DISPATCHES FROM THE BLUE ZONES: ‘They’re Going To Florida’ — How Mamdani Will Change NYC.

In an online version of Mamdani’s “Homeowner Policy Memo,” the mayoral frontrunner says he plans to “shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and white neighborhoods,” a dive into racial politics that may undercut his objective of being seen as a unifying figure.

In the memo, Mamdani explicitly puts forward a plan to “effectively lower tax payments for homeowners in neighborhoods like Jamaica and Brownsville while raising the amount paid in the most expensive Brooklyn brownstones.”

Both Jamaica and Brownsville are known for their large majority populations, while Brooklyn brownstones are of course popular investments for wealthier, whiter New Yorkers seeking more space at lower prices than what might be available in Manhattan.

I also came across this report from Union Bank of Switzerland claiming that Miami has the highest real estate bubble risk of any city in the world. Maybe that’s true now, but if Mamdani wins…