With the election of a radical socialist mayor who has the potential to destroy the Big Apple’s economy, Florida’s real estate market is set for yet another boom. As Zohran Mamdani’s extreme left-wing policies take effect, Governor Ron DeSantis anticipates a mass migration of New Yorkers to the Sunshine State, which could drive Palm Beach real estate values to previously unheard-of heights.
DeSantis Predicts Florida Real Estate Surge Following NYC’s Socialist Turn
Florida Governor Ron DeSantis made his prediction during a recent bill-signing ceremony for public beach legislation. The Governor didn’t mince words about what Mamdani’s victory over former Governor Andrew Cuomo in the Democratic primary means for both New York and Florida.
Zohran Mamdani: We will stop Donald Trump’s fascism. We will use our power to “STOP ICE agents from deporting our neighbors.”
Paging Tom Homan 📞
— Defiant L’s (@DefiantLs) June 25, 2025
“Just when you thought Palm Beach real estate couldn’t go any higher… if this socialist mayor candidate wins in New York City, you’re going to see real estate values skyrocket in Palm Beach because people are going to get out of that city,” DeSantis remarked. The Governor further emphasized that Mamdani would be “way, way worse” than former NYC Mayor Bill de Blasio, whose tenure saw many wealthy residents abandon the city.
Mamdani’s Radical Agenda Threatens New York’s Economic Future
Zohran Mamdani, a Democratic socialist and Ugandan immigrant, shocked the political establishment by defeating Andrew Cuomo for the Democratic nomination. His platform includes policies that many conservatives view as economically disastrous, such as rent freezes, free public transit, city-owned grocery stores, and universal childcare.
DESANTIS ON ZOHRAN MAMDANI: "Palm Beach, Miami…there is an impact…it will affect the state of Florida. Not that we're wanting it to. When you have a candidate who wants to abolish the NYPD?"
"That ain't gonna end well…I'll tell you, we have a program in Florida where we… pic.twitter.com/R7XQYDeqnq
— Florida’s Voice (@FLVoiceNews) June 25, 2025
Even more concerning for business owners and high-income residents is Mamdani’s plan to raise the minimum wage to $30 by 2030 and significantly increase corporate taxes. His tax proposal includes a 2% tax on incomes over $1 million and hiring more tax auditors to pursue wealthy residents, precisely the kind of policies that could trigger another exodus to tax-friendly Florida.
Trump Joins Critics of NYC’s New Socialist Direction
Former President Donald Trump has also weighed in on Mamdani’s victory, calling him a “100% Communist Lunatic” on Truth Social. Both Republicans and many moderate Democrats have expressed alarm about the direction New York City appears to be heading with Mamdani’s rise to prominence.
“Florida Governor Ron DeSantis quipped on Wednesday that the potential victory of Democratic mayoral candidate Zohran Mamdani in New York City could trigger a significant migration to the Sunshine State, further fueling its booming real estate market.”
This potential migration would continue a trend that accelerated during the COVID-19 pandemic, when strict lockdowns and rising crime in New York drove many residents to Florida. The Sunshine State has benefited tremendously from its business-friendly policies, lower taxes, and commitment to personal freedom, which contrasts starkly with the socialist direction that New York City’s next mayor is likely to adopt.
Florida’s economic outlook remains strong as it continues to attract businesses and residents from high-tax, high-regulation states like New York. With Palm Beach and other Florida communities already seeing record-high property values, DeSantis’s prediction of even further growth seems increasingly likely as more New Yorkers seek refuge from Mamdani’s radical agenda.