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The fastest-growing house prices aren't where you think
The fastest-growing house prices aren't where you think

AU Financial Review

time21-07-2025

  • Business
  • AU Financial Review

The fastest-growing house prices aren't where you think

Australia's immigration-driven population growth means suburbs in Sydney, Melbourne and Brisbane with the potential to build more homes in active areas – which are already outpacing their city average – will gain more as home-building picks up, investment company Longview says. Older homes – where more value lies in the land than in the dwelling – on sites close to public transport, employment hubs or activity centres, will continue to rise in value because of their development potential, Longview chief executive and former Victorian state Labor MP Evan Thornley said.

Storage a superpower for Cedarglen's Longview
Storage a superpower for Cedarglen's Longview

Calgary Herald

time16-07-2025

  • Business
  • Calgary Herald

Storage a superpower for Cedarglen's Longview

Many parents looking for a new home will keep an eye on how a floor plan fits their children's needs — both immediate and down the road. Article content That's important because it in part dictates whether or not it can offer the family a long-term solution. Article content Article content Some of these supports include bedrooms, storage space, the bathroom and a functional work station. Article content With those characteristics in mind, the Longview by Cedarglen Homes is there for the long-haul. This is a front-drive single-family model that's available from between 2,226 and 2,375 square feet. Article content It's now displayed as a show home in the Logan Landing. This new southeast Calgary community is located near both the amenity-rich Seton Urban District and South Health Campus. Article content In the standard plan, the Longview has three bedrooms above grade. But the show home reflects an option with four bedrooms. Article content Each secondary bedroom, typically used by a child in the family, is well-sized. Along with the primary bedroom, two of these bedrooms feature a walk-in closet. Article content In turn, these bedrooms have the capacity to support children through various stages of life. Article content Article content Near these sleep spaces, there's a full bathroom that lets more than one child use it at the same time. With separate sinks on opposite walls, siblings can brush their teeth and comb their hair at the same time. Article content Article content Features in the ensuite also include a soaker tub and glass-encased shower with a stylish black frame. There's also a vanity with two sinks beneath a full-width mirror. Article content Separating the primary bedroom from the secondary bedrooms is a central bonus room. Article content In the show home, another bedroom is in its basement, which is developed as a legal suite. It also contains features that make it self-sufficient such as a kitchen and dining area. Article content Article content Children in the household are also accommodated in the main level flex room. In the show home, this space is staged with an expansive two-seater desk. In practice, this would let siblings polish off their respective home work assignments at the same time. Article content The flex room is positioned right off the foyer. This makes it a good fit for people who work from home. Its proximity to the front door is handy for retrieving work-related deliveries and greeting co-workers or clients. Article content Designed with privacy in mind, the foyer restricts views beyond the immediate space. Article content The back half of the main level is open-concept and bright. Article content It stars an elegant L-shaped kitchen with an island that seats four people. The cooking space is presented with stainless steel appliances, such as a fridge with french doors and bistro-inspired chimney-style hoodfan.

Stripe's first employee, the founder of fintech Increase, sort of bought a bank
Stripe's first employee, the founder of fintech Increase, sort of bought a bank

Yahoo

time03-07-2025

  • Business
  • Yahoo

Stripe's first employee, the founder of fintech Increase, sort of bought a bank

It's an open secret in the fintech world that the founder and CEO of startup Increase, Darragh Buckley, has been trying for years to 'buy a bank,' as one person familiar with the landscape told TechCrunch. A couple of weeks ago, he basically succeeded. He bought a big enough stake in Twin City Bank to trigger a public disclosure of the transaction by the Federal Reserve Board. Such share purchases are then subject to FDIC approval. Twin City is a small community bank in Longview, Washington, about an hour north of Portland, Oregon. The stake had to be in excess of 10% to trigger the disclosure. Buckley confirmed the deal to TechCrunch but declined to say how big of a stake he purchased. Whether he owns 11% or, say, 51%, we understand he is not the sole owner. Still, anything upward of 10% makes him a major shareholder. (For comparison, public companies have to disclose all ownership stakes of 5% or more.) The assumption in the industry was that Buckley wanted a bank to further the ambitions of Increase, his banking-as-a-service (BaaS) startup, multiple sources told TechCrunch. What's particularly wild is that a mysterious entity — most likely one of Buckley's competitors — was so opposed to this deal that it hired an agency to pitch the press on writing negative stories about it and him. But, Buckley told TechCrunch, this was actually his third investment in a Washington community bank and his interests are not what his competitors think. This is not an effort for Increase to own the bank, he said. 'Twin City Bank is, and will remain, a community-focused bank,' he said. Increase offers an API platform that allows financial services to be programmatically served. It performs tasks like automated clearing house transactions, wires, real-time payments, etc. Increase's customers are largely other fintechs like Ramp, Check, and Pipe. As Stripe's first employee, Buckley has 'a great reputation as an engineer among his peers,' one person in the fintech industry told TechCrunch. Even some BaaS competitors refer business to Increase when they can't handle it themselves. Like most fintechs, Increase partners with (and shares revenue with) FDIC-insured banks to offer such regulated services. Obtaining banking licenses themselves is difficult and expensive. Even Chime, which offers checking and savings accounts and recently had an IPO, is not an FDIC-insured bank but has banking partners. In Increase's case, it works with Grasshopper Bank and First Internet Bank of Indiana. (Buckley said he has no personal investment in either one.) However, BaaS is a crowded, competitive market. That's led a small number of them to find a workaround to stand out: buying small community banks directly and doing away with banking partners. The biggest example of this is William Hockey, co-founder of Plaid, whose current fintech, Column, bought Northern California National Bank for $50 million in 2021. Another example is a Kansas City bank called Lead, bought and led by former Block executives Jackie Reses, Lead's CEO, and Ronak Vyas, CTO. Buckley insists he has no plans to turn Twin City into his company's personal partner bank or to swell its revenues with lots of fintech partners like Increase's customers. The latter, he knows, can be dangerous. For example, Evolve Bank, a partner to many fintechs from Affirm to Stripe, was the target of a large ransomware attack in 2024. This was shortly after the Federal Reserve System issued a cease-and-desist consent order to Evolve over problems it found with the bank's risk management systems. Evolve was ordered to implement pages of compliance fixes. (The bank was also associated with the meltdown of BaaS startup Synapse.) 'Twin City Bank shouldn't support sponsor banking,' Buckley explained, referring to banking partnerships with fintechs. 'Sponsor banking requires very specific capability and capacity to supervise partners safely and soundly. Only specialized banks should do it.' So why make such a big investment if not to benefit Increase? Because he likes community banks. They are the underdogs of the banking world. 'There's perhaps a prevalent view in the financial technology industry that community banks can't grow on their own. But community banks' strength is their relationships and knowledge,' he said. If Buckley's plan for the bank ever changes, his BaaS competitors will be watching. As for the mysterious entity hoping to stop him: it's too late. He said he received the FDIC's 'non-objection for control' approval and the deal has already closed. Sign in to access your portfolio

Stripe's first employee, the founder of fintech Increase, sort of bought a bank
Stripe's first employee, the founder of fintech Increase, sort of bought a bank

TechCrunch

time03-07-2025

  • Business
  • TechCrunch

Stripe's first employee, the founder of fintech Increase, sort of bought a bank

It's an open secret in the fintech world that the founder and CEO of startup Increase, Darragh Buckley, has been trying for years to 'buy a bank,' as one person familiar with the landscape told TechCrunch. A couple of weeks ago, he basically succeeded. He bought a big enough stake in Twin City Bank to trigger a public disclosure of the transaction by the Federal Research Board. Such share purchases are then subject to FDIC approval. Twin City is a small community bank in Longview, Washington, about an hour north of Portland, Oregon. The stake had to be in excess of 10% to trigger the disclosure. Buckley confirmed the deal to TechCrunch but declined to say how big of a stake he purchased. Whether he owns 11% or, say, 51%, we understand he is not the sole owner. Still, anything upwards of 10% makes him a major shareholder. (For comparison, public companies have to disclose all ownership stakes of 5% or more.) The assumption in the industry was that Buckley wanted a bank to further the ambitions of Increase, his banking-as-a-service (BaaS) startup, multiple sources told TechCrunch. What's particularly wild is that a mysterious entity — most likely one of Buckley's competitors — was so opposed to this deal that it hired an agency to pitch the press on writing negative stories about it and him. But, Buckley told TechCrunch, this was actually his third investment in a Washington community bank and his interests are not what his competitors think. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW This is not an effort for Increase to own the bank, he said. 'Twin City Bank is, and will remain, a community-focused bank,' he said. Silicon Valley finds a banking shortcut Increase offers an API platform that allows financial services to be programmatically served. It performs tasks like automated clearing house transactions, wires, real-time payments, etc. Increase's customers are largely other fintechs like Ramp, Check, and Pipe. As Stripe's first employee, Buckley has 'a great reputation as an engineer among his peers,' one person in the fintech industry told TechCrunch. Even some BaaS competitors refer business to Increase when they can't handle it themselves. Like most fintechs, Increase partners with (and shares revenue with) FDIC-insured banks to offer such regulated services. Obtaining banking licenses themselves is difficult and expensive. Even Chime, which offers checking and savings accounts and recently had an IPO, is not an FDIC-insured bank but has banking partners. In Increase's case, it works with Grasshopper Bank and First Internet Bank of Indiana. (Buckley said he has no personal investment in either one.) However, BaaS is a crowded, competitive market. That's led a small number of them to find a workaround to stand out: buying small community banks directly and doing away with banking partners. The biggest example of this is William Hockey, co-founder of Plaid, whose current fintech, Column, bought Northern California National Bank for $50 million in 2021. Another example is a Kansas City bank called Lead, bought and led by former Block executives Jackie Reses, Lead's CEO, and Ronak Vyas, CTO. The dangers of fintech partnerships Buckley insists he has no plans to turn Twin City into his company's personal partner bank or to swell its revenues with lots of fintech partners like Increase's customers. The latter, he knows, can be dangerous. For example, Evolve Bank, a partner to many fintechs from Affirm to Stripe, was the target of a large ransomware attack in 2024. This was shortly after the Federal Reserve System issued a cease-and-desist consent order to Evolve over problems it found with the bank's risk management systems. Evolve was ordered to implement pages of compliance fixes. (The bank was also associated with the meltdown of BaaS startup Synapse.) 'Twin City Bank shouldn't support sponsor banking,' Buckley explained, referring to banking partnerships with fintechs. 'Sponsor banking requires very specific capability and capacity to supervise partners safely and soundly. Only specialized banks should do it.' So why make such a big investment if not to benefit Increase? Because he likes community banks. They are the underdogs of the banking world. 'There's perhaps a prevalent view in the financial technology industry that community banks can't grow on their own. But community banks' strength is their relationships and knowledge,' he said. If Buckley's plan for the bank ever changes, his BaaS competitors will be watching. As for the mysterious entity hoping to stop him: it's too late. He said he received the FDIC's 'non-objection for control' approval and the deal has already closed.

AAA expects record breaking 5.7 million Texas travelers during Fourth of July weekend
AAA expects record breaking 5.7 million Texas travelers during Fourth of July weekend

Yahoo

time03-07-2025

  • Yahoo

AAA expects record breaking 5.7 million Texas travelers during Fourth of July weekend

TYLER, Texas (KETK) — AAA is expecting to see a new record of around 5.7 million Texans travel during Fourth of July weekend this year. Domestic cat near Longview found with rabies, officials confirm AAA projects that around 5.7 million Texans will travel at least 50 miles over the holiday weekend period which lasts from June 28 to July 6. According to AAA, the domestic travel forecast shows an increase of 360,000 Texans travelers from last year. If these projections are correct, the increase would amount to 521,000 more Texans than seen in 2019. The domestic travel forecast is based off a two weekend period to achieve a more accurate statistics on the flow of holiday travelers. You can now stream KETK and FOX51 News live 24/7 on your smart TV our brand-new app! No antenna, cable, or satellite needed—Just download it on your Roku, Apple TV, or Fire TV and start streaming. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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