DID YOU KNOW? New York is seriously considering approving a new tax on pied-a-terre owners to pay for MTA improvements, a tax that has proven to reduce sales volume (and transfer tax revenues) in other parts of the country and the world. The bill calls for a graduated tax starting at 0.5% on non-primary residences valued at more than $5 million and increasing to as much as 4% on those worth more than $25 million. The tax is estimated to generate between $380 and $650 million per year. New York Assembly Speaker Carl Heastie said he plans to propose the tax in a budget resolution that fellow Democrats are preparing this month and word in Albany is that there is solid support for this bill.
DID YOU KNOW? What distracts from curb appeal? A study conducted by OnePoll revealed that 57% say a dirty exterior, a lawn that is not mowed (55%) and dead plants and flowers (53%) are the top 3 worst offenders. Garish house colors, tacky mailboxes, no trespassing or beware of dog signs, garden gnomes, fairy statues, metal sculptures, paper lanterns and trampolines also received honorable mentions. (NY POST)
DID YOU KNOW? The popularity of the magazine may get new legs: Apple's new subscription magazine service, expected to launch inside of a revamped Apple News application. Apple is expected to bundle magazine and news subscriptions inside a new Apple News Magazines app that people can subscribe to. It appears likely you'll be able to download and store magazines for offline reading which means magazines will be available even if a Wi-Fi or cellular connection is not. Apple will alert users through a pop-up when new issues are available, too. The magazines could be "PDF-based" and could include genres such as health, fitness, food, cooking, entertainment, gardening, home, lifestyle, politics, science and technology. (CNBC)
DID YOU KNOW? Rent The Runway which has grown to 10 million members and an estimated $100 million in revenue, announced a partnership with West Elm allowing subscribers to rent soft home decor, including quilts, blankets, shams and decorative pillows. Items will be available in 26 different "bundles" that range in retail value from $150 to $450 beginning this summer. From their COO Maureen Sullivan: "As our growth accelerates, we say maybe it's 80% rented, 20% owned." Another renter-mentality driver in our new sharing economy....? (CNBC)