Home Associates http://homeassociates.org/ Sat, 21 May 2022 00:57:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://homeassociates.org/wp-content/uploads/2021/05/home-associates-icon-150x150.png Home Associates http://homeassociates.org/ 32 32 As cost of condo insurance skyrockets, Florida lawmakers remain silent https://homeassociates.org/as-cost-of-condo-insurance-skyrockets-florida-lawmakers-remain-silent/ Sat, 21 May 2022 00:57:18 +0000 https://homeassociates.org/as-cost-of-condo-insurance-skyrockets-florida-lawmakers-remain-silent/

TALLAHASSEE — As Florida lawmakers gather next week for a special session aimed at tackling Florida’s growing property insurance crisis, one area that’s getting little attention is the dwindling availability of insurance. condominium insurance.

Commercial residential insurance rates on condominiums have seen rate hikes of 30% to 100%, exacerbated in part by the collapse of the Champlain Towers South condo in Surfside that killed 98 people and an industry in turmoil.

As many as nine companies that offer condo insurance have exited the market, and the four esteemed companies still writing policies have raised their premiums by an average of 50%, and up to 100% in some markets, Mike Clarkson said, president of All Lines Insurance Group, a Clearwater-based company that represents 750 condominium associations statewide.

However, condominium unit sales are still active as the booming real estate market has “condos still flying,” he said. But while many buyers offer cash payments for their purchases, new owners too often face a stark reality, he said. “There is no capacity in the market – which dried up on March 1.”

The result is that condominium owners are forced to turn to the more expensive and less regulated excess line market or purchase insurance from Citizens Property Insurance, the common carrier. Citizens, however, are barred to the wealthiest homeowners, as they cap coverage at $700,000 statewide and $1 million in Monroe and Miami-Dade counties.

The condominium insurance market reflects the same issues as the larger homeowner’s property insurance market. In the past 90 days, three Florida home insurance companies have been declared insolvent and a fourth insurer has announced it is canceling more than 68,000 policies.

Related: When Florida Property Insurers Fail, Few Wonder Why

Late Friday, the House released a bullet list outlining some proposals that will be considered. None of the items mentions co-ownership coverage. Earlier in the week, Governor Ron DeSantis was making promises.

“It will be a significant package,” the governor said Monday. “And we won’t accept anything less than a very important package for the people of Florida.”

Citizens see a spike in condominium policies

Over the past year, Citizens has seen the number of individual condominium insurance policies for buildings over 40 years old decline across the state. Then, in March, the company saw a 27% increase in new policies for older buildings in Florida, with a 37% increase in Miami-Dade and Broward counties alone.

In condominiums built before 1982, unit owners increasingly had to look to citizens for home insurance, Citizens told the Schedules / Announcement. In March, citizens saw a 35% increase in new business statewide for condos under 40 years old, an increase of just 12% in policies for these buildings in Miami-Dade and Broward.

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“I haven’t seen it this bad in 30 years,” Clarkson said.

Condo associations are required by law to have master policies for building coverage, to cover structural damage caused by things like storms, wind, and fire. Most condominium corporations also have bylaws stipulating other insurance requirements, such as flood insurance, general liability, directors and officers insurance (which protects people who take decisions for the board).

But for several years, there hasn’t been much competition among insurance companies to write master policies for the condo market, as banks “made it harder and harder to get a loan for a mortgage on a condominium unit, Clarkson said.

Before Champlain Towers South collapsed on June 24, 2021 and raised doubts about the structural integrity of thousands of aging condominium buildings in Florida, the condominium prime policy insurance market was already in decline, Clarkson said. Since the Surfside tragedy, things have only gotten worse.

Some companies have stopped writing master policies for condominiums, others simply choose not to renew, and the few that remain to be written have imposed new underwriting policies. Condominium corporations must now provide proof that the condominium has passed all inspections, completed a detailed on-site inspection of all buildings, and that all members of the board of directors have signed affidavits confirming that it does not there are no outstanding maintenance issues.

Lawmakers failed to reach an agreement

During the regular legislative session that ended in March, lawmakers considered legislation that would impose statewide re-inspection requirements for aging buildings and meet the financial reserve requirements needed to pay for them. .

But the bills died when the Senate and House reached an impasse. The Senate refused to require condo associations to hold reserves to pay for structural repairs, allowing a two-thirds vote of owners to waive reserves, while the House refused to back down from its requirement that it not there is no waiver of reservations.

Related: Florida legislature fails to agree on bill to increase inspections of aging condos

“Florida’s property insurance crisis is a man-made disaster, not a natural disaster,” said Mark Friedlander, director of communications for the Insurance Information Institute. Like many in his industry, he notes that underwriting losses peaked in 2020, even in the absence of active hurricanes, and the data shows that losses are tracking the increase in water damage litigation and property claims. roof and costs accelerated by attorney fee multipliers.

Between 2020 and 2021, 2,267 commercial residential condo policies were dropped by admitted carriers in Florida and nine fewer companies purchased coverage, according to the Office of Insurance Regulation, which is responsible for regulating the industry.

For owners seeking information on excess liner carriers, which are not regulated, the OIR directs consumers to www.fslso.com/Florida/MarketData/home.

At a Florida insurance market briefing sponsored by AM Best, the credit rating agency, insurers warned that Florida’s property insurance climate will get worse before it gets worse. improve.

Kyle Ulrich, president and CEO of the Florida Association of Insurance Agents, said Thursday that speaking to more than 2,000 members of his association, “this is the toughest market in which anyone I spoke had to operate, even after (Hurricane) Andrew in 1992 and 1993.”

DeSantis does not offer specifics

Meanwhile, DeSantis has remained silent on which direction he would prefer lawmakers to go. He said this week he was ready to address other issues “if the legislature comes to me and says it’s okay to do some of the other key things that people have been talking about on a wide range of issues. “. Efforts to get his communications staff to clarify whether he took a position on the House or Senate’s approach to condo inspection reform went unanswered.

Sen. Jason Pizzo, a Miami Beach Democrat, is less optimistic than the governor about the outcome.

He said he was one of the only lawmakers to live in a condominium and have gone through the pain of finding affordable insurance. He said he bought his apartment a few months ago and the price of his home insurance was “awful”.

“I’m disappointed that whatever we do next week will result in immediate premium reductions,” he said.

He also said he fears lawmakers are doing too little, too late.

“My biggest concern is that real estate valuations have followed the appreciation of the real estate market, and they’re going to catch up and you’re going to have a perfect storm,” he said. “Higher property taxes, higher insurance, mortgage insurance and all of that is going to pop the balloon and cause recessionary pressures.”

Airbnb hosts use platform revenue to pay for food, rent and mortgages – but three US states are more lucrative than others https://homeassociates.org/airbnb-hosts-use-platform-revenue-to-pay-for-food-rent-and-mortgages-but-three-us-states-are-more-lucrative-than-others/ Fri, 20 May 2022 18:14:00 +0000 https://homeassociates.org/airbnb-hosts-use-platform-revenue-to-pay-for-food-rent-and-mortgages-but-three-us-states-are-more-lucrative-than-others/

With prices rising everywhere, Airbnb ABNB,
hosts report that their hosting money has become essential money.

More than a third of Airbnb hosts globally said hosting has helped them cover the rising cost of living.

The accommodation rental company launched its annual survey this week which examines how users interact with the platform. This year, the survey focuses on global inflation and asks how it affects hosts and guests to use the platform.

While more than 40% of hosts say income earned through the platform is for additional spending, a similar percentage say they depend on that money to make ends meet. As groceries have become more expensive, nearly half of hosts globally said they use income to buy basic necessities such as food.

According to the Food and Agriculture Organization of the United Nations, the FAO Food Index – an index that tracks monthly movements in international prices – rose nearly 30% in April from a year ago. a year.

Nearly 45% of respondents say guest money has kept them in their home over the past year, helping with their rent or mortgage payments.

Nearly 45% of respondents say the money has allowed them to stay in their home, helping with their rent or mortgage payments.

The company reports that hosts are making more money as people show greater willingness to travel – a typical host in the US earned a median accommodation income of $13,800 in 2021, up 85% since 2019.

California, Florida and Texas are the top three states — and three of the nation’s hottest real estate markets — where new U.S. hosts earn the most, bringing in $270 million, $265 million, and $265 million, respectively. $170 million last year.

The vacation rental company reported a strong first quarter earlier this year. With a banner year in 2021, the company said its performance showed full recovery from the impact of COVID-19.

On the company’s earnings call, Airbnb chief executive Brian Chesky said, “People are also more confident booking trips further in advance, and we’re seeing strong demand for summer bookings and beyond.”

Financial investigation of Five Star Bancorp (NASDAQ:FSBC) and First Bancorp (NASDAQ:FBNC) https://homeassociates.org/financial-investigation-of-five-star-bancorp-nasdaqfsbc-and-first-bancorp-nasdaqfbnc/ Fri, 20 May 2022 13:03:23 +0000 https://homeassociates.org/financial-investigation-of-five-star-bancorp-nasdaqfsbc-and-first-bancorp-nasdaqfbnc/

Five Star Bancorp (NASDAQ:FSBC – Get Rating) and First Bancorp (NASDAQ:FBNC – Get Rating) are both small cap finance companies, but which company is better? We’ll compare the two companies based on the strength of their institutional ownership, profitability, risk, earnings, analyst recommendations, dividends and valuation.

Insider and Institutional Ownership

37.1% of Five Star Bancorp shares are held by institutional investors. By comparison, 68.6% of First Bancorp’s shares are held by institutional investors. 27.7% of the shares of Five Star Bancorp are held by insiders of the company. By comparison, 1.9% of First Bancorp’s shares are held by insiders of the company. Strong institutional ownership indicates that endowments, hedge funds, and large fund managers believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of the current ratings and recommendations for Five Star Bancorp and First Bancorp, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Five Star Bancorp 0 0 3 0 3.00
First Bancorp 0 1 1 0 2.50

Five Star Bancorp currently has a consensus target price of $29.67, suggesting a potential upside of 18.57%. First Bancorp has a consensus target price of $50.50, suggesting a potential upside of 40.20%. Given First Bancorp’s possible higher upside, analysts clearly believe that First Bancorp is more favorable than Five Star Bancorp.


Five Star Bancorp pays an annual dividend of $0.60 per share and has a dividend yield of 2.4%. First Bancorp pays an annual dividend of $0.88 per share and has a dividend yield of 2.4%. Five Star Bancorp pays 23.5% of its profits as a dividend. First Bancorp pays 27.1% of its earnings 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. First Bancorp has increased its dividend for 2 consecutive years. First Bancorp is clearly the better dividend-paying stock, given its higher yield and longer track record of dividend growth.

Valuation and benefits

This chart compares the revenue, earnings per share (EPS), and valuation of Five Star Bancorp and First Bancorp.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Five Star Bancorp $88.86 million 4.86 $42.44 million $2.55 9.81
First Bancorp $329.53 million 3.89 $95.64 million $3.25 11.08

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


This table compares the net margins, return on equity and return on assets of Five Star Bancorp and First Bancorp.

Net margins Return on equity return on assets
Five Star Bancorp 45.14% 18.45% 1.66%
First Bancorp 29.04% 10.92% 1.21%

Five Star Bancorp Company Profile (Get a rating)

Five Star Bancorp operates as a bank holding company for Five Star Bank which provides a range of banking products and services to small and medium businesses, professionals and individuals. The company accepts various deposits, such as money market accounts, interest-free and interest-free checking accounts, savings accounts, and term deposits. Its lending products include commercial and residential real estate loans; business loans; commercial land loans; agricultural land loans; commercial and residential construction loans; and consumer and other loans. The company also offers debit cards; and remote deposit capture, online and mobile banking, and direct deposit services. It operates through seven branches and two loan origination offices in Northern California. Five Star Bancorp was founded in 1999 and is headquartered in Rancho Cordova, California.

First Bancorp Company Profile (Get a rating)

First Bancorp logoFirst Bancorp operates as a bank holding company for First Bank which provides banking products and services to individuals and small and medium-sized businesses, primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as term deposits, including certificates of deposit and individual retirement accounts. The Company also offers loans for consumer and commercial purposes, including business, real estate, personal, home improvement and automobile loans, as well as residential mortgages and government loans. small enterprises ; and accounts receivable financing and factoring, inventory financing and purchase order financing services. In addition, it provides credit and debit cards, letters of credit and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, telephone banking and remote deposit collection services. In addition, the Company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance and corporate pension plans, as well as P&C insurance products; and financial planning services. As of December 31, 2021, it operated 121 branches comprising 114 branches located in North Carolina and seven branches in South Carolina. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.

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More startups sprout in Tampa Bay’s competitive housing market https://homeassociates.org/more-startups-sprout-in-tampa-bays-competitive-housing-market/ Thu, 19 May 2022 10:22:03 +0000 https://homeassociates.org/more-startups-sprout-in-tampa-bays-competitive-housing-market/

For nearly a month, Julie Youngblood has been traveling around Florida to meet real estate agents.

She’s helping the Austin-based company Homeward, which pays cash for homes up front while buyers finalize their own financing, get started in the state’s boiling real estate market. From town to town, Youngblood trained local real estate agents on this alternative method of home buying intended to help people compete with cash-strapped investors.

Miami realtors were a little hesitant about Homeward’s offer to pay cash for homes, Youngblood said. But Tampa was ready for it.

“Tampa was like, ‘You got what? Come on. Let’s go,’” she said.

Cash is king in Tampa Bay. The number of homes purchased without additional financing like mortgages skyrocketed in 2021 — most were purchased by investors or wealthy out-of-state buyers, according to data from Florida Realtors. There are hundreds of buyers coming to Florida each month looking to buy homes out of pocket compared to before the COVID-19 pandemic. With demand at record highs and inventory low, this seller’s market has made it difficult for many to find a home they can afford and win in the bidding wars.

Homeward isn’t the first company to offer cash options to enter the Tampa Bay housing market. Another startup, Ribbon, launched in August, also allows buyers to make cash offers, and San Francisco-based rent-to-own company Divvy has had a presence in the area for more than two years. They offer homebuyers the opportunity to use unconventional methods as a way to compete in the competitive housing market.

“Look at cash, low inventory and institutional purchases and that makes it very difficult for your traditional landlord,” said Homeward property manager Brian Gubernick. “That’s why we at Homeward felt like Florida and Tampa was specifically the next place we needed to be.”

Homeward, founded by Austin realtor Tim Heyl in 2018, announced its expansion to Tampa on May 10. The company offers two programs: buy before you sell and buy with cash. Homeward will buy a home through a cash offer, which has a four times higher chance of winning an offer, and allows customers to obtain a mortgage from the company to buy it out or use another lender.

“We are not an iBuyer. We want this to be a pure cash offer, meaning we complete our purchase. It’s not a bridge loan, it’s not some kind of creative financing,” Gubernick said. “We’re literally paying cash for this house, letting the client move in and then buying us out.”

Homeward also attracts potential sellers. Some landlords fear selling, Gubernick said, because they fear they won’t be able to find another location. The company’s buy-before-sale option allows Homeward to buy a house with cash and the owner can then sell and pay it back with the money they would have used to buy the house themselves.

Keller Williams real estate agent Michael Notbohm in Tampa said he sometimes feels uncomfortable advising clients on shortcuts, such as waiving appraisal contingencies or inspections to win a contract. on a house. But he said many of his clients were tired of losing bidding wars.

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Julie Youngblood with Homeward, a new, expanding company in Tampa that offers cash deals on the home that homeowners must pay back, poses for a portrait at Keller Williams Realty Tampa Central, where she led training meetings on this new way to buy homes in an increasingly expensive market, Monday, May 16, 2022 in Tampa.
Julie Youngblood with Homeward, a new, expanding company in Tampa that offers cash deals on the home that homeowners must pay back, poses for a portrait at Keller Williams Realty Tampa Central, where she led training meetings on this new way to buy homes in an increasingly expensive market, Monday, May 16, 2022 in Tampa. [ MARTHA ASENCIO-RHINE | Times ]

“I don’t feel good telling my client to do this, like I know you really want the house.” But people were like, ‘We don’t care what he rates. We don’t care if it falls apart, we’ll still give it all up just to close the deal,” Notbohm said.

He is one of the first agents in Florida to use Homeward. He said he knew a family who wanted to sell their father’s house after his death to someone who would live there – but they also wanted the ease of a cash offer. A buyer ended up using Homeward, who had no chance of getting the house without it, and closed the sale. It was “empowering” to solve a problem that was a win-win for both buyer and seller, Notbohm said.

The idea of ​​turning anyone into a cash buyer, he said, “almost seems too good to be true.”

And is it? The experts told the Tampa Bay Weather that these companies, which offer similar solutions to the same problem, are still new. Buyers should do their due diligence and read the fine print.

“This high speed [for housing] is painful. Up-front companies arm you to compete in a very fast-paced market, but they also do so by default,” said economist Skylar Olsen of mortgage firm Tomo.

The average Tampa Bay home is on the market for 6 days before a sale is underway, which is nearly half the national average, according to Tomo data. It’s a sign of how competitive the market is and how little time people have to make one of the most important decisions of their lives, Olsen said. While some thought mortgage rates above 5% could cool the market, Olsen said it’s enticing people to get in before rates rise even higher, relying on that “fear of missing out” and further stressing the market.

If people choose to use companies like Homeward or Divvy, Olsen said they need to understand it might cost more in the long run.

Homeward says they save customers money because sellers are willing to lower their price for the ease of a cash offer, Youngblood said. While Homeward and Ribbon are services for homebuyers who can get a mortgage, rent-to-own companies focus more on people who have difficulty accessing finance.

Stacie Gause, a 44-year-old teacher, said she wanted a home in the Orlando area but because the pandemic affected her income for several months and she couldn’t qualify for a loan. Divvy bought a house of her choice a year ago with cash and she said she rented the house until she could buy it 9 months later.

“We just wanted to own our own property and we’re not getting any younger,” Gause said. “We just wanted to have that American dream.”

Adena Hefets, the founder of Divvy, traveled to Tampa in April for the first time since the pandemic to take the pulse of the market. She said needs in the area have skyrocketed since Divvy entered Tampa Bay in 2019.

“Incomes have been flat…but house prices have appreciated,” she said.

Divvy pushed ad campaigns this year on local TV, radio and Youtube. Florida, Georgia and Texas are the company’s largest markets, Hefets said.

Divvy buys a house for cash and rents it out. A percentage of the rent is used to provide a down payment until a customer like Gause can buy it within three years.

Lease-to-own programs have been around longer and have always been controversial. But Hefets said most predatory practices in this area happen with smaller-scale landlords. Because Divvy is a company, it is regulated.

Even without help from startups, most homebuyers have to sacrifice something to get a deal on a home. About 82% would be willing to move to a less desirable neighborhood to buy, according to a recent Bank of America survey. About 70% are willing to buy a smaller home or give up outdoor space. The survey showed that millennials are the first age group trying to enter the market right now.

“Many of them are even considering getting a second job to bridge the gap with potentially higher interest rates or higher housing costs,” said Scott Stange, Tampa loan market leader at Bank of America.

More than half of millennials delay buying a home to save, according to the survey. Many have to increase their budget to buy.

“They feel a lot of pressure to own,” Stange said. “They just need to find the right location. And in many cases, it may not be near Tampa. Maybe it should be a little further.

North Redington Shores man charged with multiple frauds | USAO-MDFL https://homeassociates.org/north-redington-shores-man-charged-with-multiple-frauds-usao-mdfl/ Wed, 18 May 2022 15:51:05 +0000 https://homeassociates.org/north-redington-shores-man-charged-with-multiple-frauds-usao-mdfl/

Tampa, Fla. — U.S. Attorney Roger B. Handberg announces the unsealing of an indictment charging Alexander Leszczynski (22, North Redington Beach) with wire fraud, bank fraud and money laundering. If convicted on all counts, Leszczynski faces a maximum sentence of 30 years in federal prison. The indictment also informs Leszczynski that the United States intends to confiscate $337,000, which represents the proceeds of the offenses, and property implicated in the offenses. Leszczynski made his first appearance on May 17, 2022, and was taken into custody pending trial.

According to court documents and facts presented at the bail hearing, Leszczynski used fictitious charitable entities, such as Love & Bliss, Inc., to engage in numerous frauds. The schemes included fraudulently applying for and receiving two Payroll Protection Plan (“PPP”) loans totaling approximately $195,910 and participating in a check scheme and attempting to deposit $2.7 million from void checks to the Love & Bliss, Inc. business account. Leszczynski laundered proceeds from the PPP and check schemes through multiple accounts in an effort to conceal these proceeds in the United States and prevent their recovery. The United States eventually seized $337,000 from an account controlled by Leszczynski, and when he discovered the money had been frozen, he attempted to have him released by producing a fabricated pardon allegedly signed by the former president. Donald Trump.

In a separate fraud scheme, Leszczynski filed fraudulent warranty deeds claiming to attribute to himself and his companies 10 properties in the United States collectively worth more than $300 million. When owners and attorneys attempted to correct the fraudulent acts, Leszczynski responded by sending harassing and threatening letters, emails and faxes.

The CARES Act (Coronavirus Aid, Relief, and Economic Security) is a federal law enacted in March 2020. It is designed to provide emergency financial assistance to millions of Americans who are suffering from the economic effects resulting from the COVID pandemic. -19. One of the sources of relief provided by the CARES Act is the authorization of up to $349 billion in small business forgivable loans for job retention and certain other expenses through the PPP. In April 2020, Congress authorized over $300 billion in additional PPP funding.

The PPP allows small businesses and other eligible organizations to receive loans with a term of two years and an interest rate of 1%. Businesses must use PPP loan proceeds for payroll costs, mortgage interest, rent and utilities. The PPP allows interest and principal to be waived if the company spends the proceeds of these expenses within a specified time and uses at least a certain percentage of the loan for payroll expenses.

An indictment is simply a formal accusation that an accused has committed one or more violations of federal criminal law, and each accused is presumed innocent unless and until proven guilty.

This case was investigated by the Federal Bureau of Investigation, Largo Police Department, Indian Shores Police Department and Palm Beach Police Department. He will be prosecuted by Assistant United States Attorney Rachel Jones and the asset forfeiture will be handled by Assistant United States Attorney Jimmy Muench.

Contrast AG Mortgage Investment Trust (NYSE:MITT) and Howard Hughes (NYSE:HHC) https://homeassociates.org/contrast-ag-mortgage-investment-trust-nysemitt-and-howard-hughes-nysehhc/ Wed, 18 May 2022 10:25:04 +0000 https://homeassociates.org/contrast-ag-mortgage-investment-trust-nysemitt-and-howard-hughes-nysehhc/

AG Mortgage Investment Trust (NYSE:MITT – Get Rating) and Howard Hughes (NYSE:HHC – Get Rating) are both finance companies, but which is the better stock? We’ll compare the two companies based on their dividend strength, analyst recommendations, risk, profitability, institutional ownership, valuation and earnings.

Insider and Institutional Ownership

48.0% of the shares of AG Mortgage Investment Trust are held by institutional investors. By comparison, 99.2% of Howard Hughes shares are held by institutional investors. 4.5% of the shares of AG Mortgage Investment Trust are held by insiders of the company. By comparison, 26.9% of Howard Hughes shares are held by insiders of the company. Strong institutional ownership indicates that endowments, large fund managers, and hedge funds believe a stock will outperform the market over the long term.

Risk and Volatility

AG Mortgage Investment Trust has a beta of 1.48, meaning its stock price is 48% more volatile than the S&P 500. Comparatively, Howard Hughes has a beta of 1.38, meaning its stock price its stock is 38% more volatile than the S&P 500.


This table compares the net margins, return on equity and return on assets of AG Mortgage Investment Trust and Howard Hughes.

Net margins Return on equity return on assets
AG Mortgage Investment Trust 52.03% 11.30% 1.24%
Howard Hughes 8.62% 3.42% 1.32%

Analyst Notes

This is a summary of recent ratings from AG Mortgage Investment Trust and Howard Hughes, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
AG Mortgage Investment Trust 0 1 3 0 2.75
Howard Hughes 0 0 2 0 3.00

AG Mortgage Investment Trust currently has a consensus target price of $13.69, indicating a potential upside of 71.52%. Howard Hughes has a consensus target price of $122.50, indicating a potential upside of 38.65%. Given AG Mortgage Investment Trust’s likely higher upside, research analysts clearly believe that AG Mortgage Investment Trust is more favorable than Howard Hughes.

Valuation and benefits

This table compares the revenue, earnings per share (EPS) and valuation of AG Mortgage Investment Trust and Howard Hughes.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
AG Mortgage Investment Trust $70.66 million 2.70 $104.19 million $2.16 3.69
Howard Hughes $1.43 billion 3.18 $56.10 million $2.29 38.58

AG Mortgage Investment Trust has higher earnings, but lower earnings than Howard Hughes. AG Mortgage Investment Trust trades at a lower price-to-earnings ratio than Howard Hughes, indicating that it is currently the more affordable of the two stocks.


Howard Hughes beats AG Mortgage Investment Trust on 8 of the 14 factors compared between the two stocks.

AG Mortgage Investment Trust Company Profile (Get an evaluation)

AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-qualifying mortgages, non-occupied loans by government-sponsored entities, re/non-performing loans, land-related financing and residential mortgage-backed securities. agency; and business investments. The Company is considered a real estate investment trust for federal income tax purposes. It would generally not be subject to federal corporate income tax if it distributed at least 90% of its taxable income to its shareholders. The company was incorporated in 2011 and is based in New York, New York.

Howard Hughes Company Profile (Get an evaluation)

Howard Hughes logoThe Howard Hughes Corporation owns, manages and develops operating commercial, residential and hotel properties in the United States. It operates through four segments: Operating Assets; Principal Planned Communities (MPC); Seaport district; and strategic developments. As of December 31, 2020, the operating assets segment held 15 retail businesses, 33 offices, 12 multi-family properties, 3 hotels and 13 other operating and investment assets primarily located in The Woodlands, Texas; Chicago, Ill.; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii. The MPC segment develops and sells detached and attached single-family homes, and ranges from entry-level homes to luxury homes to residential builders and developers; and sells or leases land for commercial development, including land parcels for retail, office, hospitality and residential projects. The Seaport District segment is involved in owner operations, managed businesses, events and sponsorships. The Strategic Development segment invests in residential condominium and commercial property projects. This segment includes 18 development or redevelopment projects. The Howard Hughes Corporation was founded in 2010 and is headquartered in Dallas, Texas.

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Maryland Gubernatorial Candidate Jerome M. Segal – Baltimore Sun https://homeassociates.org/maryland-gubernatorial-candidate-jerome-m-segal-baltimore-sun/ Tue, 17 May 2022 16:32:47 +0000 https://homeassociates.org/maryland-gubernatorial-candidate-jerome-m-segal-baltimore-sun/

Governor of Maryland

Jerome M. Segal



Silver Spring, Montgomery County

Director, The Peace Consultancy

BA – The City College of New York Master in Public Policy – University of Minnesota Ph.d. in Philosophy, University of Michigan

1965 – 1972 – anti-war and civil rights movement 1975 – Served in the UN, helped Clarence Mitchell in his fight against apartheid. 1977 – 78 House Budget Committee, Trustee of Social Equity Task Force. Focused on unemployment disparities between racial groups. 1979 – 1983 – Coordinator for the Near East, USAID, fought for the conception of the basic needs of economic development. Removed by John Bolton. 1984 – present – linked to the University of Medicine, mainly the School of Public Policy 1982 – Together with Marc Raskin (Jamie Raskin’s father) organized the first Jewish demonstration at the Israeli Embassy against the invasion of the Lebanon. 1987 – First Jewish delegation to engage with the PLO. 1988 – present – 3 books on the Israeli-Palestinian conflict. 1999 – wrote “Graceful Simplicity: the Philosophy and Politics of Simple Living” 2018 – Challenged Ben Cardin in the Democratic primary both on Israel and as an advocate for Bread and Roses socialism.

What is the most pressing problem in Maryland and what are you planning to do about it?

It’s still education. The so-called Blueprint for Maryland’s Future, which became law, was a giant step in addressing the social justice aspects of the distribution of financial and human resources to schools and in closing multiple equity gaps. However, when it comes to education itself, what to teach in the classroom and the missions of public schools, it turned out to be a terribly impoverished document, with a very limited vision of the mission from public school, and even in his area of ​​interest: getting better jobs, he had little understanding of future labor markets and failed to engage in the long-term thinking needed when it comes to to educate today’s children, most of whom will be healthy and active in the 21st century. In his quest for a “world-class” school system, he committed Maryland to focus on the only way to compare schools internationally: standardized tests.

What should the state do to reduce violent crime in and around Baltimore?

Everyone has the right to live without fear. Relying on the police has been disastrous, leading to a new kind of fear, fear of the police themselves. We know our society is sick when parents have to have “The Talk” to teach their sons how to survive an encounter with agents meant to protect them. And imprisonment only makes things worse. I firmly believe in the right of the community to eliminate those who endanger the lives of ordinary people. The problem is that we have no viable, humane way to do this. We must rethink the “abduction” from top to bottom. Prison as we know it should be abolished. People of all ages, but especially young people, need new environments that support human transformation. It’s not a panacea, but I believe in a free summer camp for all children from low-income families.

What are your top three transportation priorities in Maryland and how would you fund them?

Two priorities: public transport and the “quasi-free EV”. Best-selling electric vehicle: Tesla, starting at $60,000. Low-income households will be the last to switch to electric vehicles, waiting for Teslas to become old used cars. Low-income people will be the last polluters on the road. We can reverse that. The second best-selling electric vehicle in the world is the Wu Ling Mini. It’s only available in China and sells for $4,500. Guess who makes it? GM owns 44% of the company. As governor, I will bring “nearly free electric vehicles” to Maryland, even if the state has to contract with Shanghai or Tokyo for 250,000 that we will resell in Maryland. Our deeper goal is to reduce the transport budget of households from 20% of income to 5% of income, thus making it possible to live with 15% less money, and thus to start the weekend at 10:30 am on Friday morning . It’s bread and roses.

What should schools in Maryland do differently during the next pandemic?

1. Mobilize a national health guard to protect people in nursing homes, who died like sheep in the first six months. 2. Use work-sharing programs so that an employer who goes from 5 workers at 40 hours (200 hours) to 4 workers at 40 (160 hours) instead goes to 5 workers at 32 hours (also 160 hours). We could have avoided almost all unemployment. 3. A Year of New Education: Stop teaching all the competitive and stressful classes at school. Have a fun-filled year, teach through movies, teach the arts, host virtual debates, learn about the history of slavery, host performance contests, read only the most enjoyable books, or better yet, listen- them on audiobooks, write poetry, visit other countries (virtually). Have the most educational and joyful year of your life.

What are your plans for state property taxes?

We have a proportional property tax, the same rate for rich and poor. We need progressive property taxes. Zero property tax for those with small homes or in low-income neighborhoods and higher rates on McMansions. For Bread and Roses Socialism, this is only part of our housing ambition. We will provide ZIMs – zero interest mortgages for building modest and even tiny homes. This will pay off mortgages on a modest home in 10 years even with a modest income. This housing cost (mortgage + property taxes) generally represents 25% of income and corresponds to 25% of working time, 1 day plus 5 hours. Combine that with the 6 hours we save on transportation and we have the 3 day work week. It’s bread and roses.

How fairly do the police treat people of color?

First of all, you can’t just ask “how do the police treat people of color”. People are each responsible for their own actions, and people are different. But we know that there is a system and a culture in which abuse, brutality and injustice run rampant. And it’s a giant problem, not just for those who directly suffer from it, but because it also has deep ties to America’s original sin: slavery. In many ways, today’s police brutality is the long reach of our terrible history in the present, and it puts us all to shame.

What would you do to ensure Maryland’s voting system is safe and accurate?

I view this as a non-issue that was fabricated to suppress minority voting. Today there is a real threat to our voting system, but of a completely different order. It’s Donald Trump, calling election officials in Georgia and saying, “Find me 13,647 votes.” And this is not an anomaly. The Republican Party has sunk to the lowest gutter in American history. With the exception of a few people they fire from office, there is no integrity in all of them. Even during the Civil War era, no one argued that Lincoln hadn’t won. Today’s Republicans would at least be honest if they left the Union and fired on Fort Sumpter, rather than destroying faith in the legitimacy of American elections.

What are good targets and timelines for Maryland to reduce carbon emissions and expand renewable energy sources?

The automobile is the worst source of carbon emissions and one of the easiest to fix. We need to move to electric vehicles, and it’s totally doable, and in a previous answer I wrote about the need for a “near-free EV”. The real issue for Maryland is how to make a difference in climate change itself. Meeting our targets, whether by 2035 or 2060, will make no difference to sea levels or temperature levels. Bread and Roses seeks to model for the country and for the world a different conception of a developed society, which is not a question of growing, which offers a better quality of life with modest levels of consumption and with more of time that is truly ours.

What are Governor Larry Hogan’s best and worst policies?

Above all, the best thing about Larry Hogan is that he said he wouldn’t support Trump even if Trump gets the nomination. This simple prioritization of country over party is a rarity in the Republican Party today. Things are so bad in the United States today that although, as a bread and rose socialist, I could hardly be further from Hogan on policy, I recognize that a Hogan presidency could indeed be a good thing.

Why a historic Delaware school is now part of the national park system https://homeassociates.org/why-a-historic-delaware-school-is-now-part-of-the-national-park-system/ Tue, 17 May 2022 09:14:03 +0000 https://homeassociates.org/why-a-historic-delaware-school-is-now-part-of-the-national-park-system/