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Armando Codina is a casual New Yorker. So disgusted, in fact, he created a website about it to discern more like minds. Now, more alone, it’s Floridian.
“New Yorkers came to Florida to buy a moment home. Now they come to live here,” he says.
It’s simple, really. Money. You can save in Florida.
And if there’s one thing the pandemic and recent protests have shown other Americans living in the three-state area, Manhattan, Jersey City, White Plains… those don’t seem to be in the scene of a public fitness emergency. . Civil unrest and terrifying times are concentrated in the city. Something similar happened in Fort Lauderdale, Miami, West Palm Beach, Naples, Orlando, Tampa Bay …?
Aleven, although Miami also had protests after George Floyd’s death at the hands of police in Minneapolis, this has not been so uninterrupted in New York. And the pandemic isn’t that bad. Restaurants have been open for weeks.
The maximum post-pandemic w is likely to increase anger toward the states of the light belt. Florida’s at the forefront.
Anyway, who wants that whole workplace to be deceptive in Manhattan? Now there are people who do the same thing in the house as in the center of a city skyscraper, which stinks of money.
Broadway twarmers are closed. Now there is a proliferation of virtual monitors with the Zoom camera theme for theater lovers to get their theatrical solution.
The New York escape accelerated with Republican tax cuts. National and local tax deductions were eliminated. Even Governor Andrew Cuomo admitted it.
In 2018, the New York metropolis deceived an average of a hundred other Americans per day, the peak of them to Florida. Now it’s closer to 270 a day.
Relief from the national and local tax deduction has doubled the tax rate for those living in the city. The deduction is now limited to $10,000 for national and local taxes.
“I’ve been having this verbal exposure with other Americans for a while. I own the car sales station on Long Island and New Jersey (MBB Auto Group). I have a position in New York. I have a farm in Connecticut.” Codina says. “I’m very excited about the days I spend in New York now.”
The state and local source of tax coins in New York is about 13% for those earning h8. People can also deduct it from their federal source of tax currencies, reducing it to about 6.5%. Here we go. Codina began her unlucky New Yorker crusade to woo them in their genuine property homes in Florida.
His firm, Codina Partners, has two new developments: one in Miami and the other in Naples. They didn’t expect big apple buyers from the pandemic. Instead, other Americans in the three-state region exceeded expectations. They came. They saw. Moved.
Their Canarian homes in downtown Doral (in Miami-Dade County) sold 175% more homes in May 2020 than in May 2019. Its Maple Ridge (in Ave Maria / Naples) sold 33% more homes sold in May 2020 than in May 2019 Not everyone will be permanent residents.
Two years ago, Barry Sternlicht’s Starwood Capital Group began searching for offices in Miami. There was a position in a house, however, he was looking to work dazzlingly in the expensive three-state area. He didn’t want a big Appleone in government to know he was considering rescuing Greenwich, Connecticut because he allegedly didn’t feel compelled by politicians to stay. So when he discovered a position, he was supposed to announce his move and it would be final, other Americans said near the deal. He discovered a position and his company apple now has its headquarters there. He’s a Floridian now.
Others in economic markets have been moving for years, some of which left the city after the 9/11 attacks. The coronavirus pandemic stands out as a similar attraction, judging by recent home sales in just two houses owned by Codina.
It’s not just high-end staff who are on the move.
The low-to-medium elegance staff also leave New York and the beloved Northeast.
Alexandria’s mother, Ocasio Cortez, left New York more than a year ago, raising the price of living and taxes h8.
It’s very open when it comes to saying that other Americans leaving the state is like having a half-primary attack. A great source of coins in other Americans that leave is one thing. But entire corporations that are leaving are seriously damaging New York’s tax base, a base that wants to fund essential staff and services, not mentor the city’s pension plans.
With the recent protests, New York City looked a little south of Florida just before a hurricane. The points of sale were addressed for damage to the assets.
“I was watching CNBC the day NYSE started trading on the market for more than a week,” Codina recalled in a phone interview this week. “If he went to the paintings on the stock market, he wouldn’t be able to get in if he came by subway. So no user who painted there came by train. Unless I live downtown, in those beloved apartments, I couldn’t paint.” he says. “And you pay $5,000 a month to live near the stock market. You can buy a misleading amount for this, the maximum remnant of your coins and have a stalwart friend and another quality of life. It’s never a mass exodus, but I’m bound to this is a trend that doesn’t happen.”
I spent 20 years as a journalist for top productive in the industry, adding as a member of the staff founded in Brazil for WSJ. Since 2011, I have focused on business and making an investment in the