Mamdani Won. South Florida Expects a Real Estate Bump: Some brokers and developers in the region are waiting eagerly to see if the election of a democratic socialist will drive more wealthy New Yorkers south.

Snippet:

• Mavens of the local real estate scene gathered in Miami on Wednesday with a gleam in their eyes. The night before, voters had cast ballots in an election that some brokers and developers speculated could fuel demand for South Florida property.
• The Miami mayoral election? Nope. The one 1,300 miles north, in New York City.
• “That seems to be all that people are talking about this morning,” said Stuart Elliott, the editor in chief and chief executive officer of The Real Deal, a national real estate publication, which hosted the forum on Wednesday.
• Florida’s Republican politicians, starting with Gov. Ron DeSantis, have been keen to stoke the chatter about a New York exodus. Mr. DeSantis has spent months crowing that Mr. Mamdani would be the “realtor of the year” in Palm Beach, driving up mansion prices as New Yorkers wary of his progressive policies voted with their feet.
• By Wednesday morning, Mr. DeSantis had posted a survey on X asking if Florida’s response to Mr. Mamdani’s election should be “Build a FL border wall,” “Tariff all transplants,” or “Recruit new transplants.” 🙄🙄🙄