“A lot of people are worried,” said Isaac Toledano, CEO and founder of BH Group Miami, a high-end real estate development firm.<\/p>\n
Toledano said the race for mayor in New York City could have ripple effects in South Florida.<\/p>\n
“We already see a lot of New York buyers, and their brokers and agents, and representatives, already looking to buy real estate and getting information,” Toledano said.<\/p>\n
Concerns tied to Mamdani’s platform<\/p>\n
Toledano said his clients are concerned that if self-described democratic socialist Zohran Mamdani is elected mayor, crime and taxes will rise.<\/p>\n
Mamdani has campaigned on lowering the cost of living for working-class residents, proposing a rent freeze and free bus service\u2014partially funded by a 2 percent tax increase on top earners.<\/p>\n
He is currently leading in the polls against Republican Curtis Sliwa and independent Andrew Cuomo.<\/p>\n
Safety and taxes top concerns<\/p>\n
“They are worried with his agenda, it’s not only taxes, it’s safety,” Toledano said. “Obviously, Florida is considered to be a very safe plac,e and they’re not sure New York will be a safe place if Mamdani gets elected.”<\/p>\n
Trump weighs in, endorses Cuomo<\/p>\n
Former President Donald Trump has threatened to withhold federal funds from New York City if Mamdani is elected, calling him a communist and endorsing Cuomo.<\/p>\n
The New York Post reported nearly one million New Yorkers may leave the city if Mamdani wins, with Florida named a top destination.<\/p>\n
Market could feel lasting impact<\/p>\n
Toledano said if that migration materializes, it could have lasting effects on South Florida’s housing market.<\/p>\n
“At the end, it’s always supply and demand, and if the demand is going to be strong, I’m sure it’s going to drive up the prices,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"“A lot of people are worried,” said Isaac Toledano, CEO and founder of BH Group Miami, a high-end…\n","protected":false},"author":2,"featured_media":28928,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3640,5546,9,11,10,17998],"class_list":["post-28927","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-florida","tag-miami","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-south-florida"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/28927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=28927"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/28927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/28928"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=28927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=28927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=28927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}