An L.A. County judge dismissed a lawsuit challenging L.A.’s “mansion tax” on Tuesday, marking the end of a months-long legal challenge from the luxury real estate community that looked to declare the measure unconstitutional.
The transfer tax known as Measure ULA was passed in November and took effect April 1, bringing a 4% charge on all residential and commercial real estate sales in the city above $5 million and a 5.5% charge on sales above $10 million, pumping millions into housing and homelessness-prevention efforts.
Los Angeles County Superior Court Judge Barbara Scheper issued a tentative ruling dismissing the challenge on Monday after hearing arguments from both sides, and she officially dismissed the lawsuit on Tuesday, according to court documents.
The ruling is a big win for housing activists, who say that L.A. desperately needs the money raised by the tax.
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“This is a great day for Los Angeles,” said Joe Donlin, who serves as director of the United to House LA coalition, which brought the measure onto the ballot in November. “The judge’s ruling confirms what we knew all along: ULA is the law of the land and it’s the will of the people. And it reminds us of the power of the people to shape our city’s future for the good.”
Donlin said he was surprised the ruling came out so soon.
“Before the hearing, we thought it might take weeks or months, but this was a positive sign that the judge didn’t feel compelled by the plaintiff’s arguments,” he said.
Greg Bonett, senior staff attorney for the Public Counsel who worked to defend the measure, applauded the decision, calling it “a resounding victory for the power of the people to initiate transformative solutions to address our city’s housing and homelessness crises.”
The judge’s ruling is a blow for many in the luxury real estate community, who claim that the transfer tax has frozen the market and stifled development.
Keith Fromm, an attorney for Newcastle Courtyards, one of two groups challenging the measure, said he plans to appeal the decision.
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“The order contains numerous errors of law which the appellate courts will hopefully recognize and correct,” Fromm said. “The ruling is simply one step in a very long journey to justice.”
The legal battle — which was headed by two main groups: Newcastle and Howard Jarvis Taxpayers Assn. — became a national conversation, as other cities looked to L.A. to see how it would implement such a tax.
Other cities such as San Francisco, New York City and Culver City have implemented transfer taxes, but L.A.’s is unique in scope and scale, not just taxing home sales but all property sales above $5 million.
Voters approved the measure with a 57% majority in November, and the tax became a hot-button issue immediately after.
Advocates argue that the tax is a way for luxury property owners to contribute to solving L.A.’s housing crisis, while opponents say it discourages development and pushes owners out of L.A. and into cities that don’t have the tax, such as Beverly Hills, West Hollywood or Santa Monica.
“With Measure ULA, we are now going to lose billions of dollars every year in economic development and property tax revenue in order to raise less than $500 million through the tax,” said Jason Oppenheim, a real estate agent with the Oppenheim Group and star of Netflix’s “Selling Sunset.”
The luxury real estate market froze in the months after the measure took effect, as many luxury homeowners looked to find loopholes to avoid paying the tax. Many hired accountants to find workarounds, such as dividing their homes into three parcels and selling them separately to stay under the $5-million threshold at which the tax kicks in.
Many homeowners held off on selling their homes, hoping the lawsuit would overturn the tax. As a result, funds raised by the tax have fallen dramatically short of original projections since sales have slowed.
In November, proponents of the tax estimated it would raise roughly $900 million a year. In March, a report from the city administrative officer lowered that number to $672 million. Then in April, Mayor Karen Bass’s first budget proposal, a $13.1-billion plan, included only $150 million in projected revenue from Measure ULA.
The number was chosen out of caution, as the city wanted to funnel as much money as possible toward housing and homelessness issues but not so much that it wouldn’t be able to pay it back if the measure were ruled unconstitutional.
But with the court’s latest ruling, spending will likely increase.
On Wednesday, the L.A. City Council’s budget, finance and innovation Committee will meet to discuss the implementation process, and the ULA coalition will propose that $12 million be reallocated to short-term emergency assistance for renters.
In August, the City Council passed a $150-million spending plan for funds raised by Measure ULA. It was the first time funds were specifically allocated since the tax was passed in November, and the plan sent money to six programs: short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash assistance for low-income seniors and people with disabilities, tenant protections and affordable housing production.
Inside: Ever wondered how much rent you can afford on a particular hourly wage? Use the rent calculator to see what you can afford on $17 an hour. Find out from the experts in this guide.
Honestly, this is something most people don’t think about until after they get themselves in a troubling situation.
Determining rent affordability is paramount in your financial planning. It’s important to strike a balance between comfortable accommodation and fiscal responsibility to avoid financial strains down the road.
There exists a direct correlation between your income and the rent you can afford to pay. Higher income opens doors to pricier accommodations while lower wages might enforce budget constraints. Understanding this relationship is crucial.
It guides your housing decisions and helps maintain a stable financial footing.
By calculating your rent affordability, you can set a clear budget, establish your housing needs, and navigate the real estate market with ease.
How much rent can I afford making $17 an hour?
If you make $17 an hour, based on a standard 40-hour work week, your gross income would come up to approximately $2,946 per month.
If you follow the 30% rule, this means you should allocate a maximum of $883 each month for rent.
$2946 x 30% = $883.80
However, remember this is a rough estimate and your specific expenses and financial obligations should also be taken into consideration before deciding on a rent budget.
What Percentage of My Income Should Go to Rent?
This is a good question to consider.
Even better when you are trying to figure out how much to save before moving out.
The 30% Rule Explained
The 30% rule is a simple guideline suggesting that one should allocate no more than 30% of their gross (before taxes) monthly income toward rent.1
This rule of thumb has been widely adopted as a measure of rent affordability. The beauty of the 30% rule lies in its simplicity and ease of use, allowing for quick budgeting while maintaining room for other essential expenses.
Be Conservative and Stick with 20%
According to Money Bliss budgeting percentages, adopting a more conservative approach to budgeting by allocating only 20% of your income towards housing costs can be more beneficial.
If you follow the 20% rule, this means you should allocate a maximum of $499 each month for rent.
$2946 x 20% = $499.20
This strategy helps to account for additional expenses such as utilities, unexpected repairs, and other costs that often accompany home ownership or renting.
This reduced allocation promotes being smart with your money to avoid unnecessary financial stress.
When to Consider Stretching the 30% Rule
At times, it might be necessary to stretch the 30% rule particularly in high-cost areas or during short-term situations. It’s crucial, however, to understand the potential ramifications and adjust other spending habits to compensate.
A temporary overshoot could be justifiable if it leads to significant future benefits, like proximity to a well-paying job. Always remember, that this should be an exception rather than the norm.
How Does the Rent Calculator Work?
A rent calculator is a practical tool that aids in estimating the rent you can afford. You don’t want to be forced to live on a shoestring budget.
This simple calculator is based on your hourly income and spending either 20-30% of your gross income on rent.
Fine-tuning your budget is possible by adjusting the percentage you wish to spend on housing. Remember, the final number serves as a guide and may require adjustments based on your financial situation.
Breaking Down Your Monthly Budget
For savvy budgeters, adhering to the 50/30/20 rule can provide a clear framework for managing your expenses and growing your savings. While at Money Bliss, we went a step further to define it as the 20-50-10-20-0 budget rule. (save-basic expenses-give-fun spending-debt).
This approach gives a precise breakdown of your monthly budget, ensuring that you are living within your means while also setting funds aside for future financial security.
Housing Costs
The basic 50/30/20 rule suggests dividing your monthly net income into 50% for necessities such as rent and groceries, 30% for personal wants like clothing or travel, and designating the remaining 20% for savings goals or debt repayment.
By adding these to your housing budget, you get a realistic picture of your monthly accommodation costs.
When budgeting for rent, one must account for other housing costs. These may include utilities like gas, electricity, and water, as well as internet, cable TV, and trash collection. You might also need to factor in the renter’s insurance and potential parking fees.
Essential Living Expenses
In addition to housing, remember to consider essential living expenses in your budget. These include food, transportation, health insurance, and childcare.
In addition, we advise our readers to put aside about 15-25% of their net income for savings. Accounting for these factors ensures you don’t stretch your budget to the limit solely on rent.
Discretionary spending
While you need to cover essential living expenses, it’s also important to allocate funds for discretionary spending – we call it FUN spending.
This category involves non-essential purchases like eating out, entertainment, vacations, and shopping. Using the 50/30/20 rule as a guideline, 30% of your net income can be put towards these wants, allowing you to enjoy your income while staying financially sound.
Factors Influencing Rent Affordability
There are many factors that impact how much you can spend on rent. As such, this will vary from person to person as situations vary. While these numbers are gross income, you need to realize the amount of money coming out for taxes. Many people don’t understand gross income vs net income.
Furthermore, the cost of living and rental prices in your chosen location can greatly impact how much you can afford. So, use the rent affordability calculator!
Location and Rent Prices
The location of a home greatly influences its rent prices. HCOL vs LCOL is a real thing!
Proximity to the city center, schools, parks, and shopping centers typically equate to higher costs. For example, renting trends in 2023 indicated an increase in prices the closer you get to these amenities.2
By choosing to live a bit further out, you may be able to find more affordable rent payments.
Areas with higher crime rates will have lower rents but these tend to come with more issues.
Size and Type of Housing
The size and type of your dwelling can also significantly affect your rent. Large houses with multiple rooms naturally cost more, whereas smaller apartments or studios are less expensive.
The type of housing also plays a role; for instance, a modern, furnished apartment might cost more than an unfurnished one. Tailoring your choice to your needs and budget allows for comfortable living without overspending.
If you have a pet, don’t forget it may cost more plus you have a pet deposit.
Lease Length Considerations
Lease length can directly impact your rent. Longer leases often equate to lower monthly rents, offering landlords a sense of security. On the contrary, short-term or month-to-month leases typically come with a higher price tag due to their inherent flexibility.
Assess your personal situation and potential need for flexibility before deciding on the lease term.
Also, the amount you need to put down as a security deposit can be negotiated.
Tips to Maximize Your Rent Budget
Plan your budget carefully taking into account factors like income, potential expenses, and the cost of living in your chosen location. So, if you are thinking $5000 is enough to move out, you may be surprised.
Use the 30% rule as a guide but be aware that in high cost of living areas, you may need to adjust this percentage. When searching for a rental, compare the cost and amenities of different apartments in your preferred areas and see if there are nearby neighborhoods with cheaper rental costs.
Also, you may need to embrace cost-saving measures such as cooking at home and shopping frugally to free up more income for rent.
You can learn more about those areas on our site.
Tip #1 – Reducing Costs and Saving
There are several ways to reduce housing costs and save more in this tough rental market.
Consider downgrading to a smaller place or moving to a less expensive area.
Negotiate a longer lease term for a reduced monthly rent.
Maybe even consider becoming a permanent housesitter to free up your budget.
Small changes can lead to substantial savings over time.
Learn how to budget on a low income.
Tip #2 -Planning for Future Rent Increases
Each year when your lease is about to renew, always factor in the possibility of future rent increases, which could be influenced by trends in the real estate market and inflation.
Ensuring your income can keep up with these increases is necessary for maintaining affordability. Continually reassess your rent affordability, especially during annual lease renewals or job changes.
Tip #3 – Get Roommates
Sharing your space with a roommate is a practical way to cut down on your living expenses substantially. By having one or more people to share the rental costs, utilities, and even groceries in some instances, you are likely to free up a considerable portion of your budget.
However, it’s important to clearly set boundaries and expectations to maintain a smooth living arrangement.
FAQ on Rent Affordability
Spending more than 30% of your income on rent is generally not advisable. It risks leaving you cash-poor, having insufficient resources for other important expenses like groceries, utility bills, health expenses, retirement savings, or emergency funds.
However, in certain scenarios like living in high-cost areas or prioritizing proximity to work (thus lowering your need for a car), bending the rule temporarily might be justifiable. Always reassess your budget to account for flexibility.
Yes, an increase in your hourly wage can slightly affect the amount of rent you can afford. The raise translates to an increased monthly income, which may enable you to comfortably afford higher rent.
However, it’s important to ensure this does not erode financial stability because lifestyle creep is real. Aim to maintain the key balance between comfortable living and responsible saving.
It’s recommended to reassess your rent affordability annually or when there’s a significant change in your financial situation.
Such changes could be a raise or decrease in income, new financial obligations, or plans to save for major future expenses. Regular evaluations ensure your housing budget aligns with your current financial realities.
Is $17 an hour a livable wage?
Given the average rent in the United States is $1702, $17 an hour is not a livable wage, especially in San Francisco or New York. As such, the maximum you should be spending on rent is $883.
If workers are unable to afford to live in the communities they work in, it puts the whole system under stress. While there have been movements to create low-income housing, it is slow to happen and for many, difficult to apply.
Ultimately, whether this wage allows for a comfortable lifestyle depends largely on your financial habits, commitments, and where you live.
With good financial planning, including a solidly crafted budget that factors in rent, savings, and living expenses, a $17 hourly wage can indeed cater to a decent lifestyle.
Remember to reassess your budget regularly and adjust as necessary to meet changing financial landscapes.
Making wise financial decisions now can lead to a financially secure future. Now, do you have the habits needed to be financially stable?
Source
FiftyThirtyTwenty. “About.” http://fiftythirtytwenty.com/about.html. Accessed December 23, 2023.
Rent. “Rent Growth in Half of Suburbs Outpacing Metro’s Core City.” https://www.rent.com/research/suburban-growth-outpacing-core-city/. Accessed December 23, 2023.
Rent Cafe. “Average Rent in the U.S.” https://www.rentcafe.com/average-rent-market-trends/us/. Accessed December 23, 2023.
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.
The Free Application for Federal Student Aid (FAFSA) for the 2024-25 academic year is preparing to soft launch, following a three-month delay and its most significant redesign since the 1980s.
The Education Department said on its main FAFSA webpage Dec. 27 that the new form will be available to students and families “periodically” while it tests functionality and site performance during planned pauses for maintenance. It urged students and families to continue checking FAFSA.gov for updates.
Anyone who plans to attend college next year should submit the new FAFSA as soon as possible. The sooner you apply, the more money available to you.
The form unlocks federal, state and school-based financial aid, including federal student loans, need-based grants, work-study and even some scholarships. Some of this aid draws from a limited pool and is first come, first served.
How the FAFSA Soft Launch Will Work
The Department said It will save the information of anyone who submits the form during the soft launch, and will not require resubmission when the form is formally launched. Those who submit the FAFSA should receive a confirmation email with preliminary financial aid eligibility information.
The Department said it will provide FAFSA eligibility information to schools and states in late January. Until that time, schools will not be able to answer questions about aid eligibility or status.
In late January, it said, students and families will be able to check the status of their FAFSA form on StudentAid.gov.
What you can do right now
You’ll need an FSA ID to submit the form. Each person who submits financial information for the new FAFSA is called a “contributor.” This could include the student, the student’s spouse, one or both biological or adoptive parents or the parent’s spouse. Each contributor needs a unique username and password — an FSA ID — to log in and complete their portion of the form.
Request your FSA ID on studentaid.gov and plan for a three-day turnaround time to receive it. Students won’t be able to submit the FAFSA until every contributor has their FSA ID.
What’s new with the new FAFSA
The fresh FAFSA formula could impact students’ financial aid packages. An additional 610,000 students from low-income backgrounds are expected to qualify for the Pell Grant, which gives students up to $7,395 that doesn’t need to be repaid.
The new formula, however, eliminates the so-called “sibling discount,” so parents no longer get a break for having multiple children in college at the same time.
If you’re a current college student and need help completing the 2024-25 FAFSA, reach out to your college’s financial aid office. If you’re a prospective college student, contact your high school college counselor or the financial aid offices of the schools to which you’re applying.
Inside: Ever wondered how much rent you can afford on a particular hourly wage? Use the rent calculator to see what you can afford on $18 an hour. Find out from the experts in this guide.
Honestly, this is something most people don’t think about until after they get themselves in a troubling situation.
Determining rent affordability is paramount in your financial planning. It’s important to strike a balance between comfortable accommodation and fiscal responsibility to avoid financial strains down the road.
There exists a direct correlation between your income and the rent you can afford to pay. Higher income opens doors to pricier accommodations while lower wages might enforce budget constraints. Understanding this relationship is crucial.
It guides your housing decisions and helps maintain a stable financial footing.
By calculating your rent affordability, you can set a clear budget, establish your housing needs, and navigate the real estate market with ease.
How much rent can I afford making $18 an hour?
If you make $18 an hour, based on a standard 40-hour work week, your gross income would come up to approximately $3,120 per month.
If you follow the 30% rule, this means you should allocate a maximum of $936 each month for rent.
$3120 x 30% = $936
However, remember this is a rough estimate and your specific expenses and financial obligations should also be taken into consideration before deciding on a rent budget.
What Percentage of My Income Should Go to Rent?
This is a good question to consider.
Even better when you are trying to figure out how much to save before moving out.
The 30% Rule Explained
The 30% rule is a simple guideline suggesting that one should allocate no more than 30% of their gross (before taxes) monthly income toward rent.1
This rule of thumb has been widely adopted as a measure of rent affordability. The beauty of the 30% rule lies in its simplicity and ease of use, allowing for quick budgeting while maintaining room for other essential expenses.
Be Conservative and Stick with 20%
According to Money Bliss budgeting percentages, adopting a more conservative approach to budgeting by allocating only 20% of your income towards housing costs can be more beneficial.
If you follow the 20% rule, this means you should allocate a maximum of $624 each month for rent.
$3120 x 20% = $624
This strategy helps to account for additional expenses such as utilities, unexpected repairs, and other costs that often accompany home ownership or renting.
This reduced allocation promotes being smart with your money to avoid unnecessary financial stress.
When to Consider Stretching the 30% Rule
At times, it might be necessary to stretch the 30% rule particularly in high-cost areas or during short-term situations. It’s crucial, however, to understand the potential ramifications and adjust other spending habits to compensate.
A temporary overshoot could be justifiable if it leads to significant future benefits, like proximity to a well-paying job. Always remember, that this should be an exception rather than the norm.
How Does the Rent Calculator Work?
A rent calculator is a practical tool that aids in estimating the rent you can afford. You don’t want to be forced to live on a shoestring budget.
This simple calculator is based on your hourly income and spending either 20-30% of your gross income on rent.
Fine-tuning your budget is possible by adjusting the percentage you wish to spend on housing. Remember, the final number serves as a guide and may require adjustments based on your financial situation.
Breaking Down Your Monthly Budget
For savvy budgeters, adhering to the 50/30/20 rule can provide a clear framework for managing your expenses and growing your savings. While at Money Bliss, we went a step further to define it as the 20-50-10-20-0 budget rule. (save-basic expenses-give-fun spending-debt).
This approach gives a precise breakdown of your monthly budget, ensuring that you are living within your means while also setting funds aside for future financial security.
Housing Costs
The basic 50/30/20 rule suggests dividing your monthly net income into 50% for necessities such as rent and groceries, 30% for personal wants like clothing or travel, and designating the remaining 20% for savings goals or debt repayment.
By adding these to your housing budget, you get a realistic picture of your monthly accommodation costs.
When budgeting for rent, one must account for other housing costs. These may include utilities like gas, electricity, and water, as well as internet, cable TV, and trash collection. You might also need to factor in the renter’s insurance and potential parking fees.
Essential Living Expenses
In addition to housing, remember to consider essential living expenses in your budget. These include food, transportation, health insurance, and childcare.
In addition, we advise our readers to put aside about 15-25% of their net income for savings. Accounting for these factors ensures you don’t stretch your budget to the limit solely on rent.
Discretionary spending
While you need to cover essential living expenses, it’s also important to allocate funds for discretionary spending – we call it FUN spending.
This category involves non-essential purchases like eating out, entertainment, vacations, and shopping. Using the 50/30/20 rule as a guideline, 30% of your net income can be put towards these wants, allowing you to enjoy your income while staying financially sound.
Factors Influencing Rent Affordability
Many factors impact how much you can spend on rent. As such, this will vary from person to person as situations vary. While these numbers are gross income, you need to realize the amount of money coming out for taxes. Many people don’t understand gross income vs net income.
Furthermore, the cost of living and rental prices in your chosen location can greatly impact how much you can afford. So, use the rent affordability calculator!
Location and Rent Prices
The location of a home greatly influences its rent prices. HCOL vs LCOL is a real thing!
Proximity to the city center, schools, parks, and shopping centers typically equate to higher costs. For example, renting trends in 2023 indicated an increase in prices the closer you get to these amenities.2
By choosing to live a bit further out, you may be able to find more affordable rent payments.
Areas with higher crime rates will have lower rents but these tend to come with more issues.
Size and Type of Housing
The size and type of your dwelling can also significantly affect your rent. Large houses with multiple rooms naturally cost more, whereas smaller apartments or studios are less expensive.
The type of housing also plays a role; for instance, a modern, furnished apartment might cost more than an unfurnished one. Tailoring your choice to your needs and budget allows for comfortable living without overspending.
If you have a pet, don’t forget it may cost more plus you have a pet deposit.
Lease Length Considerations
Lease length can directly impact your rent. Longer leases often equate to lower monthly rents, offering landlords a sense of security. On the contrary, short-term or month-to-month leases typically come with a higher price tag due to their inherent flexibility.
Assess your personal situation and potential need for flexibility before deciding on the lease term.
Also, the amount you need to put down as a security deposit can be negotiated.
Tips to Maximize Your Rent Budget
Plan your budget carefully taking into account factors like income, potential expenses, and the cost of living in your chosen location. So, if you are thinking $5000 is enough to move out, you may be surprised.
Use the 30% rule as a guide but be aware that in high cost of living areas, you may need to adjust this percentage. When searching for a rental, compare the cost and amenities of different apartments in your preferred areas and see if there are nearby neighborhoods with cheaper rental costs.
Also, you may need to embrace cost-saving measures such as cooking at home and shopping frugally to free up more income for rent.
You can learn more about those areas on our site.
Tip #1 – Reducing Costs and Saving
There are several ways to reduce housing costs and save more in this tough rental market.
Consider downgrading to a smaller place or moving to a less expensive area.
Negotiate a longer lease term for a reduced monthly rent.
Maybe even consider becoming a permanent housesitter to free up your budget.
Small changes can lead to substantial savings over time.
Learn how to budget on a low income.
Tip #2 -Planning for Future Rent Increases
Each year when your lease is about to renew, always factor in the possibility of future rent increases, which could be influenced by trends in the real estate market and inflation.
Ensuring your income can keep up with these increases is necessary for maintaining affordability. Continually reassess your rent affordability, especially during annual lease renewals or job changes.
Tip #3 – Get Roommates
Sharing your space with a roommate is a practical way to cut down on your living expenses substantially. By having one or more people to share the rental costs, utilities, and even groceries in some instances, you are likely to free up a considerable portion of your budget.
However, it’s important to clearly set boundaries and expectations to maintain a smooth living arrangement.
FAQ on Rent Affordability
Spending more than 30% of your income on rent is generally not advisable. It risks leaving you cash-poor, having insufficient resources for other important expenses like groceries, utility bills, health expenses, retirement savings, or emergency funds.
However, in certain scenarios like living in high-cost areas or prioritizing proximity to work (thus lowering your need for a car), bending the rule temporarily might be justifiable. Always reassess your budget to account for flexibility.
Yes, an increase in your hourly wage can slightly affect the amount of rent you can afford. The raise translates to an increased monthly income, which may enable you to comfortably afford higher rent.
However, it’s important to ensure this does not erode financial stability because lifestyle creep is real. Aim to maintain the key balance between comfortable living and responsible saving.
It’s recommended to reassess your rent affordability annually or when there’s a significant change in your financial situation.
Such changes could be a raise or decrease in income, new financial obligations, or plans to save for major future expenses. Regular evaluations ensure your housing budget aligns with your current financial realities.
Is $18 an hour a livable wage?
Given the average rent in the United States is $1702, $18 an hour is not a livable wage, especially in San Francisco or New York. As such, the maximum you should be spending on rent is $936.
If workers are unable to afford to live in the communities they work in, it puts the whole system under stress. While there have been movements to create low-income housing, it is slow to happen and for many, difficult to apply.
Ultimately, whether this wage allows for a comfortable lifestyle depends largely on your financial habits, commitments, and where you live.
With good financial planning, including a solidly crafted budget that factors in rent, savings, and living expenses, a $18 hourly wage can indeed cater to a decent lifestyle.
Remember to reassess your budget regularly and adjust as necessary to meet changing financial landscapes.
Making wise financial decisions now can lead to a financially secure future. Now, do you have the habits needed to be financially stable?
Source
FiftyThirtyTwenty. “About.” http://fiftythirtytwenty.com/about.html. Accessed December 23, 2023.
Rent. “Rent Growth in Half of Suburbs Outpacing Metro’s Core City.” https://www.rent.com/research/suburban-growth-outpacing-core-city/. Accessed December 23, 2023.
Rent Cafe. “Average Rent in the U.S.” https://www.rentcafe.com/average-rent-market-trends/us/. Accessed December 23, 2023.
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.
Editor’s note: In June 2014, the Consumer Financial Protection Bureau (CFPB) took enforcement action against Truist for unlawful and deceptive practices. Truist was ordered to pay at least $500 million to underwater borrowers, provide $40 million to victims of foreclosure, pay a penalty to the Department of Justice and establish homeowner protections to prevent further violations. Because of this, we can’t currently recommend Truist as a lender.
Truist offers several options for mortgage purchase and refinance loans, including doctor loans for qualified physicians and dentists. If you’re thinking about applying for a mortgage from Truist, here’s what you should know first.
Truist
Blueprint Rating
Truist overview
Truist has roots that date back to 1872, when the Branch Banking and Trust Company (BB&T) was founded. In 2019, BB&T merged with SunTrust Banks to form the Truist Financial Corporation.
Unfortunately, in its short time as Truist, the company has garnered thousands of poor reviews from customers. The company is accredited with the Better Business Bureau (BBB) and has an A+ BBB rating. However, as of Dec. 12, 2023, the company has a BBB star rating of just 1.09 out of 5.0, based on over 2,300 customer reviews. Customers complained about having trouble contacting customer service and others complained about fraudulent activities within their account. Truist seems to send an automated reply to these reviews, telling them to contact the company directly.
As of Dec. 12, 2023, Truist has also earned a star rating of 1.2 out of 5.0 stars on Trustpilot, based on 1,300 reviews.
How to qualify for a Truist mortgage
Truist offers a variety of mortgage loans, each with its own requirements. Here’s how to put yourself in the best standing to qualify for a Truist mortgage.
How to apply for a Truist mortgage
Compare lenders and get pre-qualified. Before you apply, be sure to compare as many mortgage lenders as possible, including Truist, to find the right loan for your needs. Consider interest rates, repayment terms, eligibility requirements and other factors as you weigh your choices. Truist as well as many other lenders allow you to pre-qualify with only a soft credit check that won’t affect your credit score — this will give you an idea of how much you can borrow and help you set a budget.
Pick a lender and apply. If you choose to go forward with Truist, you can start the formal application process online, by phone or in person at a local Truist branch. Speak with a loan officer to complete the application and determine the right type of mortgage for you. Be prepared to provide required documents, such as proof of income, assets, identification and previous tax statements. Work with the bank to answer any questions and document requests in a timely manner to avoid delays.
Close on the loan. The loan approval process with Truist typically takes about 30 to 60 days. If you’re approved, your loan will be scheduled to close. On closing day, you’ll sign paperwork and pay the closing costs, after which you’ll get the key to your new home.
Pros of a Truist mortgage
Offers doctor loans to medical and dental professionals.
Offers construction-to-permanent loans.
Can apply online, over the phone or in person in some areas.
Cons of a Truist mortgage
Doesn’t offer mortgages backed by the U.S. Department of Agriculture (USDA).
Poor customer service reviews.
Only available in 15 states and Washington, D.C.
Truist perks and special features
Savings and discounts
Like many other lenders, Truist offers you the option to buy mortgage points. These will permanently lower the interest rate on your loan for an upfront fee. If you intend to stay in the home for the length of the loan, mortgage points can save you thousands of dollars on interest payments.
Offers doctor loans
If you’re a medical doctor or dentist, a doctor loan could be a good option. These loans aren’t offered by many lenders. But with Truist’s doctor loan, qualified physicians and dentists can get a more favorable interest rate and make a lower or no down payment, even if they have student loans.
Offers construction-to-permanent loans
Another loan type that Truist offers that a lot of other mortgage lenders don’t is a construction-to-permanent loan. If you’re building a home, you can get one loan that funds the construction. Once the construction is complete, this loan will roll over into a traditional mortgage.
With Truist’s construction-to-permanent loan, you’ll make interest-only payments during construction and have only one set of closing costs for the land, construction and mortgage. Plus, there are no penalties for prepayment, so you don’t have to worry about being charged if you pay the mortgage off early.
Multiple ways to apply
Truist offers you the ability to apply over the phone, online or in person. With so many people turning to online mortgage applications, the fact that Truist offers physical locations can be an asset if you prefer to apply for a mortgage in person. Buying a home is a big decision and having someone to talk to face-to-face can be helpful.
How Truist could improve
Offer USDA loans
For much of rural America, a USDA loan increases their ability to own a home. These government-backed loans are for low-income families buying a home in specific rural areas. Truist, however, doesn’t offer these loans, which limits options for those who don’t live in cities. If Truist wants to improve its offerings, one way could be to provide a USDA loan option.
Improve customer service
Just browsing sites like BBB and Trustpilot can leave you with the impression that Truist isn’t well-regarded. There are a lot of negative reviews, complaining about a variety of things. These include the bank’s slowness in responding to deposits, improper handling of accounts and multiple accounts being hacked. Customers complain that they often are required to visit branches in person to resolve these issues, which is a problem when there are limited hours.
Expand availability
Truist is only available in 15 states and Washington, D.C. Its locations are mostly in the South and eastern parts of the country. Truist’s mortgages could reach more people if it expanded its availability to additional areas.
While Truist’s roots lie in operating as a traditional brick-and-mortar bank, it could make its mortgages available to a wider part of the country while maintaining its current in-person branches.
Truist customer service and reviews
There are multiple ways to contact Truist. You can visit a branch in person, connect on social media or call. You can talk to someone Monday through Friday, 8 a.m. to 8 p.m. Eastern Time (ET) and 8 a.m. to 5 p.m. ET on Saturdays. After hours, there’s 24-hour automated assistance.
The company also offers a mobile app, which lets you view your accounts, make payments and more. The app has a rating of 4.7 out of 5.0 stars on both the App Store and the Google Play store as of Dec. 12, 2023. However, many recent reviews note that the app has suffered since the merger to form Truist, with customers citing that recent versions are slow and unstable.
Customer reviews
Truist has received many negative reviews from customers on sites like BBB and Trustpilot. Some trends among these reviews state that the company is difficult to contact, accounts are often locked and promotions the company runs are misleading.
As of Dec. 12, 2023, these reviews have resulted in a BBB customer rating of 1.09 out of 5.0 stars and a Trustpilot rating of 1.2 out of 5.0 stars.
CFPB action
In 2014, SunTrust (a predecessor of Truist), was required by the CFPB to pay customers $540 million due to wrongfully servicing their loans. The company was also required to pay a penalty of $418 million to the Department of Justice. These institutions found that SunTrust was illegally foreclosing on homes by denying loan modifications, deceiving homeowners and charging unauthorized fees.
Truist alternatives: Truist vs. Bank of America vs. Chase
It’s important to consider a wide variety of mortgage lenders before applying for a loan. Two competitors to consider in addition to Truist include Bank of America and Chase.
Bank of America is a multinational financial company with ties back to 1784, when its predecessor, the Massachusetts Bank, was founded. As of 2021, it holds over $3.17 trillion in total assets and operates worldwide.
Chase Bank is a subsidiary of the holding company JPMorgan Chase & Co. Its history dates back to 1799 when its predecessor was founded as The Manhattan Company. As of 2021, JPMorgan Chase & Co. held over $3.7 trillion in total assets, making it the largest financial institution in the country.
While Truist is a big bank with a lot of history, both Bank of America and Chase are much larger than Truist. Mortgages are small parts of their businesses. With either of these banks, you might have more financing options. However, with a place like Truist, you could have a more personalized experience. While Truist is only available in 15 states and Washington D.C., that can be a positive as chances are higher that a Truist loan officer would be more familiar with state laws and assistance programs.
Frequently asked questions (FAQs)
The exact credit score you’ll need to get a Truist mortgage depends on the type of loan you choose. You must have a minimum credit score of 620 to qualify for FHA, VA and conventional mortgages. For jumbo loans, you’ll need a score of at least 680.
Truist mortgages are available in 15 states plus Washington, D.C. These states include:
Alabama
Florida
Georgia
Indiana
Kentucky
Maryland
New Jersey
North Carolina
Ohio
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
West Virginia
Single-family homes, condominiums and some multi-unit properties are all eligible properties for personal mortgages. Truist also offers loans for real estate investors.
Truist is one of the 10 largest banks in the U.S. You don’t get that without repeat customers. Still, the recent merger of BB&T and SunTrust has caused hiccups with client accounts. Also, in 2014, SunTrust the CFPB required SunTrust to pay customers $540 million in relief due to wrongfully servicing their loans.
Raising a child could be one of the most rewarding experiences you’ll ever know, from watching your little one grow, seeing their interests take shape, and sharing all kinds of experiences with them, from baby’s first trip to the beach to high school graduation.
But there are practical matters to consider as well when a baby arrives, including paying for your child’s care. Those expenses start coming at you quickly after your little one is born. Daycare, for instance, can be an urgent expense. Currently, the average weekly cost of daycare is around $216, which is just over 17% of the median national household income.
Making ends meet can be a challenge for many families. Perhaps your budget was running smoothly but now you have to accommodate this expense. Or maybe you are wondering how you can move ahead with saving for a house when you’ll have less money to stash into savings. Read on to take a closer look at the kinds of daycare available and wise strategies for making ends meet.
Table of Contents
Types of Daycare
Yes, there’s a considerable cost to raising a child, and daycare is part of that. It can allow you to continue to work or attend to other priorities and ensure your little one is well cared for.
That said, there are a number of different types of daycare, but one of the most important distinctions is the difference between home-based care and formal daycare programs.
Home-based Daycare
Home-based, or informal, care is typically cheaper than formal daycare options, but there can be some drawbacks so it’s important to thoroughly review your options.
Each state determines their own regulations for home-based daycares. Most require providers to meet a certain level of training in order to provide care. Before you select a home-based daycare, you can check the requirements and regulations on sites like this one at Childcare.gov or visit your state’s website. You can likely find the information you are seeking via the Office of Children and Family Services.
It’s likely that safety will be one of your top concerns. Check that childcare providers are fully licensed and credentialed. Since many of the home-based providers are run by a sole proprietor, you may get less oversight than at a formal facility. That is, the operator may be so small that it’s not required to be licensed.
Licensing, however, can be a very important factor. It ensures such things as:
• Criminal background checks for the staff
• Training in such matters as CPR, safe sleep habits for children who are young enough to be napping at daycare, and first aid
• Proper sanitation
• Emergency and safety preparations.
Ask about the care providers’ background and qualifications. It’s more likely that those working at formal daycare centers (more on those below) will have specialized training. For instance, the work could be a side job for a teacher.
If you do decide to go with home-based daycare, make sure to check the provider’s references carefully, even if they have the appropriate licenses. You can also talk to them about the schedule for children in their care and how they will work to stimulate your child’s learning so that they’re ready for preschool. Many parents or prospective parents may ask to visit and observe how the daycare operates.
Formal Daycare
When it comes to formal childcare programs, there are also a lot of different options. Some employers offer childcare programs on site; others are Montessori schools or affiliated with other educational institutions. There may be some that are operated as franchises in your area.
Their approaches will probably vary as well: Some formal daycares aim to provide a cozy, relaxed atmosphere, while others focus on early childhood education and skill-building.
It may be wise to tour a few different options, just to get a fuller picture of how your child will spend their day. You’ll want to see what the premises and caregivers are like and understand the flow of the day.
Often, the more additional services that a daycare provider offers, the more it will cost. For instance, if you are looking for a bilingual daycare, it will probably cost more than one in which just English is spoken, as the provider has to spend more time and energy hiring its staff. Also, the more personalized the care (as in, the lower the child-to-caregiver ratio), the more expensive it may be. 💡 Quick Tip: A low-interest personal loan from SoFi can help you consolidate your debts, lower your monthly payments, and get you out of debt sooner.
Paying for Daycare
When you start a family or expand it, the expenses can come at you in a flurry: doctor’s appointments, food, clothing, furniture, strollers, and so forth. That alone is enough to stretch your budget to the max. Add daycare to the mix, and your income can feel the pressure.
Here, some steps to help you afford childcare.
Retool Your Budget: The first thing you can do is cut back on other areas of your budget in order to free up money to put towards daycare costs. You might be able to lower your food costs, say, or have staycations for the next few years.
If you don’t have a budget or aren’t happy with how yours is working, consider the different budgeting methods available, and experiment to find one that’s the right fit.
You might also look into apps to help you monitor spending. Your financial institution, whether a traditional or online bank, may have tools to help you do this.
Save in a Dependent Care Account: If your employer provides you with a Flexible Spending Account (FSA), then you can put up to $5,000 in your account tax-free that can be used for daycare. Beware of over-contributing, however; anything you don’t use by the end of the year will be forfeited.
Check on State Money: Each state has a child care assistance program designed to help low-income parents pay for care for dependents under 13. This program is funded by the federal government. You might see if you qualify.
Use the Child Care Tax Credit: While it won’t help you pay for daycare upfront, you can get a refund on some of your daycare costs by applying for the Child Care Tax Credit. If you itemize your taxes, you can get a tax credit by including up to $3,000 in daycare expenses per year per child or $6,000 per family.
Look into a Loan: If all else fails and you can’t find the money to pay for daycare, you may consider borrowing a personal loan rather than putting your daycare expenses on a credit card. You’ll likely enjoy lower interest rates with a personal loan.
Recommended: Guide to Paying for Child Care While in School
The Takeaway
Finding the right childcare for your family is a personal choice. The main options are home-based or formal daycare. Regardless, you’ll have to balance your child’s needs with your budget and financial plan. There are options such as budgeting, taking tax credits, getting government assistance, or taking out a loan.
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State officials have revived a popular grant program to help lower-income California homeowners build accessory dwelling units by covering some of the upfront costs. But funding is limited, so demand for aid may soon outstrip the supply of dollars.
The California Housing Finance Agency’s ADU Grant Program offers up to $40,000 to qualified homeowners to cover pre-construction costs of an ADU, including planning and permit fees for the structure. The program exhausted its initial $100 million months ago, causing the agency to stop taking applications; now, $25 million more is available for homeowners seeking help.
Obtaining a grant is not as simple as filling out a form online, however. For starters, applicants have to meet the program’s new income limits. Household income must be less than 80% of the area median income, which translates in Los Angeles County to $84,160. That’s down from 150% of the area median income in the initial round of grants.
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Applicants also need to work through a state-approved lender or “special financing participant” because the grants aren’t paid to homeowners — they’re paid to lenders. The CalHFA website lists 18 participating lenders as well as 10 governmental or nonprofit agencies, including Neighborhood Housing Services of Los Angeles County, which specializes in affordable housing.
Typically, homeowners must obtain a construction loan for an ADU from a participating lender before seeking an ADU grant. The loan will cover the costs that the grants will reimburse, including architectural designs, permits, soil tests, impact fees, property surveys, energy reports and utility hookups, the agency says. These expenses can make up a sizable portion of the cost of a new ADU, especially one built by converting a garage or other existing structure.
If you haven’t started work on an ADU yet, let alone obtained a loan, you can still get in line for a state grant. Neighborhood Housing Services, which provides construction loans for ADUs, says it will try to reserve a potential grant for anyone who emails it two pieces of information: a current mortgage statement and one month’s worth of pay stubs or other proof of income. The information, which should be sent to [email protected], should also include the person’s legal name, address and Social Security number.
A homeowner who meets the income limits but can build an ADU without a loan can still apply for a grant through NHSLA. But the agency’s construction team would have to manage the project and the grant funds, said Iris Cruz of Neighborhood Housing Services.
Grant applicants will have to sign and submit an affidavit to CalHFA attesting to several things about themselves and their plans, including that they are a U.S. citizen or legal resident; they own and have their primary residence on the property where the ADU is being built; they will use the ADU for permanent housing or long-term rentals; and the ADU will conform to local building and zoning codes. If any of those statements prove to be false, the applicant could face a prison term and a fine of up to $10,000.
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The lender, meanwhile, will have to attest that the grant applicant meets the program’s income limits.
Our experts answer readers’ home-buying questions and write unbiased product reviews (here’s how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.
Nurses who are looking for first-time homebuyer assistance have plenty of options available to them — including programs that are exclusive to individuals in the nursing profession as well as programs that are available to everyone. Plus, some companies stand out as the best mortgage lenders for first-time homebuyers.
If you work as a nurse and are ready to become a homeowner, here’s how you can find mortgages and grants to help you achieve that goal.
Are there special home loans for nurses?
Yes, there are a few different homebuyer programs available on a national level that help nurses and other healthcare professionals afford homeownership. This includes the Nurse Next Door program and Homes for Heroes.
However, you might find that you can get better assistance by utilizing programs that are available to all first-time homebuyers and aren’t limited by profession. Not that these programs specifically for nurses can’t be helpful, but there are many more first-time homebuyer loans available to the general population. So be sure to explore all your options to make sure you’re getting the help you need.
Your city or county housing authority may also have loans, grants, or other types of assistance for healthcare workers or first-time and low-income buyers. You can check the housing authority’s website to see what’s available.
How does the Nurse Next Door program work?
The Nurse Next Door program offers grants and down payment assistance to nurses and other healthcare professionals.
“Many times, the grants and other assistance we provide is the difference maker in purchasing a new home for their family,” says Stephen Parks, the national director of the Next Door programs, which includes Nurse Next Door and Teacher Next Door.
Parks says that those who utilize the program can get a grant up to $8,000 and up to $10,681 in down payment assistance.
Nurse Next Door program requirements
All healthcare employees are eligible for Nurse Next Door, so you don’t need to be an RN to benefit from the program. You don’t even need to be a first-time homebuyer.
You will, however, be limited in the professionals you can work with as you go through the homebuying process. Nurse Next Door participants will need to work with a Nurse Next Door-affiliated real estate agent and one of its preferred mortgage lenders.
If you’re considering this program, you may want to apply and shop around with other mortgage lenders as well, to compare rates and other offers of down payment assistance. This will help ensure you get the best overall deal.
Nurse Next Door program income limits
There are no income limits to use the Nurse Next Door program, though local down payment assistance offered through the program may have its own limits.
Do nurses qualify for the Good Neighbor Next Door program?
The US Department of Housing and Urban Development offers a program called Good Neighbor Next Door. GNND allows public servants to buy HUD-owned foreclosed homes in certain areas at a 50% discount.
Currently, nurses do not qualify for GNND. The program is only available to law enforcement officers, teachers, firefighters, and EMTs.
Homes for Heroes program for nurses
Homes for Heroes is a program that helps people in certain public service professions get discounts throughout the homebuying process. Nurses are eligible for Homes for Heroes, as are doctors and other healthcare professionals.
When you buy a house through this program, you’ll work with Homes for Heroes-affiliated professionals to get discounts on various services. Homes for Heroes says buyers save an average of $3,000 through the program, which comes in the form of a check after closing.
Low down payment home loans for nurses
The most popular types of mortgages all come with low or no down payment options for borrowers who qualify. If you’re a nurse with little savings or a lower income, you might benefit from getting one of these mortgages.
“Finding an affordable mortgage is simpler than one might think, as there are many great options and strategies that can help consumers achieve their homeownership goals,” says Eileen Tu, executive vice president of product development for Rocket Mortgage. “Future buyers can start laying the groundwork for their homeownership journey by raising their credit score and researching all loan options, including FHA loans.”
FHA loan
“These loans are particularly attractive for first-time homebuyers since they only require a 3.5% down payment and have more flexible homebuyer credit guidelines,” Tu says.
Borrowers only need to put 3.5% down to get an FHA loan. These mortgages, which are backed by HUD, are geared toward first-time and low-income borrowers, and come with less stringent credit requirements.
To qualify for an FHA loan, you’ll generally need at least a 580 credit score. However, if you make a 10% down payment, you could potentially qualify with a score as low as 500.
FHA loans also come with some of the lowest mortgage interest rates available, making them very affordable for borrowers.
Conventional loan
Conventional loans aren’t backed by a government agency, so they typically require borrowers to have better credit scores and low debt-to-income ratios. But they also often allow even lower down payments.
Borrowers may qualify for a conventional loan with as little as 3% for a down payment. You’ll need at least a 620 credit score to qualify.
VA loan
VA loans are backed by the US Department of Veterans Affairs, and they’re only available to military servicemembers and veterans who meet minimum service requirements. If you qualify for one of these mortgages, you could buy a home with 0% down and a low mortgage rate.
The VA doesn’t set a minimum credit score for the loans it guarantees, but many lenders require at least a 620 score. But some do allow lower scores.
USDA loan
If you’re buying a home in a rural or suburban area, you might qualify for a USDA loan. These mortgages also allow borrowers to purchase a home with no down payment.
You’ll need a decent credit score to qualify for a USDA loan — typically, at least 640. Like other government-backed mortgages, USDA loans generally offer lower rates compared to conventional mortgages.
Lender programs for nurses
As you shop around for a mortgage lender, ask about any programs they have for healthcare professionals. While it’s more common for lenders to offer mortgages specifically for doctors, rather than nurses, you may find lenders that also have programs for a wider range of healthcare professionals.
Flagstar Bank, for example, offers “professional loans” for nurses, nurse practitioners, nurse anesthetists, and other professions that require specialized training. These loans allow no down payment on amounts up to $1 million with a 740 credit score. You also won’t pay private mortgage insurance.
Guild Mortgage also offers a Medical Professional program that is available to nurses.
Additionally, some of the best mortgage lenders offer special programs to help first-time or low-income borrowers get into a home, regardless of their profession.
Tu suggests Rocket Mortgage’s ONE+ program for borrowers looking for homebuying assistance. With ONE+, you’ll only need 1% for a down payment, and the lender will provide a 2% grant to cover the rest. United Wholesale Mortgage, a wholesale lender that you can only work with through a mortgage broker, has a similar program.
Many of the most popular mortgage lenders offer programs that combine affordable mortgages with down payment or closing cost assistance. Smaller local lenders may also offer assistance. When you apply for a mortgage, ask what’s available to you.
Home loans for nurses FAQs
Nurses may be able to get a discount on their mortgage depending on what programs are available to them. Nurse Next Door and Homes for Heroes both offer discounts to healthcare professionals, including nurses.
Some programs specifically for nurses — as well as first-time and low-income homebuyer programs more generally — may advertise lower interest rates. But the only way to be sure you’re getting a low rate is to get approved with multiple lenders and compare the rates you’re offered.
A mortgage lender will look at all the income the nurse has earned in the last two years and use that to determine how much they earn per month on average.
The South End is a unique neighborhood. Like many in Boston, it is built on reclaimed marshland. But the modern-day South End is a bustling, vibrant, diverse district filled with hipsters and doctors and old school Bostonians, trendy eateries and dive bars and pricey mansions and housing projects.
The South End is alive with public parks and green spaces, restaurants and vintage clothing shops, mansions and South End apartments. Even before its swaths of gentrification, it was a haven for the LGBTQ community.
But its most distinguishing feature is its Victorian-style row houses. In fact, South End, Boston’s 300-acre district of original Victorian homes which is the largest collection in the nation.
Where is the South End in Boston?
Despite its name, the South End is not the south end of Boston. South End is not even directly south of downtown, that’s reserved for Southie. Sure, there was a time when the South End was the southern limits of the city, but that was back in the days when most of Boston was tidal marshes.
Source: Rent.
The South End sits southwest of downtown, with Chinatown forming its northern border. Back Bay and Fenway-Kenmore are along its western side. Roxbury (and more specifically Lower Roxbury) is to its south. And, yes, South Boston is to the east. The Mass Pike and the I-93 Central Artery join at the northeast corner. Melnea Cass Boulevard and the Massachusetts Avenue Connector are along South End’s south end. The Boston & Providence Railroad and the Southwest Corridor Park form its northwest border.
Tremont and Washington Streets and Columbus Avenue are the primary east/west thoroughfares. The South End, Boston ZIP Code 02118 covers most of the neighborhood.
South End overview
The South End in part is as homey and traditional Boston as the old neighborhoods of Southie. It’s also in part as buzzy and hip as Fenway–Kenmore. And parts are as upscale as the best of Back Bay.
It’s the South End’s diversity that keeps it fresh and unique. Every block of South End is distinct from every other, and a plethora of different people, cultures and economic backgrounds exist.
Studio average rent: $2,586
One-bedroom average rent: $3,304
Two-bedroom average rent: $4,590
Walk score: 95.17
Bike score: 84.82
Transit score: 93.29
Living in the South End
So what is it like living in South End, Boston? It’s a diverse and distinct neighborhood. There are many whites as non-whites, and represents backgrounds and cultures from across the globe. It’s hip and traditional, upscale and down to earth. It’s family-friendly and LGBTQ-friendly, with gritty old-time New Englanders and young couples.
The South End is convenient and lively, full of things to do and places to go. And wherever you are, it’s easy to get to.
Demographics
The South End has always been diverse. It has Irish, Lebanese, Greek, Puerto Rican, Jewish and Black communities, many dating back to the 1880s. Today it is home to many immigrant and ethnic communities, young professionals, long-time residents and a significant LGBTQ presence since World War II.
The neighborhood has both wealthy and low-income sections, with an average income nearing $60,000.
Despite gentrification, the neighborhood remains nearly 50/50 white versus non-white, including nearly equal populations of Black, Latino and Asian-American residents.
The median age is 36, just below half live alone and just over half are college grads.
Education
The South End is home to the McKinley Schools, a collection of institutions for kindergarten through graduation, including the McKinley South End Academy. Blackstone Elementary School matriculates students through fifth grade. Josiah Quincy Upper School operates from sixth through twelfth grade. These are all public institutions within the Boston Public Schools system.
The Benjamin Franklin Institute of Technology is a private college for engineering and industrial technology. It was founded in 1908 with funds from Franklin’s will and a gift from Andrew Carnegie.
Safety
Previously, the neighborhood was one of the most dangerous in the city. Today, with its economic diversity, the South End is broader, with both safe family-friendly blocks and risky streets near subsidized housing.
In general, it has relatively low rates of violent street crime compared to other nearby neighborhoods. Property crime is also on par with Boston in total.
Sidewalks are readily available and the streets are mostly well lit.
Recreation and entertainment
The South End is known for its lush and accessible green spaces. The neighborhood features 11 residential parks, many of which are English-style squares featuring fountains and cast iron fencing. There are a number of pocket parks and community gardens as well.
Some of the best trendy restaurants and cafés dot the South End, including the original J.J. Foley’s Café which dates back to 1909. The neighborhood is ranked the second-best for restaurants in all of Boston. It also has a lively bar scene, especially of the dive variety. Jazz it up over at Wally’s Café, one of the nation’s oldest jazz clubs.
Galleries abound, particularly in the SoWa (South of Washington) Art + Design District. And nearby, don’t miss the SoWa Open Market for everything from luncheonettes to art galleries with food trucks and pop-up beer gardens.
The South End also a shopper’s haven, including high-end florists, vintage clothing, twee furniture and even fresh meat at the iconic The Butcher Shop.
Transportation
The MBTA Orange Line runs along the northwestern border of the South End. Ruggles, Massachusetts Avenue and Back Bay stations all serve the neighborhood. As well, the T stations on the Green Line at Copley, Symphony and Prudential in Back Bay are just a block or two away. MBTA commuter rail trains stop at both Ruggles and Back Bay stations along the Franklin, Needham, Providence/Stoughton and Framingham/Worcester lines. And the Silver Line bus rapid transit to downtown runs along Washington Street.
The South End is reached easily by car. The neighborhood is accessible off the Massachusetts Turnpike Exit 22 Dartmouth Street at Copley Place and Exit 24 at South Station.
Medical care
The South End is Boston’s premier medical district. The original Boston City Hospital opened in 1864 and merged with Boston University Medical Center Hospital in the 1990s to create Boston Medical Center.
Today, BMC is the largest Level I trauma center in New England. The Boston University School of Medicine, which uses BMC as its teaching hospital, is next door. Nearby is the South End Community Health Center offering affordable comprehensive healthcare and community services.
Because of the number of hospitals and medical facilities nearby, the South End is a popular neighborhood for doctors and medical professionals to call home.
10 things to do in the South End
There is so much to do in South End, Boston, you could find a different activity, eatery or event for every weekend day of the year, no matter your tastes.
Go shopping for the best vintage men’s clothing and accessories in Boston at SAULT New England.
Swing to hot jazz and cool standards at Wally’s Café, the former Wally’s Paradise, one of the oldest jazz clubs in America.
Take a selfie in front of the former St. James Hotel, now Franklin Square House Apartments. The familiar exterior was used for the fictional St. Eligius Hospital on the Emmy award-winning television series “St. Elsewhere.”
Brunch with your BFFs and catch up on the week at South End Buttery bakery and coffee shop.
Join a pickup game of ultimate Frisbee or hit a few tennis balls around at Carter Playground.
Take in a show and the history at the Boston Center for the Arts’ Cyclorama which dates back to 1884 and is the headquarters of the Boston Ballet.
Christmas shop at the SoWa Winter Festival, in South End’s South of Washington district, a holiday village and market featuring handmade gifts, winter cocktails, popup galleries and ice sculptures.
Enjoy some of Boston’s best vegetarian, vegan and gluten-free meals at Five Horses Tavern South End.
View all the Victorian-style homes along the 300-acre Victorian rowhouse district, the largest intact collection in the nation.
Bring your pooch for a stroll, or just pup watch, at the 13,000 square feet off-leash Peters Park Dog Park.
Finding an apartment in the South End
The South End isn’t the cheapest place to live in Boston. But there are certainly places in the neighborhood more affordable than much of Back Bay, Fenway-Kenmore and the gentrified areas of South Boston.
The district is as diverse in its housing as it is in its people. You can find full-house rentals, rowhomes to lease and a slew of South End, Boston apartments.
Just be prepared to have a lot of visitors because everyone is going to want to spend time with you exploring one of Boston’s best neighborhoods.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory as of June 2021. Our team uses a weighted average formula that more accurately represents price availability for each unit type and reduces the influence of seasonality on rent prices in specific markets.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Michael is a Philadelphia-based writer with a variety of interests, including music, concerts, TV, politics, travel and sports. His background includes a decade as a programming executive in network television, six years as a marketing executive at a technology company, and time at two magazines and two advertising agencies. He currently works as Craft Beer & Brewery contributor for the Visit Philly Greater Philadelphia Tourism Bureau and sits on the board of a non-profit law firm that assists veterans with disabilities. Michael is a proud Syracuse grad (Newhouse) who has lived in Wichita, Albany, Chicago, Washington DC, Boston and beyond.
Want to know how to get free internet? The internet is used all the time, and most people use it every single day. As someone who works online, I completely understand how important the internet is – I use it for many hours every single day, usually. But, internet can be expensive, and many people…
Want to know how to get free internet?
The internet is used all the time, and most people use it every single day. As someone who works online, I completely understand how important the internet is – I use it for many hours every single day, usually.
But, internet can be expensive, and many people pay $50 to $100+ each month (and that’s almost $1,000 each year!). If you are looking to save some money, then finding ways to get free stuff can help you spend less money.
Key Takeaways
There are many ways to get free or low-cost internet in your home, on your laptop, and on your cell phone.
The Affordable Connectivity Program is a government program to look into for free internet.
All the big internet companies like AT&T, Comcast, and Spectrum have free internet plans.
Public Wi-Fi is an option, but you will want to make sure you are safe when using free internet connections.
Who Can Get Free Internet Services?
Free internet access can be extremely helpful for people who are not able to afford internet.
After all, internet can be quite expensive, and you can easily spend around $1,000 a year just on internet. That would be tens of thousands of dollars over your lifetime!
If you’re trying to find ways to cut back on your budget, then starting with a monthly recurring expense such as internet can be a great way to lower your monthly expenses for a long time.
Before you start looking into how to get free internet services, it’s important to know if you qualify. Here are some examples of who can get free Wi-Fi:
Government assistance programs – There are free government internet service programs that give discounted internet services to eligible households, typically those that use public assistance programs like SNAP, SSI, WIC, or Medicaid.
Nonprofit organizations – Some nonprofit organizations have free or low-cost internet options, such as for seniors or people with disabilities.
Public Wi-Fi hotspots – You can find free Wi-Fi in different public places like coffee shops, libraries, parks, and airports.
Recommended reading: 11 Ways To Get A Free Cell Phone And Plan
Why is there free internet?
So, you may be wondering why there are free government internet service programs and why certain places and companies give out free internet.
Some reasons include:
Everyone should be able to have internet. The internet is really important and many companies/groups know that and want to make sure everyone can have access to the internet.
The internet helps people to learn online. Getting to learn online is really important for students these days. They need the internet for research, assignments, and using online learning sites. Because of this, schools, nonprofit groups, and even some companies have free internet options.
The internet helps people find jobs. Having the internet can help a lot in making a place grow and get better economically, and the government knows this. Internet lets people look for jobs, start businesses, and be part of the economy. When companies and governments give out free or cheap internet, they give a chance for people to make their lives better and do good things in their communities.
Best Ways To Get Free Internet Access
Below are the best ways to get free internet access.
1. Affordable Connectivity Program
The Affordable Connectivity Program (ACP) is a Federal Communications Commission government program that gives money to households that qualify, to help pay for broadband internet service.
This is the top government program for free internet that you will want to look into and start with.
If you can qualify for this program, you can get up to $30 each month for your internet bill, or $75 per month if you live in certain Tribal lands.
A household can qualify for the Affordable Connectivity Program if their income is at or below 200% of the Federal Poverty Guidelines, or if they meet another criteria such as participating in:
free or reduced-price school lunch program
school breakfast program
SNAP (Supplemental Nutrition Assistance Program)
Medicaid
Federal Public Housing Assistance
Tribal Head Start
Tribal TANF
Bureau of Indian Affairs General Assistance
Federal Housing Assistance
Federal Pell Grant (from the current award year)
WIC
Veterans Pension or Survivor Benefits, and more.
To check if you qualify and to sign up, go to the ACP website.
2. Lifeline
Lifeline is a government program that gives discounts on phone and internet services for households with low income.
Through this program, you can get up to $9.25 off your monthly internet bill, and that is up to $111 each year for signing up.
You’re eligible for Lifeline if your income is 135% or less than the Federal Poverty Guidelines, which depends on your household size and the state that you live in. You can also qualify if you use SNAP, Medicaid, or other government programs.
So, it is a little easier to qualify for Lifeline than it is for ACP (although, the ACP program does give you more money), as the income level is different.
To check your eligibility and learn more about the program, visit the Lifeline website.
Internet Service Providers With Free Connections
Below are internet providers that have free or very affordable monthly internet plans.
3. FreedomPop
FreedomPop is a company that gives free basic internet plans for your phone because it participates in the FCC’s Affordable Connectivity Program.
If you want mobile internet with a low amount of data, this could be a good choice. Their free plan gives you 10 GB of data every month for $0.00.
To sign up or learn more, visit the FreedomPop website.
4. NetZero
NetZero is a company that has free dial-up internet, but there are some limits. It’s not as fast as high-speed internet, but it could work if you just want basic internet without paying a monthly cost.
The free plan lets you use the internet for up to 10 hours each month.
You can learn more and sign up at the NetZero website.
5. AT&T
Yes, even big companies like AT&T have free internet options.
AT&T has a program called Access that gives low-cost internet to households with low income who qualify because they participate in the Affordable Connectivity Program.
If you can get it, you might get internet speeds up to 100 Mbps at a lower price. This is one of the faster speeds I found for free internet plans – so if you want something a little faster, then you may want to look into this plan through AT&T.
With this plan, there is no annual contract and installation is free.
You can learn more about AT&T’s Access program here.
6. Spectrum
Spectrum Internet Assist is a program for low-income households that qualify for specific assistance programs such as the ACP.
This free internet plan has internet speeds up to 30 Mbps at a significantly lower cost. Plus, you also get a free modem with no data limits.
You can learn more about Spectrum Internet Assist here.
7. Comcast and Xfinity
Comcast’s Internet Essentials program has cheap internet for families with low income, seniors, and people with disabilities.
They have monthly internet plans for just $9.95 per month, which includes equipment.
You can learn more about Comcast’s and Xfinity’s Internet Essentials program here.
Note: Comcast and Xfinity are the same company.
8. Verizon
Verizon has free and low-cost internet through the ACP program. There are also no equipment charges or hidden fees.
You can learn more about Verizon’s program here.
9. Juno
Juno is a company that gives a free internet plan, but there are limits. You can use it for up to 10 hours each month. This could work if you only need the internet now and then, and you don’t need it to be super fast.
You can learn more about Juno’s Free Dial-Up Internet Access here.
Ways To Get Free Public Wi-Fi
Below are different public places where you can connect to their Wi-Fi for free.
10. Coffee shops
Lots of coffee shops (such as Starbucks) give their customers free Wi-Fi so they can use the internet while drinking or eating. People use Wi-Fi at restaurants all the time (some people even work all day at coffee shops for the free Wi-Fi!), so this is completely normal.
Many other stores and companies have free Wi-Fi as well, such as McDonald’s, Barnes & Noble, Panera Bread, Taco Bell, Dunkin’ Donuts, and more.
11. Libraries
Public libraries usually have free Wi-Fi for anyone who comes in. You can do work, study, or just use the internet in a quiet place.
Public libraries also tend to have safer Wi-Fi connections that are monitored to make sure there are no hackers.
Sometimes, you might need a library card to get the Wi-Fi, but getting one is usually easy and free.
12. Gyms
Some gyms have free Wi-Fi for their members as an extra benefit. This means you can listen to music or watch videos while working out, or you can even just find a quiet place to get some work done.
13. City recreation centers
City recreation centers, like community centers or parks, usually have free Wi-Fi for the public. These places can be good choices for working outside your home or office, and you can also use the resources and do activities available there.
I know of many people who use city rec centers for free Wi-Fi, and they even drop their children off in the kids’ centers so that they can get work done (and their kid can socialize/have fun – it’s a win-win!).
14. Coworking spaces
While coworking spaces usually have a monthly fee, some might have a free trial period or days when you can use them for free.
To do this, you can look into local coworking spaces to see if they have any special offers.
How To Be Safe With Free Public Wi-Fi
When using free public Wi-Fi, you will want to be safe. I personally try to avoid public Wi-Fi whenever I can due to safety issues, but I do completely understand that sometimes you do need free public Wi-Fi.
Whenever I have to use public Wi-Fi (I still use it often!), I always follow these tips below:
Use a VPN
To stay safe when using public Wi-Fi, make sure to use a VPN (Virtual Private Network). A VPN creates a safe connection between your device (such as your laptop or phone) and the public Wi-Fi you want to connect to, which makes it harder for hackers to get your online data.
When I have to use free public Wi-Fi, I always make sure to connect to my VPN first, as it’s always a good idea to be safe and protect my laptop as well as my personal information. I have a VPN on my phone as well as on my laptop!
Only use networks that are password protected
When using public Wi-Fi, you should always choose networks that have passwords. Password-protected networks encrypt your data, which makes it harder for criminals to get your information.
I know it can be tempting to look for open networks that have no password as that can seem so easy, but criminals tend to use this to their advantage because they know that you are vulnerable (and desperate for quick Wi-Fi!).
Make sure it’s a real network
Before using any public Wi-Fi, you will, of course, want to make sure it’s real. Unfortunately, there are people who sometimes make fake networks with names that seem like the real ones to trick people and hack their devices.
For example, a fake network might be called “Free Airport Wi-Fi” instead of the actual “Airport Wi-Fi.” To make sure that a free internet network is legit, you should ask the staff for the right name and password or check for signs with information about the Wi-Fi you should be connecting to.
I have personally seen fake Wi-Fi networks, and sometimes they are really close to the real ones. So, always be careful and double-check the name!
Frequently Asked Questions About Free Internet
Below are common questions about how to find free internet access.
Is there any way to get free internet?
Yes, there are ways to get free broadband internet services. Public libraries, cafes, and community centers usually have free Wi-Fi for public use. For home internet access, you can look for internet service providers such as FreedomPop, or check whether your current provider has any free internet plans.
When getting free internet, I do recommend monitoring your data usage. Sometimes, the amount of data you get each month may be on the low end. Or, it may be slow. These are two things to think about.
How to get free internet for students?
Students can get access to free internet while at their school or college campus. Also, some internet service providers and community organizations have programs for students from low-income families.
How to get free internet from the government?
If you want to learn how to get free internet from the government, then you do have some options, such as the Affordable Connectivity Program. This helps low-income households get internet at a lower cost, such as with a $30 monthly discount on your internet bill. While it may not technically be “free,” it does lower your monthly cost for internet by a lot.
How To Get Free Internet Access – Summary
As you can see, there are many different programs and options where you can get free or low-cost internet access from internet service providers (ISPs) like AT&T, Comcast, Verizon, and others.
But, keep in mind that free internet might not always be super fast. Still, if you know your choices and take care, you can stay connected without spending a lot of money.
If you need to know how to get free internet at home without paying, then I recommend looking at each internet company’s website to determine if you are eligible and to find the best option for your needs.
What do you recommend for someone who wants to learn how to get free internet at home without paying?