The defaults have already resulted in losses for some investors. In one high-profile case, debt holders of a AAA-rated building in midtown Manhattan lost over 25% of their original investment after selling the bonds at a significant discount – the first loss of its kind since the 2008 financial crisis. The situation could worsen as … [Read more…]
Welcome to the vibrant city of Oakland, where the rich cultural diversity and stunning natural beauty come together to create a truly unique urban experience. From the bustling waterfront to the serene redwood forests, Oakland offers a little something for everyone. So whether you’re looking for an apartment in downtown Oakland or an apartment in Rockridge, you’ve come to the right place. In this ApartmentGuide article, we’ll cut to the chase, breaking down the pros and cons of living in Oakland. Let’s get started and see what awaits in this diverse city.
Fast facts about living in Oakland
Population: Approximately 430,000 residents
Average rent: $2,355 per month for a one-bedroom apartment
Median home sale price: $895,000
Public transit: Bay Area Rapid Transit (BART), AC Transit buses, and ferries
Public parks: Over 130 parks and green spaces for recreation and relaxation
Annual tourists: Approximately 3.5 million visitors each year
Restaurants: Over 1,000, offering a variety of cuisines from around the world
1. Pro: Rich cultural scene
Oakland offers a vibrant cultural scene, with numerous museums, galleries, and theaters. The city is home to the Oakland Museum of California, which showcases the state’s art, history, and natural sciences. Additionally, the Fox Theater and the Paramount Theatre host a variety of concerts, performances, and events throughout the year. The city’s diverse population contributes to a rich tapestry of cultural festivals and events, such as Art + Soul Oakland and the Eat Real Festival, offering residents ample opportunities for artistic and cultural engagement.
2. Con: High cost of living
Housing costs in Oakland are relatively high, with the median sale price for a home in Oakland around $895,000 and the average rent for a one-bedroom apartment in Oakland about $2,355 per month. These housing costs are 87% higher than the national average, making it challenging for many people to afford living in the city.
The high cost of living extends beyond just housing. Overall, the cost of living in Oakland is about 40% higher than the national average. Utilities are 40% more expensive, groceries are 17% higher, transportation costs are 33% above average, and healthcare costs are 21% more. These increased expenses in multiple areas can significantly impact residents’ budgets, requiring careful financial planning to manage effectively.
3. Pro: Strong job market and innovation hub
Oakland has a robust and diverse job market, particularly in the technology, healthcare, and education sectors. The city’s proximity to Silicon Valley and San Francisco provides additional job opportunities, and its more affordable commercial real estate has attracted a growing number of tech companies and startups. This environment fosters a spirit of innovation and entrepreneurship, providing numerous opportunities for networking and career advancement in the tech industry.
Major employers in the area include Kaiser Permanente, Clorox, and the Port of Oakland. The presence of these companies, along with a thriving startup scene, contributes to the city’s economic stability and offers a wide range of career opportunities.
Top employers in Oakland
Blue Shield of California
Sutter Health
Pixar Animation Studios
Southwest Airlines
Alameda Health System
4. Pro: Outdoor recreational activities
Oakland offers a wide range of outdoor recreational activities, thanks to its extensive park system and proximity to natural attractions like the East Bay Hills and the San Francisco Bay. Residents can enjoy hiking, biking, kayaking, and picnicking in the numerous parks and natural areas. The city’s mild climate allows for year-round enjoyment of these activities.
Popular outdoor spots in Oakland
Lake Merritt
Joaquin Miller Park
Redwood Regional Park
Temescal Regional Recreation Area
Middle Harbor Shoreline Park
5. Con: Traffic and parking
Oakland, like many urban areas, experiences traffic congestion and limited parking options. The city’s layout and infrastructure can make driving challenging, and finding parking can be difficult and expensive, especially in popular neighborhoods and downtown. Public transportation, biking, and walking are popular alternatives, but residents who rely on cars may find the traffic and parking situation frustrating. Investing in a parking spot or using car-sharing services can help mitigate some of these challenges.
6. Pro: Culinary diversity
Oakland features a diverse culinary scene, with a wide range of restaurants offering cuisines from around the world. From high-end dining establishments and historic seafood restaurants to food trucks and ethnic eateries in neighborhoods like Chinatown and Fruitvale, the city has something to satisfy every palate. Food festivals, such as Eat Real Festival and Oakland Restaurant Week, showcase the city’s culinary creativity and provide opportunities for residents to explore new flavors.
Popular restaurants in Oakland
Commis
Brown Sugar Kitchen
Homeroom
Sobo Ramen
Drake’s Dealership
7. Con: Earthquake risk
Oakland is located near several major fault lines, making it prone to earthquakes. While the city has implemented stringent building codes and preparedness measures to mitigate the impact of seismic activity, the risk of earthquakes remains a significant concern for residents. Homeowners and renters are encouraged to have earthquake insurance and to be prepared with emergency kits and plans. This natural disaster risk is an important factor to consider when deciding to live in Oakland.
8. Pro: Public transportation
Oakland has a well-developed public transportation system, making it easy for residents to get around without a car. Bay Area Rapid Transit (BART) connects Oakland to San Francisco, Berkeley, and other parts of the Bay Area. AC Transit provides extensive bus services, and ferries offer a scenic commute across the bay. Ride-sharing services like Uber and Lyft are also widely available. Oakland has a transit score of 57, a walk score of 75, and a bike score of 65, reflecting the city’s good infrastructure for public transit, walking, and biking.
9. Pro: Strong sense of community
Oakland is known for its strong sense of community and civic engagement. Residents are often involved in neighborhood associations, community events, and local initiatives that promote a sense of belonging and collaboration. The city’s diverse neighborhoods, such as Rockridge, Montclair, and Fruitvale, each have their own unique character and charm, fostering tight-knit communities where residents support one another. This strong community spirit enhances the quality of life and makes Oakland a welcoming place to live.
10. Pro: Vibrant arts scene
Oakland features a vibrant arts scene, with numerous galleries, studios, and performance spaces. The city is home to the Oakland Art Murmur, a monthly event that showcases local artists and galleries, and the First Fridays street festival, which features live music, food vendors, and art installations. Additionally, Oakland’s cultural diversity is reflected in its many community arts programs and events, offering residents ample opportunities to engage with the arts and express their creativity.
Investing in stocks can seem overwhelming, but it doesn’t have to be. With a few simple steps, you can start your journey toward building wealth and securing your financial future. This guide will walk you through the basics of stock investing, from understanding what stocks are to choosing the right investments for your goals. Whether you’re a complete beginner or just looking to brush up on the fundamentals, these easy-to-follow steps will help you confidently enter the stock market and begin growing your money. Let’s dive into the simple steps to start investing in stocks.
What are stocks?
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Stocks represent shares of ownership in a company. By buying stocks, you can own a part of a business and potentially grow your wealth as the company grows. They are a popular way to make money and increase your net worth over time.
Learning stock market basics
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Understanding the stock market is key to successful investing. Learn the basic concepts like how stocks work, what affects their prices, and how you can start investing to grow your wealth and secure your financial future.
Investing in stocks for beginners
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Investing in stocks can be a great way to make money, but you need a solid strategy. This guide offers simple tips for beginners to help you start investing, grow your wealth, and work towards financial independence.
To learn more: How To Invest In Stocks For Beginners: Investing Made Easy
Is Now a Good Time to Buy Stocks? The Real Answer
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The stock market is on the rise. Is now the right time to buy stocks? If you want to make money, learn the proper steps to start investing today and take advantage of market opportunities to grow your wealth.
To learn more: Is Now a Good Time to Buy Stocks? The Real Answer
Waiting to Invest?
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Why wait to invest in the stock market? Delaying your investments means missing out on passive income. Consistently investing, rather than trying to time the market, will lead to long-term, stable returns and increase your net worth.
The power of compounding
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Compounding can significantly boost your investment returns. By reinvesting your earnings, you allow your money to grow faster, leading to greater wealth over time. It’s a powerful strategy for anyone looking to increase their net worth and secure a comfortable retirement.
Can you Make Fast Money in the Stock Market?
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Can you make money quickly with stocks? As a day trader and long-term investor, I know how fast I can see returns. Learn how day trading or swing trading can increase your financial freedom and help you grow wealth.
To learn more: How Fast Can you Make Money in Stocks? The Real Answer
Know Your Risk
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Understanding the risks involved in stock investing is crucial. Know your risk tolerance and make informed decisions to protect your investments and achieve financial success.
Avoid These Trading Mistakes
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Avoid common trading mistakes that can cost you money. Learn how to improve your trades, minimize losses, and increase your profitability in the stock market.
To learn more: Day Trading Mistakes: How To Avoid Trade Errors And Win More
Dive into an Investing Education
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Education is key to successful investing. Trade and Travel is a course that teaches you how to make money in the stock market. Read my personal review as a profitable student and see how an investing education can help you grow wealth and achieve financial goals.
To learn more: Trade and Travel Reviews – Join the $1000 in a Day Club
Start Your Investing Journey
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Ready to start investing? Learn the basic steps to begin your investing journey, grow your wealth, and secure a comfortable future. It’s never too late to take control of your finances and work towards financial independence through smart investments.
To learn more: https://moneybliss.org/investing/
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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!
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“Until he got all rich and fancy so that he no longer understands the common person’s plight.
Stash probably doesn’t even practice any of these money-saving things he preaches any more!”
When I read things like this, I can’t help but laugh. Because on the one hand, when you put a bunch of personal life details online like this, being misunderstood is just part of the package. But on the other hand, if the critics could peek in and see our real lives – not just mine but those of all the Mustachians – they would have to give up their conspiracy theories and accept the fact that this stuff just works.
Because really, not much has changed when it comes to the basics. Like many MMM readers over the past twelve years, my total wealth level has increased pretty regularly. But also like many of us, I haven’t felt the need to change very much about my spending because I was doing my best to live an enjoyable life in the first place.
How have so many people found such great success? I think we Mustachians have something that’s a bit more rare and special than standard financial advice, which is what makes it work so well:
Standard Advice: Slash your spending and make sacrifices until you reach a certain savings percentage, and beyond that it doesn’t matter, it’s all personal choice. More income? Great, that means you don’t have to sacrifice as much! FatFIRE for everyone!
Mustachianism: Cultivate a love of efficiency, creativity, self awareness, and self improvement. Use this knowledge to improve your life in all ways, including those which help you live better even as your monthly expense rate drops over time.
So what does this mean in practice?
Well, I’ll give you some examples from my own present-day life. Things I do because I happen to enjoy them, which also happen to save a lot of money. Some of these are normal, some are silly and may end up in some future gossip magazine hit piece, but all of them happen to work for me, so the critics can be damned.
As I list each item, I’ll include an estimate of how much the activity saves me per decade, because you should always think at least in terms of decades.
To make that calculation yourself, just use the “rule of 172” – take a monthly expense and multiply it by 172 to estimate how much it would compound into over ten years, if invested.
1) Fixing my own House (and everybody else’s too)
Construction projects from recent years, at home and around the state.
I’m a big believer in self-sufficiency, and working to build up the skills to manage the most important parts of your own life without depending on too many things (or people) that are outside of your control. In other words, one giant recipe for a happy life is simply to Become a Producer of the Things You Most Enjoy Consuming.
And in my case, I happen to love houses. I like living in beautiful, functional spaces and sharing them with friends. But most houses are ugly and poorly designed when you buy them, so I realized that I also love solving problems and redesigning old buildings to become new again. I enjoy this process so much that I spend most of my free time doing it – on both my own properties and the homes of friends.
And I love teaching other people to gain power over their own houses too. It’s amazing how great people feel as they lose their fear and dependence on outside contractors, and gain the ability to fix and maintain things with their own two hands.
Savings: An average of $20,000 per year = $287,000 per decade
2) Craigslist and Community
Members of our coworking space, swapping valuable free stuff every day.
You know what’s great? Having so much money that you can buy whatever you want – high quality things which get delivered to your front door the very next day.
You know what’s even better? Not buying some of those new things, and instead finding ways to share, repurpose and buy equally high quality items from other people who don’t need them any more. All while building up your own community and creating new friendships in the process.
Craigslist, Facebook Marketplace, and even NextDoor all have Buy Nothing groups for most areas. In the MMM-HQ community, we run a Discord server with about 200 local people, who chat around the clock on a wide range of subjects. They help each other with major projects in one channel called #diyhowto, and give away and sell things on #forsale and #buynothing.
Although our private Discord group is my favorite, I also use Craigslist regularly, and probably save (and earn) a few thousand every year thanks to the habit:
Savings: About $42,000 per decade
3) Bikes over Cars
Sure glad I’m not stuck in a Jeep on these off-road trails!
We all know that Mr. Money Mustache’s biggest contribution to personal finance is to insist that bike transportation is the best way to get around. And I still feel this way. As we learned in The True Cost of Commuting, cars cost at least 50 cents per mile to operate, while bikes are much cheaper, mainly due to reduced depreciation and maintenance costs (which are even bigger than the gas savings).
I do still use bikes (or walking) for at least 95% of my local trips these days, but because I live in the center of a small city, my life is pretty local. So this still only adds up to about 2000 miles per year, a savings of “only” $14,000 per decade.
But when you choose active transportation, there’s much more to the picture than just cutting your car expenses. You’re changing everything about your physical and mental health picture for the better, which brings us to the next point of…
4) Muscle over Motor
Digging out the crappy old window wells to build a bigger terraced garden.
Although I’m no competitive athlete, whenever I see an option to make my body work a bit harder, I usually take it. Stairs instead of elevators, running the golf course instead of using a golf cart, moving my own furniture and appliances instead of calling a mover, shoveling snow and raking leaves instead of using a machine.
When I face a decision like this, I simply ask myself the question:
“Well, Mustache. Do you want MORE health and fitness, or LESS?”
Putting it in that context makes the answer obvious. Every bit helps, because when it comes to your body, the rule is pretty much use it or lose it.
But how much money does this save? There’s no real way to calculate it exactly, but I like to think of it this way: The US average health care spending is about $13,000 per person per year. My lifetime costs due to illness or medication so far have been just about zero, plus I know I’ve had more energy and greater productivity due to being healthy. Let’s just put it very conservatively and set the estimated savings and benefits at $10k per year which means
Estimated Savings: $140,000 per decade.
5) Saving Energy by Running my home like a Glamping Retreat
Outdoor cooking, showering, laundry and even a homemade gym? Why not?!
Here’s where things get a bit silly, but my level of joy is actually at its greatest.
My personality type is probably a weird combination of an engineer, a carpenter, an artsy hippie, and a mad scientist. Oh, and a devoted homebody too. Because of this, my favorite activity most days is to just run around my house taking care of things and trying new little experiments and improvements.
Sometimes I’ll cut a few big holes on on the South side of the house and install sliding doors and big windows to allow nice sunbeams and passive solar energy to get into my house and give me free heat in the winters. Other times it’s just smaller things to save energy and live more at at one with the seasons of my area:
optimizing the use of air conditioning by running fans at night and building heat tolerance during the days (we set the A/C to only kick on at about 80F)
Enjoying most of my showers outside, with free hot water from the 100 foot garden hose that happens to be coiled in a sunny spot
Cooling myself and get free energy boosts by jumping in the “cold plunge”, which is simply an unheated hot tub I have set up in my back yard
Doing most of my cooking and dining outdoors with an induction cooktop, gas grill, espresso machine, and mini convection toaster oven deal that I keep set up outside during the warmer months of the year
Drying 99% of my loads of laundry out on the line instead of using the clothes dryer
I even charge my car with a little off-grid array of solar panels set up in the driveway (from Craisglist, of course!), which gives me free electricity for driving without going through the permit-hell hassle of a full grid-tied system in my city’s currently solar unfriendly environment.
Even taken all together, these things are pretty small – the average combined gas and electric bill for my area is about $250 per month, while my usage adds up to about $75. So while we’re only saving about $30,000 per decade for what sounds like a lot of work to most people, I consider this to be the biggest win because I enjoy living in “MMM’s Energy Efficiency Playground” so much.
6) Local Living over Constant Travel
This little lake right behind my house is a great daily “vacation” which allows me to savor home life more and travel a bit less.
“Hey, we’re having a big back yard pool party next weekend to celebrate Amy’s graduation from kindergarten, can you make it?”
“OH NOOOO!!! We will be off in at Disneyland that whole week! We planned the trip months ago, I wish we could make it!
As I type this in the height of the summer season, I really feel this effect at its fullest: almost all of my friends are off on trips, and my guest suite here at home is almost constantly full. People are traveling a lot, and many of them sound like they wish they could spend a few more of their precious summer weeks and weekends at home.
I’ll let you in on a little secret: you can! The trick is saying, “no thanks” more often to plans that involve you being away, and “yes please” to things that let you stay at home. The benefits are numerous:
You nurture your local friendships more and meet new people who live nearby
You spend way less money on plane tickets, hotels, restaurants gasoline, and car repairs
Your levels of health and fitness can go way up because you aren’t missing workouts and spending hours sitting in plane and car and bus seats. And you can better control your meals – more salads with grilled salmon, less McDonald’s and Pizza Hut
You sleep better
And you have more time to take care of projects around your house where you learn more skills which compound for life
Estimated Savings: Even if you replace just two weeks of travel for a family of four, with equivalent time at home you might save $5,000 per year in direct costs and a further $5,000 per year in incidental benefits like the health and local friendships. This would work out to a shocking $143,000 per decade of wealth increase!
Of course, travel is generally a good thing for broadening the life experience of you and your kids. It’s worth spending on, lavishly at times. But the key is to balance it out and be discerning, keeping the most enriching trips and pruning a few off the bottom of the list. And remembering that home time is valuable and healthy too.
And Whoa! We’ve already built up a huge list and I feel like I was just getting started.
Cutting a friend’s hair at a group event: entertainment, education and free haircut in one!
Taken all together, we’ve already detailed things that compound to $656,000 every decade, which already more than double the median wealth that most American seniors have as they cruise nervously into their retirement years – after over 40 years of work!
And now that I’ve been writing this blog for over ten years myself, I can safely say that over $656,000 of even my most recent worth increases are directly attributable to these simple habits. The same ones many of us have been enjoying and preaching about all along, both before and after our retirement dates.
If money is in genuinely short supply, you could go a lot further than the examples in this article. And indeed, there’s a lot more laid out in this blog or the MMM Boot Camp email series.
But one of the points of Mustachianism is that you usually don’t have to try all that hard. Just tweaking your lifestyle to be slightly less ridiculous and more efficient than average is usually all it takes.
—
In the comments: what are your quirks and frugal indulgences? The things you do now to save money, or things you still do even after it’s no longer about the money? I often wonder how widespread this frugality-just-for-fun is. But since we Humans are a naturally curious and problem solving species in our natural state, I suspect there are many more of us out there.
While he may not have secured a spot on Team USA for the Paris Olympics, Boston Celtics shooting guard Jaylen Brown is fresh off a legacy-defining season.
The eight-year NBA veteran made his third All-Star team, won Eastern Conference finals MVP and Finals MVP, and helped the Boston Celtics win their first NBA championship since 2008.
And while he’s winning big on the court, he’s hoping to bank a personal win too. He just listed an industrial-style penthouse with a historic vibe he owns on Melcher St. in Boston’s Fort Point neighborhood for $4,750,000.
One of the highest-paid small forwards in the NBA, Jaylen lives in a sprawling 7-bedroom mansion in Wellesley, bought back in 2020 for $7.8 million. So he likely hasn’t lived in the Fort Point condo for quite a while.
Nevertheless, the Melcher Street penthouse reflects the sartorial icon’s style and features open-concept, industrial-yet-warm interiors that perfectly complement the building’s historic appeal. Let’s take a closer look, shall we?
Set in a Fort Point building on Melcher St.
Photo credit: Surette Media Group / Douglas Elliman
The stylish 2,964-square-foot penthouse sits atop a 1916-built brick building at 49 Melcher St. in Fort Point, the former industrial district along Fort Point Channel filled with historic lofts, art studios, and galleries.
The building is also home to a popular local steakhouse called Mooo…. Seaport.
It has 3 bedrooms and 2.5 bathrooms
Photo credit: Surette Media Group / Douglas Elliman
The unit consists of 3 bedrooms, 2 full bathrooms, and 1 half-bath, and a spiral staircase that leads to a generously sized rooftop deck.
It has a luxurious primary suite with a walk-in closet, and an en-suite bathroom with a double vanity and walk-in shower.
The MVP of townhouses
Photo credit: Surette Media Group / Douglas Elliman
“It’s the MVP of town houses. It really is,” real estate agent George Sarkis — who shares the listing with Manny Sarkis of The Sarkis Team at Douglas Elliman — says of the $4.75 million Fort Point penthouse.
“The open concept, the feel of it, the brick and beam,” Sarkis told Boston.com. “To see this at about a 3,000-square-foot scale is very hard to come by. Having one of Boston’s steakhouses in the building is a big bonus.”
The unit retains many of the building’s original features
Photo credit: Surette Media Group / Douglas Elliman
Much like the other historic homes and converted buildings around Fort Point, the building retains its most coveted original features.
Brown’s penthouse has exposed brick walls, oversized factory windows that flood the open floorplan with natural light, and a 12-plus-foot ceiling with the original wood beams.
Open-concept penthouse living
Photo credit: Surette Media Group / Douglas Elliman
The historic elements are beautifully complemented by modern additions throughout the open-concept floor plan, particularly in the kitchen, which has been equipped with top-of-the-line appliances and an eat-in island.
The large living area — comprised of living, dining, and kitchen — can easily be configured differently, should the future owner choose to do so.
The penthouse has a generously sized rooftop deck
Photo credit: Surette Media Group / Douglas Elliman
Heading up a spiral staircase, future residents and their guests can enjoy a private 400+ square-foot roof deck to take in the bustling city life below.
See also: Michael Jordan’s house is still on the market, 12 years after it was first listed for sale
Nowadays, Jaylen Brown lives in the suburbs
Photo credit: Surette Media Group / Douglas Elliman
As for where Jaylen Brown is heading next, we’re guessing he already made his choice years before listing his penthouse in the city.
Brown has been famously living in the posh Boston suburb of Wellesley, Massachusetts, known as one of the most expensive towns in the country.
Where he owns a 7-bedroom mansion bought in 2022
Photo credit: Surette Media Group / Douglas Elliman
Back in 2020, Jaylen Brown scored a $7.8 million deal for a massive 10,099-square-foot home in Wellesley that had previously been listed for $11 million.
Sitting on 1.53 acres of land, the mansion has 7 bedrooms, 9 baths, and boasts a farmhouse style with modern aesthetics.
His Boston penthouse is now on the market for $4,750,000
Photo credit: Surette Media Group / Douglas Elliman
Since he’s nice and settled in the suburbs, Jaylen is now parting ways with his Melcher St. penthouse, and has hired Douglas Elliman top producers George and Manny Sarkis of The Sarkis Team to help him offload the city residence.
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From the sunny beaches of Myrtle Beach to the cobblestone streets of Charleston, South Carolina is known for its warm hospitality and charming beach towns. The state bursting with natural beauty, featuring the lush landscapes of the Blue Ridge Mountains and the tranquil waters of its coastal marshlands. But, what else is South Carolina known for? Whether you’re considering renting a home in Florence, looking to settle into an apartment in Clemson, or just planning a visit, you’ll soon find that South Carolina has much more to offer than meets the eye. In this article, we’ll explore what makes South Carolina unique and why so many are proud to call it home. Let’s jump in.
1. Myrtle Beach
Myrtle Beach, which sits along South Carolina’s Grand Strand, attracts visitors with its sandy beaches, bustling boardwalk, and exciting attractions. The Myrtle Beach Boardwalk and Promenade feature shops, restaurants, and the iconic SkyWheel, offering panoramic views of the coastline. Additionally, people can enjoy water sports, mini-golf, and live entertainment at venues like the Carolina Opry.
2. South Carolina barbecue
South Carolina’s unique style of barbecue and mustard-based “Carolina Gold” sauce stands out in the culinary world. This tangy, flavorful sauce sets it apart from other regional barbecue styles. Local favorites like Maurice’s Piggie Park in Columbia and Sweatman’s BBQ in Holly Hill serve delicious pulled pork and ribs. The state’s barbecue tradition shines during events like the Smoke on the Beach festival, where pitmasters showcase their skills and offer mouth-watering samples.
3. Hilton Head Island
Hilton Head Island ranks as a premier destination known for its pristine beaches, world-class golf courses, and luxury resorts. While here, you can participate outdoor activities such as biking along scenic trails, kayaking through marshlands, and playing tennis at top-notch facilities. Also, the Harbour Town Lighthouse is a beloved landmark and offers stunning views and historical exhibits. With a blend of natural beauty and upscale amenities, Hilton Head serves as an ideal spot for relaxation and recreation.
4. Fort Sumter
Fort Sumter in Charleston Harbor marks the site where the first shots of the American Civil War were fired on April 12, 1861. Today, sightseers can take a ferry ride to the island and explore the fort’s historic ruins and museum exhibits. Ranger-led tours provide insights into the events that led to the Civil War and the fort’s strategic importance.
5. Spoleto Festival USA
The annual Spoleto Festival USA is held in Charleston and stands as one of the country’s premier performing arts festivals. The festival showcases a diverse range of performances, including opera, theater, dance, and music. Venues range from historic theaters to outdoor spaces, providing a special cultural experience.
6. Brookgreen Gardens
Brookgreen Gardens near Murrells Inlet blends art, history, and nature in a stunning setting. The gardens feature an impressive collection of sculptures set amid beautifully landscaped grounds and themed gardens. While here, patrons can explore native wildlife at the Lowcountry Zoo or take guided tours to learn about the region’s history and ecology. Also, the parks hosts seasonal events and exhibitions so the gardens can be enjoyed year-round.
7. Congaree National Park
Congaree National Park is one of the largest intact expanses of old-growth bottomland hardwood forest in the southeastern United States. The park offers a variety of outdoor activities, including hiking, kayaking, and birdwatching. The Boardwalk Loop Trail provides an accessible way to experience the park’s unique ecosystem and towering trees. With its biodiversity and serene environment, Congaree is a great place to soak in the beauty of South Carolina.
Fun facts South Carolina is famous for
First tea farm: In operation since the 1700s, the Charleston Tea Garden on Wadmalaw Island is the only tea garden in America where tea is grown and produced.
State dance: South Carolina officially designated the shag as its state dance. This type of swing dance originated along the Atlantic Ocean’s beaches in the 1940s and remains popular today.
Oldest minor league baseball stadium: The oldest continuously operating minor league baseball stadium in the country is located in Columbia. It’s known as Capital City Stadium and it opened in 1927.
8. The Angel Oak Tree
The Angel Oak Tree on Johns Island ranks as one of the oldest living oak trees in the country. In fact, experts estimate the tree to be over 400 years old. This massive tree stands 65 feet tall and provides an impressive canopy of sprawling branches. Sightseers often come to marvel at its size and beauty, making it a popular spot for photography and picnics.
9. Greenville’s Falls Park on the Reedy
Falls Park on the Reedy in downtown Greenville showcases scenic beauty and innovative design. The park features the Liberty Bridge, a suspension bridge that offers views of the Reedy River Falls. Besides that, you can stroll along beautifully landscaped gardens, enjoy public art installations, and participate in community events. As a hub for outdoor activities and cultural gatherings, Falls Park serves as an urban oasis in Greenville.
10. Darlington Raceway
Darlington Raceway, known as “The Track Too Tough to Tame,” ranks as a legendary venue in NASCAR racing. Located in Darlington, this historic track has hosted thrilling races since 1950, including the famous Southern 500. Fans flock to Darlington to witness high-speed action and celebrate the sport’s heritage at the Darlington Raceway Stock Car Museum. Because of the track’s different shape and storied history, it’s a beloved destination for racing enthusiasts.
11. Huntington Beach State Park
Huntington Beach State Park is known for its pristine beaches, salt marshes, and freshwater lagoons. Because of its unique landscapes, the park is perfect for birdwatching and wildlife viewing. Also, you explore Atalaya, the Moorish-style castle that was once the winter home of sculptor Anna Hyatt Huntington and her husband, Archer Huntington. The park’s diverse ecosystems and historical sites provide a enriching outdoor experience for visitors of all ages.
12 .South Carolina State Museum
The South Carolina State Museum in Columbia ranks as the state’s largest and most comprehensive museum, offering a wide range of exhibits and interactive displays. The museum’s four floors cover South Carolina’s natural history, cultural heritage, science, and technology. Additional highlights include the Boeing Observatory, the 4D theater, and the Columbia Mills Building, the first electric textile mill in the world.
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.
An efficiency apartment is a single room unit that includes the living room, bedroom, dining area, and kitchen. You might be thinking, “How can anyone live in such a compact space?” However, in expensive and large cities renting a smaller space, like an efficiency apartment or a studio, becomes a practical solution.
If you’re relocating to any of these urban centers and searching for an apartment in San Francisco, a rental in New York City, or a studio in Miami, you might frequently come across efficiency listings. These compact living spaces offer a more affordable way to live in prime locations without sacrificing access to city amenities.
What do efficiency apartments look like?
An efficiency apartment typically features a single, compact space that combines the living area, sleeping area, and kitchenette into one room, usually ranging from 300 to 500 square feet. The kitchenette often has a small refrigerator, a microwave, and a minimal cooking area, but not a full stove or oven. The bathroom is usually separate, but everything else is contained within one multifunctional room. The layout is designed to maximize the use of space, often with built-in storage solutions and minimalistic furnishings to keep the area functional and uncluttered.
What is the difference between a studio apartment and an efficiency apartment?
The main difference between a studio apartment and an efficiency apartment is size and layout. Studio apartments are generally larger, featuring an open-concept space that combines the living room, bedroom, and often a full kitchen. In contrast, efficiency apartments are smaller and more compact, usually incorporating a kitchenette to maximize space.
Despite these differences, both types of apartments share similarities in their open-plan design, which combines the living, sleeping, and kitchen areas into one single room. Both are designed to provide a functional living space in a smaller footprint, often appealing to individuals or couples looking for affordable, efficient housing options.
Are efficiency apartments cheaper than studio apartments?
While efficiency apartments are generally less expensive than studio apartments due to their smaller size, the actual cost depends on the location, with downtown areas typically being pricier. Factors like luxury amenities and features can also affect the price. Efficiency apartments are often the more affordable option for those wanting to live in lively areas, especially if you can reduce car-related expenses by walking, biking, or using public transit. Additionally, their smaller size means lower utility costs and less spending on furniture and décor.
Is an efficiency apartment right for you? Pros and cons
Depending on your life situation, an efficiency apartment might be the best option to afford a neighborhood that’s otherwise too pricey for a regular apartment. It’s also ideal for a single person who doesn’t have many possessions or need a lot of space.
Pros of renting an efficiency apartment
Affordable: Efficiency apartments are generally less expensive than larger units, making them a budget-friendly option.
Easy to clean and maintain: The smaller size means less space to clean and maintain, saving time and effort.
Access to apartment amenities (pool, gym, etc.): Many efficiency apartments are part of larger complexes that offer access to amenities like pools, gyms, and communal areas.
Cons of renting an efficiency apartment
Very limited space: The compact size means you have very little room to move around or store items.
No privacy for guests: Hosting guests can be challenging due to the lack of separate rooms and private areas.
Kitchen smells in sleeping/living areas: Cooking smells can easily spread to the sleeping and living areas due to the open layout.
Lack of storage: Limited space often means insufficient storage for personal belongings.
Efficiency apartment FAQs
Where can you find an efficiency apartment?
Most efficiency apartments can be found in cities where unit sizes tend to be smaller, such as New York or San Francisco. However, there are apartment complexes across the country that also offer efficiency apartments as an affordable option for renters.
To find an efficiency apartment on ApartmentGuide, Redfin, or Rent.com, search for keywords like “studio” or “efficiency apartment,” or set the max bedroom/bed and bath filter to studio. When renting an efficiency apartment, consider factors such as location, rent price, included utilities, available amenities, and the overall layout to ensure it meets your needs.
What appliances do efficiency apartments have?
An efficiency apartment typically includes a small refrigerator, a microwave, and a compact cooking area, often with a two-burner stove or hot plate, but rarely a full oven.
How can you make an efficiency apartment look bigger?
To make your efficiency apartment look bigger, start by visualizing the space. Use light-colored paint and hang curtains to make the room appear taller. Divide the area into sections with furniture placement and hang mirrors to create the illusion of more space. Utilize natural light and hidden storage options like under-the-bed storage. Vertical stripes on walls can also make the room feel taller.
How can you cook in an efficiency apartment?
In an efficiency apartment, cook using compact appliances like a toaster oven or Instant Pot. Utilize a two-burner hot plate or portable cooktop, and maximize counter space with foldable or wall-mounted surfaces. Use vertical storage solutions for kitchen essentials, plan simple one-pot meals, and consider meal prepping to save time and space.
What is the best way to handle cooking smells in an efficiency apartment?
To handle cooking smells in an efficiency apartment, open windows for ventilation, and consider using air purifiers or scented candles.
Can two people comfortably live in an efficiency apartment?
While two people can live in an efficiency apartment, it can be challenging due to limited space; it’s best suited for individuals or couples who don’t require much room or privacy.
What storage solutions work best in an efficiency apartment?
The best storage solutions for an efficiency apartment include vertical storage like shelves, under-bed storage containers, and multifunctional furniture with built-in storage options.
Are pets allowed in efficiency apartments?
Pets may be allowed in efficiency apartments, but this depends on the specific rental policies of the building or landlord; always check pet policies before renting.
Are efficiency apartments available in furnished options?
Yes, some efficiency apartments come furnished, providing essential furniture like a bed, table, and seating, which can be a convenient option for renters.
How do you soundproof an efficiency apartment?
To soundproof an efficiency apartment, consider the apartment’s location within the building, use heavy curtains or rugs to dampen noise, install weather stripping on doors and windows, and add soundproof panels or foam to walls.
“The timing could not be better for us to enter this market with our solutions-based approach to this product segment – the broker community is the most significant it has been since 2009, with almost 25% market share of mortgage transaction activity,” Wells said in a Press release. “The broker community is scaling rapidly as … [Read more…]
So, pretend you’re wanting to rent an apartment in Phoenix, considering renting a house in Denver, or looking to move into a brand-new condo in Portland – and it’s time to submit your rental application. However, your poor credit history doesn’t qualify you to sign the dotted line alone, or maybe your income doesn’t meet the required threshold.
Depending on your circumstances, you might need someone else to co-sign your lease to qualify for the apartment. This ApartmentGuide article will help you understand the situations where a co-signer might be necessary and explain how having one can help you secure the rental you want.
What is a co-signer for an apartment?
A co-signer is a third-party, usually a person closest to you or a friend, who co-signs the lease with you. This person typically has a stronger financial standing,, has a robust credit history, and a good credit score.
As a co-signer, this third party has a legal obligation to pay if you default on your monthly rent. They don’t have to live in the apartment, but their name will be on the lease.
This arrangement serves as insurance for your potential landlord, especially if your credit check reveals a low credit score or an eviction history. It’s important to note that a co-signer is different from a guarantor, who merely promises to cover the rent if you fail to pay.
What does it mean to co-sign an apartment?
Co-signing an apartment means that you, as the co-signer, agree to share legal responsibility for the lease along with the primary tenant. As a co-signer, you are vouching for the tenant’s ability to pay rent and adhere to the lease terms. This includes covering any missed rent payments and potentially any damages to the property. Although you won’t reside in the apartment, your credit and financial history will be assessed during the application process.
Co-signing is a significant commitment because it involves a serious financial obligation to support the tenant and provide assurance to the landlord. If the tenant fails to pay rent or damages the property, you will be responsible for covering these costs. This means that any default by the tenant can affect your credit score and financial standing. Therefore, it’s essential to fully understand the risks and responsibilities before agreeing to co-sign an apartment lease.
When do you need a co-signer for an apartment?
But when exactly do you need a co-signer to secure your lease? Let’s explore the scenarios where having a co-signer might be necessary.
You might need a co-signer to secure an apartment lease if:
Low credit score: A credit score that falls below the landlord’s minimum requirement.
Insufficient income: Monthly income that doesn’t meet the landlord’s criteria, often less than three times the rent.
Lack of rental history: Little to no previous rental experience, especially for first-time renters.
Past evictions: A history of evictions on your rental record.
Unstable employment: Short-term employment history or frequent job changes.
High debt levels: Significant existing debt that impacts your ability to pay rent.
Citizenship: New to the country with no established credit or rental history.
Self-employment: Income that is harder to verify, such as being self-employed or freelance work.
Who should you ask to co-sign your apartment
The first people to approach are loved ones or close friends, who would be willing to do it.
It’s vital that they trust you, but you also trust them. They will have the same legal right as you to the apartment. This includes the ability to access the space, transfer the lease, and potentially live there if they choose.
It’s important to have an open and honest conversation with potential co-signers about your financial situation and the responsibilities they will be taking on. This ensures that they are fully aware of the obligations and risks associated with co-signing your lease. These risks include being held liable for missed rent payments and potential damage to the property, which could impact their own credit score and financial stability..
You should also discuss every scenario you can think of with your potential co-signer to ensure this won’t destroy your relationship. Signing a legal agreement to take on someone else’s significant amount of debt isn’t a simple favor.
What is needed from a co-signer for an apartment?
Now that you found someone to offer support and help you pay your rent, what do they need to complete the process?
The property manager will require the co-signer to submit a rental application, a background check, proof of income, and a report from at least one of the credit bureaus for a credit check.
Proof of income will include at least two documents to verify that the co-signer’s income covers their own housing and the tenant’s. They will confirm the co-signer paid all previous bills, there are no past evictions or issues with their credit.
What’s the difference between a co-signer and a guarantor?
You may hear these terms interchangeably, but there are some fundamental differences. Think of co-signing as just another person who has access to the apartment and is held responsible for the rent. Every month, both the co-signer and the tenant are equally accountable for the money as they are both on the lease.
A guarantor, however, does not have access to the apartment and is really just a “guarantee” that the landlord will get their money. Guarantors are responsible for the rent money only after the tenant defaulted on the rental property payments. A guarantor is there to alleviate the financial burden when you fall short.
The guarantor can take you to court for not paying your rent, as well.
What to do if you can’t find a co-signer
So, you’ve gone through everyone you know and no one can or will co-sign for you. You’re not entirely out of luck yet.
You can still make a case for yourself with the property manager. For instance, try explaining why you have this issue in your credit score and what you’re doing to fix it. If you try this, it’s important to show proof, like recent payment streaks on your credit report.
If that doesn’t work, see if you can negotiate with your landlord. Offer to pay more rent upfront or a larger security deposit.
What about co-signer services?
Be careful before signing anything if you’re considering co-signing companies. The service can act as a co-signer, but adds on a hefty fee to your monthly rent.Some services charge a one-time percentage of your rent, around 10 percent. While others charge a monthly fee that can equal up to 110 percent of rent payment.
Co-signing FAQs
Is it bad to co-sign for an apartment?
The short answer is no – as long as rent payments are made in full every month. For tenants, having a co-signer can help you secure a lease that you might not qualify for on your own. For co-signers, it’s important to understand that while co-signing itself doesn’t negatively impact your credit report, any missed or late payments by the tenant will. As long as the rent is paid on time, there will be no adverse effects on either party’s credit score.
Is it easier to get an apartment with a co-signer?
Absolutely. If the rental property accepts co-signers, it will be much easier for you to move in. Not guaranteed, but definitely much easier. This is particularly applicable for first-time renters (think college students), people on a credit-building journey, people with low credit scores or an eviction that was outside their control.
Are there alternatives to having a co-signer?
Some alternatives include offering a larger security deposit, paying several months’ rent upfront, or providing references from previous landlords or employers.
How to get around needing a co-signer for an apartment?
You can offer a larger security deposit, pay several months’ rent upfront, provide strong references, or look for properties with more lenient rental requirements.
How does co-signing affect your credit?
As the co-signer, co-signing can impact your credit positively or negatively. If the primary tenant pays on time, it can improve your credit. However, if they default, it can negatively affect your credit score.
How to take a co-signer out of your lease?
To remove a co-signer from your lease, you typically need to prove financial stability on your own, such as demonstrating a good credit score, stable income, and positive rental history. You will also need to get the landlord’s approval and possibly sign a new lease agreement.
Do you need a co-signer if you’re legally an adult?
You might need a co-signer if you’re legally an adult, especially if you have no credit history, limited income, or no prior rental history. Landlords often require a co-signer to mitigate the risk associated with younger tenants.
The information contained in this article is for educational purposes only and does not, and is not intended to, constitute legal or financial advice. Readers are encouraged to seek professional legal or financial advice as they may deem it necessary.
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