MIAMI (WSVN) – Real estate investors are buzzing about a possible mass migration to South Florida following the recent mayoral win by Democratic Socialist Zohran Mamdani in New York City.
During day one of the Real Deal Miami Forum in Wynwood, dubbed by organizers as Miami’s largest real estate event, the chatter among participants centers around a new wave of wealth flooding South Florida.
Phil Gutman, President of Continuum Realty, told 7News that multiple factors, such as COVID-19 and high crime, have already contributed to New York residents, as well as businesses and real estate, to flock south. He predicts that the addition of a progressive mayor who pledged to increase taxes for the 1% could prove to be another tipping point…