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Miami Realtors Pitch ‘Safe Spaces’ For Millionaires Fleeing A Zohrain Mamdani’s New York

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Miami real estate circles have been buzzing about what some are calling the “Mamdani Effect.” Miami brokers report that inquiries from New Yorkers have risen as clients worry about potential tax hikes and a less business-friendly environment under a Mamdani administration.

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New Yorkers With Total Incomes Of $9 Billion Fled To Miami And Palm Beach In Pandemic Exodus, Driving South Florida’s Home Price Boom

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New York City had already been losing residents since 2017, but the trend accelerated during the pandemic. Many of the wealthiest chose Florida—particularly Miami and Palm Beach. This influx of high-income buyers led to a sharp rise in home prices.

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