Guno צְבִי
We fight, We win, Am Yisrael Chai
What say you MAGA retards in flyover country
‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, embarrassing predictions of doom
- Thread starter Guno צְבִי
- Start date
Guno צְבִי
We fight, We win, Am Yisrael Chai
Jonathan Miller, President and CEO of Miller Samuel Inc., told Fortune the trend of wealthy buyers scooping up luxury New York real estate has been on display all year, contrary to the only recent narrative of elites fleeing the city.
“Throughout 2025 on a year-over-year basis, overall sales have risen, prices have risen, sales have risen faster than inventory, rents have risen, rental activity has risen, and especially in October and November,” Miller said. “I’m looking at this anecdotal argument, and the plural of anecdotal is not data.”
High earners have plenty of reasons to come to or stay in New York, according to Miller. Wall Street saw is largest bonuses since 1987 in 2024, following a strong market, a trend that is expected to continue this year, as another banner year for Wall Street is expected to raise the payouts for investment bankers, traders, and wealth-management professionals by up to 25%, according to a November report from compensation consultancy Johnson Associates Inc.
This isn’t the first time panicked premonitions of a dispersal of New York residents to the suburbs. In the early days of the pandemic, many feared New York would become vacant as the wealthy fled to suburban vacation homes. While many wealthy New Yorkers indeed left the city, the five boroughs nonetheless gained about 10,000 millionaires between 2020 and 2021, according to state data. Manhattan even gained 17,500 residents in 2022, mostly migrants from other boroughs.
“Throughout 2025 on a year-over-year basis, overall sales have risen, prices have risen, sales have risen faster than inventory, rents have risen, rental activity has risen, and especially in October and November,” Miller said. “I’m looking at this anecdotal argument, and the plural of anecdotal is not data.”
High earners have plenty of reasons to come to or stay in New York, according to Miller. Wall Street saw is largest bonuses since 1987 in 2024, following a strong market, a trend that is expected to continue this year, as another banner year for Wall Street is expected to raise the payouts for investment bankers, traders, and wealth-management professionals by up to 25%, according to a November report from compensation consultancy Johnson Associates Inc.
This isn’t the first time panicked premonitions of a dispersal of New York residents to the suburbs. In the early days of the pandemic, many feared New York would become vacant as the wealthy fled to suburban vacation homes. While many wealthy New Yorkers indeed left the city, the five boroughs nonetheless gained about 10,000 millionaires between 2020 and 2021, according to state data. Manhattan even gained 17,500 residents in 2022, mostly migrants from other boroughs.
Jake Starkey
Verified User
It is both number of sales and prices....We'll see over the coming months.
There are reports that the wealthy are desperate to get out of NYC.....they might be dumping their homes in fire sales.....and people are buying thinking that they are getting a bargain......and will regret it.
Another thing: We are now lied to constantly.
There are reports that the wealthy are desperate to get out of NYC.....they might be dumping their homes in fire sales.....and people are buying thinking that they are getting a bargain......and will regret it.
Another thing: We are now lied to constantly.
Jake Starkey
Verified User
You are wrong. And you will be sad.
Define "you".
T. A. Gardner
Serial Thread Killer
Zohran Mamdani taps ex-con rapper who served 7 years for armed robbery as criminal justice adviser on transition team: ‘Insane’
Rapper-turned-activist Mysonne Linen did seven years in prison for armed robbery. Now he’ll advise Zohran Mamdani on crime.
nypost.com
Exclusive | NYC rental market in crisis — as tenants are priced out and rent-stabilized landlords rush to sell cheap
Mamdani’s win shows voters were eager to support anyone who pledged to bring the city’s notoriously high costs of living under control.
nypost.com
New York faces landlord exodus over Zohran Mamdani's housing plans
NYC landlords are scrambling to stop Mamdani's ascent, warning that the candidate's policies would "destroy" the city's rental market. But renters back him up.
www.newsweek.com
So, as usual, more socialism benefits the uber-rich and locks in their control over everything while the poor and middle class get screwed.
Jake Starkey
Verified User
You anti-Mamdani suckers are already sad. Look at you all. Sad, sorry bunch.
Defining pronouns is mandatory.
T. A. Gardner
Serial Thread Killer
How so? Isn't Mamdani supposed to be helping the poor and middle class, not the uber rich robber barons and trust fund children?
Dutch Uncle
* Tertia Optio * Defend the Constitution
Maybe more Americans are becoming inured from all the Alt-Right fearmongering?
Actually this is likely irrelevant....homes that closed immediately after the election were to people who had substantial money into the deal already....all this means (if true....no sure thing) is that they did not walk away and leave it.
Lets see what the situation is 90 days after the election.....better yet 180 days.
Lets see what the situation is 90 days after the election.....better yet 180 days.
Before the prices explode, as they will.
Jake Starkey
Verified User
Yes, the Trump economy is headed toward less affordability.
Remember, that is his term.
Remember, that is his term.
I've been hearing predictions of the demise of New York City since the 1980s.
Dutch Uncle
* Tertia Optio * Defend the Constitution
It's already there with the prices of food and Christmas decorations well up compared to last December.
All thanks to the Dementia Don's irrational trade policies. At least Biden had to contend with the pandemic and global supply chain problems. The current economy is all on Trump.
United States Inflation Rate
Inflation Rate in the United States increased to 3 percent in September from 2.90 percent in August of 2025. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com
tigerred59
Verified User
There is no way randoms are affording housing costs in NY and I hate to say it, but when Trump gives you a pat on the back....you sold your soul and the voters of NY to the devil himself. And Mandami is that guy. I wish him well, tho
Americans don’t understand NYC, it is an entity unto itself, exists bigger than any temporary government structure or monied interests. Mamdani, Trump, whoever, it will go on before, during, and after them
Guno צְבִי
We fight, We win, Am Yisrael Chai
NYC is a different country onto itself