Would Mamdani kill the luxury market?

One of the many fears raised by Zohran Mamdani’s Democratic primary victory is whether as mayor he would scare off New York City’s high earners. The question comes up whenever New York politicians propose taxing the rich, as Mamdani has. Real estate people, especially in the luxury residential and Class A office markets, are very […]This article originally appeared on The Real Deal. Click here to read the full story.