Some developers and landlords said they are already making plans to exit New York and focus on more business-friendly markets like Miami, Dallas or Nashville.
Posted on 06/25/2025 8:30:46 PM PDT by SeekAndFind
On Wednesday morning, while talking about New York's mayoral primary with the host on a live radio spot, I heard myself saying something alarming. Only days ago, I would have bet serious money that those words would never be uttered by me. The fateful words were these: "It would have been better if Cuomo had won."
I know, right?
The guy who won, full-bore Communist Zohran Mamdani, is now making all kinds of promises, and while we all know that his mouth is writing checks his butt can't cash on many of these, he can do enough to make things very unpleasant on the very people who keep the Big Apple's economy afloat. Former NYC Mayor Bill de Blasio started this trend, and now, assuming he wins - and he's well-positioned to do so - he'll be de Blasio on steroids.
Predictably, those same people, the productive, the few people who can still make money in New York, the few people who pay most of the taxes, are looking to the exits.
Within minutes of Zohran Mamdani clinching the Democratic nomination Tuesday night, real estate agents like Ryan Serhant were flooded with calls from clients looking to walk away from deals to buy apartments in NYC. High-end buyers are now looking to purchase property outside of the city.
“My number one job will be moving people from New York to Florida. Again,” Serhant told me. “Based on the results, clients are going to hold off on making any kind of investment in New York City.”
According to a note I reviewed, one client who had made an offer on a Chelsea apartment sent her broker an email minutes after former Governor Cuomo conceded to Zohran Mamdani. “We are going to take a break from looking until there’s more clarity on the mayoral election,” the client wrote.
Let's just hope these same people don't take their New York voting habits with them.
Of course, there's still the general election to come, and it's not certain that Mamdani will win, although his clinching the Democratic nomination puts him in a strong spot in that deep-blue city. People's reactions to that speak for themselves:
“There are plenty of other places to live,” he said. Agents in the Sunshine Belt, which covers the southern part of the U.S., including Arizona, Texas, and Florida, have been the busiest since lat night, Serhant noted.
Of course, it might not be all bad. Another source told me that the number of New Yorkers looking to flee the possibility of a socialist mayor could create a significant “Mamdani discount” in the real estate market.
Yeah, except it's a fair bet no one will be willing to buy - and the commie Mamdani may just take over those buildings for "free" housing, since playing Santa Claus seems to be his bag.
See Also: The Democrat Lunatics Have Taken Over the New York City Asylum
Trump Tees Off on '100% Communist Lunatic' NYC Mayoral Hopeful Zohran Mamdani
This cycle has been repeated time and again: Leftist governments come to power promising an endless gravy train of free Schiff, and the productive leave. The economy crashes, the peasantry is lining up for potatoes, and the bureaucracy is happily informing them that the chocolate ration is being increased from 30 grams to 20 grams, while admonishing them that everyone's identical ill-fitting gray clothing is the ideal way to build solidarity of the proletariat. Marx and Lenin showed us how this starts, and Ayn Rand and George Orwell showed us how it ends. Mamdani may not win this election; Eric Adams may convince Curtis Sliwa to support him, or vice versa, and they may eke out a win. But I wouldn't bet a wooden nutmeg on it.
The people of the city of New York have voted for the government they want. Now, they're going to get it, good and hard.
New Yorkistan...
Don’t come here. Go to Florida. Del Boca Vista. Or Tuscany.
NYC’s limousine liberals have finally figured out that they are f*cked.
“Based on the results, clients are going to hold off on making any kind of investment in New York City.”
If that is accurate, those selling are going to lose money and those who do buy will buy at a discount.
Millionaires Go Missing
Wall Street Journal
May 27, 2009
Here's a two-minute drill in soak-the-rich economics:
Maryland couldn't balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay their fair share." The Baltimore Sun predicted the rich would "grin and bear it."
One year later, nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a "substantial decline." On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates.
Freeze rents for years, free transportation, free childcare, increase wages for childcare workers, tax the s**t out of companies, house the homeless, and provide free mental health services for all.
It’s simple, just get the money from those who have it.
If that is accurate, those selling are going to lose money and those who do buy will buy at a discount....
old saying dont try to catch a falling knife
Spot on...no more economic refugees from the East Coast. We have 8 million people living here in North Texas, our roads are obsolete the day before new construction is completed.
I'd love to move to the Hill Country, but my kids and grandkids are all within 30 minutes of us.
Took them long enough.
I think they shouldn’t be allowed to move out of New York. They just infect other parts of the country with their inner party socialism.
You forgot, let the City run the groceries so that food prices will come down.
They all voted for him mow they’re fleeing to red states and taking their left-wing politics with them.
I foresee seeing more NY plates here in PA. Some people up my street moved here from there a few years ago, and my friend’s new girlfriend moved here from there.
“Democracy is the theory that the common people know what they want, and deserve to get it good and hard.”
H. L. Mencken
Hmm. You guys in PA sure don’t need more liberals moving in.
I left NJ in 81 and couldn’t stand NY’ers back then.
Where’s the line for people wanting to pay? These Blue zones are slow learners. If the people who own assets, earn income, or spend money they earn all disappear then there is nothing to tax and no revenue coming in. And what is vital for the rest of us not in such zones to do is not live or work those places & ninimize our time in such zones. Otherwise, the taxoholics will infect our lives with their nonsense.
They are now ruining the South.
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