leaving New York City and decamping to Florida<\/a> due to Mayor Zohran Mamdani\u2019s alleged antisemitism.<\/p>\nKushner was also critical of Mamdani\u2019s targeting of hedge fund billionaire Ken Griffin.<\/p>\n
Just before New York City enacted a tax on pieds-\u00e0-terre, Mamdani touted the proposal with a video in which he stood just outside of Griffin\u2019s penthouse at 220 Central Park South.<\/p>\n
\u201cYou know, Ken Griffin worked hard to earn all that money,\u201d Kushner told The Post. \u201cHe took a lot of risk to earn all that money. That\u2019s what America\u2019s about.\u201d<\/p>\n
Griffin responded to Mamdani\u2019s post by pledging to \u201cdouble down\u201d on Miami, adding that his company, Citadel, would move more jobs to South Florida instead of New York in the next decade.<\/p>\n
California billionaires are helping fuel Miami\u2019s luxury housing boom as some seek a foothold in Florida ahead of a proposed billionaire tax ballot measure, according to brokers. Aaron \u2013 stock.adobe.com<\/p>\n
\u201cPeople are recognizing that their previous places of domicile are seeing an increase in policies that are detrimental to their wealth and businesses,\u201d Ana Bozovic, founder of Analytics Miami, told Bloomberg News.<\/p>\n
The South Florida market has exploded from just two sales above $30 million in 2019.<\/p>\n
But brokers say New York\u2019s wealthy aren\u2019t the primary force behind the latest wave.<\/p>\n
Instead, much of the momentum has come from California billionaires and other affluent residents looking for a foothold in Florida ahead of a proposed ballot measure that would impose a one-time 5% tax on billionaires, according to Douglas Elliman agent Dina Goldentayer.<\/p>\n
That group includes tech heavyweights Larry Page, Sergey Brin and Mark Zuckerberg, all of whom purchased South Florida properties within a roughly two-month span this year, Bloomberg reported. <\/p>\n
Brin paid $51 million for a waterfront estate on Miami Beach\u2019s Allison Island in March, according to public records cited in the report.<\/p>\n
The Big Apple\u2019s trophy-home market has lost ground to Miami as wealthy buyers increasingly shift capital to Florida. Sergii Figurnyi \u2013 stock.adobe.com<\/p>\n
Flagg, who owns homes in Florida, New York and Beverly Hills, said Florida isn\u2019t the right fit for everyone, particularly those with deep roots elsewhere.<\/p>\n
\u201cNot a lot of people who are born and raised in Los Angeles\u2026are willing to leave California just to save a few bucks on taxes,\u201d he said. \u201cBut for a lot of people who move around or have an affinity for Florida, it\u2019s a no brainer.\u201d<\/p>\n
\u201cIt\u2019s basically the same as California, but with a little bit more unpredictable weather and lower taxes,\u201d Flagg said.<\/p>\n","protected":false},"excerpt":{"rendered":"Miami has overtaken New York City and the San Francisco Bay Area as the nation\u2019s hottest market for…\n","protected":false},"author":2,"featured_media":351563,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[558,802,803,123,125,124,14594,804,4278],"class_list":["post-351562","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-business","tag-ken-griffin","tag-luxury-real-estate","tag-miami","tag-miami-headlines","tag-miami-news","tag-new-york","tag-residential-real-estate","tag-us-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/351562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=351562"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/351562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/351563"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=351562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=351562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=351562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}