The New NYC Exodus: Why South Florida Real Estate Is About to Surge
NYC's new socialist mayor, Zohran Mamdani, is fueling a massive wealth exodus to South Florida. His proposed taxes (up to 53.8% total rate) and "Mansion Taxes" triggered 27 companies to expand in Florida in 24 hours. The state already gained 52K NY households (avg. $185K income) in 2024. This migration, combined with strong rental demand (97.1% occupancy) and projected rate declines, creates a crucial "pre-surge" real estate investment window before competition explodes.
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