"NYC Exodus COMING" - Miami Realtors SOUND ALARM As Thousands Flee Over Mamdani’s Win

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4.8 • 1.7K Ratings

🗓️ 6 November 2025

⏱️ 15 minutes

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Summary

Financial Times reports Miami developers courting wealthy New Yorkers fleeing Zohran Mamdani’s NYC. PBD and the crew debate taxes, crime, and whether an exodus will lift Florida real estate. Will businesses and jobs follow south, or is this hype over a short-lived surge?

Transcript

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0:00.0	The story comes up financial times. Miami realtors pitch safe spaces for millionaires fleeing Mamdani's New York. I'm coming to you with this one, Bob Barry. So if you want to pull up this video, Rob, I think you got a video on this one here. Let me go to this one. I'll read it, and then we can turn over to the video. So a few days before mayoral election, luxury real estate developers, Isaac Toledano, joke that a lot of
0:22.2	Floridians are going to give Mamdani an award for being the best broker of the year.
0:26.3	Toledano is one of several Miami-based developers hoping to cash in on what they anticipate
0:33.3	will be an influx of high-networked New Yorkers escaping to the Sunshine State if Democratic Socialists. Mamdani wins the city's mayoral race this week. Fears that Mamdani's left-wing policies will drive the wealthy, Rob, do you have a video on this one? Yeah. We'll leave fear that Mamadena's love comes on with a wealthy New Yorkers have circulated since the 34-year politician unexpectedly clinched a Democratic primary,
0:55.7	billionaire hedgeman, who has poured cash into opposing Mabdani's campaign, predicted an exodus of
1:02.2	companies and individuals to New York. Go ahead, Rob.
1:05.4	On you at 6th, some here in South Florida have their eyes on the race for mayor in New York City.
1:10.3	That was an interesting point. South Florida realtors say they've been contacted by New Yorkers
1:15.3	already looking to move to the Sunshine State if self-described Democratic Socialists,
1:20.9	Zorn Mandami, is elected mayor of New York City. CBS News, Miami's Bree Buckley looks into it.
1:27.7	A lot of people are worried.
1:28.8	Isaac Toledano is the CEO and founder of BH Group Miami, a high-end real estate development
1:34.3	firm.
1:35.2	He says the race for mayor in New York City could impact South Florida.
1:39.5	We already see a lot of New York buyers and their brokers and agents and representatives already looking
1:46.7	to buy real estate and getting information.
1:49.7	His clients say they're worried if self-described democratic socialist Zeran Mamdani
1:54.7	is elected mayor that crime will rise as well as taxes.
1:58.7	He campaigned to lower the cost of living for the working class,
2:02.2	proposing a rent freeze and free bus service, partially funded by raising taxes 2% for top earners.
2:10.0	Memdani has been leading the polls against Republican... You stop already because it's official now.
2:13.6	So what do you think? You think it's going to be a big net positive for South Florida and Florida
	...

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