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Celebrities chef Andrew Guel joined ‘Varney & Co.’ To exploit the policies of Governor Gavin Newsom, warning that the middle class of California is disappearing as residents flee from the State and companies face ‘death for a thousand cuts’.
Although California and Florida share several similarities (warm climates, expansive beaches, large populations and diverse cultures, many Californians leave the state of high tax and very regulated and flood the luxury market of the state of Sunshine.
“Miami represents a new beginning, a refreshing restart. I think it is a place where policies, economy and lifestyle align very well,” the Mast Capital CEO, Camilo Miguel, Jr., whose company is developing the residences of Cipriani, Miami and the Miami Beach perigon, told Fox News Digital.
“It is definitely good for their wallets and helps them have a little more purchase power,” he continued. “The advantages here exceed the inconveniences there.”
In Cipriani under construction, 40% of their summer buyers came from the west coast. In the last six months, web traffic has increased by 14% to qualify just behind New York in terms of national traffic. In addition, in the perigon, approximately 10% of its buyers are from California.
The next moment inherited from Miami: city leaders say they are ready, right?
The units between the two buildings have initial prices that vary at low millions to $ 12.5 million, with the expected completion between 2027 and 2028.
The Californians are taking more and more real estate in Florida in reaction to high taxes and heavy regulations. (Getty images)
Broader scale, Liberated sheath data Earlier this year he showed that almost 240,000 residents left California from 2023 to 2024, the largest exodus of any state in the United States. More than 39,000 of those people moved to Florida during that period of time.
“I think it begins with the convergence of lifestyle and business: Zero State Income Tax, friendly business policies, outdoor life throughout the year. I think it is also a great transition for a California resident to move here to Florida due to the fact that you can still enjoy and embrace the outdoors, the fact that we are a great coast free.
“I think that convergence is very useful,” he expanded, “and it really has been a magnet for financial giants throughout the country … it is only a real estate history … Crime is undoubtedly a part of the discussion. I think the political climate arises, but in general, I think that the general quality of life takes the advantage in those conversations.”
The agent and managing director of Douglas Elliman, Joe Azar, speaks with Fox News Digital about why Miami owners are enlisting their properties faster than any other place in the United States.
Knowing that serious capital is flowing and Californians are not just windows, Miguel’s team increased its sales events in the Los Angeles area. The launch they bring is “very well received.”
“It goes back to the history of quality of life, the quality of the product, the quality of the environment,” he said. “I think that the people who buy here from California that we are selling to have the intention of moving here and living here … the intention here is to make this a complete relocation and make this their permanent movement in their permanent home.”
For Mast Capital, New York can remain at the top of its buyers migration list, but California brings almost equal value. TO May 2025 Report of the National Taxpayers Union Foundation Backs who claim, finding that the Golden State lost around $ 4.5 billion in gross revenues adjusted last year, with New York far behind, while Florida won approximately $ 4.1 billion.
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The ‘The Big Money Show’ panel analyzes how New York City is preparing for an exodus of its rich, since Zohran Mamdani continues to direct the mayor’s surveys.
“I don’t think California exceeds New York. And I’m afraid that it is a more organic and more natural extension in New York, Miami (IS),” said Miguel. “Miami has always been a place that New Yorkers have visited, on vacation and have celebrated second houses, although they are becoming main residents. But I think California will continue to be a second in the second place in New York in the future.”
“If you look at the national level, Chicago, Texas, Washington, DC, Boston, I mean, those are all the places where we are seeing buyers buying in Miami in our projects. It is quite interesting to see that the dynamics evolves and improves and grows,” he noted. “And Florida in general is really a little more than a higher performance to the country.”
