As New York City’s mayoral race heats up ahead of the November election, wealthy residents are already eyeing the exits.
Zohran Mamdani—the Democratic Socialist leading in the polls following his surprise win in the June primary—has ignited new anxiety among top earners because of his sweeping housing and tax proposals aimed at reshaping the city’s real estate and budget priorities.
That ripple effect is being felt far beyond New York. In Florida—especially in Palm Beach County—real estate agents are seeing renewed momentum from affluent New Yorkers, particularly those from Westchester County and Manhattan, looking to relocate or expand their footprint in the Sunshine State. For many, it’s not just about taxes anymore—it’s about timing…