New York and California are no longer just losing residents — they are losing an entire economic class.
As 2026 kicks off a fresh wave of "tax the rich" rhetoric in traditional financial hubs, top Florida developers tell Fox News Digital they are seeing a massive, permanent surge in capital migration.
As 2026 kicks off a fresh wave of "tax the rich" rhetoric in traditional financial hubs, top Florida developers tell Fox News Digital they are seeing a massive, permanent surge in capital migration.
In just the last 60 days, two developers and one sales firm reported over $126 million in sales to buyers relocating from California and New York, signaling that the blue state exodus has moved from a temporary trickle to a flood of hundreds of millions of dollars.
Based on these latest numbers, the three real estate tycoons agree that this isn't just a slight uptick, but rather a compounding growth curve.
And while Florida’s tax benefits have long been the hook for new residents, the catalysts for a new wave of high-net-worth individuals are the rise of socialist-leaning policies in New York and looming wealth taxes in California. Just a thought.
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