Subject: Re: New Yorkers looking for the exits
That was then:
Within minutes of Zohran Mamdani clinching the Democratic nomination Tuesday night, real estate agents like Ryan Serhant were flooded with calls from clients looking to walk away from deals to buy apartments in NYC. High-end buyers are now looking to purchase property outside of the city.
This is now:
Bloomberg: Manhattan Luxury Apartment Market Surges in Month After Mamdani’s Win
Real estate brokers say there has been no slowdown in demand from wealthy buyers
--Sales of luxury homes in Manhattan jumped in November, with buyers signing contracts on 176 homes priced at $4 million or more.
--The increase in sales counters fears that the election of Zohran Mamdani as mayor would drive out wealthy residents, with some experts saying "there is no Mamdani effect".
--Despite worries about proposed taxes on millionaires, affluent homebuyers seem unfazed, with the recent stock market rally and generous Wall Street bonuses prompting more wealthy residents to go home-shopping.
https://archive.ph/H4f3V