M
oneywise and Yahoo Finance may earn from links. How can a city election affect real estate 1,300 miles away? Miami developers say it’s all tied to New York’s new mayor, Zohran Mamdani. Jeff Bezos’ platform lets anyone become a landlord for $100, no tenant hassles. Dave Ramsey warns almost half of Americans are making a major Social Security error and offers three quick fixes. Robert Kiyosaki predicts a single asset could rise 400% in a year and urges investors not to miss the surge.

    In the run‑up to the election, Isaac Toledano, CEO of Miami’s BH Group, reports a flood of interest and capital from the North. The firm has closed over $100 million in contracts from New York buyers in recent months—double last year’s volume. “The election has accelerated decision‑making; people are anxious about how Mamdani’s agenda will affect taxes, crime, and quality of life,” Toledano told Fox News Digital. Mamdani, a 34‑year‑old democratic socialist, defeated former Governor Andrew Cuomo and became the first Muslim and South Asian mayor of New York City. His platform includes rent freezes, free childcare, state‑run grocery stores, and free buses, financed by taxing corporations and the wealthiest 1 %.

    Toledano was not surprised by the exodus of New Yorkers fueling Florida’s real‑estate boom, but the $100 million influx exceeded expectations. A JL Partners survey for the Daily Mail found 9 % of New Yorkers would definitely leave if Mamdani won—about 765,000 people. One developer, Kevin Maloney of Property Markets Group, even donated to Mamdani’s campaign, not for support but to anticipate a downturn that would allow future low‑price acquisitions. “Mamdani will likely end the city; as an entrepreneur, we’ll buy the pieces in five years at a bargain,” he said, according to The New York Times.