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DID YOU KNOW?

Home amenities change over time.....a home in the Pacific Palisades area of LA that once housed a BOMB SHELTER is on the market with COMPASS' Carl Gambino.... now that bomb shelter has been re-purporsed as a wine cellar! Recently featured in the Wall Street Journal, here is a link to see this beauty. 
 
Walmart cut its quarterly and full-year profit guidance, saying inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics....leaving more items on store shelves and warehouses. A good time to shop sales if you have cash?
 
Forbes named Massachusetts, New Jersey and Connecticut as the three states with the best public school systems in the USA. All three states have high local taxes. 
- Massachusetts has a flat 5% individual income tax rate. Massachusetts has an 8% corporate income tax rate and a 6.25% state sales tax rate and does not levy local sales taxes.
- New Jersey has a 6.5-11.5% corporate income tax rate and a 6.625% state sales tax rate, a max local sales tax rate of 3.313%, and an average combined state and local sales tax rate of 6.60%.
- Connecticut has a graduated individual income tax, with rates ranging from 3-6.99%. It also has a 7.5% corporate income tax rate. Connecticut has a 6.35% state sales tax rate and levies no local sales taxes.
 
A rise in Covid-19 absences in recent weeks amid the spread of the BA.5 subvariant, combined with planned vacations has left restaurants, hotel chains, manufacturers and other workplaces struggling to keep operations running this summer. Staffing is harder now than at any previous stage in the pandemic. UGH! From June 29 to July 11, 3.9 million Americans said they didn’t work because they were sick with Covid-19 or were caring for someone with it. In the comparable period in 2021, 1.8 million people missed work for those reasons. Many workers also are taking vacations that they put off over the prior 2 years. About 29% more workers took vacation or personal days during the week of the Census Bureau’s June household survey this year. Covid is significantly less deadly in 2022, but still highly disruptive to commerce. (WSJ)
 
Dubai-based billionaire businessman Nawab Shaji Ul Mulk is building a $500 million state-of-the-art mixed-use high-tech complex in Mt Hampden, a few kilometres north of Zimbabwe's capital Harare....the tallest building in Africa! The cyber city will be spread over 2.5 million square metres of land and is expected to have a shopping mall, luxury villas and apartments, cyber technology offices and other social facilities. (BLOOMBERG)
 
Dream of owning a home in Turks and Caicos? The Sandy Point Resort and Marina, marketed by Hyleri Katzenberg and the Luxe Latitudes Team of COMPASS Connecticut, will be the groundbreaking frontier of development on North Caicos in the Turks and Caicos Islands, incorporating exquisite design, impeccable service, and an authentic island experience. There are Two waterfront living options: ocean or marina front. Amenities include a rooftop restaurant inspired by celebrity chef Todd English, and a spa overlooking the Sandy Point Beach with views of Parrot Cay. Click here to check out the flipbook with more information about the available properties!

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