Florida Loans – Left Is Right http://left-is-right.com/ Wed, 29 Jun 2022 17:50:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://left-is-right.com/wp-content/uploads/2021/05/default.png Florida Loans – Left Is Right http://left-is-right.com/ 32 32 The rising cost of capital for multifamily development https://left-is-right.com/the-rising-cost-of-capital-for-multifamily-development/ Wed, 29 Jun 2022 17:50:22 +0000 https://left-is-right.com/the-rising-cost-of-capital-for-multifamily-development/ Meet at Quarterpath in Williamsburg, Virginia. Image courtesy of Bonaventure The cost of capital for multi-family projects continues to rise and will likely rise. But an offsetting reality is that demand for rental housing remains robust. Bottom line: smart developers who take appropriate levels of risk should continue to come out on top. According to […]]]>
Meet at Quarterpath in Williamsburg, Virginia. Image courtesy of Bonaventure

The cost of capital for multi-family projects continues to rise and will likely rise. But an offsetting reality is that demand for rental housing remains robust. Bottom line: smart developers who take appropriate levels of risk should continue to come out on top.

According to Kip Sowden, President and CEO of RREAF, which develops large-scale multi-family, hotel and residential projects. The result is a situation not seen in years, in which capitalization rates have fallen below the cost of debt. This impact should drive some liquidity out of the market, putting upward pressure on cap rates. But in the fast-growing Sun Belt hotspots, huge population growth has created demand for multifamily housing far outstripping supply, propelling rental rates and leaving many longtime multifamily experts in awe. This situation should keep capitalization rates low.

The current inflationary environment may create even greater migration to Texas and other Sun Belt regions. “Capital continues to be deployed into everything residential across Texas and most markets (in) the Southeast, so I think those areas will be much more recession-proof than other parts of the country,” Sowden said.

Expectations diverge on the extent of the Fed’s interest rate hike. The rate of return on all assets is increasing, as is the risk premium for risky assets, due to uncertainties arising from inflation, supply chain disruptions and the future direction of the Fed. The biggest concern may be whether the Fed will aggressively shrink its balance sheet, removing liquidity from the system. Less money will be available at any cost. The available capital will be insufficient to finance all development projects.

“It will cause the deflation that the Fed is trying to achieve,” said Dwight Dunton, founder and CEO of Bonaventurea national company with a development focus on the Southeast.

On the equity side, the cost of capital is not expected to rise until funds are raised with new expectations. But equity investors will likely become more risk averse immediately. Over the past two years, they have had to take on more risk to get the same returns. Now, an opposite approach – taking less risk for the same return – is likely to be preferred.

Since most loans are variable rate, increases in the cost of capital are already underway. This will lead to an increase in overall capital or the weighted average cost of capital, and will continue to increase throughout periods of development as rate hikes continue.

While new housing starts have slowed, the reasons may hinge less on capital costs and more on different views of future stabilized asset values ​​and what it will cost to reach those values.

The capital market landscape has changed significantly. Most capital providers take time to recalibrate.

“We expect partners to examine the fundamentals of each investment opportunity more than they have recently,” said Kory Geans, managing partner and chief investment officer at Middleburg Communities, active throughout the Southeast. “They may be waiting to see the most recent property sales stabilize to confirm exit values ​​in this current environment.”

Banks against others

One of Middleburg’s recent developments in Wilmington, North Carolina

With money so readily available in recent years, conduits have generally undervalued banks. Risk premia have resulted in conduits having a wider spread over the base interest rate, as opposed to bank funding which is more static. “They don’t have as much volatility in their loans, because of their more rigid cost of capital,” Dunton said.

Most banks now require partial recourse on almost all construction contracts. Non-bank lenders have remained active for developments where loan amounts exceed $50 million. They are less active on smaller, multi-family developments, Geans said.

Smart developers are already diversifying their funding sources and looking for alternative sources for construction loans. Life insurance companies and banks are increasingly taking the place occupied in the past by GSEs.

“This is a pool of capital to be targeted, either directly or through origination partners,” said Vidur Gupta, CEO of Beekin, a proptech company serving multifamily rental investors and lenders. and single family.

So where are the best deals? They’re often found in traditional two- and three-story garden-style multifamily developments in Texas, Florida, Georgia, the Carolinas and Tennessee, all seeing high single- and double-digit population growth, Sowden said.

Simple wood-frame construction projects in suburban areas of major Southeast markets are particularly seen as offering better deals due to substantial rental growth.

Some consider the best deals to be those for land they contracted 12 months or more ago in high-income suburban areas. “We can’t control the timing of the land contract, but still think the affluent suburbs are the sweet spot for us right now,” Geans said.

Overcome the obstacles

Attain Downtown in Norfolk, Virginia. Image courtesy of Bonaventure

Many multi-family developers are waiting for another quarter to see how supply chain costs change and how quickly the Fed raises rates. Some temporarily delayed projects are likely to be permanently abandoned. Equity providers and sponsors remaining active are locked in a row over how cost overruns should be allocated.

Given current inflation, projected costs have increased even before the projects have started. The general contractor argues that it cannot be responsible for the costs until the buyout, Dunton said, while the sponsor argues that if the costs increase due to buyout inflation, it is the result of a market condition and has nothing to do with incompetent sponsorship. The stock provider demands to know why he should bear all the market risk of rising costs before the buyback.

“So you have this big debate,” Dunton added. “And that slows the pace of projects coming to fruition. And all the while, prices continue to accelerate.

While construction costs remain high, the biggest concern remains the uncertainty of how values ​​will move due to the interest rate environment.

“We can only control one of them, and the other requires investors and developers to be realistic and operate with a margin of error,” Geans said. “There’s still an insatiable demand for housing at the right price, and people will be rewarded for delivering housing at that level as long as they manage those other risks.”

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Here’s what the average Bradenton household pays per month for bills https://left-is-right.com/heres-what-the-average-bradenton-household-pays-per-month-for-bills/ Mon, 27 Jun 2022 09:50:00 +0000 https://left-is-right.com/heres-what-the-average-bradenton-household-pays-per-month-for-bills/ Bradenton With inflation at its highest in decades, it’s no wonder households are wondering if their budget is out of step with what their neighbors are paying. Households in Bradenton rank 102nd on a list of 200 Florida communities with an average monthly bill of $1,841, according to Doxo, a bill payment hub and online […]]]>

With inflation at its highest in decades, it’s no wonder households are wondering if their budget is out of step with what their neighbors are paying.

Households in Bradenton rank 102nd on a list of 200 Florida communities with an average monthly bill of $1,841, according to Doxo, a bill payment hub and online filing cabinet for household documents.

Palmetto ranks #114 with an average of $1,803 and Sarasota ranks #83 with an average of $1,937.

The report lists Parrish as the Manatee County community with the highest average monthly household bill of $2,064, ranking 56th in the state. Ellenton was listed among the communities with the lowest monthly bill of $1,373, placing it at No. 193 on the state’s list.

Lakewood Ranch, Longboat Key, Holmes Beach, Bradenton Beach and Anna Maria were not included in the study.

For comparison, here’s what the average Bradenton household pays each month:

▪ Mortgage – $1,436

▪ Rent – $1,150

▪ Car loans – $444

▪ Utilities – $282

▪ Health Insurance – $179

▪ Car Insurance – $185

▪ Cable and Internet – $98

▪ Mobile – $76

▪ Alarm and Security – $72

▪ Life insurance – $130

The report does not include averages for fuel or food.

Nationally, Bradenton ranks 2,498 out of 4,276 communities surveyed.

The five communities in Florida that pay the most for their household bills are

  • No. 1 – Wellington, $2,811
  • No. 2 – Pembroke Pines, $2,775
  • No. 3 – Windemere, $2,767
  • No. 4 – Key West, $2,761
  • No. 5 – Jupiter, $2,647.

The 2022 State-by-State Bill Payment Market Report found that Florida is the 18th most expensive state. The report also found that, on average, Florida residents spend $1,993 per month, compared to a national average of $2,003.

Here are the Florida communities with the lowest average monthly bills:

  • Homosassa – $1,263
  • Crystal River – $1,284
  • Inverness – $1,316
  • Palatka – $1,337
  • Zephyrhills – $1,338.

1_bills.JPG
Changes to the federal government’s Emergency Rental Assistance Program allow Manatee County to provide rental assistance money to more people than before, according to a staff update. . File photo is dated 12/10/21. File photo by Tiffany Tompkins ttompkins@bradenton.com

2_bills.JPG
The Bradenton area set a record median price of $550,000 for existing single-family homes sold in May. Above, the Summerfield neighborhood in Parrish. FiTiffany Tompkins ttompkins@bradenton.com

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Marco Rubio and Val Demings clash over Roe’s knockdown against Wade https://left-is-right.com/marco-rubio-and-val-demings-clash-over-roes-knockdown-against-wade/ Thu, 23 Jun 2022 10:00:36 +0000 https://left-is-right.com/marco-rubio-and-val-demings-clash-over-roes-knockdown-against-wade/ With the United States Supreme Court consider reversing Roe vs. Wadethe two top candidates running for the U.S. Senate from Florida highlight their differences on abortion. This week the Susan B. Anthony Pro-Life America Nominee Fund supported the United States Senator Marco RubioR-Fla., for a third term. “Senator Marco Rubio is a formidable pro-life champion. […]]]>

With the United States Supreme Court consider reversing Roe vs. Wadethe two top candidates running for the U.S. Senate from Florida highlight their differences on abortion.

This week the Susan B. Anthony Pro-Life America Nominee Fund supported the United States Senator Marco RubioR-Fla., for a third term.

“Senator Marco Rubio is a formidable pro-life champion. We are very grateful for his voice and proud to support his re-election,” said Marjorie Dannenfelser, president of SBA Pro-Life America. “Sen. Rubio fully understands the stakes of this moment for countless unborn children and mothers. He is an eloquent and effective advocate for common sense pro-life protections, standing up to the abortion lobby for Floridians on many occasions. pro-abortion Democrats like Val Demings desperately wants to exclude people from the debate over our national abortion-on-demand policy until birth — she even votes against life-saving care for babies who survive abortions.

The organization also highlighted Rubio’s record on abortion, including his support for the overturning of Roe v. Wade, including support for Dobbs v. Jackson Women’s Health Organization that the Supreme Court is currently reviewing.

“Rubio earned an A+ on SBA Pro-Life America’s national pro-life scorecard for his impeccable pro-life record. He introduced amendments to ban the abortion giant Planned parenthood to receive forgivable loans under the Paycheck Protection Program. He also introduced the Interstate Child Abortion Notification Act to protect underage girls from exploitation. He is a co-sponsor of Law for the Protection of the Unborn Child Capable of Sufferingthe Born-Alive Abortion Survivors Protection Actthe Support and expectation of value (TO REGISTER) Mothers and Babies Actand the No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act. He signed the congressional pro-life amicus brief in Dobbs v. Jackson Women’s Health Organization, in which the court will assess whether the limits of pre-viability of abortion are constitutional. Rubio fiercely defended the right to express pro-life opinions and fought against unjust censorship,” the band noted this week.

WE Rep. Val Demings, D-Fla., is the heavy favorite to win the Democratic nomination to challenge Rubio in November. She highlighted her commitment to Roe v. Wade last month.

“The Supreme Court will likely overturn Roe v. Wade in the coming months – and when it does, at least 36 million women in more than 28 states will lose access to the fundamental right to make personal decisions about their own bodies” , Demings insisted. “This is an appalling decision that sets back women’s rights almost 50 years, bringing our country back to a time when women had no choice but to undergo dangerous clandestine procedures.

“This is a coordinated attack on a basic human right that the GOP has been planning for decades. I will never stop fighting for reproductive choice — and if I win this Senate race, Democrats can use our expanded pro-choice majority to federally codify the right to abortion.

Kevin Derby
Last posts by Kevin Derby (see everything)

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Forbes’ Best State Banks and Credit Unions 2022 https://left-is-right.com/forbes-best-state-banks-and-credit-unions-2022/ Tue, 21 Jun 2022 14:00:01 +0000 https://left-is-right.com/forbes-best-state-banks-and-credit-unions-2022/ Getty The country’s 4,839 regional and community banks and 5,041 credit unions are very different financial animals from the largest banks in the United States. The giant banks derive substantial revenue from their trading desks, investment banking divisions and global lending operations. In contrast, smaller banks and credit unions operate a more streamlined business model, […]]]>

The country’s 4,839 regional and community banks and 5,041 credit unions are very different financial animals from the largest banks in the United States. The giant banks derive substantial revenue from their trading desks, investment banking divisions and global lending operations. In contrast, smaller banks and credit unions operate a more streamlined business model, often focusing exclusively on the core banking functions of accepting deposits and making loans.

This focus on blocking and fighting the banking sector means that smaller financial institutions provide a much clearer window into what is happening in the real economy. It also highlights the importance of customer satisfaction and loyalty to the success of a business, especially in today’s economic environment.

During the Covid-19 pandemic and throughout the rapid economic rebound, macroeconomic forces have aligned in favor of the financial sector, as billions of dollars in federal stimulus checks and Paycheck Protection Program loans passed through the banking system. Consumers were eager to borrow for bigger homes and new cars, and fewer were falling behind on their payments.

The difference between short-term and long-term interest rates was also helpful. Banks tend to borrow short-term and lend money longer-term for mortgages and autos at rates that tend to track 10- and 30-year government bond yields. Profit is the amount net of interest, with banks making more money as the spread widens between the interest rates at which they can borrow and those at which they lend.

Over the past two years, smaller banks and credit unions have flourished as long-term rates began to rise sharply, while short-term rates remained at historic lows near zero. When this spread narrows, the most efficient banks will be better equipped to handle the lower spreads.

Click here to see full coverage of the top US banks in every state.

The economic environment in which banks and credit unions operate is becoming increasingly challenging, with the Federal Reserve and other central banks around the world continuing a committed program of near-term rate hikes to fight inflation the highest for more than 40 years. By design, the goal is to slow the economy and curb rising prices by making borrowing more expensive for banks, businesses and consumers.

As economic tailwinds diminish and perhaps turn into headwinds, the imperative to maintain customer relationships takes on even greater importance and becomes a more pressing matter for smaller banks and credit unions. Companies with the highest levels of customer satisfaction will enjoy a long-term competitive advantage over practitioners less adept at pleasing and retaining customers.

The fifth annual Forbes ranking of Best State Banks and Credit Unions offers a comprehensive overview of the elite of small US financial institutions.

Forbes has again partnered with market research firm Statista to conduct in-depth interviews with more than 26,000 US citizens from all 50 states about the financial institutions where they hold accounts. Customers provided an overall satisfaction score and responded if they would recommend an institution to friends and family. They also answered a battery of detailed questions about satisfaction in six key areas: trust, terms and conditions (including reasonable and transparent fees), in-branch services, digital services, customer service and financial advice. .

Click here to see full coverage of the top US banks in every state.

Institutions that have branches in more than 14 states are excluded from the ranking, which excludes large national banks like Bank of America.
BAC
JPMorgan Chase
JPM
Bank and Wells Fargo
WFC
. With over $150 billion in assets and 11.3 million members, Navy Federal Credit Union was the only credit union omitted from the rankings due to its massively disproportionate scale compared to other credit unions.

Between one and five banks and credit unions in each state received the Best-In-State designation, based on the number of responses in each state. Each bank and credit union received, on average, complete responses to 50 surveys, which asked consumers about topics ranging from the ease of use of mobile banking to the transparency of fees and interest rates, and opening hours and accessibility of bank branches.

Overall ratings ranged from 74.2 to 93.6, and 133 unique banks and 171 unique credit unions qualified for the state’s top accolades, representing just 2.7% of all U.S. banks. and 3.4% of all credit unions.

A trio of large regional banks—Fifth Third Bank
FITB
Huntington and Synovus
SNV
Bank – received Best-In-State awards in four different states, while Citizens Bank and M&T Bank
MTB
won the honors in three. Among the best of two states are 10 banks: BancorpSouth
BXS
capital one
COF
City National Bank, First National Bank of Omaha, Gate City Bank, Great Southern Bank, SouthState Bank, Washington Trust Bank, Webster Bank
WBS
and WesBanco
WSBC
.

A handful of elite banks from five different states earned the highest scores from their customers: BankRI of Rhode Island (91.41), DL Evans Bank (90.86) in Idaho, Tri City National Bank of Wisconsin (90.37), Community National Bank of Vermont (90.14) based in Derby and New Peoples Bank (90.01) in Honaker, Va.

Click here to see full coverage of the top US banks in every state.

Credit unions have long offered their members who had money to lend a way to put it to work by providing credit to members looking to take out a loan. Their nonprofit model grew across the United States during the 20th century when groups of employees from large corporations, school boards, local governments, and the military came together to volunteer competitive interest rates on savings and loans on reasonable terms. Today, there are more than 5,000 credit unions nationwide in cities and towns large and small.

Besides basic savings and checking accounts, credit unions are where millions of Americans turn when they need a mortgage to buy a home, a loan to buy a vehicle or capital to finance their business. Now that the Federal Reserve is raising interest rates to fight inflation, that could mean slower demand for loans, although the rate hike will prompt many members to increase their savings. Keeping customers for life will remain the name of the game for the best credit unions.

Click here to see full coverage of America’s top credit unions in every state.

As the functions of credit unions and banks increasingly fade in the eyes of consumers, mergers and acquisitions have been active, with purchases going back and forth between banks and credit unions. In fast-growing states like Florida and Texas, where population flows have propelled home and auto loan volumes, credit unions are often bigger acquirers than banks.

The data suggests the expansion didn’t come at a cost to customer satisfaction among the 543 employees at Tampa-based Grow Financial (91.06), which earned the Sunshine State’s highest overall score. Other Florida credit unions that earned Best-In-State honors include Pen Air Federal of Pensacola (89.71), Community First of Jacksonville (88.07) and VyStar (87.30) and Suncoast Credit Tampa-based Union (86.75).

Oklahoma City-based WEOKIE earns top five scores nationally in 2022
KIE
Federal Credit Union (93.64), Northwest Community Credit Union based in Eugene, Oregon (92.96), UniWyo Credit Union based in Laramie, Wyo (92.53), CoVantage Credit Union based in Antigo, Wis. (92.32) and STCU (92.07) from Liberty Lake, Wash.

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Pharrell Williams, Something In The Water Forgives College Debt For 5 Students https://left-is-right.com/pharrell-williams-something-in-the-water-forgives-college-debt-for-5-students/ Sun, 19 Jun 2022 03:49:37 +0000 https://left-is-right.com/pharrell-williams-something-in-the-water-forgives-college-debt-for-5-students/ Five National Association for the Advancement of Colored People (NAACP) panelists, including a student from Howard University, have been told that Pharrell Williams and Something in the Water will be canceling their student debt. Five National Association for the Advancement of Colored People (NAACP) panelists, including a student from Howard University, have been told that […]]]>

Five National Association for the Advancement of Colored People (NAACP) panelists, including a student from Howard University, have been told that Pharrell Williams and Something in the Water will be canceling their student debt.

Five National Association for the Advancement of Colored People (NAACP) panelists, including a student from Howard University, have been told that Pharrell Williams and Something in the Water will be canceling their student debt.

“For all of you on stage, we’re clearing your current student loan debt,” the speaker announced.

The NAACP said the students on the panel were at the Saint Regis Hotel in DC to share their stories of managing student debt — concerns about their majors, living conditions and post-graduation finances.

The Something in the Water launch community panel highlighted the financial burden of student loans on members of the black community just before the announcement.



These students included Howard University senior Channing Hill, Florida A&M senior Devan Vilfrad, Southern University junior Robyn Hughes, and two alumni – Jamie Turner and Damarius Davis.

NAACP advocates have been pushing the Biden administration to write off student debt for years, noting the impact it has on communities of color. The White House has suggested eliminating $10,000 in student debt with certain income limits.

In a statement, NAACP President Derrick Johnson addressed the president.

“President Biden, canceling $10,000 in student debt is like pouring a bucket of ice water on a forest fire,” Johnson said. “Black students and other students of color are more likely to take out loans to pay for their education.”

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Can we afford affordable housing? https://left-is-right.com/can-we-afford-affordable-housing/ Thu, 16 Jun 2022 04:07:46 +0000 https://left-is-right.com/can-we-afford-affordable-housing/ In these politically divided times, the one thing everyone agrees on is that we need more affordable housing. Or, if you want to split hairs, more housing for labor. That’s true in much of America and painfully so in Florida where 70% of low-income families are burdened with costs and affordable housing is only available […]]]>

In these politically divided times, the one thing everyone agrees on is that we need more affordable housing. Or, if you want to split hairs, more housing for labor.

That’s true in much of America and painfully so in Florida where 70% of low-income families are burdened with costs and affordable housing is only available for 28% of eligible people, according to the National Low Income Housing. Coalition.

The problem is particularly serious in the greater Naples area. Here’s why.

• Housing stock is low, driving up prices.

• Construction costs have skyrocketed, limiting developers’ incentives.

• Zoning restrictions and regulatory delays have worsened.

• New residents are pouring into Southwest Florida every day, raising the stakes for everything.

As a result, the problem affects more people in more professions than ever before. Teachers, first responders, clerks, technicians, construction workers, field workers, grocery and hotel workers.

TRECKER

TRECKER

I-75 is clogged southbound every morning as those who cannot afford to live here come to work. And it’s clogged up north in the late afternoon as they head home.

Businesses that rely on low- and mid-cost labor are struggling to stay afloat. A family print shop that I used to visit has just closed its doors for lack of manpower. Restaurants are folding. Law enforcement can’t fill vacancies because new officers can’t afford to live here.

Is the government doing something?

Kind of.

At the federal level, President Biden has just announced his intention to expand funding for affordable housing. The focus is on factory-built homes and mobile homes. Fannie Mae loans will also be available to developers to further stimulate low-cost construction. That’s the good news. The bad news is that it will take at least five years to close the “housing supply gap”.

At least the Feds are moving forward. The state seems to be backtracking. Local laws restrict what can be done locally, and money for statewide housing assistance has just been canceled.

Worse, last year Tallahassee gutted the Sadowski Fund, established in 1992 to help communities deal with housing issues. In 2021, the Legislature permanently redirected half of the fund elsewhere – a loss of hundreds of millions for affordable housing.

What about local authorities? Some help. The Fort Myers City Council just voted to establish a Workforce Housing Trust Fund.

Collier Commissioners, meanwhile, question whether landlords should give tenants 60 days notice if they plan to raise rents by 5% or more. It’s pretty lame. A delay in raising the rent doesn’t help much.

If the current commissioners are slow, the candidates for Districts 2 and 4 are not. Each of them has something to say about the problem. One suggestion is public-private partnerships, with hospitals, fire districts and school boards taking over the funding.

Some non-governmental experts also intervened. Last month, a panel convened by local restaurant and accommodation associations and the Naples and Marco Chambers of Commerce looked into the problem.

The group first recognized what had been done. Kudos to Habitat for Humanity organizations for delivering 2,400 affordable housing units to the area, including 13 full housing developments. Habitat work continues, now focused on available land to the east.

The panel also discussed new approaches. A key, he said, was to increase population density — insert low-cost units into existing neighborhoods and convert unoccupied buildings into hotels or motels for the workforce with low-cost units. price to buy or rent.

Increasing availability is one thing. Making it affordable is another. And that invariably takes grants, tax credits, bonds, subsidies – taxpayers’ money in one form or another. What’s the bottom line?

It’s a complex problem with no quick fix. Success will be measured in small increments over many, many years. ¦

— Chemist and resident of southwest Florida, Dave Trecker sits on several regional councils.

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Massachusetts voters are completely undecided on the next governor https://left-is-right.com/massachusetts-voters-are-completely-undecided-on-the-next-governor/ Tue, 14 Jun 2022 15:02:01 +0000 https://left-is-right.com/massachusetts-voters-are-completely-undecided-on-the-next-governor/ Massachusetts will elect a new governor in less than five months. If you believe that a recent poll by the Tax Alliance Foundation, there is no clear favorite at this stage. There are four candidates for governor of Massachusetts: two Democrats and two Republicans. Attorney General Maura Healey and State Senator Sonia Chang-Diaz are vying […]]]>

Massachusetts will elect a new governor in less than five months. If you believe that a recent poll by the Tax Alliance Foundation, there is no clear favorite at this stage.

There are four candidates for governor of Massachusetts: two Democrats and two Republicans. Attorney General Maura Healey and State Senator Sonia Chang-Diaz are vying for the Democratic nomination, while former Massachusetts Rep. Geoff Diehl and businessman Chris Doughty are vying to be the Republican nominee.

New York and Massachusetts attorneys general announce lawsuit against Volkswagen

Image Getty

Each party will face a potentially divisive primary election in September. The winner of the primaries will face off in the November general election.

The Fiscal Alliance Foundation poll asked a number of questions about national and Massachusetts issues, including preferences for Massachusetts governor and issues voters would most like the next governor to address.

Diehl for the Governor’s Facebook page

Diehl for the Governor’s Facebook page

Sixty percent of respondents told the poll they were unsure or undecided about who they planned to vote for governor. Twenty-six percent chose Healey, 12 percent opted for Diehl, 1.33 percent with Chang-Diaz and 0.93 percent with Doughty.

Such a large number of undecided could be good news even for lesser-known candidates.

Facebook photo of Sonia Chang-Diaz

Facebook photo of Sonia Chang-Diaz

On these questions, the poll finds that 21% are most concerned about jobs and the economy, 13.7% about climate change, 13% about taxes, 12.3% about health care, 12.1 % by inflation and 11.3% by “something else”.

Doughty for the Governor’s Facebook Page

Doughty for the Governor’s Facebook Page

Of course, a poll is a snapshot of the moment, and given that there are so many distractions right now – not the least of which is summer – I suspect voters will become more focused in the weeks and coming months.

Primary elections are held on September 6. General elections are held on November 8.

WATCH: States with the most new small businesses per capita

WATCH: The most extreme temperatures in every state’s history

Stacker consulted the 2021 data of the NOAA Climate Extremes Committee (SCEC) to illustrate the hottest and coldest temperatures ever recorded in each state. Each slide also reveals the highest 24-hour rainfall record of all time and the highest 24-hour snowfall of all time.

Keep reading to discover individual state records in alphabetical order.

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Driver who crashed into building in Jackson, NJ, may have been drunk https://left-is-right.com/driver-who-crashed-into-building-in-jackson-nj-may-have-been-drunk/ Sun, 12 Jun 2022 18:55:43 +0000 https://left-is-right.com/driver-who-crashed-into-building-in-jackson-nj-may-have-been-drunk/ JACKSON — The driver of a car that drove through a business early Sunday morning is in hospital and is suspected of being drunk and driving, police say. The Lakewood Scoop first reported that the silver sedan pulled into the corner of an apartment building shortly before 1 a.m. Sunday. Video from the scene shows […]]]>

JACKSON — The driver of a car that drove through a business early Sunday morning is in hospital and is suspected of being drunk and driving, police say.

The Lakewood Scoop first reported that the silver sedan pulled into the corner of an apartment building shortly before 1 a.m. Sunday. Video from the scene shows that part of the wall of the Brilliant Environmental Services building which sits at the intersection of Whitesville Road and Faraday Avenue collapsed onto the vehicle.

Jackson Police Chief Matthew Kunz told New Jersey 101.5 that the driver and a passenger were injured. They were both taken to Jersey Shore University Medical Center for treatment.

Kunz confirmed that the unidentified driver is being investigated for driving under the influence. The chief said it would take some time to get the results of the blood samples to measure the driver’s blood alcohol level.

It is not yet known at what speed the vehicle was traveling. An aerial view of the area using Google Maps shows that the building is about 100 feet from the intersection.

The police road safety unit is in charge of the investigation.

Rick Rickman is a reporter for New Jersey 101.5. You can reach him at richard.rickman@townsquaremedia.com

Click here to contact an editor about a comment or correction for this story.

Red flags for someone claiming to be from New Jersey

WATCH: States with the most new small businesses per capita

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🌱 New Fire Rescue logos + Citizen survey results + Juneteenth https://left-is-right.com/%f0%9f%8c%b1-new-fire-rescue-logos-citizen-survey-results-juneteenth/ Fri, 10 Jun 2022 00:36:00 +0000 https://left-is-right.com/%f0%9f%8c%b1-new-fire-rescue-logos-citizen-survey-results-juneteenth/ Hi there! I’m here with your fresh copy of the Dunedin Daily on this beautiful Friday morning. Here’s all the local news you need to know right now. First, today’s weather forecast: A bit of sunshine with a thunderstorm. High: 87 Low: 80. Congratulations to the great local businesses that make this newsletter work: Looking […]]]>

Hi there! I’m here with your fresh copy of the Dunedin Daily on this beautiful Friday morning. Here’s all the local news you need to know right now.


First, today’s weather forecast:

A bit of sunshine with a thunderstorm. High: 87 Low: 80.


Congratulations to the great local businesses that make this newsletter work:

  • Looking to sell or buy a luxury property in or near Dunedin? Terri Novitsky at Lauren Michaels Real Estate Partners specializes in luxury homes in our area. Terri works tirelessly on behalf of her clients and brings concierge service, in-depth market knowledge and innovative marketing strategies to ensure clients get the best price for their properties. Email Terri at terrinLMREP@gmail.com.
  • Do you dream of owning a house in the Sunshine State? You should talk to Brian Conboy at Seacoast National Bank. Brian has over 28 years of experience securing loans for first-time home buyers or downsizing retirees – from land loans to construction loans, and everything in between. , including pre-approvals. He takes into account the whole family of his clients and will help you find the best mortgage program to meet your needs. Visit Brian here today to see if you are prequalified and make your dream home a reality.
  • Having your eavestroughs cleaned and repaired is the homeowner’s equivalent of flossing – you know it’s good for you even if it’s not something you look forward to. Friendly help: don’t delay. One Clean Gutter are local, female-owned gutter experts who can install new gutters and seamless guards or clean your existing gutters. Daily readers get 10% off – tell them Patch sent you and avoid household cavities! Visit A clean gutter today.

Click here to feature your business in this spot.


Here are the top five stories in Dunedin today:

  1. The City of Dunedin will host a June 18 celebration at Pioneer Park between 5 and 8 p.m. Attendees will enjoy live music, dance performances, craft and food vendors, poetry and more! Traditionally, Juneteenth commemorates the emancipation of enslaved African Americans and celebrates African American culture. (Dunedin Government)
  2. Dunedin Public Library now offers the Career Online High School program for residents to earn an accredited high school diploma for free in their spare time. The library also offers career certification programs for qualified adult learners looking to advance their careers, prepare for entry into the workforce, and further their education. Career certificate programs are available in the fields of general career preparation, office management, child care and education, home care professionals, customer service at retail, business driving, catering and hospitality, security, hospitality and leisure professionals and introduction to manufacturing. Find out how to apply on the city’s website. (Dunedin Government)
  3. The City of Dunedin has released the results of the 2022 Citizens’ Survey which ran from February to March and garnered 1,715 responses. Residents were asked to rate their level of satisfaction with all types of services, events, facilities and departments. The city received an overall satisfaction of 93.6% for all of the city’s services! Satisfaction was highest among fire departments (99.4%), library (98.7%), parks and recreation (96.2%) and solid waste and recycling (96%). Three areas stood out in the survey: planning for the future, traffic and affordable housing. These received the lowest rating and many residents indicated that they would support the allocation of funds to improve these areas. See the full report of the survey results on the city’s website. (Dunedin Government)
  4. Dunedin Fire Rescue has unveiled its new logos honoring Dunedin’s three different fire stations. While the Dunedin Fire Rescue logo will remain, traditionally fire stations have a unique logo representing their unit. The new logos honor Station 60 nicknamed the alligator as it serves both land and sea, Station 61 which serves Hog Island and Station 62 which serves the “Orange Belt” which refers to the old path of orange belt iron where the Pinellas Trail exists today. . Watch the full video to learn more about what inspired the new logos and take a look at the designs! (Fox13)
  5. Patricia Snair, the daughter of one of the representatives of the late philanthropist Louis A. Vanech’s estate, says the city of Dunedin has failed to fulfill its part of a deal struck in 1989. The Vanech estate donated $500,000 for the development of a 44-acre park to be designated the Louis A. Vanech Recreational Complex. According to the 1989 Recreational Development Agreement between the City and the Louis Vanech Estate, “it was clearly stated in the document that the property thus improved was to be identified as the Louis A. Vanech Recreational Complex and that no other name or designation should not [be] placed on such property,” Snair said. The property in question is currently used as a player development facility for the Toronto Blue Jays. Snair asked the town to return the money to the estate in 2019 and recently requested that the donation be put towards Scottish arts. “To our knowledge, everything has been done in accordance with all agreements,” said Mayor Julie Ward Bujalski, however, a new sign for Stirling Park has been designed to rename it in honor of Vanech. (TBN Weekly)

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See Important Reg A Disclosures


Today in Dunedin:

  • Dunedin City Center Market at Pioneer Park (9 a.m.)
  • Overview of the sensational summer sales at the Studio 1212 Art Gallery (5:30 p.m.)
  • Thai days at the Nest in Caracara (6 p.m.)
  • live music by Solar Crush at Dunedin Smokehouse (7 p.m.)
  • live music by 60 West Band at Bauser (9 p.m.)

From my notebook:

  • Congratulations Cardinals Dunedin Majors who won the District 12 Little League Top Team Tournament on May 21 with a score of 4-0! (TBN Weekly)
  • Former Mars Volta drummer Thomas Pridgen will be at the Dunedin Brewery on June 12 at 8 p.m. to perform with a “jam scene supergroup.” Other band members include guitarist Brandon “Taz” Niederauer and bassist Brad Miller. (CL Tampa)
  • On June 16, all city facilities, except for summer camp locations, will be closed for an employee development day in honor of Juneteenth. (Dunedin patch)
  • Did you know that Dunedin Parks & Recreation offers a weekly “Intergenerational Drum Circle” program on Mondays and Thursdays at the Hale Senior Activity Centre? The program is available for all ages and abilities. Drums are provided or you can bring your own! (Dunedin patch)
  • The Dunedin Blue Jays recently announced the return of $1 beer at TD Baseball Stadium! Click on the link to get your tickets. (Dunedin Blue Jays via Facebook | ticket master)
  • Do you know the difference between a storm surge warning and a storm surge watch? The City of Dunedin posted on its Facebook account: “A storm surge warning means there is a risk of deadly flooding within the next 36 hours. A storm surge watch means there is a possibility of deadly flooding within the next 48 hours. In either case, please promptly follow evacuation and other instructions from local authorities.”City of Dunedin via Facebook)
  • Seasonal lifeguards are still needed for this summer in Pinellas County. Full-time and part-time positions are available with a pay scale of $16.75 to $18.09 per hour for new lifeguards and $17.75 to $19.17 per hour for senior lifeguards. Interested persons can apply on the department’s website. (Pinellas County Government via Facebook | Pinellas County)

More from our sponsors – please support the local news!

Featured companies:

Events:

  • Free Dental Care for Military Veterans on Saturday, June 11 – Tampa, St. Petersburg, Sarasota (June 11)
  • Marie Market (JUNE) (June 11)
  • Hire a Pro to Clean Dad’s Yard (June 19)
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You are now in the loop and ready to start this Friday on the right foot! See you soon.

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Critical analysis: Ameris Bancorp (NASDAQ:ABCB) and Independent Bank Group (NASDAQ:IBTX) https://left-is-right.com/critical-analysis-ameris-bancorp-nasdaqabcb-and-independent-bank-group-nasdaqibtx/ Tue, 07 Jun 2022 22:17:57 +0000 https://left-is-right.com/critical-analysis-ameris-bancorp-nasdaqabcb-and-independent-bank-group-nasdaqibtx/ Independent banking group (NASDAQ:IBTX – Get a rating) and Ameris Bancorp (NASDAQ: ABCB – Get a rating) are both mid-cap financials, but which business is the best performer? We’ll compare the two companies based on the strength of their institutional ownership, profitability, earnings, risk, dividends, valuation, and analyst recommendations. Risk and Volatility Independent Bank Group […]]]>

Independent banking group (NASDAQ:IBTXGet a rating) and Ameris Bancorp (NASDAQ: ABCBGet a rating) are both mid-cap financials, but which business is the best performer? We’ll compare the two companies based on the strength of their institutional ownership, profitability, earnings, risk, dividends, valuation, and analyst recommendations.

Risk and Volatility

Independent Bank Group has a beta of 1.61, indicating that its stock price is 61% more volatile than the S&P 500. Comparatively, Ameris Bancorp has a beta of 1.13, indicating that its stock price is stock is 13% more volatile than the S&P 500.

Profitability

This table compares the net margins, return on equity and return on assets of Independent Bank Group and Ameris Bancorp.

Net margins Return on equity return on assets
Independent banking group 33.81% 8.54% 1.18%
Ameris Bancorp 31.99% 11.20% 1.43%

Valuation and benefits

This table compares revenue, earnings per share (EPS), and valuation of Independent Bank Group and Ameris Bancorp.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Independent banking group $650.08 million 4.72 $224.75 million $5.00 14.52
Ameris Bancorp $1.07 billion 2.99 $376.91 million $4.79 9.60

Ameris Bancorp has higher revenue and profit than Independent Bank Group. Ameris Bancorp trades at a lower price-to-earnings ratio than Independent Bank Group, indicating that it is currently the more affordable of the two stocks.

Analyst Notes

This is a breakdown of current recommendations and price targets for Independent Bank Group and Ameris Bancorp, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Independent banking group 0 1 1 0 2.50
Ameris Bancorp 0 1 1 0 2.50

Independent Bank Group currently has a consensus price target of $85.00, indicating a potential upside of 17.06%. Ameris Bancorp has a consensus price target of $57.00, indicating a potential upside of 23.99%. Given Ameris Bancorp’s possible higher upside, analysts clearly believe that Ameris Bancorp is more favorable than Independent Bank Group.

Insider and Institutional Ownership

73.9% of Groupe Banque Indépendante shares are held by institutional investors. By comparison, 88.2% of Ameris Bancorp’s shares are held by institutional investors. 3.3% of Independent Bank Group shares are held by insiders of the company. By comparison, 5.5% of Ameris Bancorp’s shares are held by insiders of the company. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a company will outperform the market over the long term.

Dividends

The Independent Bank Group pays an annual dividend of $1.52 per share and has a dividend yield of 2.1%. Ameris Bancorp pays an annual dividend of $0.60 per share and has a dividend yield of 1.3%. Independent Bank Group pays 30.4% of its profits as a dividend. Ameris Bancorp pays 12.5% ​​of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. Independent Bank Group has increased its dividend for 5 consecutive years. Independent Bank Group is clearly the best dividend stock, given its higher yield and longer track record of dividend growth.

Summary

Ameris Bancorp beats Independent Bank Group on 8 of 15 factors compared between the two stocks.

Independent Banking Group Company Profile (Get a rating)

Independent Bank Group, Inc. operates as a bank holding company for Independent Bank which provides various commercial banking products and services to businesses, professionals and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also offers commercial real estate loans; loans for commercial construction, land and land development; residential real estate loans; single-family interim construction loans; commercial loans including SBA-backed loans, business term loans, equipment lease financing, lines of credit, and energy-related loans; agricultural loans for farmers and herders; consumer installment loans including loans to purchase cars, boats and other recreational vehicles; and residential mortgages, as well as mortgages for the purchase of warehouses. Additionally, it offers debit cards, online and mobile banking, e-statements, mail banking, and direct deposit services; and accounting and business management services, including business audit analysis, business savings and cash management services. As of December 31, 2021, the company operated 93 full-service branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.

Ameris Bancorp Company Profile (Get a rating)

Ameris Bancorp LogoAmeris Bancorp operates as a bank holding company for Ameris Bank which provides a range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina and South Carolina. The Company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Loan Division, SBA Division and Premium Finance Division. It offers commercial and retail checks, interest-bearing regular savings, money market, individual retirement, and certificates of deposit accounts. The company also offers commercial real estate, residential real estate, agricultural, commercial and industrial loans; consumer loans, including auto loans, home improvement loans, and home equity loans, as well as loans secured by savings accounts and small unsecured personal lines of credit. In addition, it originates, administers and services commercial insurance premium loans and small business administration loans. The company operates 165 full-service national banking offices and 35 mortgage and loan origination offices. Ameris Bancorp was founded in 1971 and is based in Atlanta, Georgia.



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