What has happened in NY since Mamdani took office? Is there really an exodus? OH YES, there has been.
Since election night, Florida's Division of Corporations logged 47 NYC firms re-domiciling (up 300% MoM), including hedge funds like Icahn Capital and tech outfits eyeing Palm Beach. Texas?
Comptroller reports 22 relos, from fintechs to manufacturers, with Austin/Dallas booming. Realtors' in FL's NAR chapter says NY inquiries spiked 45% week-over-week,
TX is up 32%; median home searches from NYC ZIPs hit "red alert" volumes.
Businesses? Wall Street's prepping: Goldman whispers of satellite offices in Miami, Citadel scouting Houston.
Trump torched it from Mar-a-Lago: "New Yorkers, pack your bags—Florida's open, socialism's closed."
Even Nassau County's running "Escape the Regime" billboards luring Brooklynites with 20% tax breaks.
TX Gov Abbott's "100% tariff" X-jab? Half-joke, half-warning—his team's floating residency surcharges on high earners to stem the flood.
Popular destinations for those planning to relocate include the Carolinas, Florida, and Tennessee, primarily for lower taxes and more affordable living.