The Mamdani Effect: Wealth Flight and the Future of New York City

LISTEN and SUBSCRIBE on: Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on: https://www.youtube.com/@WatchdogOnWallstreet/featured Concerns are mounting over a growing millionaire exodus from New York, as high-net-worth residents eye the suburbs and sunnier states like Florida. Dubbed the “Mamdani Effect,” this trend has real-estate insiders buzzing and state leaders watching closely. Some predict Manhattan could drift toward “museum city” status, with corporate HQs kept for prestige while operations shift to lower-tax, business-friendly hubs like Dallas and Miami. As investors hedge and relocation chatter builds, one question looms: is New York entering a long-term era of economic calcification?