds from around the globe. The Buckeye spirit, more than just collegiate loyalty, permeates throughout the city, crafting a sense of community and camaraderie that ignites on football Saturdays.
What truly anchors Columbus among the best places to live in Ohio, however, is its diversity. Columbus is a city where multiple cultures coalesce yet maintain their distinct identities. It is here where an annual celebration of Asian culture thrives within the same city that hosts one of the largest Pride parades in the Midwest.
Columbus is a city where histories are preserved, cultures are celebrated and futures are crafted. It is undeniably a city that promises not just a place to live, but a place to truly belong. It is the reflection of the American spirit, an emblem of the state of Ohio and indisputably one of the best places in the state to call home.
There is an undercurrent of vibrancy and a spirit of resurgence that permeates Cincinnati. It’s a city where tradition entwines seamlessly with innovation, where century-old buildings host start-ups, microbreweries and gourmet coffee roasters. There is a renaissance unfolding in Cincinnati. Its heart is beating at a different pace than ever before and it’s no wonder that this city is quickly rising the ranks among the best places to live in Ohio and the country.
Cincinnati is a city of neighborhoods, each with its distinct character, charm and flavor. The historic Over-the-Rhine district, once a 19th-century German enclave, hums with craft breweries, artisan shops and music venues set in Italianate architecture. The newly revitalized Cincinnati riverfront, now home to Smale Riverfront Park, provides an open space where families and friends gather for picnics, concerts and to take in views of the sparkling river.
Despite being Ohio’s third-largest city, Cincinnati retains a small-town charm. This is a city where people pause to greet their neighbors, and where community festivals and farmers markets serve as social gathering spots. Among the bustle of city life, there’s a deep sense of community. That sense of connection is Cincinnati’s lifeblood and most admirable attribute.
And the city’s strengths extend beyond cultural richness and community spirit. A growing economy, with a strong presence in finance, healthcare and education, provides an abundance of job opportunities. The city is home to more than ten Fortune 500 companies, a testament to its thriving business climate. Moreover, Cincinnati’s education system is robust, boasting well-regarded public and private schools and esteemed universities like the University of Cincinnati and Xavier University.
The cost of living in Cincinnati is another compelling factor. Housing is notably affordable compared to other major U.S. cities, making homeownership attainable for many. The city’s mix of grand, old-world mansions, stylish downtown condos and family-friendly suburban neighborhoods offers something for everyone.
When you dive deep into Cincinnati’s heart, you understand why it is a contender in the list of the best places to live in Ohio. It is a city that embraces its rich history while looking forward to its promising future. A city that provides a bounty of life, work and play opportunities for its residents. Cincinnati is a city that has carved a unique identity and married its Midwest charm with a broader urban appeal. Cincinnati is not merely a city—it’s a thriving community offering an enviable lifestyle.
An undercurrent of tenacious vitality courses through the arteries of Cleveland. It’s one of those places that finds its way into the contours of your memory and as such, should be a prime contender in any discussion regarding the best places to live in Ohio.
The city’s history is as diverse as its population. It has always been a city of industry, with roots embedded deeply in the steel and healthcare industries. And, with NASA’s Glenn Research Center right at its doorstep, Cleveland also actively writing its own legacy of space exploration.
Yet, it would be misleading to suggest that life in Cleveland is purely an industrious affair. The city boasts a culture that could rival cities twice its size. The Cleveland Orchestra is recognized as one of the finest in the world, gracing the beautiful Severance Hall with symphonic melodies that reverberate in the hearts of its listeners. The Rock and Roll Hall of Fame is here too, a modern-day shrine to music legends, offering a tangible connection to the pulse and rhythm of America’s musical heart.
The city’s green spaces provide a welcome respite from the urban sprawl. The Cleveland Metroparks system, known as the ‘Emerald Necklace,’ encircles the city with a chain of beautiful parks, gardens and hiking trails. These spaces provide a welcome sanctuary for those seeking tranquility in nature’s beauty away from the bustle.
Community is the lifeblood of Cleveland. It is a city built on neighborhoods, each with its unique personality and charm. From the edgy and artsy aura of Tremont to the multicultural haven that is Ohio City, the city pulses with a profound sense of camaraderie.
With a quiet charm that takes its time to reveal itself, Akron stakes its claim as one of the best places to live in Ohio. Nestled within the heartland of the Buckeye State, this once-industrial powerhouse has gracefully evolved into a vibrant hub of culture, innovation and greenery.
The allure of Akron is not just in the present but deeply rooted in its past. It sprang to life during the height of the American Industrial Revolution, earning the moniker “Rubber Capital of the World”. That history has left a legacy in Akron’s architectural cityscape, with the old factories repurposed into lofts, art studios and breweries, painting a picture of the city’s resiliency and innovative spirit.
It’s impossible to overlook the city’s commitment to green spaces. The jewel in this emerald crown is the Cuyahoga Valley National Park, straddling the edges of Akron. With 125 miles of hiking trails and ample opportunities for outdoor exploration, it presents a picture of Ohio at its natural best.
The city’s culinary landscape is a kaleidoscope of flavors. Authentic Polish and Italian establishments rub shoulders with trendy farm-to-table restaurants and vegan bistros, a true testament to Akron’s forward-thinking ethos. The city even has a growing craft beer scene, where old rubber factories are now home to innovative breweries.
Yet, beneath the wealth of amenities, the real charm of Akron lies in the warmth of its people. Students, artists, entrepreneurs and families—all residents of Akron—unify with a deep-seated sense of community and pride in their city. Neighbors greet each other by name, support local businesses and celebrate community events together, creating a strong sense of connection. Sounds like one of the best places to live in Ohio if you ask us.
Dayton is deeply rooted in innovation and invention. It’s a town where two humble bicycle mechanics dared to dream of humans taking flight. Here, in this unassuming spot, the Wright brothers leaped into history. The echoes of this ingenuity and perseverance still resonate in Dayton’s spirit today, cultivating a culture that values creativity and technological advancement equally.
The pulse of life in Dayton beats strongly, fueled by its robust economy. A significant hub for aerospace and defense industries, healthcare and education, Dayton offers a wide range of career opportunities, contributing to its relatively low unemployment rates. Its cost of living, significantly below the national average, adds to its allure, making a higher quality of life attainable even for young families.
Dayton is home to various museums, art galleries, theaters and music festivals. The Dayton Art Institute showcases exhibitions that crisscross time, geography and genre.
In Dayton, you’ll find more than just a place to live. You’ll find a living, breathing community that hums with the rhythms of work and play, tradition and innovation, solitude and camaraderie. Indeed, in the understated charm of Dayton, Ohio, the extraordinary often resides in the ordinary.
There’s something about Toledo that simply captures the heart. Ranked among the best places to live in Ohio, its charm is undeniable. In Toledo, industry and nature dance an unexpected waltz, and you’ll find a distinctive Midwestern magic humming along its streets, in its people and within its nooks and crannies.
Known as “Glass City,” Toledo is a city where centuries-old artistry coexists with the cutting-edge innovations of tomorrow. Its glass industry, a beacon of technological prowess, offers a counterpoint to the rugged industrial atmosphere of the town. Yet, in the same breath, it acts as a mirror, reflecting Toledo’s shimmering skyline over the Maumee and subtly underscoring the city’s synergy of innovation and tradition.
Toledo, in its modest Midwestern way, is a cultural titan. The Toledo Museum of Art, with its wide-ranging collection, attracts admirers from across the globe. Meanwhile, the city offers an ongoing feast, each dish a testament to the community’s diversity, and local favorites like Tony Packo’s Cafe give residents and visitors alike a taste of Toledo’s unique flavor.
Toledo holds the promise of comfortable living at an affordable cost. Its real estate market offers options that suit every budget and lifestyle, while the presence of strong educational institutions like the University of Toledo provides excellent opportunities for personal growth and professional development.
Toledo doesn’t need to boast its merits. Its strength lies in its quiet confidence, its symbiosis of contrasts and the unassuming charm that makes it not just a great city in Ohio, but a reflection of the heartland itself. For anyone seeking the best places to live in Ohio, Toledo is a city that sings a compelling song.
Bathed in the pastel hues of the setting sun, Youngstown emerges like a silent symphony playing on the strings of rustic charm and urban pulse. Tucked away from the frantic pace of larger cities, this quaint corner of the Buckeye State cradles within its city limits a melting pot of culture, history and a refreshing sense of community spirit. The city, once dubbed the ‘City of Homes’, stands as an unsung anthem in the list of best places to live in Ohio.
What’s most fascinating about Youngstown, is its simultaneous nod to its robust history and its thrust into a promising future. The city bears the mementos of its industrious past with dignity. Mahoning Avenue, once the nerve center of a bustling steel economy, now blossoms with local businesses, boutiques and restaurants that act as a living representation of the city’s ongoing rebirth.
Adding to Youngstown’s appeal is its cost of living, significantly lower than the national average. This affordability coupled with the city’s excellent education system, epitomized by Youngstown State University, makes the city attractive to families and recent graduates alike.
In its quietude, Youngstown murmurs an enchanting tale of resilience, renewal and community. Whether it’s the history lover, the culture enthusiast, the nature aficionado or those yearning for the close-knit community spirit, the city welcomes all with open arms. That’s why, in the landscape of the best places to live in Ohio, Youngstown firmly defends its place on the list.
Find the best place to live in Ohio
Hopefully, this expedition through the best places to live in Ohio has painted a vivid picture of a state rich in history, laden with opportunities, blessed by nature and enriched by community spirit. These chosen locales, each with its unique rhythm, create an enchanting symphony that is Ohio. Explore Ohio apartments today!
The average cost of homeowners insurance in Wisconsin is $1,125 per year, or about $94 per month, according to a NerdWallet analysis. That’s less than the national average of $1,820 per year.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
Why you can trust NerdWallet
Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.
We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.
Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.
The best homeowners insurance in Wisconsin
If you’re looking to buy homeowners insurance from a well-rated national brand, consider one of these insurers from NerdWallet’s list of the Best Homeowners Insurance Companies.
More about the best home insurance companies in Wisconsin
Farmers
Those seeking benefits like diminishing deductibles and claims forgiveness may want to consider Farmers.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
Farmers
Those seeking benefits like diminishing deductibles and claims forgiveness may want to consider Farmers.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
Homeowners policies from Farmers may include two valuable types of insurance: extended dwelling and replacement cost coverage. Extended dwelling coverage gives you extra insurance for the structure of your house, while replacement cost coverage offers higher reimbursement for stolen or destroyed belongings.
Some Farmers policies also come with perks that can save you money. For example, with claim forgiveness, Farmers won’t raise your rate for a claim as long as you haven’t filed one within the past five years.
State Farm
Well-established insurer with a lengthy list of coverage options.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
State Farm
Well-established insurer with a lengthy list of coverage options.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
As America’s largest insurer, State Farm stands out for its long list of coverage options. Its policies generally include extra dwelling coverage in case it costs more than expected to rebuild your home after a covered disaster. You may also be able to add coverage for things like identity theft, damage from backed-up drains and personal injury liability.
State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.
Chubb
Perks and high coverage limits for affluent homeowners.
Coverage options
About average
Great set of discounts
NAIC complaints
Far fewer than expected
Chubb
Perks and high coverage limits for affluent homeowners.
Coverage options
About average
Great set of discounts
NAIC complaints
Far fewer than expected
Chubb caters to high-value homes and draws far fewer consumer complaints than expected for a company of its size, according to the National Association of Insurance Commissioners. Its home insurance policies come with some great perks, including extended replacement cost in case it costs more than your dwelling limit to rebuild your home after a disaster.
Chubb policyholders may also be able to take advantage of the company’s HomeScan service, which uses infrared cameras to look for problems behind the walls of your home.
American Family
Comprehensive coverage for homeowners in 19 states, mostly in the West and Midwest.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
American Family
Comprehensive coverage for homeowners in 19 states, mostly in the West and Midwest.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
Founded in Madison, Wisconsin, American Family receives fewer consumer complaints than expected for a company of its size. You may be able to customize your policy with optional add-ons such as identity theft, equipment breakdown or service line coverage, which pays for repairs to water, power or other underground lines that run to your house.
Homeowners may be able to save on their premiums by installing smart-home devices, bundling multiple policies or setting up automatic payments.
Nationwide
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.
Coverage options
More than average
Great set of discounts
NAIC complaints
Close to expected
Nationwide
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.
Coverage options
More than average
Great set of discounts
NAIC complaints
Close to expected
We like Nationwide for its wide variety of coverage options. For example, its standard homeowners insurance policy generally includes ordinance or law coverage, which can help pay to bring your home up to current building codes after a covered claim. You can add other coverage for things like identity theft and damage from backed-up sewers and drains.
Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. You can also use the website to pay bills, file claims or check claim status.
USAA
Offers perks for the military community.
Coverage options
Below average
Average set of discounts
NAIC complaints
Far fewer than expected
USAA
Offers perks for the military community.
Coverage options
Below average
Average set of discounts
NAIC complaints
Far fewer than expected
USAA sells homeowners insurance to veterans, active military and their families. If you fall into one of those groups, you might want to look into USAA’s offerings. The company’s homeowners policies include some unique perks such as deductible-free coverage for military uniforms and coverage for identity theft.
Homeowners in Wisconsin can take part in the company’s Connected Home program, which gives you a discount on your policy if you buy and install approved smart home devices. These include water leak sensors, cameras and thermostats.
How much does homeowners insurance cost in Wisconsin?
The average annual cost of home insurance in Wisconsin is $1,125. That’s 38% less than the national average of $1,820.
In most U.S. states, including Wisconsin, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Wisconsin, those with poor credit pay an average of $2,680 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 138% more than those with good credit.
Average cost of homeowners insurance in Wisconsin by city
How much you pay for homeowners insurance in Wisconsin depends on where you live. For instance, the average cost of home insurance in Milwaukee is $1,165 per year, while homeowners in Madison pay $1,055 per year, on average.
Average annual rate
Average monthly rate
Brookfield
Eau Claire
Fond du Lac
Janesville
Menomonee Falls
New Berlin
Oconomowoc
Stevens Point
Sun Prairie
The cheapest home insurance in Wisconsin
Here are the insurers we found with average annual rates below the Wisconsin average of $1,125.
What to know about Wisconsin homeowners insurance
You’ll want to consider the risks of severe weather events, such as seasonal storms and flooding, while shopping for homeowners insurance in Wisconsin.
Flooding
Wisconsin’s beautiful rivers and lakes can pose a significant risk to homeowners, especially when spring thaw or heavy rainfall brings flooding. Floodwaters can cause extensive damage to your home, and standard homeowners insurance policies typically do not cover flood damage. As a result, homeowners in flood-prone areas may need to purchase separate flood insurance to protect their property from water damage.
To find out if you’re at risk, check out the Federal Emergency Management Agency’s flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low risk, it may be worthwhile to purchase flood insurance for extra peace of mind. Over 20% of flood claims come from areas outside of designated high-risk flood zones.
Remember that while you can purchase flood coverage at any time, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.
Winter storms
Wisconsin experiences harsh winter weather, including heavy snowfall, ice storms and freezing temperatures. These conditions can lead to ice dams, roof collapses and frozen pipes, causing significant damage to homes.
A standard homeowners insurance policy typically covers winter storm-related damages. You can still take some measures to prevent damage, like using a rake to clear snow off the first few feet of your roof and keeping exterior vents clear of snow.
There is nuance to what types of damage are covered, so it’s important to review your policy carefully. For example, seepage behind your drywall caused by a melting ice dam may be covered, but you may need a separate flood insurance policy to cover seepage through your foundation.
Tornadoes
Although tornadoes are not as common in Wisconsin as in other states, the Badger State still averages 23 tornadoes each year. While they vary in strength, tornadoes can severely damage homes, including roofs, windows and the overall structure.
A standard homeowners insurance policy often includes wind damage, including any caused by tornadoes. Read your policy closely, though, as you may have a separate wind deductible. These can be a flat rate, such as $1,000, or a percentage of your dwelling coverage. For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for wind claims. If your policy has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of wind damage yourself.
Hailstorms
Wisconsin is susceptible to hailstorms, particularly during the spring and summer months. These storms can bring strong winds, lightning, and large hail.
Hail damage is typically included in your standard home insurance policy, but read your policy closely, as it may come with a separate deductible similar to those for wind damage.
Wisconsin insurance department
The Wisconsin Office of the Commissioner of Insurance oversees the insurance industry and serves as a resource for consumers. You can get answers to general questions about insurance through the website or by phone at 800-236-8517. If you need to file a complaint against your insurer, you can do so using an online form or by mail.
Looking for more insurance in Wisconsin?
Amanda Shapland contributed to this story.
Frequently asked questions
Is homeowners insurance required in Wisconsin?
Homeowners insurance is not legally required by Wisconsin state law. However, your lender may require you to purchase home insurance.
Does Wisconsin home insurance cover flooding?
Standard homeowners insurance policies in Wisconsin do not cover flooding. If you live in a flood plain or an area at risk for floods, you should consider buying separate flood insurance.
How can I save money on homeowners insurance in Wisconsin?
There are several ways to save money on homeowners insurance in Wisconsin:
Shop around to make sure you’re getting the best rate.
Choose a higher deductible. In case of any claims, you’ll pay more out of pocket, but your premiums will be lower.
Floods are among the most common and devastating natural disasters, causing extensive damage to homes and properties. They are also extremely expensive to recover from – in 2022 alone, property damage from flood events in the US cost people and governments more than $13 billion. This amount will likely rise as people continue moving to flood-prone areas at a record rate.
If your home was recently flooded, it’s important to start the recovery as soon as the waters recede to avoid further damage to your home and belongings. So what do you do after a flood, and how do you protect your home in the future?
To help, we put together ten essential steps for homeowners so you can be better prepared. So whether you live in a house Tampa, FL, and are recovering from a flood, or an apartment in Wilmington, NC, and just want to learn more, read on for ten important flood safety tips.
1. Prioritize your safety
Safety comes first. Only return to your home once authorities say it’s safe, and use abundant caution. Avoid rushing into your home, as there could be hidden dangers. When you first enter, watch out for downed power lines, gas leaks, standing water, and structural damage. If your power isn’t already out, turn off the electricity if you suspect it’s not safe.
As you move through your home, it’s essential to wear protective gear, like rubber boots and gloves, to prevent injuries. You should also have a first aid kit at hand in case of minor injuries.
2. Assess water quality
Water contamination is extremely common during and after a flood. This is because floodwaters often carry a wide range of pollutants, including bacteria, chemicals, heavy metals, and sewage that can significantly contaminate a home or community’s drinking water supply. This contamination poses serious health risks, especially when used for drinking, cooking, or hygiene purposes.
To reduce risk after a flood, it’s essential to have your water tested to ensure its safety. Local health departments often offer testing services or can recommend a reliable lab. Until your water has been tested and deemed safe, use bottled water for drinking and cooking.
Importantly, if your home uses a private well and it was inundated by floodwater, it’s likely contaminated. You must have your well cleaned, disinfected, and tested by a professional before using the water again. The Environmental Protection Agency provides guidelines on how to disinfect wells after a flood
3. Look out for mold
Mold is a common and serious issue following floods. It can develop within 24 to 48 hours in damp, warm conditions, infesting walls, carpets, and furniture. Mold not only compromises the structural integrity of your home, but it can also pose significant health risks. These can range from allergic reactions and asthma attacks to more serious respiratory infections, especially in individuals with weakened immune systems.
Identifying mold can be tricky since it’s not always visible and it grows in hidden areas, such as behind walls or underneath floors. Common signs include a musty odor, discoloration on surfaces, and worsening allergy symptoms. If you spot or suspect mold growth, don’t attempt to handle it yourself, especially if it covers a large area. It’s best to call in a professional mold remediation company, as they have the appropriate equipment and expertise to remove mold safely and thoroughly, and can advise on preventing future mold growth.
4. Contact your insurance company
If you have a flood insurance policy, it’s crucial to contact your insurance company as soon as possible after a flood. They can guide you through the process of filing a claim. Be prepared to provide comprehensive documentation of the damage, which includes taking pictures and videos of the floodwater, damaged structures, and destroyed items. If you can, try to include water levels in your photos. This documentation helps expedite the claim process and helps ensure that you receive a fair settlement.
It’s important to understand that standard homeowners’ insurance policies typically do not cover flood damage. This is a common misunderstanding and can lead to unpleasant surprises in the event of a flood. Coverage for flood damage requires a separate flood insurance policy, often provided through the National Flood Insurance Program (NFIP), a program managed by the Federal Emergency Management Agency (FEMA).
5. Seek additional financial assistance
Dealing with the aftermath of a flood can be financially challenging, especially if your policy coverage falls short, or you don’t have one at all. If this is the case, you may qualify for assistance from federal, state, or local entities.
The Federal Emergency Management Agency (FEMA) provides the majority of assistance after declared disasters, including floods. This assistance can take many forms, including grants for temporary housing, home repairs, and low-interest loans to cover uninsured property losses. You may also qualify for assistance programs through the U.S. Small Business Administration (SBA), even as a homeowner or renter. The SBA provides low-interest disaster loans to help cover the cost of repairing or replacing damaged property.
Lastly, local charities, non-profit organizations, and community groups often offer free emergency aid in the aftermath of a flood. This could include distributing supplies, organizing volunteer cleanup crews, and offering temporary housing.
No matter your method, make sure to reach out for help proactively and promptly; there can often be application deadlines for disaster assistance programs, especially for major events
6. Thoroughly clean your home
Next, it’s time to begin cleaning up. This step is crucial as stagnant water can lead to mold growth, which poses serious health risks. Remove water-damaged items from your home and start drying out the property. Utilize fans, dehumidifiers, and heaters to speed up the process.
Cleaning up after a flood is a monumental task. You might consider hiring a professional restoration company that specializes in post-flood cleanups. They have the expertise and equipment to handle the situation effectively and safely.
7. Repair and renovate
Once everything is dry and clean, it’s time to repair and renovate your home as necessary. This process could range from replacing drywall and flooring to more extensive structural repairs, such as replacing your roof. Consider hiring a contractor who has experience in restoring homes after a flood.
You can take this opportunity to make your home more flood-resistant so you’re prepared for the future. Options include elevating utilities, waterproofing your basement, or even raising your home, depending on your budget and local building codes.
8. Be aware of scams
Unfortunately, disasters can bring out scammers who prey on vulnerable homeowners. Scammers can take many forms, including charity, government, and insurance impersonators. One of the most common types are home renovation contractors who come unsolicited offering repairs. They will often ask for a downpayment for work that they never end up completing.
To be safe, always verify the credentials of anyone you hire or divulge information to. You can also check with your local Better Business Bureau or your state’s licensing board to ensure you’re working with a legitimate professional. If you’re unsure, ask plenty of questions and contact local authorities.
Insurance adjusters and government officials will never ask for money, collect down payments, or charge a fee for their services.
9. Take care of your emotional health
Don’t neglect your emotional wellbeing in the wake of a flood. It’s normal to feel a variety of emotions, including sadness, frustration, and anxiety. If you feel like you need support, reach out to local community organizations or a mental health professional. Taking care of your emotional health will help you better navigate the recovery process and emerge stronger.
10. Prepare for the future
While you can’t control the weather, you can prepare for surprises. Even if you felt prepared for this flood, it’s essential to prepare for the next as soon as you can. Here are some important steps to take:
Review your insurance policies: Ensure you have appropriate coverage by revisiting your insurance policies. If you didn’t have coverage for this flood, you’ll want it for the next one.
Install a sump pump: Sump pumps are critical to help remove water from your basement or other depressed areas. Consider a battery-powered option in case of a power outage.
Create a flood readiness plan: This should include a clear evacuation plan detailing how and when to leave your home, the safest escape routes, and where to go.
Prepare an emergency kit: Even if you had plenty of supplies this time around, it’s important to keep it stocked for the next event. Your kit should be waterproof and include necessary items like food, water, medication, important documents (like insurance policies), a first-aid kit, hygiene supplies, clothes, cash, and anything else you might need if you must evacuate your home quickly.
Understand your flood risk: Many people don’t know if their property is more at risk of flooding. You can learn if your property is at risk using the flood factor tool, or by searching your property on Redfin.
What to do after a flood: final thoughts
Knowing what to do after a flood can be extremely challenging and daunting. You have to juggle various tasks, ranging from documenting damage and contacting insurance companies, to dealing with potential mold issues and seeking out financial assistance, all while dealing with emotional pain. However, with a systematic approach that includes safety, restoration, insurance, and preparing for the future, the road to recovery can become more manageable.
Recovering from a flood also provides an opportunity to rebuild stronger. This can include understanding and updating insurance policies, flood-proofing your home, creating a comprehensive readiness plan, and understanding your flood risk.
As the world continues to experience the effects of climate change, for many, these measures aren’t just optional but essential. By being proactive and informed, homeowners and renters can not only navigate the recovery from a flood but also better prepare themselves for future events.
This guide should not replace professional advice or guidance. Always seek help from certified professionals for issues related to structural integrity and safety, and follow all official guidance before, during, and after a major weather event.
Moving to Jacksonville, FL, offers residents coastal charm and urban living all rolled into one. The city’s warm climate and beautiful beaches create a relaxed and laid-back atmosphere, making it an attractive destination for beach lovers and outdoor enthusiasts. With a rich history and diverse cultural scene, Jacksonville is known for its museums, art galleries, and lively music festivals. The city’s extensive park system, including the stunning Timucuan Ecological and Historic Preserve, provides ample recreational activities and exploration opportunities. So whether you’re searching for apartments in Jacksonville, homes for sale, or want to learn more about what Jacksonville is known for, this Redfin article will be your guide.
1. Low cost of living
The overall cost of living in Jacksonville is 6% below the national average , making it a great city for residents seeking affordability without compromising on amenities. The city’s housing market offers a diverse array of reasonably priced options, with the median sale price of $302,250 which is below the national median of $425,674. Rent can also be found at a lower cost, with an average two-bedroom Jacksonville apartment going for $1,504. Renting in Jacksonville is more budget-friendly than popular metros like Miami, where the average two-bedroom is $3,618.
2. Beach communities
With miles of sandy shores, quaint beach towns, and a range of water-based activities, Jacksonville is full of vibrant, yet relaxed beach communities.
“The Jacksonville beach communities are amazingly generous and collaborative,” shares Lori Richards, a local from BEAM, a community-based organization serving low-income residents living or working in Jacksonville’s beach communities. “The sense of being a hometown that cares for our own is so evident and makes this a wonderful place to live.”
3. Beautiful outdoors
You’ll find an abundance of natural attractions in Jacksonville. There are many things to explore, from the stunning beaches, lush parks, and scenic views.
“In Jacksonville’s 850 square miles, outdoor enthusiasts, artists, and nature lovers can discover inspiring preserves, water bodies, and pristine beaches,” says Shehzad Niazi, a local photographer of Photo Adroit. “From hiking and kayaking trails to historical landmarks across 80,000 acres of National, state, and urban parks, there’s something for everyone. Access to historic St. Augustine and other beautiful southern beaches adds to the allure. Despite years of visiting, I’ve only scratched the surface.”
4. Intracoastal Waterway
Jacksonville is celebrated for its intracoastal waterway, a picturesque route that winds through the city, offering stunning views and recreational opportunities.
Local resident Julia Dugger from Jax Beach Treehouse, a short-term rental property, shares, “Jacksonville is Florida’s secret jewel. While the beaches are big, beautiful, and uncrowded, the Intracoastal Waterway is where the locals play. Boating, waterskiing, kayaking, paddleboarding, or bird watching are fun things to do. Revel in spectacular sunsets and peaceful views. Visitors often decide to move to the area for plenty of reasons.”
5. Fast-growing city
Jacksonville is experiencing rapid growth, with its population, economy, and infrastructure expanding significantly.
“The best part about this city is the economic growth,” says Jesse Lane, a local and owner of J. Lane Construction. “We are doing a ton of multifamily and commercial construction in this city and across the whole state, but Jacksonville is unique and explodes with opportunity and lots of potential.”
5. Native Park
Jacksonville has one of the largest park systems in the US. One particular park of note is Native Park, which was formed in 1923 to increase public awareness of plants indigenous to northeast Florida. The park, which is maintained by the Ixia Chapter of the Florida Native Plant Society, currently has over 160 Florida native plant species organized in zones with maps and plant locations posted in a kiosk. Native Park is located in the historic Avondale neighborhood.
7. Timucuan Ecological and Historic Preserve
The Timucuan Ecological and Historic Preserve is a natural gem that preserves the region’s unique ecosystem and rich history. This expansive preserve allows visitors to explore unspoiled marshlands, historic sites, and abundant wildlife.
Explore55Plus, a company assisting search inquiries for retirement homes, shares, “There is so much to love about Jacksonville, but the stunning natural wonders just a stone’s throw away set this city apart. One of our favorite spots is the Timucuan Ecological and Historic Preserve – one of the last unspoiled wetland ecosystems in the region. Visitors can explore its ancient forests, hike along scenic trails, and discover centuries-old historical sites like the Fort Caroline National Memorial.”
8. Vibrant sports culture
Jacksonville boasts a vibrant sports culture that captivates locals and visitors alike. Home to the NFL team, the Jacksonville Jaguars, the city rallies around its football pride, creating an electrifying atmosphere during game days. Additionally, Jacksonville’s passion for sports extends beyond football, as the city hosts various sports events, including golf tournaments, college athletics, and soccer matches. With state-of-the-art stadiums, sports bars, and a dedicated fan base, Jacksonville provides a lively and dynamic environment that celebrates athleticism, camaraderie, and the spirit of competition.
9. St. Johns River
Jacksonville is widely recognized for its iconic St. Johns River that flows through the city, shaping its identity and providing recreational and economic opportunities. As one of the few rivers in the United States that flows northward, the St. Johns River offers stunning scenic beauty, making it a favorite spot for boat cruises, fishing, and water-based activities. The river’s significance in Jacksonville’s history and commerce cannot be understated, as it is a crucial waterway for transportation, trade, and tourism.
Are you stuck in a rut feeling like nothing is exciting left to do? Think again! If you were lucky enough to inherit $100,000 suddenly, what would be the first thing on your bucket list? Redditors had plenty of ideas for how they’d spend their newfound fortune. From purchasing exotic vacations, high-end home renovations, virtual reality headsets, and dream weddings to community sculpture gardens to more practical investments in college tuition grants—there are plenty of ways to imagine how you’d spend a large inheritance!
1. Attend the Funeral
Photo Credit: Shutterstock.
One user pointed out, “Attend funerals.”
Another user replied, “It took me a second, but yep.”
One commenter responded, “Goes without saying.”
“First, I would attend the funerals of the deceased. Then I would think about what to do with the money. Just a matter of respect,” another Redditor shared.
2. Pay Off Debt
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“Become debt free!” exclaimed one user.
Another user added, “Become debt free, stash the rest in savings and CDs for sure. I’ll even get adventurous and go out and have a nice dinner.”
One commenter shared, “You know you’re an elderly millennial when you see the term CDs and start thinking about replacing your beloved but heavily scratched pop-punk and hardcore punk collection from the early and mid-2000s.”
3. Pay Bills
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One user posted, “Pay bills.”
Another user confirmed, “100% this. Pay bills. Pay off debt. Bank the rest against a rainy day.”
One replied, “Smart.”
4. Plan Ahead
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One user shared his own story, “I inherited a little more, roughly $150k total, than that after my mom passed away a few years ago. My dad [had been] a doctor, and she didn’t have to worry about money for her remaining 21 years. When they sold their rental duplex (they never raised the rent in the 30 years they had it), I used my share to open an investment account for both of my kids and used the rest to pay off one credit card.
“With the cash I received from the trust, I paid off the other cards and started my own investment account. I’m 50, and for the first time in my adult life, I don’t have debt other than a student loan (that will hopefully get discharged under the borrower’s defense for false advertising) and our house.
“Before doing that, though, I booked a family vacation to Riviera Maya. I mentioned Dad was a doctor; well, he and Mom traveled the world going to dads medical conferences and just seeing the world. They lived to see new places and do new things. So, to honor and thank them, I spent a small amount and took the family on our first trip outside the US. I cried on the plane, I cried on the beach, I cried when I saw apple pie at the resort like mom made, and I cried when we came home. At one dinner, we talked about Grandma and what we miss most about her. Dad passed before I met my future bride, so only I mentioned him.
“So if I inherited that again, I’d probably do the same thing again. I remembered where it came from, and I prepared for those it would eventually go to.”
One user replied, “This is beautiful, thank you for sharing your incredible story with me.”
“For a person who is not from the US, it’s mind-blowing that you are 50 years old (not that far away from retirement age), and you still have student loans,” one user commented.
5. Make Sure it’s Not a Scam
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Another user posted, “You know how generational wealth is kind of a thing—well, so is generational poverty, as it turns out. So if I suddenly inherited 100k, the first thing I would do is make sure this wasn’t a prank or a scam.”
One confirmed, “Yes, fortunately, it’s not a scam, as my aunt passed away.”
Another user added, “I missed that part. Condolences and congratulations in whichever order you feel is more appropriate. Take the sincere advice of a generational poor person for what it is—but if I were in your shoes, I would act conservatively. I imagine there are a lot of people with a lot of enticing pitches for the newly rich. Just keep pulling in a regular paycheck for your day-to-day if you can, and make sure you have found a well-regarded accountant before the next tax season. Start inquiring into a money manager that can provide a realistic plan to ensure your long-term retirement.
“(Edit: Also, think of ONE affordable extravagance you could never financially justify before but might have been able to pull off and give to yourself as a gift. For me, that would be a 3-day weekend in some major city.)”
“Sending condolences, I was put in a similar situation when my dad passed away. The best advice I can give is to not rush into any decisions financially, take your time, and the money isn’t going anywhere!” shared one user.
6. Fully Exhale
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“For the first time in my adult life, I could fully exhale,” one user confirmed.
One user pointed, “THIS.”
Another user commented, “YES.”
One Redditor added, “Hell yeah, just to breathe easy is a luxury.”
7. Add It to the Rest
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One user shared, “Throw it on the pile.”
One user added, “New paint job for the jet.”
“Ya know, my old boss traded in his propeller plane for a jet and got $100,000 in tax write-offs…” a user commented.
One user commented, “I get it… sometimes it’s just super exhausting just thinking of all the money I have.”
8. Invest
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“Invest,” one user shared.
Another user replied, “All in SPY 0DTE 0.5% OTM calls.”
One user commented, “Invest half, and with the other half, live pretty much the same life, stay at my job, etc., but with complete financial security.”
Another user said, “Invest, invest, invest.”
The OP asked, “What would you invest in?”
The user answered, “The reality is 100k is just the starting point to getting anywhere financially. If you did inherit 100k like you say you did in another comment, it’s worth knowing that if you’re still young (30 or under), you have a huge head start in a secure financial future. I’ll get crap for this, but only spend up to 15% or so of the actual money you get from this. For the rest of it, you should first look to invest in a tax-advantaged account like a Roth IRA. If you max out that annual limit ($6500 for 2023), then either open up high-yield savings (if you’re in a place to buy a house soon) or put it in something simple like the S&P 500 index fund (if you can put this money away for a long time you’ll be shocked at how much it’s grown in 20 years). But most importantly, if you have any high-interest debt, pay that off first.”
9. Buy Lottery Tickets
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One user shared, “50,000 lottery tickets.”
The OP commented, “Love this, thanks for a laugh.”
Another user shared, “Laugh?”
One user commented, “And then you get $70k back if the MrBeast videos are any indication.”
10. Pay Off Mortgage
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A user shared, “Pay off my mortgage and other debts, then go back to living as normal, just with more disposable income since I won’t be making repayments anymore. It’s such a boring adult answer, but it’s accurate.”
Another user replied, ‘I agree with it; I would do the same.”
11. Save As a Safety Net
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One user shared, “Wife and I inherited around $175k. What we did was largely just keep living life, exhale finally, and catch up on some… debts we had. Used the money as a safety net to get out of construction and into something else, and now our lives are, without a shred of doubt, 100x easier than they were before.”
The OP of the thread replied, “This is my hope.”
12. Ask a Financial Advisor
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One user posted, “I’m 50F on a disability pension with high rent and living costs. It’s an unexpected windfall, and I am not financially literate. I don’t want to blow it. Yes, I am going to get a financial advisor!”
One user commented, “Go to a personal finance Reddit or something and ask how to choose a good advisor. Some are shady!”
“It’s honestly not that much these days, a down payment on a house at most. Pay off any debt, but otherwise, live as you have been. Hopefully, with a safety net for the next financial speedbump,” replied one user.
13. Trucks and Good Times
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One user freely posted, “Trucks and H–kers. It would be best if I didn’t get 100k.”
Another user replied, “That’s like 1 of each, lol”
One replied, “Each? You must have gotten a cheap truck.”
14. Government Bonds
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One user commented, “After potentially paying estate/ inheritance tax, Spend [40k] on settling debts (I don’t have much, so there’s going to be leftovers, but I will put them in government bonds as savings $. Spend [10k] on online courses and career certifications. Spend [10k] on buying stuff I’ve wanted for a while. Spend [10k] on new tech. Spend [5k] on a mini solo budget vacation to somewhere random. Keep [5k] as pocket cash. Save [20k] in a high-interest account or maybe split into government bonds, high-interest accounts, green tech stock options, etc. ( I am hesitant investing real estate because of the obvious market bubble).”
“Love this detail; much appreciated. No tax and I’m debt free. I’ll be making a list off this,” replied one user.
15. Donate
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“Help out a lot of people,” one user shared.
Another user replied, “Yes. I’ve already decided who I’m going to help and how much. Giving back is important. I couldn’t imagine not sharing my blessing with those closest to me. I also need help as I have been living on the disability pension, so I’d also like to be out of poverty if at all possible, lol.”
Do you agree with the things listed above? Comment below!
Source: Reddit.
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