Developer: Florida Real Estate Surges as New Yorkers ‘Nervous’ About Socialist Zohran Mamdani
The political earthquake in New York City is sparking a surge of migration southward, with Miami’s luxury housing market flooded by buyers from the Big Apple who say they’ve had enough. “We’ve closed more than $100 million in signed contracts from New York buyers in just the past few months – about twice last year’s volume,” said Isaac Toledano, CEO of BH Group in Miami. He told Fox Business that politics is playing a major role in the stampede.
“I think the election accelerated how people make decisions. I think people are nervous [for] what’s coming, how it’s going to affect their lifestyle, the quality of life, taxes, potential of crime [or] no crime,” Toledano explained. The uncertainty surrounding the city’s future, he added, is prompting residents to make quick moves to protect their assets and quality of life.
“This unknown in what’s coming, and the fact that Mamdani said loud and clear what he’s going to do and what he believes is the right thing for New York, make[s] a lot of people very nervous,” Toledano said, describing the flood of buyers his firm has seen as “higher than expected.” He noted that many of these clients are “becoming very aggressive” about relocating to South Florida.
The wave of departures follows the election of Democrat Socialist Assemblyman Zohran Mamdani as New York City’s new mayor, who defeated both Andrew Cuomo and Curtis Sliwa on Tuesday. During his campaign, Mamdani opposed NYPD cooperation with federal immigration enforcement outside of narrow legal limits, vowed to defend sanctuary city policies, and promised to resist Trump administration conditions tied to federal funding. He also pushed for city-run grocery stores and argued that mental health professionals — not police — should respond to certain crises.
Mamdani, who was relatively unknown just months ago, ended up drawing support from over a million New Yorkers, according to Breitbart News. His progressive platform and outspoken criticism of capitalism have left many business leaders and homeowners on edge about the city’s economic future.
Speaking in Miami on Wednesday, President Donald Trump said the election results show the country is at a defining moment. “Between communism and common sense,” he said, warning that Mamdani’s leadership could accelerate a broader national divide.
Toledano’s comments come as the broader migration trend continues. Breitbart News previously reported that large numbers of NYPD officers relocated to Florida in 2021, and U.S. Census Bureau data later confirmed that Americans were leaving blue states for red ones in growing numbers.
“The sales surge his real estate firm has seen is not surprising, but the figure is ‘higher than expected,’” Fox Business reported, underscoring how New York’s shifting politics — and fears of what’s next — are driving one of the biggest real estate booms South Florida has ever seen.
{Matzav.com}
