housing policy
New York Real Estate Billionaire Warns of Housing Crisis Under Mayor-Elect Mamdani's Policies
Nov 12, 2025 11:52 am CST
Starwood Capital CEO Barry Sternlicht expresses concerns about New York City's future under mayor-elect Zohran Mamdani, warning that socialist housing policies could transform the city dramatically while considering relocating his business from Manhattan.
The 'Miami Realtor' Trend: Wealthy New Yorkers Consider Exodus Following Zohran Mamdani's Historic Mayoral Victory
Nov 05, 2025 09:03 pm CST
Democratic Socialist Zohran Mamdani's election as New York City's first Muslim mayor has sparked a 'Miami realtor' trend as wealthy residents reportedly consider relocating to Florida. Polls suggest nearly one million New Yorkers might leave due to his progressive housing policies, creating opportunities for real estate markets in other states.