this post was submitted on 05 Dec 2025
303 points (99.0% liked)

politics

26571 readers
1846 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
 

In the aftermath of much well-heeled panic about a potential mass exodus of New York millionaires and billionaires following the election of Zohran Mamdani, the contrary is already happening, and Manhattan luxury apartment buyers are voting with their wallets.

Signed contracts for Manhattan homes costing $4 million or more rose to 176 in November, a 25% increase from October’s 141 deals, according to fresh data from brokerage Douglas Elliman and appraiser Miller Samuel. New signed contracts of more than $4 million increased at more than twice the rate of the overall market, the report noted.

all 42 comments
sorted by: hot top controversial new old
[–] Rhoeri@lemmy.world 1 points 7 hours ago

I remember my father telling me that airplanes would fall from the sky if we elected Obama. He’s just as fucking stupid now.

[–] SaveTheTuaHawk@lemmy.ca 3 points 13 hours ago

No one is leaving NY because Florida does not have decent pizza or italian sandwiches.

Is there even a museum in Florida without fake animals?

[–] LanguageIsCool@lemmy.world 1 points 10 hours ago
[–] mcv@lemmy.zip 22 points 22 hours ago (2 children)

For most people, but especially for the rich, a liveable environment is far more important than a bit more money. Nobody who has saving money as their first priority is going to be living in New York anyway. But a liveable city that's safe, fun to be in, and that you can move around in without fearing for your life, those are far more important to most people.

So I'm not surprised that Mamdani's victory is drawing more people to NY.

[–] mirshafie@europe.pub 6 points 22 hours ago

This is obvious when you think about it even a little bit. You can't buy safe streets.

What's the point of being ultra-rich when you have to step outside into Phnom Penh and watch how toddlers collect scrap?

[–] boonhet@sopuli.xyz 4 points 20 hours ago

Literally if I was loaded I'd love to live in NYC despite it being expensive. Because (and I can't stress this enough) YOLO. Spend your life enjoying it, not saving up every single penny. And in this case, the taxes can contribute to enjoyment through increased safety and other livability factors.

[–] Akasazh@feddit.nl 12 points 21 hours ago (1 children)

After decades of posing socialism as the root of all evil it is remarkable how it's really not.

[–] lemmy_get_my_coat@lemmy.world 6 points 21 hours ago

About time. We've seen so much evil that's unconnected to socialism.

[–] boonhet@sopuli.xyz 10 points 20 hours ago

And if it WAS a real thing, it would mean fewer people in NYC, which would make it more affordable, would've been positive either way.

[–] xxce2AAb@feddit.dk 81 points 1 day ago

Wait. Are you telling me that people would be willing to pay a small premium for living in a place that isn't a shit hole, surrounded by content people who aren't feeling murderously angry about crappy circumstances beyond their control?

Huh.

[–] Lasherz12@lemmy.world 32 points 1 day ago

Cuomo said he'd move to Florida, hopefully the supposed Mamdani effect at least works on him.

[–] finitebanjo@lemmy.world 0 points 10 hours ago (1 children)

This is interesting because it contradicts past examples such as London. It's slightly less interesting, though, because the Rich leaving actually doesn't have a lot of practical consequences: they're leeches on the local economy and outsource labor often.

[–] oascany@lemmy.world 3 points 9 hours ago

London is an outlier quoted as the rule. London attracted rich people from all over the world with tax cuts and benefits. The leeches leeched and predictably contributed nothing. Since this is unsustainable, they raised taxes again. Wealth flight occured because the people that left had only moved there for the tax savings. London was not their home, they never tried to make it their home.

[–] Nusm@peachpie.theatl.social 4 points 19 hours ago (1 children)

Are you telling me that people don’t want to move to the FREE STATE OF FLORIDA?

(Yes, these signs are real.)

[–] Spezi@feddit.org 1 points 9 hours ago

I wouldn’t want a Florida, even if it was free.

[–] RememberTheApollo_@lemmy.world 7 points 22 hours ago

Probably most of those stating they’d run away already had Florida or other avoid-NY-taxes out of state license plates on their cars before the election.

[–] yeahiknow3@lemmy.dbzer0.com 6 points 23 hours ago (2 children)

Why would any rational person move to Florida? Lmao.

[–] ameancow@lemmy.world 1 points 13 hours ago

Maybe if you own a business and want the freedom to dump your toxic waste directly into water sources.

[–] quick_snail@feddit.nl 1 points 18 hours ago

Not that it's a good state to be homeless, but at least you don't freeze in the Winter.

[–] ramenshaman@lemmy.world 7 points 1 day ago

escape to Florida

Lol

[–] aceshigh@lemmy.world 15 points 1 day ago (1 children)

They’ve been saying that wealthy people would leave nyc for at least 20 years. Fear mongering.

[–] quick_snail@feddit.nl 2 points 18 hours ago

A lot of people did leave, following covid.

[–] SlartyBartFast@sh.itjust.works 2 points 18 hours ago

What a surprise

[–] TankovayaDiviziya@lemmy.world 1 points 16 hours ago* (last edited 11 hours ago)

Rich people fleeing because of a "socialist^TM^" politician in power is a complete nonsense since FDR. Even Warren Buffet called it out. Sure, some leave, but it is usually just a handful who do.

I also think that many rich people decided to stay and buy property in New York is because they actually know that Mamdani is a more stable economic hand than GOP states such as Florida. Plenty of tycoons low key wish for America to "Make America, America Again" because they are anxious of Trump's chaotic economic policies; so much so that JP Morgan CEO threw his support on Mamdani.

[–] grue@lemmy.world 11 points 1 day ago (1 children)

I mean, it sounds like the number of millionaires leaving did go up. It's just that there are plenty of other ones willing to replace them.

[–] Soup@lemmy.world 9 points 1 day ago

These may have also been homes already up for sale.

[–] notsure@fedia.io 10 points 1 day ago

...as much as they campaign against it, wealthy people understand that when the chips fall, the "fairest of them all" always wins...they will steal and cheat as much for as long as they can, but most understand the guillotine...this is not new...this has been happening for about, quick and check my post history, 4000-3000 years...we decided pyramids were more effective and pretty...

[–] helvetpuli@sopuli.xyz 2 points 1 day ago (1 children)
[–] Drusas@fedia.io 1 points 22 hours ago

It's good for the well-off to be pro-socialism.

[–] UnderpantsWeevil@lemmy.world -1 points 16 hours ago

Not even sworn in yet and Mamdani is already failing to deliver on his promises of lower Manhattan rental prices.

[–] quick_snail@feddit.nl 0 points 18 hours ago (1 children)

This is bad. He's supposed to be making rent not go up

[–] qarbone@lemmy.world 4 points 18 hours ago (1 children)

These are house sales, not rentals.

[–] quick_snail@feddit.nl 0 points 17 hours ago (1 children)

And we shouldn't be able to buy houses? What's your point?

[–] qarbone@lemmy.world 1 points 16 hours ago

My point is he talked about tackling rampantly increasing rent prices, not making it easier to buy houses in NYC. There is not a feasible way he can make those multi-million dollar homes affordable for the types of people he spoke of helping afford rent in the city.

So rich people buying luxury homes (that seem to already exist) is outside the purview of his campaign promises, and don't reflect on him much except to say "rich people are also interested in Mamdani's future NYC."

[–] velindora@lemmy.cafe -5 points 1 day ago

Exactly. Zero things will change with him – good and bad, nothing will happen