Why life insurance
Life insurance is a financial safety net for your partner, your kids, your life...Read more
Finding affordable housing is harder than ever, and that applies whether you’re looking to rent an apartment or hoping to buy a home. According to the Pew Research Center, single-family home prices in the United States jumped 25% between the end of 2019 and the end of 2021, with the median sale price averaging around $408,100. Meanwhile, the vacancy rate for rental apartments dropped to 5.6%. That means more people, with fewer options, spending more money.
Not only do houses cost more than they used to, but mortgage interest rates have also gone up. This makes homeownership even more expensive, overall—and while opting for an adjustable-rate mortgage could save you a little bit of cash right now, your ARM could end up costing you a lot more money than you expect.
Now that you understand the bad news, here’s the good news. Some people believe that sustainable investing could help us solve not only the energy, climate and food crises that are threatening to destabilize our planet, but also the housing issues that are preventing many people from finding an affordable home.
Here’s what you need to know.
Sustainable investing, in its simplest form, is an investment strategy that considers the long-term health of the planet. More specifically, sustainable investing means investing in companies that are working directly towards solving some of today’s biggest issues—renewable energy and sustainable farming, for example, as well as permaculture, biotecture, and other large-scale efforts to stabilize our climate and improve our future.
Sustainable investing is not necessarily the same thing as ESG investing, which is a type of socially responsible investing that focuses not only on environmental protections, but also social justice issues and well-managed corporate governance.
By choosing sustainable investments, you are putting your money directly towards companies that are working towards near-term solutions and long-term sustainability. Sustainable investing can benefit the entire ecosystem—and it might even be able to help address the housing crisis.
Life insurance is a financial safety net for your partner, your kids, your life...Read more
Companies that focus on sustainability understand that we need more than clean air and clean water. We also need clean, comfortable, safe places to live. This could be as game-changing as building an eco-architecture apartment complex integrated with vertical farming, or as simple as retrofitting existing structures with solar panels and heat pumps.
There are many ways to improve the state of housing in the United States, whether that includes refurbishing old hotels into apartments for people who are temporarily unhoused, or turning resorts and retirement communities into mini-villages with schools and vegetable gardens.
“I really like the idea of companies that reinvest into the local economy, especially if you’re repurposing, renovating, or refurbishing older buildings rather than knocking them down and building a completely new building in its place,” says Jim Wang, founder of WalletHacks. “It’s often more expensive to do that than demolish and rebuild, but keeping the history and keeping the materials out of the landfill are commendable.”
By investing in companies that are directly supporting sustainable housing efforts, you have the opportunity to put your money towards better homes for everyone. And as the demand for this type of housing continues to grow, you may even see a return on your investment.
Every time you contribute to your 401(k), put money in an IRA or transfer your extra cash to your roboadvisor app, you’re investing not only in yourself but also in the larger global economy—and when the economy is in a period of growth, we’re more likely to see the kind of innovation that can result in affordable homes.
This means that even if your sustainable investments are in agriculture instead of architecture, the money you invest could still end up boosting the larger economy and leading to lower-priced housing.
“For many investors, the bulk of our investing is done in retirement accounts,” Wang explains. “If you wanted to vote with your dollars and had the option, it’s not unreasonable for folks to redirect those investment dollars towards funds or companies that have mission statements that focus on or touch on sustainability. You would still be doing the responsible thing, investing in your retirement, while also making sure those dollars are put into companies that match your vision.”
When you think of investing as “voting with your dollars,” then every investment you make is a vote for a particular company to succeed. With that in mind, you can pick the companies you think are going to do the most to help the causes you want to support—and if you need help, you can use resources like Beyond Investing, Adasina or Impax Asset Management to find sustainable investment options.
Some of these options could lead directly towards lower-priced homes. Others could strengthen the economy, lower carbon emissions, reduce the strain on the energy grid, help us transition away from factory farming or keep our freshwater resources clean.
All of this will lead to a better world, overall—which means better housing, too.
Nicole Dieker has been a full-time freelance writer since 2012, with a focus on personal finance and habit formation. In addition to Haven Life, her work regularly appears at Lifehacker, Bankrate, CreditCards.com, and Vox. Dieker spent five years as a writer and editor for The Billfold, a personal finance blog where people had honest conversations about money, and is the author of Frugal and the Beast: And Other Financial Fairy Tales.Read more by Nicole Dieker
Haven Life is a customer-centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.
Haven Life is a customer centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.
Our content is created for educational purposes only. Haven Life does not endorse the companies, products, services or strategies discussed here, but we hope they can make your life a little less hard if they are a fit for your situation.
Haven Life is not authorized to give tax, legal or investment advice. This material is not intended to provide, and should not be relied on for tax, legal, or investment advice. Individuals are encouraged to seed advice from their own tax or legal counsel.
Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by the C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.
MassMutual is rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of Aril 1, 2020 and is subject to change. MassMutual has received different ratings from other rating agencies.
Haven Life Plus (Plus) is the marketing name for the Plus rider, which is included as part of the Haven Term policy and offers access to additional services and benefits at no cost or at a discount. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). For more information about Haven Life Plus, please visit: https://havenlife.com/plus
May 25, 2023
There was truly no medical exam for their term life insurance. The customer service was responsive and helpful. The price was comparable to another company with the same terms.
–Bukkyread more at
May 11, 2023
Wonderful company!! I definitely recommend Haven life!! Awesome at finding the best coverage for me! Great coverage that is affordable!! Glad I listened to the recommendation that was given to me about this company
–Blaiseread more at
May 10, 2023
I looked into two other companies. The coverage was comparable but I was most impressed with Haven Life’s customer service. I was also impressed with the pricing tools.
–Danielread more at
Apr 19, 2023
Pros: -Easy online application -Can get coverage immediately after applying online -Pretty seamless process throughout the experience Cons: -Although told I was covered initially after applying online, I was informed that I needed to get physical check up in order to continue the plan. -Although I’m very healthy, my plan price increased 2x after the physical checkup.
–Malcolmread more at
Mar 29, 2023
Applying for life insurance in your 40’s is exhausting!! But at least Haven made it as easy as possible! Everything is efficiently handled through email. Communication is excellent, they give updates all along the way. Scheduling the bloodwork is easy and convenient. Plus, the rate was better than other companies. Easy to sign off on paperwork.
–Shanna LaDelfaread more at