Friday, October 31, 2025

NOT EXACTLY A SURPRISE

By Bob Walsh

 

Billionaires are spending big to stop Zohran Mamdani's NYC mayoral bid
 
 
It seems that the medium and high-end residential real estate market in the near-but-not-in NYC has gone batshit crazy over the last 2-3 months.  Its inventory is way down.  Like down 90%.  Prices are up.  The percentage of deals closing for all cash is up.  I suspect a significant number of high end income earners are going to run for the hills when/if Mamdani the Commie gets elected mayor next week. 

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