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New York City, often referred to as “The City That Never Sleeps,” is a place of endless possibilities. With its towering skyscrapers, vibrant neighborhoods, and a cultural scene that rivals any other city in the world, it’s no wonder that millions of people dream of calling NYC their home. However, life in this iconic metropolis comes with its own set of challenges. So whether you’re searching for a trendy loft in Brooklyn or a cozy apartment in Manhattan, you’ve come to the right place.

In this ApartmentGuide article, we’ll explore the various pros and cons of living in New York City, helping you decide if the Big Apple is the right place for you.

Fast facts about living in NYC

  • Population: Over 8.3 million residents
  • Average rent: $5,098 per month for a one-bedroom apartment
  • Median home sale price: $815,000
  • Subway stations: 472, providing extensive public transit options
  • Public parks: More than 1,700 green spaces for recreation and relaxation
  • Languages spoken: Over 800, reflecting the city’s rich cultural diversity
  • Annual tourists: Approximately 65 million visitors each year
  • Restaurants: Over 27,000, offering a wide variety of cuisines from around the world

1. Pro: NYC is a cultural and entertainment hub

New York City is a cultural mecca, offering unparalleled access to world-class theaters, museums, and music venues. Broadway shows, the Metropolitan Museum of Art, and the New York Philharmonic are just a few examples of the endless entertainment options. The city also hosts numerous cultural festivals and street fairs, celebrating everything from film and literature to food and dance. Additionally, iconic landmarks like Times Square, Central Park, and the Statue of Liberty add to the rich tapestry of experiences available.

2. Con: The housing in NYC is extremely expensive

The real estate market in NYC is notoriously expensive, with housing costs being 408% more expensive than the national average. The average rent for a one-bedroom apartment in New York, NY is $5,098 per month. The median sale price for a home in NYC is around $815k, reflecting the high cost of ownership. While outer boroughs like Brooklyn and Queens can offer slightly more affordable options, the prices are still high compared to the national average. Renters may need to consider shared living arrangements or smaller apartments to manage costs.

3. Pro: There are lots of job opportunities

New York City is an economic powerhouse with opportunities in a wide range of industries, including finance, technology, media, and fashion. Major companies such as Goldman Sachs, Google, and NBCUniversal have a significant presence here. The diverse job market means there’s potential for career growth in nearly any field.

5 of NYC’s top employers

  • JPMorgan Chase & Co.
  • Verizon Communications Inc.
  • Citigroup Inc.
  • Pfizer Inc.
  • Mount Sinai Health System

4. Con: High cost of living

The cost of living in New York City is 128% higher than the national average, making it one of the most expensive cities in the United States. This encompasses various daily expenses beyond housing. Transportation costs are substantial, with monthly subway passes priced at around $132, and the occasional need for taxis or rideshares adding to the expense. Groceries and dining out are also more costly compared to other parts of the country, with basic items and meals often carrying a premium price tag. 

Additionally, utility bills are 5% more expensive, groceries are 15% more expensive, and healthcare is 25% more expensive than the national average. While higher salaries in New York City can help offset these expenses, many residents still find it challenging to manage their finances, save money, or afford discretionary spending.

5. Pro: Public transportation

With a transit score of 89, one of the benefits of living in NYC is its extensive public transportation system. The subway and bus networks make it possible to get around without a car, which can save money on vehicle expenses. The MTA (Metropolitan Transportation Authority) operates 24/7, covering all five boroughs, with 472 subway stations and over 300 bus routes. Monthly unlimited MetroCards provide cost-effective travel options for residents. 

Additionally, the city’s walkability and availability of bike-sharing programs like Citi Bike, which offers thousands of bikes across hundreds of stations, make commuting convenient for renters who might not own a vehicle.

6. Con: Crowded and noisy

New York City is known for its hustle and bustle. The constant activity can be intense, with crowded streets, busy public transportation, and noise that rarely stops. Finding peace and quiet can be challenging, especially in lively neighborhoods. The high population density means personal space can be limited, and the sounds of construction and traffic are common. For those who prefer a quieter environment, adjusting to the city’s vibrant energy might take some time.

7. Pro: Diverse neighborhoods

NYC is a melting pot of cultures, with each NYC neighborhood offering unique character and charm. From the historic streets of Harlem to the trendy vibes of Williamsburg, there’s a place for everyone. Explore the vibrant art scene in Chelsea, enjoy the bustling markets in Chinatown, or relax in the quaint cafes of the West Village. This diversity also means a variety of cuisines, festivals, and cultural experiences are available year-round, ensuring there’s always something new to discover.

8. Con: Weather extremes

New York experiences all four seasons, which means hot, humid summers and cold, snowy winters. While some enjoy the variety, others may find the weather extremes challenging to handle. Snowstorms can disrupt daily life, affecting transportation and causing school and work closures. Summer heat waves can be uncomfortable, leading to increased energy costs for cooling. The transition seasons, spring and fall, can also be unpredictable, with sudden changes in temperature and weather conditions.

9. Pro: Access to education and healthcare

The city boasts some of the best educational institutions in the world, including Columbia University and NYU. Additionally, New York has top-notch healthcare facilities, such as NewYork-Presbyterian and Mount Sinai. This access to quality education and healthcare is a significant advantage for residents. The abundance of specialized programs and advanced research centers attracts students and professionals from all over the globe. 

10. Con: High taxes

New York State has some of the highest taxes in the country, including income, property, and sales taxes. The combined state and city income tax can reach up to 12.7% for high earners, and the property taxes can also be quite burdensome. Additionally, the cost of living in New York City is significantly higher than the national average, which can exacerbate the financial strain caused by these high taxes. Residents often find themselves paying more for everyday expenses, such as groceries, utilities, and transportation. For businesses, the high corporate taxes and regulatory costs can be challenging, impacting overall profitability and growth.

11. Pro: Green spaces

Despite its urban nature, NYC offers numerous green spaces where residents can escape the concrete jungle. Central Park, Prospect Park, and the High Line are popular spots for relaxation and recreation. These parks provide a much-needed respite from the city’s fast pace.

Popular NYC parks:

  • Bryant Park
  • Washington Square Park
  • Riverside Park
  • Brooklyn Bridge Park
  • Flushing Meadows-Corona Park

12. Con: Competitive lifestyle

The competitive nature of NYC can be a double-edged sword. While it drives innovation and excellence, it can also lead to high-stress levels. The fast-paced lifestyle and constant pressure to succeed can be exhausting for some individuals. This environment often demands long working hours and a relentless pursuit of career advancement. Balancing work and personal life can be challenging, and the high cost of living adds to the pressure to excel.

13. Pro: Iconic landmarks

Living in New York City means having iconic landmarks like the Statue of Liberty, Times Square, and the Empire State Building at your doorstep. These sites are not only great for sightseeing but also contribute to the city’s unique character and charm.

Iconic landmarks in New York City:

  • Brooklyn Bridge
  • One World Trade Center
  • Rockefeller Center
  • Central Park
  • The Metropolitan Museum of Art

14. Pro: Rich cultural diversity

Known for its cultural mosaic of vibrant diversity, New York City is home to people from around the world, speaking hundreds of different languages. In neighborhoods like Little Italy, Chinatown, and Harlem, residents can experience a wide array of cuisines and traditions from different cultures. This blend of backgrounds creates a unique environment where diverse perspectives and traditions thrive. Cultural institutions, festivals, and parades throughout the city highlight this diversity, from the Lunar New Year celebrations in Chinatown to the Puerto Rican Day Parade and the annual Feast of San Gennaro in Little Italy.

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This month’s report shows the slowest month-to-month growth in rent in long time — precisely what the Fed doctor ordered.

Tomorrow, we have the PPI inflation report, which is critical because the components of the PPI inflation report filter into the PCE inflation data, which the Fed prefers as its primary inflation metric. They want the PCE inflation data to get toward 2%. We have to remember that shelter isn’t as impactful on the PCE inflation data, but the PCE inflation data has been having 2% handles on the 12-month data for some time now.

How low can mortgage rates go?

We’ll know more after we see the PPI inflation report tomorrow. However, as often noted, we have made significant progress on inflation with no Fed rate cuts and the 10-year yield is still above 4%. It’s critical to break the stubborn level of 4.20% on the 10-year yield if we want to see mortgage rates drop closer to 6.5%.

However, one silver lining this year that isn’t being discussed much is that the spread between the 30-year mortgage and the 10-year yield is improving. This is a good sign and something we discuss on our weekly tracker articles. If the spreads return to normal, mortgage rates would be near 6% or lower today with the 10-year yield. We will address this issue and others in the next HousingWire Daily podcast.

For now, let’s keep our eye on the prize, which is labor data. Jobless claims did come in better today. By now, we all know that the Fed is putting more weight on labor data over inflation. If inflation had driven their full mindset, we would have had cuts already. However, as they have stated, they have kept rates high because the labor market has allowed them to.

Today, let’s call it a victory as the 10-year yield has dropped and is testing that critical 4.20% level. We will see how the PPI inflation data looks tomorrow. However, today’s data should make the Fed feel better because the lagging shelter inflation data is becoming a reality. We have a lot to work with in the second half of 2024, but we are making progress in fighting inflation.

Let’s hope the Fed proves me wrong and does pivot before a job loss recession happens. Either way, making progress on inflation and the labor data getting softer is a more positive trend for mortgage rates in the future.

Source: housingwire.com

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Thinking of making the Beaver State your new home? Oregon offers residents breathtaking natural scenery, vibrant urban centers, and a flourishing tech industry, making it a top destination for movers. Whether you’re looking at homes for sale in Portland, considering renting a home in Bend, or touring apartments for rent in Eugene, here’s what you need to know before moving to Oregon.

Oregon at a glance

Oregon provides a mix of natural beauty and urban life. From the stunning Crater Lake to the lush forests of the Willamette Valley, the state is perfect for both outdoor enthusiasts and city lovers. The largest cities in Oregon, Portland, Eugene, and Salem, are bustling hubs of activity. Oregon’s economy is driven by technology, agriculture, and manufacturing, with companies like Nike, and Columbia Sportswear headquartered here.

The state’s cultural scene includes vibrant music, arts, and culinary delights, while its strong educational institutions and job market make it an attractive place to live. For those seeking affordability, cities like Gresham, Springfield, and Salem offer more budget-friendly living options. Whether exploring the Oregon Coast, hiking around Mount Hood, or visiting the Portland Saturday Market, moving to Oregon is a great consideration.

1. The national parks in Oregon are stunning

Oregon’s national parks are stunning natural treasures, offering diverse landscapes and unparalleled beauty. Crater Lake National Park showcases the deepest lake in the U.S., known for its vivid blue waters and surrounding volcanic peaks. Further north, the lush forests and cascading waterfalls of Mount Hood National Forest attract hikers and outdoor enthusiasts seeking adventure in a picturesque setting. Additionally, the rugged coastline and sea stacks of Oregon’s coastal parks, like Cape Perpetua Scenic Area, provide dramatic vistas and opportunities for coastal exploration and wildlife viewing.

Travel tip: To make the most of your visit to Crater Lake, aim to arrive before 9 am or after 4 pm to avoid waiting in long lines at the entrance stations. For further details about this stunning National Park, visit the National Park Service page.

2. Oregon has diverse climates throughout the state

Oregon’s diverse climates range from the lush, temperate rainforests of the western coast, where cities like Astoria receive over 70 inches of rain annually, to the arid high desert regions of the eastern part of the state, such as Bend, which gets less than 12 inches of rain per year. Additionally, Salem and Portland are among the rainiest cities in the U.S., contributing to the state’s reputation for varied and sometimes wet weather patterns.

The Willamette Valley, including cities like Eugene and Salem, experiences a mild, Mediterranean climate with warm, dry summers and cool, wet winters, ideal for growing wine grapes and other agriculture. In contrast, the southern part of the state, around Medford, enjoys a more temperate climate with hot, dry summers and mild, wet winters, supporting a variety of fruit orchards and vineyards.

3. There’s no sales tax in the state

Oregon is one of the few states in the U.S. that does not impose a sales tax, which can be beneficial for residents as it reduces the overall cost of goods and services. This tax policy can attract people looking to save money on everyday purchases, making it an appealing destination for those considering relocation. Additionally, the absence of sales tax can simplify financial planning and budgeting for households.

4. Oregon has amazing vineyards

Oregon’s Willamette Valley stands out globally for its stunning vineyards and production of world-class Pinot Noir wines. This is exemplified by acclaimed wineries like Domaine Serene and Archery Summit. The region’s diverse climate and fertile soil create optimal conditions for cultivating exceptional grape varietals, making it a mecca for wine enthusiasts. Additionally, the Columbia Gorge area complements this reputation with its own distinct vineyards, such as Maryhill Winery, contributing to Oregon’s acclaimed wine industry.

Travel tip: The sprawling vineyards make walking impractical, so planning your transportation ahead of time is essential when visiting the Willamette Valley for wine tasting. Uber and Lyft availability in the region can be inconsistent, so arranging a designated driver or booking a wine tour service in advance is advisable.

5. There’s people to help pump your gas

In Oregon, it’s common to find attendants at gas stations who pump your gas for you, making it a convenient service for drivers. This practice eliminates the need to leave your car, especially in bad weather or if you’re in a hurry. Additionally, the service provides an added level of safety and convenience, particularly for those who may have difficulty with self-service pumps.

6. There are plenty of unique festivals and cultural events

Oregon hosts a wide array of unique festivals and cultural events, offering something for everyone to enjoy. The renowned Oregon Shakespeare Festival in Ashland draws theater enthusiasts from around the world, featuring an extensive lineup of classic and contemporary plays performed in multiple theaters. Meanwhile, Portland’s annual Rose Festival pays homage to the city’s heritage with vibrant parades, exhilarating dragon boat races, and breathtaking floral exhibitions. 

Travel tip: For budget-conscious visitors with flexible schedules, consider purchasing discounted day-of tickets for performances at the Oregon Shakespeare Festival.

7. Oregon is very environmentally-friendly

Oregon is renowned for its strong commitment to environmental sustainability, with cities like Portland and Eugene leading the way in green initiatives. Portland, for example, has implemented extensive public transportation options such as the MAX light rail and streetcars, significantly reducing carbon emissions. Meanwhile, Eugene is recognized for its widespread use of renewable energy sources like hydroelectric power and geothermal heating, alongside innovative community recycling programs aimed at minimizing waste and promoting recycling efforts.

Discover the pros and cons of living in Oregon to gain insight into the state’s unique lifestyle.

Biking is a popular mode of transportation for residents in Oregon, especially in cities like Portland, known for its extensive network of over 400 miles of bike lanes and trails. The state’s commitment to promoting cycling is evident through its bike-friendly policies and infrastructure. This makes Portland one of the most bikeable cities in the nation. Additionally, events like Portland’s annual Pedalpalooza festival celebrate the vibrant cycling community and advocate for safer streets for all riders, further enhancing the city’s reputation as a cyclist-friendly destination.

9. Although there’s no sales tax, the income taxes are high

Oregon has one of the highest state income tax rates in the country ranging from 4.75%-9.9%, which can significantly impact residents’ take-home pay. The state’s progressive tax system means higher earners face steep rates, making it essential for potential movers to consider this in their financial planning. Despite the absence of sales tax, the high income tax rate can be a notable factor in the overall cost of living in Oregon.

The cost of living in Oregon varies widely across the state, with significant differences in housing prices. For example, in Portland, the median home sale price is around $539,500, while average rental prices hover around $1,812 per month for a two-bedroom apartment. In contrast, cities like Medford offer relatively lower housing costs, with median home prices averaging around $400,000 and rental prices averaging approximately $1,520 per month. These variations reflect regional differences in demand, amenities, and overall economic factors impacting housing markets across Oregon.

When choosing the best place to live in Oregon, it’s important to factor in considerations like affordability, amenities, and lifestyle preferences.

11. You’ll find a variety of different food throughout the state

Oregon offers a vibrant culinary scene celebrated for its diverse and farm-fresh food offerings. Cities like Portland are renowned for their bustling food cart pods, where locals and visitors can savor a variety of international cuisines. From Korean BBQ tacos to gourmet grilled cheese sandwiches, there’s plenty to try. Additionally, the state’s abundant farmlands contribute to a thriving farm-to-table movement, with restaurants across Oregon showcasing seasonal ingredients like Oregon hazelnuts, Willamette Valley wines, and fresh Pacific Northwest seafood.

Insider scoop: If you’re in Portland, be sure to visit the Barley Pod, where you’ll discover ample seating, charming string lights, and a central brewery hub.

12. The summers are hot and smoky

Summers in Oregon can be characterized by hot temperatures and occasional wildfire smoke, particularly in regions like the Willamette Valley and Central Oregon. High temperatures often reach into the 80s and 90s Fahrenheit, making it essential for residents and visitors to stay hydrated and seek shade during peak heat hours. Additionally, wildfire season, typically from late summer through early fall, can occasionally lead to reduced air quality due to smoke drifting from nearby forest fires, prompting advisories and precautions from local authorities.

13. Oregon has a beautiful coast

Oregon is renowned for its stunning coastline, which spans over 360 miles along the Pacific Ocean. The state’s rugged shoreline is dotted with picturesque sea stacks, sandy beaches, and dramatic cliffs, offering breathtaking vistas and opportunities for outdoor recreation such as hiking, whale watching, and beachcombing. Popular coastal destinations like Cannon Beach with its iconic Haystack Rock and the quaint town of Newport with its historic bayfront further highlight Oregon’s natural coastal beauty.

Fun fact: Cannon Beach is home to a surprisingly large population of bunnies. If you choose to camp at one of the nearby campgrounds, you can expect to encounter these adorable furry residents.

14. Mount Hood is an hour away from Portland

Oregon is home to majestic Mount Hood, a prominent landmark and popular outdoor destination for residents and visitors alike. Standing at over 11,200 feet, Mount Hood offers year-round recreational opportunities such as skiing, snowboarding, hiking, and camping. Its proximity to Portland, just about 60 miles away, makes it a convenient escape into nature, showcasing Oregon’s diverse landscapes and outdoor lifestyle that attracts outdoor enthusiasts and adventurers.

Methodology

Population data sourced from the United States Census Bureau, while median home sale prices, average monthly rent, and data on affordable and largest cities are sourced from Redfin.

Source: rent.com

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From its iconic Atlantic City Boardwalk to its deep-rooted musical heritage with legends like Bruce Springsteen, New Jersey offers a wide array of experiences. Whether you’re exploring the natural beauty of the Pine Barrens, tasting the delicious Jersey tomatoes, or walking the historic grounds of Princeton University, there is always something fascinating to discover. What else is New Jersey known for? Whether you’re considering renting a home in Newark, looking to settle into an apartment in Princeton, or just planning a visit, you’ll soon find that New Jersey has much more to offer than meets the eye. In this article, we’ll explore what makes New Jersey unique and why so many are proud to call it home. Let’s dive in.

1. Atlantic City Boardwalk

Built in 1870, the historic Atlantic City Boardwalk was the first boardwalk in the United States. This iconic stretch offers a variety of attractions, including casinos, restaurants, and entertainment venues like the historic Steel Pier. For example, people enjoy strolling along the Boardwalk, indulging in saltwater taffy, and trying their luck at the numerous casinos. Additionally, the Boardwalk hosts events like the annual Atlantic City Airshow, drawing large crowds for its spectacular performances.

2. Childhood home of Bruce Springsteen

New Jersey is the proud home of rock legend Bruce Springsteen, affectionately known as “The Boss.” Springsteen was born in Long Branch and grew up in Freehold, with his music often reflecting the working-class roots of the state. Fans can visit landmarks like the Stone Pony in Asbury Park, where Springsteen frequently performed early in his career. New Jerseyans take great pride in Springsteen’s global success and his close connection to his home state.

3. Liberty State Park

Liberty State Park in Jersey City offers stunning views of the Statue of Liberty and Ellis Island. This 1,200-acre park contains open green spaces, picnic areas, and the Liberty Science Center, featuring interactive exhibits and a planetarium. Additionally, the park serves as a departure point for ferry rides to the Statue of Liberty and Ellis Island. With panoramic views of the Manhattan skyline, the park is popular spot for photography and outdoor activities.

4. Jersey tomatoes

New Jersey is renowned for its delicious Jersey tomatoes, celebrated for their rich flavor and vibrant color. These tomatoes are a staple in local cuisine, often featured in dishes like the classic Jersey tomato salad with fresh basil and mozzarella. Farmers’ markets across the state sell these prized tomatoes, drawing food enthusiasts eager for a taste. Furthermore, the annual New Jersey Tomato Festival in Hammonton highlights this beloved produce with tastings, contests, and recipes.

5. The Pine Barrens

Covering over a million acres, the Pine Barrens is a vast forested area and unique natural landmark in New Jersey. This region is known for its distinctive ecology, including rare plant species and diverse wildlife. Outdoor enthusiasts enjoy activities like hiking, kayaking, and birdwatching in this relaxing setting. Additionally, the Pine Barrens have a rich folklore, including tales of the legendary Jersey Devil.

Fun facts New Jersey is famous for

  • The Birthplace of FM radio: FM radio was invented in New Jersey by Edwin Howard Armstrong. His first successful FM transmission took place in Alpine, NJ in 1933, revolutionizing how we listen to music and news.
  • Diner capital of the world: New Jersey is known as the “Diner Capital of the World” with more diners than any other state.
  • Highest population density: New Jersey is the most densely populated state in the U.S., with more people per square mile than any other state.

6. The Princeton University

Princeton University is one of the oldest and most prestigious universities in the United States. Founded in 1746, this Ivy League institution is prized for its academic excellence and beautiful campus. Visitors can tour the historic Nassau Hall, the university’s oldest building, and the Princeton University Art Museum, which houses an impressive collection of artworks. Moreover, the charming town of Princeton offers boutique shops, cozy cafes, and a dynamic cultural scene.

7. The Jersey Shore

The Jersey Shore stretches over 130 miles of coastline and is loved for its sandy beaches, lively boardwalks, and fun attractions. Towns like Asbury Park, Point Pleasant, and Wildwood offer a mix of beach activities, amusement parks, and lively nightlife. Furthermore, Cape May, with its Victorian architecture and quaint charm, is a popular destination for those seeking a more relaxed atmosphere. The shore also hosts numerous events and festivals, such as the annual Seafood Festival in Belmar.

8. The Battle of Trenton

The Battle of Trenton was a pivotal moment in the American Revolutionary War, taking place in Trenton on December 26, 1776. General George Washington’s daring crossing of the Delaware River and surprise attack on Hessian forces marked a significant victory for the Continental Army. Sightseers can explore the Trenton Battle Monument and the Old Barracks Museum to learn about this historic event. Furthermore, you can attend the annual reenactment of Washington’s crossing to experience a vivid portrayal of this famous battle.

9. The Meadowlands Sports Complex

The Meadowlands Sports Complex in East Rutherford is a major hub for sports and entertainment in New Jersey. This complex includes MetLife Stadium, home to the NFL’s New York Giants and New York Jets, and the Meadowlands Racetrack, which hosts harness racing events. Additionally, the nearby American Dream Mall offers a unique shopping and entertainment experience with its indoor ski slope, water park, and numerous retail stores.

10. Thomas Edison National Historical Park

Thomas Edison National Historical Park in West Orange preserves the home and laboratory of one of America’s greatest inventors. Visitors can tour Edison’s 29-room Victorian mansion, Glenmont, and his innovative laboratory complex where he developed groundbreaking inventions like the phonograph and electric light bulb. Moreover, the park offers educational programs and interactive exhibits that showcase Edison’s contributions to modern technology.

11. Hoboken’s music scene

Hoboken prides itself on its music scene, famously known as the birthplace of Frank Sinatra. The city’s live music venues, like Maxwell’s Tavern, have hosted numerous iconic performances and continue to support emerging artists. Moreover, Hoboken’s proximity to New York City adds to its dynamic cultural atmosphere, making it a hotspot for music lovers. If you’d like to experience the music scene for yourself, annual events such as the Hoboken Arts and Music Festival celebrate local musical talent and showcases the area’s strong community spirit.

Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.

Source: rent.com

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As a type of alternative investment, real estate can add diversification to a portfolio and act as a hedge against inflation. Real estate investment trusts (REITs) and real estate crowdfunding offer two unique entry points to this alternative asset class.

Both allow you to invest in real estate without being required to own property directly. Comparing the pros and cons of real estate crowdfunding vs. REIT investing can help you decide which one makes the most sense for your portfolio.

Understanding Real Estate Investment Trusts (REITs)

Real estate investment trusts are legal entities that own or finance income-producing properties or invest in mortgage-backed securities. The types of properties a REIT may invest in can include:

•   Hotels and resorts

•   Office space

•   Warehouses

•   Storage space

•   Multifamily apartment buildings

•   Data centers

•   Medical facilities

•   Retail shopping centers

•   Single-family homes

The primary attraction of REITs is the ability to enjoy the benefits of property investment — namely, dividend income — without purchasing real estate directly.

REITs are also considered a type of alternative investment. As with many alternative investments, real estate-based assets don’t tend to move in sync with the stock market. For this reason, investing in REITs may provide portfolio diversification.

REITs may be publicly traded, meaning they trade on an exchange like a stock. REITs must pay out 90% of their taxable income to shareholders as dividends, though some may pay as much as 100%.

If you compare REITs vs. real estate mutual funds, dividends aren’t always required with the latter. Real estate mutual funds can invest in REITs, mortgage-backed securities, or individual properties. While you may have access to a broader range of properties, you may enjoy less liquidity with real estate funds.

Recommended: SoFi’s Alt Investment Guide for Beginners

Alternative investments,
now for the rest of us.

Start trading funds that include commodities, private credit, real estate, venture capital, and more.

💡 Quick Tip: While investing directly in alternative assets often requires high minimum amounts, investing in alts through a mutual fund or ETF generally involves a low minimum requirement, making them accessible to retail investors.

Overview of Real Estate Crowdfunding

What is real estate crowdfunding? It’s a strategy that allows multiple investors to pool funds for property investment. In return, investors share in the profits generated by the investments. Regulation crowdfunding makes real estate crowdfunding possible, as entities can raise capital from investors without registering with the SEC, as long as they offer or sell less than $5 million in securities.

In terms of how it works, real estate crowdfunding platforms seek out investment opportunities and fully vet them before making them available to investors. Individual investors can then choose which properties they’d like to invest in.

Depending on the nature of the investment, you may collect interest payments, rental income, or dividends. Real estate crowdfunding can offer access to a variety of property types, including:

•   Multifamily housing

•   Industrial space

•   Build-for-rent projects

The minimum investment varies by platform — it is commonly upwards of $5,000, but may be $500 or even lower in some cases. Some real estate crowdfunding platforms require investors to be accredited, meaning they must:

•   have an income exceeding $200,000 (or $300,000 with a spouse or spousal equivalent) in each of the two prior years, with an expectation of the same income for the current year, OR

•   have a net worth exceeding $1 million, alone or with a spouse/spousal equivalent, excluding the value of their primary residence, OR

•   hold a Series 7, Series 65, or Series 82 license in good standing

Comparing REITs and Real Estate Crowdfunding

When choosing between a REIT vs. crowdfunding, it’s helpful to understand each option’s potential advantages and disadvantages.

Pros and Cons of REITs

Here are the main benefits of investing in REITs vs. crowdfunding.

•   Risk management. Alternative investments like real estate may help you balance risk in your portfolio. REITs and real estate in general have a lower correlation with the stock market.

•   Accessibility. Purchasing an actual investment property usually requires getting a loan and raising capital for down payments and closing costs. REITs can offer a much lower barrier to entry for investors.

•   Dividends. REITs must pay dividends to investors, which may be attractive if you want to generate passive income with investments.

•   Liquidity. Publicly traded REITs offer liquidity since you can buy and sell shares as needed, similar to a stock.

•   Returns. REITs can potentially generate significant returns in a portfolio compared to stocks or other investments.

Now, here are some of the drawbacks of REIT investing.

•   Fees. You’ll typically pay management fees to invest in REITs, as with any investment, but some may charge more than others. Paying attention to investment costs is key, as the more fees you pay, the less of your investment returns you keep.

•   Overweighting. You can choose which REITs to invest in, but you don’t have a say in the underlying properties. Investing in REITs that own similar properties could overweight your portfolio in a single sector (e.g., malls or office buildings) and thus increase your risk profile.

•   Interest rate risk. Changing interest rates can affect the value of REITs, which can influence the yield you might get. When rates rise, REIT values can decline, requiring you to adjust your expectations for a profit.

•   Taxes. REIT dividends are typically taxed as ordinary income, up to 37% (plus a 3.8% investment surtax). But investors may also see a short- or long-term profit from the REIT, which would be taxed as capital gains. There is also the potential for return on capital, which can be complicated. It may be wise to consult a professional.

Pros and Cons of Real Estate Crowdfunding

Here are the main pros of crowdfunding real estate investments.

•   Diversification. As with REITs, real estate crowdfunding allows you to diversify beyond traditional stocks and bonds.

•   Low minimums. Some, though not all, real estate crowdfunding platforms allow you to get started with as little as a few hundred dollars. That can make entering this alternative asset class or spreading your investment dollars out over multiple property types easier.

•   Geographic diversification. Real estate crowdfunding platforms can offer investors exposure to markets across the country. That can make it easier to target a specific region if you’re looking for the next “hot” market.

•   Returns. Crowdfunded real estate may generate above-average returns, or exceed the returns you could get with REITs.

•   Passive income. Owning a rental property can be time-intensive if you’re managing the property yourself. Real estate crowdfunding allows you to reap the benefits of rental income, without the typical headaches that go along with being a property owner.

And now, here are the cons.

•   Fees. Just like REITs, real estate crowdfunding platforms can charge fees. Fee structures can sometimes be complex, making it difficult to assess what you’ll pay to invest.

•   Illiquidity. Liquidity in the stock market is one thing, but when it comes to real estate crowdfunding, it’s an even bigger consideration owing to the length of time your capital may be locked into an investment. Once you invest in a property, you’re essentially committed to owning it for the duration of the holding period. It’s not unusual for real estate crowdfunding platforms to offer investments with holding periods of five years or more, making them highly illiquid.

•   Accreditation requirements. Some crowdfunding platforms only accept accredited investors. If you don’t meet the standards, you won’t be able to invest through those platforms.

•   Taxes. Income from crowdfunded real estate investments is taxable, though not always in the same way. You may be subject to different tax rates based on how dividends and interest are paid out to you. You may want to consult with a professional.

Which Investment Strategy Is Riskier?

It’s difficult to pinpoint which is riskier when comparing a REIT vs. real estate crowdfunding, as each one has different risk factors.

With REITs, the biggest risks may include:

•   Liquidity risk, which could make it difficult to sell your shares if you’re ready to leave an investment.

•   Changing market conditions or rising and falling trends, either of which could directly impact real estate values.

•   Interest rate sensitivity, which can influence REIT values.

The main real estate crowdfunding risks may include:

•   Platform risk, or the risk that the marketplace you’re using to invest could shut down before you’re able to withdraw your capital.

•   Poor vetting, which may allow unsuitable investments to make it onto the platform.

•   Changing regulations, which may affect the real estate crowdfunding space as a whole.

Whether you choose a REIT vs. crowdfunding, lack of education or understanding is also a risk factor. If you don’t understand the basics of how either type of investment vehicle works, you could be putting yourself in a position to lose money.

Due Diligence Considerations

REITs and real estate crowdfunding platforms should perform due diligence in vetting investments to make sure they’re suitable. However, it’s wise to do your own research to understand what you’re investing in, who you’re investing with, and the potential risks.

As you compare REITs or real estate crowdfunding platforms, keep the following in mind:

•   Minimum requirements to start investing, including accredited investor status

•   Range of investment options

•   Transparency concerning fees and investment selection

•   Holding periods

•   Performance track record

•   Overall reputation

Talking to other investors who have used a particular crowdfunding platform or invested in a certain REIT can offer perspective on the good and bad.

The Takeaway

Real estate can be an addition to your portfolio if you already have some experience in the market, and have an affinity for real estate. As a type of alternative asset class, investing in real estate can add diversification to your portfolio, and potentially act as a hedge against inflation. Both REITs and real estate crowdfunding enable you to invest in real estate without the hassle of actual property ownership and maintenance, but come with different risk factors than you’d find with traditional securities.

Ready to expand your portfolio’s growth potential? Alternative investments, traditionally available to high-net-worth individuals, are accessible to everyday investors on SoFi’s easy-to-use platform. Investments in commodities, real estate, venture capital, and more are now within reach. Alternative investments can be high risk, so it’s important to consider your portfolio goals and risk tolerance to determine if they’re right for you.

Invest in alts to take your portfolio beyond stocks and bonds.

FAQ

What are the main advantages and disadvantages of investing in REITs?

Investing in REITs can offer the benefits of dividend income and portfolio diversification, without requiring you to own property directly. The disadvantages of REITs can include interest rate risk and market risk, both of which can affect the value of your investments.

How does real estate crowdfunding differ from traditional REIT investments?

Real estate crowdfunding allows investors to pool funds together to invest in property and collect interest, dividends, and/or rental income. REITs own and operate investment properties and pay dividends to investors. REITs and real estate crowdfunding can differ concerning the types of properties you can invest in, the minimum investment required, and the fees you’ll pay.

How are taxes treated for REITs and real estate crowdfunding?

REIT dividends are primarily treated as ordinary income for tax purposes (although you may face capital gains on any profits). Real estate crowdfunding returns may be subject to capital gains tax and/or ordinary income tax rates, depending on how they’re structured. Because the tax treatment of these two entities can be complicated, it’s probably wise to consult a professional.

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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.

An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. This and other important information are contained in the Fund’s prospectus. For a current prospectus, please click the Prospectus link on the Fund’s respective page. The prospectus should be read carefully prior to investing.
Alternative investments, including funds that invest in alternative investments, are risky and may not be suitable for all investors. Alternative investments often employ leveraging and other speculative practices that increase an investor’s risk of loss to include complete loss of investment, often charge high fees, and can be highly illiquid and volatile. Alternative investments may lack diversification, involve complex tax structures and have delays in reporting important tax information. Registered and unregistered alternative investments are not subject to the same regulatory requirements as mutual funds.
Please note that Interval Funds are illiquid instruments, hence the ability to trade on your timeline may be restricted. Investors should review the fee schedule for Interval Funds via the prospectus.


Investment Risk: Diversification can help reduce some investment risk. It cannot guarantee profit, or fully protect in a down market.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website or by email customer service at [email protected]. Please read the prospectus carefully prior to investing.

Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.

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.

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.
SOIN-Q224-1900951-V1

Source: sofi.com

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Ignoring student loans can damage your credit score, lead to wage garnishment, and accrue interest and fees. It may also result in legal action, tax refund offsets, and impact co-signers, making it crucial to address repayment issues promptly with your loan servicer.

Student loan debt in the United States stands at $1.727 trillion as of 2023. The repayment process may seem overwhelming if you’re among the more than 43 million borrowers with outstanding student loan debt. When the bills start piling up, you may ask yourself, “What happens if I don’t pay my student loans?” Here, we’ll take a closer look at student loans and what happens if you ignore them. 

What Happens If I Don’t Pay My Student Loans?

Technically, failure to make just one student loan payment could put you in default. However, the default period for federal student loans is generally 270 days, while the default period for private student loans depends on the terms of the loans. 

Once you default on your loan, lenders can take steps to recover these funds. It’s essential to understand what could happen if your student loan debt goes into default. 

Consequences of Not Paying Student Loans

If you’re struggling to meet all your financial obligations, you might consider not paying your student loans. However, ignoring this debt tends to lead to even more trouble. Below are several consequences you could face for not paying your student loans. 

Drop in Credit Score

Depending on the student loan type, missing just one payment could damage your credit. Because payment history accounts for up to 35% of your overall FICO® credit score, having just one missed or late payment often hurts your credit. Unfortunately, these missed payments remain on your credit report for up to seven years. 

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Poor credit might impact your ability to purchase a car or a home, rent an apartment, or even land your dream job. It’s important to take action before you miss a payment. 

Fall Deeper Into Debt

Ignoring your student loan debt won’t make it go away. In fact, it will only make matters worse. Failing to make your monthly payments only prolongs the time it takes to pay off your debt, and your loan continues to accrue interest during this time. The longer it takes to pay off your student loans, the more you’ll end up paying in interest. 

Wage Garnishment

If you have federal student loans, it’s important to realize that the government has power to collect this money if you fail to pay. One of these powers is wage garnishment—the federal government can garnish up to 15% of your disposable income. This can be a huge hit to your budget and should be avoided if possible. 

Loss of Tax Refund

Are you expecting a tax refund this year? If you default on your federal student loan, there’s a good chance you’ll lose it. Once in default, the federal government has the power to take all or a portion of your tax return until the amount due is paid. 

Damage Cosigner’s Credit

You may not be the only one impacted by ignoring student loan debt. If a cosigner helped you get one or more of your student loans, they can be impacted by late loan payments. It’s critical to speak to your cosigner when you realize you may not have the funds to pay your student loans. 

Go to Court

While the government doesn’t have to take you to court to collect federal student loan payments, private lenders do. Depending on the terms of your loan, you could be in default after missing just one payment. Private lenders can sue you to collect payments. If you’re sued, you may need to find an attorney who works with student loan debt cases to help you through the court process. 

Debt Doesn’t Go Away

Student loan debt doesn’t disappear just because you ignore it. Instead, it could haunt you for the rest of your life. There’s no statute of limitations for collecting federal loans. 

On the other hand, private lenders must adhere to state statutes of limitations. While this may limit the time they have to sue you in court, it doesn’t stop them from trying to collect this debt. This means debt collectors could hound you for the rest of your life.

What to Do If You Can’t Afford to Pay

If you simply don’t have funds to pay your student loans, the last thing you want to do is ignore the problem. There are several steps you can take to avoid making this situation worse. 

Check Your Credit

Before you take any action regarding your student loans, take the time to check your credit report. Credit.com’s Free Credit Report Card can help you see what debt is already impacting your credit health. 

Check the National Student Loan Database

If you have federal loans, you can use the National Student Loan Database to check the status of your loans. This database provides information about your payments and total debt amounts. 

Switch or Update Your Repayment Plan

If you have federal student loans and you’re struggling to keep up with your current repayment plan, you may be able to change it. Start by contacting StudentLoans.gov and explaining your situation. They can help you switch or update your repayment plan to make the payments more affordable. 

Contact Your Lenders

If you have private loans and are struggling to make your monthly payments, start by contacting the lender directly. If your situation is temporary, such as a loss of employment or medical condition, you can request a deferment of your payments. This step essentially pauses your payments for a set period, such as six months, to give you time to deal with your situation. 

Consider Debt Consolidation

Making monthly payments on multiple student loans can be extremely difficult. If you’re in this situation, it may be time to consider debt consolidation. This strategy allows you to combine all your student loans into one. Rather than having several monthly payments to make, you’ll just have one.

Talk to an Attorney

If you simply can’t afford to pay your private student loans, bankruptcy is another alternative. However, filing for bankruptcy can negatively impact your credit for up to 10 years. You should only consider this step after trying all other methods. 

Apply for Student Loan Forgiveness

Check your student loan forgiveness options if you haven’t done so already. Depending on your specific situation, you may qualify for student loan forgiveness, discharge, or cancellation of debt. 

Be Proactive About Your Credit

Now that you know about the potential negative consequences of not paying your student loans, you know how important it is to be proactive about them. Start by checking your Free Credit Score with Credit.com to see how where you stand and how your student loans could impact your credit. 

Source: credit.com

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From the bluesy rhythms of the Delta to the scenic landscapes of the Natchez Trace Parkway, Mississippi is a beautiful state with so much to discover. But what else is Mississippi known for? Whether you’re considering renting a home in Jackson, looking to settle into an apartment in Oxford, or just planning a visit, you’ll soon find that Mississippi has much more to offer than meets the eye. In this article, we’ll dive into what makes Mississippi truly special and why so many people are drawn to the Magnolia State. Let’s get started.

1. Birthplace of the blues

Mississippi is famously known as the birthplace of the blues, a genre that has deeply influenced American music. Towns like Clarksdale and Indianola celebrate this musical heritage with landmarks like the Delta Blues Museum and the B.B. King Museum. Music lovers flock to the state to experience the Mississippi Blues Trail, which highlights significant sites related to blues legends.

2. Natchez Trace Parkway

The Natchez Trace Parkway is a scenic drive that stretches over 444 miles from Natchez, MS, to Nashville, TN. This historic route follows a path used by Native Americans, European settlers, and traders. Travelers enjoy stunning views, hiking trails, and historical landmarks along the way, such as the Emerald Mound and Mount Locust Inn. The parkway is perfect for road trips, offering numerous opportunities for outdoor activities and picturesque stops.

3. The University of Mississippi

The University of Mississippi, commonly known as Ole Miss, is a prominent educational institution in the south. The campus renowned for its beautiful architecture and lively student life. The university’s Grove, a central gathering spot, is famous for its tailgating parties during football season, attracting thousands of fans.

4. Mississippi Delta tamales

Mississippi Delta tamales are a culinary delight unique to the region, blending Mexican and Southern influences. These tamales are typically smaller and spicier than their traditional counterparts, wrapped in corn husks and slow-cooked. Greenville is renowned for its tamale scene, hosting the annual Delta Hot Tamale Festival, where locals and visitors indulge in various tamale creations. To try this dish yourself, restaurants like Doe’s Eat Place and Solly’s Hot Tamales are famous for their mouthwatering tamales.

5. Elvis Presley’s birthplace

Tupelo is the birthplace of Elvis Presley, the King of Rock ‘n’ Roll. The modest two-room house where he was born is now a museum that offers an intimate look into his early life. The Elvis Presley Birthplace complex includes a museum, chapel, and a park with a statue of young Elvis. Fans from around the world visit to pay homage and learn about his humble beginnings. Tupelo celebrates Elvis’s legacy with events like the Tupelo Elvis Festival, featuring concerts, contests, and exhibitions.

Fun facts Mississippi is famous for

  • Home to the first lung transplant: The world’s first human lung transplant was performed at the University of Mississippi Medical Center in Jackson in 1963 by Dr. James Hardy.
  • Largest man-made beach: Mississippi’s Gulf Coast possesses the longest man-made beach in the world. Stretching for 26 miles, it offers pristine white sand beaches along the shores of the Gulf of Mexico.
  • World catfish capital: Belzoni is considered the “Catfish Capital of the World” due to its significant catfish farming industry. The town hosts an annual World Catfish Festival celebrating this local delicacy with food, music, and activities.

6. The Mississippi River

The Mississippi River is one of the longest rivers in the world. It flows through the heart of Mississippi – shaping its geography and culture for centuries. Cities like Natchez and Vicksburg offer stunning views of the river and numerous riverfront activities to enjoy. Riverboat cruises provide a nostalgic way to experience the river, complete with historical narratives and scenic vistas. Additionally, The Great River Road runs alongside the river and is a popular route for road trips, featuring charming small towns and natural beauty.

7. Biloxi’s Gulf Coast

Biloxi’s Gulf Coast is loved for its beautiful beaches, seafood, and dynamic nightlife. The coast is dotted with luxurious casinos like the Beau Rivage and Hard Rock, offering gaming, entertainment, and fine dining. Patrons enjoy activities such as deep-sea fishing, boating, and exploring the Biloxi Lighthouse, one of the oldest in the region. The area also hosts the annual Biloxi Seafood Festival, celebrating the local culinary tradition with fresh seafood dishes and live music. Biloxi’s Gulf Coast blends relaxation and urban excitement, making it a favorite destination.

8. Rowan Oak

Located in Oxford, Rowan Oak is the historic home of famed author William Faulkner. Faulkner wrote many of his classic works, including “The Sound and the Fury” and “As I Lay Dying,” in this Greek Revival house. The estate is now a museum open to the public, offering tours that explore Faulkner’s life and literary legacy. The surrounding grounds feature walking trails and gardens, providing a peaceful retreat for those who visit.

9. The Mississippi Petrified Forest

The Mississippi Petrified Forest near Flora is a fascinating natural landmark featuring ancient trees turned to stone over millions of years. Sightseers can walk along a nature trail that winds through the forest, with interpretive signs explaining the geological processes that created the petrified wood. The on-site museum showcases impressive specimens and offers educational exhibits about the area’s prehistoric past. The forest also provides picnic areas and interactive gem mining activities.

10. Jackson Zoo

The Jackson Zoo is home to over 200 species of animals from around the world. The zoo’s exhibits include the African Savannah, the Asian Garden, and the Mississippi Wilderness, each providing an immersive experience into the habitats of the animals. You can also enjoy interactive experiences such as the petting zoo, train rides, and educational programs. Special events like ZooBrew and Boo at the Zoo add a festive atmosphere during holiday seasons.

11. Tunica casinos

Tunica has transformed into a major gaming destination, second only to Las Vegas and Atlantic City. The area contains numerous casinos, including the Gold Strike, Horseshoe, and Hollywood, offering a wide range of gaming options, entertainment, and dining experiences. Tourists enjoy live shows, concerts, and luxurious accommodations, making Tunica a popular getaway for those seeking excitement and relaxation.

Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.

Source: rent.com

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Teachers often find themselves with extra time during the summer break, making it the perfect opportunity to earn some extra money! If you’re looking to boost your income, there are plenty of side hustles that can fit seamlessly into your summer schedule. From tutoring to freelance work, these easy summer side hustles can help teachers make the most of their time off while supplementing their income. Let’s explore some of the best options to keep you busy and financially secure this summer.

Resell your Curriculum

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Teachers can make extra money by selling their lesson plans and study guides. Platforms like “Teachers Pay Teachers” and Etsy let you sell your materials to other educators. You might as well make money on lessons that work well in your own classroom!

Sell Printables

Image Credit: Dean Drobot.

Create and sell printables like habit trackers, meal planners, and chore charts. Use tools like Canva to design the printables and sell them on Etsy for extra cash.

To learn more: Digital Products to Sell on Etsy: Best Way to Make Money Online Fast

Rent Out Baby Gear

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Make money by renting out baby gear to parents and tourists. Use BabyQuip to list your items and help families while earning extra income.

Trade Stocks and Options

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Earn money by buying and selling stocks. It requires discipline and patience, but with learning and practice, it can be a profitable side hustle.

To learn more: How Fast Can you Make Money in Stocks? The Real Answer

Be the Party Planner

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Use your organizing skills to plan parties and events. From birthdays to weddings, help people celebrate while making extra money. Use your social skills to shine!

Get Paid to Housesit

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Housesitting is a great way to earn extra cash. Take care of homes and pets while homeowners are away. Platforms like HouseSitter.com can help you find gigs. Maybe even travel to a new destination and experience the culture!

To learn more: Get Paid to House Sit and Find Lucrative Housesitting Gigs Easily

Become a Referee or Umpire for Sports

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Combine your love for sports with extra income by becoming a referee or umpire. It’s a flexible job that fits well with a teacher’s schedule. There is a shortage of referees, so there are plenty of opportunities.

Start Tutoring

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Offer private tutoring services to help students with their schoolwork. You can tutor in person or online. This is probably the most logical side hustle for most teachers.

Dog Walking or Pet Sitting

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If you love animals, consider dog walking or pet sitting. Use platforms like Rover to find clients and make extra money while spending time with pets.

Be a Babysitter, Nanny, or Caretaker

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Earn money by babysitting or providing childcare. Parents need reliable and caring individuals to look after their children, making it a great side hustle for teachers. Great side hustle as children are off when the teachers are!

Find More Side Hustles Ideas for Teachers

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Teachers can explore these 50 side hustles to make extra money. From online opportunities to hands-on jobs, find the perfect fit to boost your income.

Find more ideas: 50 Best Side Hustles for Teachers to Make Extra Money

Know someone else that needs this, too? Then, please share!!

Did the post resonate with you?

More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!

Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.

Source: moneybliss.org

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Massachusetts is home to many historic landmarks, esteemed universities, and scenic coastlines. From the cobblestone streets of Boston, where American independence was first forged, to the intellectual hub of Cambridge, home to prestigious universities like Harvard and MIT, Massachusetts is a place where the past and future coexist. But what else is Massachusetts known for? Whether you’re considering renting a home in Greenfield, looking to settle into an apartment in Cambridge, or just planning a visit, you’ll find that Massachusetts has much more to offer than meets the eye. In this article, we’ll dive into what makes this state special and why so many are drawn to the area. Let’s get started.

1. Freedom Trail

The Freedom Trail in Boston is a must-see for history enthusiasts. The 2.5-mile-long path takes visitors through 16 historically significant sites, including the Massachusetts State House, Paul Revere’s House, and the Old North Church. Tourists enjoy guided tours that bring the past to life, complete with tales of famous patriots and pivotal events. The Freedom Trail provides an engaging way to explore Boston’s rich history and heritage.

2. Harvard University

Harvard University is located in Cambridge and is one of the most prestigious universities in the world. Founded in 1636, it’s the oldest institution of higher education in the United States. While visiting, you can take guided tours of the historic campus, including iconic buildings like Harvard Yard and the Widener Library. The university’s museums, such as the Harvard Art Museums and the Museum of Natural History, offer additional cultural and educational experiences.

3. Fenway Park

Fenway Park, home of the Boston Red Sox, is a legendary baseball stadium. Opened in 1912, it’s the oldest Major League Baseball stadium still in use. Fans love the park’s unique features, such as the Green Monster, a towering left-field wall. Attending a game at Fenway Park is a cherished tradition among locals, allowing them the chance to see baseball history in action. The stadium also hosts tours that allow visitors to explore its storied past and iconic architecture.

4. Clam Chowder

Massachusetts is famous for its New England Clam Chowder, a creamy soup that has become a culinary staple in the state. The dish features tender clams, potatoes, onions, and celery, all simmered in a rich, creamy broth, often paired with oyster crackers. Restaurants across the state, such as the Union Oyster House in Boston, serve up some of the best clam chowder. If you’re in Massachusetts, you can’t miss the opportunity to try this delicious dish.

5. The Berkshires

The Berkshires in western Massachusetts offer a scenic escape with rolling hills, lush forests, and charming towns. This region is known for its cultural attractions, including Tanglewood, the summer home of the Boston Symphony Orchestra. The Berkshires also host renowned art institutions like the Norman Rockwell Museum and the Massachusetts Museum of Contemporary Art. Looking to enjoy the outdoors? People can enjoy outdoor activities like hiking, skiing, and kayaking in the area, making it a year-round destination.

6. Martha’s Vineyard

Martha’s Vineyard, an island off the coast of Massachusetts, is a popular summer destination known for its picturesque landscapes and coastal towns. Visitors can explore quaint villages like Edgartown and Oak Bluffs, famous for their gingerbread cottages and historic lighthouses. The island offers beautiful beaches, scenic bike trails, and exceptional seafood restaurants. Martha’s Vineyard also hosts annual events such as the Martha’s Vineyard Film Festival, drawing celebrities and film enthusiasts from around the country.

Fun facts Massachusetts is famous for

  • The birthplace of basketball: The sport of basketball was invented by James Naismith in Springfield, MA in 1891.
  • Boston Tea Party: One of the most famous events leading up to the American Revolution, the Boston Tea Party, took place in Boston Harbor in 1773.
  • First public park: Established in 1634, Boston Common is the oldest city park in the United States.

7. Plymouth

Plymouth, often called “America’s Hometown,” is a historic coastal town where the Pilgrims first settled in 1620. Explore the iconic Plymouth Rock, where the Mayflower Pilgrims are believed to have landed, and tour the Mayflower II, a full-scale replica of the original ship. The town also features the Pilgrim Hall Museum, which houses an extensive collection of Pilgrim artifacts and exhibits. Plymouth’s scenic waterfront offers charming shops, restaurants, and scenic boat tours.

8. The Boston Marathon

Held annually on Patriots’ Day in April, the Boston Marathon is one of the world’s oldest and most prestigious marathons. Runners from all over the globe participate in this challenging race, which spans 26.2 miles from Hopkinton to Boston. Spectators line the route, especially at famous spots like Heartbreak Hill and the finish line on Boylston Street. The event embodies the spirit of endurance and community, attracting both elite athletes and amateur runners.

9.The Basketball Hall of Fame

The Naismith Memorial Basketball Hall of Fame in Springfield is a shrine to the history of basketball and its greatest players, coaches, and contributors. The museum features interactive exhibits, memorabilia, and a full-sized basketball court where patrons can shoot hoops. Fans can also explore the careers of legends like Michael Jordan, Larry Bird, and Kareem Abdul-Jabbar through extensive displays and multimedia presentations.

10. The Cape Cod National Seashore

Established by President John F. Kennedy in 1961, the Cape Cod National Seashore encompasses 40 miles of pristine beaches, dunes, and marshes along the Atlantic Ocean. Here, you can enjoy a variety of outdoor activities, including swimming, hiking, and birdwatching. The seashore is also home to historic lighthouses, such as the Nauset Light, and scenic trails like the Great Island Trail.

11. The Big E

The Big E, also known as the Eastern States Exposition, is the largest agricultural event on the East Coast and takes place annually in West Springfield. This multi-state fair features everything from livestock competitions and agricultural displays to thrilling rides and concerts. Locals enjoy a wide variety of food vendors, showcasing regional specialties and fair favorites. The Big E draws huge crowds, making it a highlight of the fall season in New England.

12. Old Sturbridge Village

Old Sturbridge Village in Sturbridge is a living history museum that recreates rural New England life in the early 19th century. The village features more than 40 historic buildings, including homes, workshops, and a schoolhouse, all staffed by costumed interpreters. Visitors can watch blacksmithing demonstrations, participate in farm activities, and learn about early American crafts and trades. Seasonal events and reenactments bring the past to life, making Old Sturbridge Village an educational and entertaining destination for people of all ages.

Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.

Source: rent.com