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South Florida Expects a Real Estate Bump.
Some brokers and developers in the region are waiting eagerly to see if the election of a democratic socialist will drive more wealthy New Yorkers south.
Rich people will threaten to leave but they not going anywhere. Most of them have deep roots in NY. Go to Florida and have to establish a whole new life and business? The tax difference isn’t going to be enough to go through all of that.South Florida Expects a Real Estate Bump.
Some brokers and developers in the region are waiting eagerly to see if the election of a democratic socialist will drive more wealthy New Yorkers south.
Eh we had ken griffin of citadel in Chicago for 30 yrs before he packed up and moved to Miami in 2022.Rich people will threaten to leave but they not going anywhere. Most of them have deep roots in NY. Go to Florida and have to establish a whole new life and business? The tax difference isn’t going to be enough to go through all of that.
Plus business needs good talent. Florida does not have as good a talent pool as NY.
It would take a lot of people to shift the tax base so heavily NY becomes insolvent.Eh we had ken griffin of citadel in Chicago for 30 yrs before he packed up and moved to Miami in 2022.
Our business tax rate is 7%, NYC is even higher at 14%-16%.
Miami is 0. The difference is already huge, if it goes any higher, I'm sure some won't stick around, and some of the talent pool may follow.
Gonna be interesting to see it play out.
Bozo
He claimed he moved because of taxes & crime, that already lets you know how full of shit he is. Imagine being a billionaire and saying there's too much crime in Chicago so you're moving to............Miami lol df.Eh we had ken griffin of citadel in Chicago for 30 yrs before he packed up and moved to Miami in 2022.
Our business tax rate is 7%, NYC is even higher at 14%-16%.
Miami is 0. The difference is already huge, if it goes any higher, I'm sure some won't stick around, and some of the talent pool may follow.
Gonna be interesting to see it play out.
you are absolutely right.It would take a lot of people to shift the tax base so heavily NY becomes insolvent.
And if you think about it, if business does better in NY, 14-16% on something is better than 0% on nothing. Proximity to other major businesses, better talent pool, infrastructure, etc. is better in NY unless, like I said, a whole lot of companies pack up and move.
NYC supermarket mogul John Catsimatidis raged over the stunning mayoral win by Democratic socialist Zohran Mamdani — who infamously proposed creating publicly run grocery stores.
“I don’t give a s–t about grocery stores!” Catsimatidis fumed in a brief phone interview Wednesday, voicing his frustration about Mamdani’s plans for the city.
The billionaire founder of Red Apple Group — which has a vast empire that spans media, real estate, fossil fuels and the Gristedes and D’Agostino’s grocery chains — also expressed concern about “the quality of life” deteriorating.
“New York can’t afford to lose more people,” Catsimatidis said.
He said he was most concerned about the threat of Mamdani cutting the police force and about whom the mayor-elect appoints to judgeships.
Catsimatidis urged Gov. Kathy Hochul to strengthen her oversight of the city.
“The burden is on the Governor’s office right now and [Hochul] needs to keep her thumb” on the city, he said, echoing a recent Post editorial.
Catsimatidis also weighed in on whether President Trump will cut federal funding to his hometown.
“The president of the United States is going to make sure that the federal funds New York City gets are used properly,” Catsimatidis said.
He claimed he moved because of taxes & crime, that already lets you know how full of shit he is. Imagine being a billionaire and saying there's too much crime in Chicago so you're moving to............Miami lol df.
Already on the bs
Where the black women bro?
www.nyfoundling.org
View attachment 1591175
Crime rate in 2020-2022 was most def rising and a real thing. Especially during covid downtown got hit like never before and ppl were overall disappointed with the response.
Even if what the rest of what you're saying is true, ctime could've been the final straw.
Also that's beside the point that well rooted businesses will up and leave if they feel it's necessary tho I do think the fear mongering is overhyped bc NYC is still NYC.
He was gone in 2022 but their decision to leave wasn't overnight had to be planned months if not a year in advance. I'd assume the bulk of his issues came from the covid rioting and looting 2020-2021. Idk if y'all went thru that where u live but it was literally a scene straight out of Gotham city and the response was lackluster and we were already known for having a soft on crime states attorney.It says homicides were down in 2022 but crime was up, so that could mean petty theft for all i know, but that still wouldnt matter since he was already in Miami at that time. It also says historical levels were in 2014, that means crime was still down even if there was a bump.
If he didnt leave when shit was at its peak, im not buying it when he leaves years later when its way down. And to top it off hes a billionaire, i bet he was no where near the areas where that was going down.
Idk if y'all went thru that where u live but it was literally a scene straight out of Gotham city and the response was lackluster and we were already known for having a soft on crime states attorney.
I hear you, but think this was planned long before any of this and he was just using a few isolated incidents as a scapegoat.He was gone in 2022 but their decision to leave wasn't overnight had to be planned months if not a year in advance. I'd assume the bulk of his issues came from the covid rioting and looting 2020-2021. Idk if y'all went thru that where u live but it was literally a scene straight out of Gotham city and the response was lackluster and we were already known for having a soft on crime states attorney.
How much that all factored in to his moving is debatable but ain't no way u can say it had nothing to do with it