NYC Mayor Zohran Mamdani Thread

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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.
 
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.

Plus business needs good talent. Florida does not have as good a talent pool as NY.
 
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.
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.
 
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.
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.
 
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.
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.

I'm pretty sure he moved just because of taxes and they've got a big fancy new tower thats going up. Because for like a decade maybe longer they're been trying to market Miami as a tech/financial hub to lure in these companies. Theres a reason why its always failed. Its only gained traction for some of these companies because of covid. The talent pool down here isnt good because the pay is pathetic. Public transport is ass & the traffic is crazy. They never mention this in the fluff articles, but people find out about this when they move.

Then theres the weather. People from up north love the sun, but then comes the rain and storms. Which is important cuz unless you speak to a local, they also dont mention the crazy flooding in downtown Miami from rain. Several times a year we always laugh at all the people who street park their car (mainly BMW's) when theres heavy rain and we see it flooded up to the windows.





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.
you are absolutely right.

heres something pointing this out

I think he's really down here to do the same thing as all the others. Duck taxes and stash money in overpriced real estate in case he has to do some weird bankruptcy. He's been buying up mad lots for years and has some super compound hes building. in palm beach that looks like it might be the most expensive home in America at like a billion dollars

 
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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.
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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.
 
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Already on the bs

Where the black women bro?



Melanie Hartzog

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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.


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.
 
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.
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
 
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 remember posting this whole watching shit go down, in random thread n someone turned it into its own thread. Good times.
 
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
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.

As far back as 2012 he was lowkey quietly buying up lots in Palm Beach. This is like Elon leaving Cali for Texas because of "crime". Never mind that Texas has a higher murder & shooting rate than Cali. I'm sure it had nothing to do with them wanting to stop his tax breaks.
 
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