NYC election worries are driving New York buyers out of the Florida Real Estate Market
BH Group CEO IAAC TOLEDANO talks to Fox News Digital about how the New York City Mayoral election has ‘accelerated’ new decisions by New Yorkers to move to the Sunshine State.
Election anxiety in New York City has turned into a real estate boom in South Florida.
Engineer Isaac Toledano, CEO of MIAMI-based BH Group, told FOX News Digital
“I think the election changed the way people make decisions,” Toledano said. “I think people are scared [for] the future, how it will affect their lifestyle, quality of life, taxes, criminal power [or] There is no guilt. “
“This is unknown to what’s to come, and that Mamdani has said loud and clear what he’s going to do and what he believes is the right thing for New York, do[s] He went on with too many people,” he continued.
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Toledano noted that the sale was arranged through his real estate company and saw no surprise, but the figure was ‘higher than expected.’ The CEO also reports that new New York shoppers migrating south are becoming “more aggressive” in their decision making.
Another Miami-based developer has closed more than $100 million in sales in the months leading up to the election of its New York City location. (Pet Pictures)
“The good news is that there are many buyers in this market [are] wealthy, financially strong. A lot of people are making a lot of money in the last five, six years in the stock market, crypto, online businesses. So people come to Florida where their pockets are full and their bank accounts are full, and their stock portfolios are doing really well. “
Earlier this year, HENLEY & WOBRETY’s FREE TOTAL REPORT found that both West Palm Beach and Miami surpassed New York City as the world’s fastest-growing HUB. West Palm saw a 112% increase in millionaire growth over the past decade, while Miami saw a 94% increase. New York fell far short, around 40%.
Most recently Time analysis It was reported that the independent platform around the complete platform of the Democratic Socialist ZOHRAN Mamdani could cost the economy of New York City $ 10 billion a year.
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Mamdani’s campaign did not immediately respond to Fox News Digital’s request for comment.
Mamdani has set out a sweeping agenda aimed at remaking New York City’s economy and social contract. Among his bold promises is to stop good city buses, build new affordable housing units over 10 years, increase the minimum wage by 30 per hour by 2030, expand advanced tax care, and increase the tax rate, according to his website.
Uncertainty about the results of the Mayor’s election, Toledano says, has created a rush in Florida’s market – one that does not see speed.
“We saw several articles with police officers who said they would quit or resign,” Toledano said. “The fact that people have to deal with this pressure every day for themselves, for their children, for their families, put them in a position that has been secret for the past 20 years, most New Yorkers [are] Moving to Florida, buying their own homes, second homes, coming to Florida for the holidays. And I think that what we’ve seen in the last five years, six years, it’s going to grow and it’s going to get stronger and this positive momentum is going to continue. “
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“We’re definitely ready,” Toledano continued. “If this thing is going to happen and we’re going to see this big wave of New Yorkers and companies getting more residential, mixed-use condos…
The developer emphasized safety and freedom as the strongest draw of Florida and a clear list of northern cities.
“We offer stability, freedom to raise,” means that you can go at night with an expensive watch on your hand, go in an expensive car, attend a coffee at 11 at 11 o’clock at night and no one will disturb you … People feel safe. “
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BH Group CEO and founder Isaac Toledano talks to Fox News digital news about how to win the election by election by Donald Trump.
Since New York buyers represent a new type of investor – decisive, liquid and ready to go – Toledano is not only looking at the political tide, but the long-term evolution of Florida.
“At the end of the day, we welcome everyone, whether they’re from New York or another part of the country,” she said. “Florida is a great place. It’s a great place for your families, for your businesses, for your future.”
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