In the aftermath of much well-heeled panic about a potential mass exodus of New York millionaires and billionaires following the election of Zohran Mamdani, the contrary is already happening, and Manhattan luxury apartment buyers are voting with their wallets.
Signed contracts for Manhattan homes costing $4 million or more rose to 176 in November, a 25% increase from October’s 141 deals, according to fresh data from brokerage Douglas Elliman and appraiser Miller Samuel. New signed contracts of more than $4 million increased at more than twice the rate of the overall market, the report noted.
I grew up in Florida. Have left a few times, but moved back in 2019 then left again in 2022 right before shit really hit the fan. 20 years ago Florida was a lot nicer than it is now. 10 years ago, too. Maga has turned the quiet, chill little beach town I grew up in into a maga hell, and now you couldn’t pay me to go back. The worst thing about Florida used to be the weather. Used to be.
But also growing up each and every single “new kid” at school was from New York, and there were lots of jokes about us living in ‘South New York’ so I can see where the prediction came from, there’s plenty of precedent. But that was when land was cheap and politics were similar.