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.
Don’t celebrate too early. The last thing they want is an experiment in Socialist Democracy, and if it is forced on them, like this, they will do ANYTHING to make it fail.
Mamdani’s got a rough road ahead, so we’ll have to help him resist all the ferocious propaganda and interference he’s going to face. We have to have his back, and make this experiment successful, so it can spread across America.
It’s like Chomsky talks about when he talks about the “threat of a good example”. I would not be surprised to see lots of little Eichmanns all trying their best to hamstring this, even if they are not as prominent (and as stupid) as Taco.
I’m not celebrating at all. Shit is way too serious.
However tiny sparkles of hope I do embrace.