>> Demand for apartment rentals is anticipated to be so high by 2035 that the U.S. will need to build a total of 4.3 million more apartments by then, according to a study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC)
>> The carried interest loophole allows investment managers to pay the lower 20% long-term capital gains tax rate on income received as compensation, rather than the ordinary income tax rates of up to 37% that they would pay for the same amount of wage income.....this loophole could end if new tax legislation is passed....
>> Even with dramatically higher fuel costs,
SOUTHWEST Airlines was more profitable than expected in the second quarter, further showcasing that raised pricing is adding a bit extra on top of inflation-driven costs.
>> Walmart results revealed that currently, general merchandise stores are overstocked, but the good news is that excess inventories could put downward pressure on inflation as big box retailers mark down their prices to entice consumers as they shift their spending habits. (YAHOO)
>> Most US cities will spend their share of the federal infrastructure spending package into fixing crumbling roads and bridges. About 80% of cities said they plan to spend their money on local roads, bridges and major projects, with 56% prioritizing road safety, according to a survey of 153 localities conducted by the National League of Cities and Polco. About 60% said they would use funds from the Infrastructure Investment and Jobs Act on water projects. About 34% of the municipalities said they would spend their money on broadband Internet access. About 26% said they’d put the money toward public transportation, while a little more than 25% cited electric vehicles, buses, and ferries. Just 13% identified airports as a spending priority.
>> Many have forgotten that mortgage rates began to rise after 2016 and reached their peak at the end of 2018/start of 2019 as employment and the overall economy was strong and growing. Politicians decried the Fed's rate hikes back then. Rates on a 30-year fixed rate mortgage (FRM) ran between 3.95% on the low end and 5.34% on the high end.....not that much lower than today's rates....
>> Agrivoltaics? Yes, farmers are finding a new source of income leasing out land to create solar farms....above their crops. The panels cool the crops from excessive heat, and the plants keep the panels cooler too.....all generating electricity closer to homes without the huge expense of transporting power long distances. (NY TIMES)