New York City’s political landscape just shifted underfoot. The election of Zohran Mamdani, a democratic socialist, has sparked a wave of reflection among high-net-worth New Yorkers. For many, it’s prompted a serious question: Is now the time to leave? And often, the answer is yes.

The election of Zohran Mamdani as mayor of New York City would come with a set of policy proposals that—whether fully enacted or simply anticipated—have the potential to push high-net-worth individuals, executives and international buyers toward alternative markets. Florida stands out as a clear beneficiary.