NY Post: Wealthy New Yorkers Are Moving To Miami In Droves To Save On Taxes

Miami is benefiting from recent changes to tax laws that makes it much more expensive to live in New York, according to an article the NY Post.

The article was published yesterday and is the highest trending in the Post’s business section as of this morning.

Wealthy New Yorkers can save hundreds of thousand in annual taxes by relocating to Florida, the article stated.

63,722 New Yorkers migrated from New York to Florida during the 12 month period ending in July 2018, and Florida was the number one destination overall for Americans moving during the year.

Armando Codina’s Downtown Doral has developed a website to take advantage of the exodus from New York, called Unhappy New Yorkers.

Among those relocating  to save on taxes was the mother of NY Congresswoman Alexandria Ocasio-Cortez, the website states. “I was paying $10,000 a year in real estate taxes up north. I’m paying $600 a year in Florida. It’s stress-free down here,” she said.

At Downtown Doral, Codina expects a quarter of buyers to be from New York, adding another 5,000 ex-New Yorkers to the community of 60,000.

 

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Anonymous
1 year ago

Better bring their firms and jobs with them. Miami can’t survive just on tourism, we need a vast variety of jobs in finance, tech, pharma etc.

Anonymous
1 year ago

You obviously aren’t paying attention to the growth in industry outside tourism. Miami has one of the fastest growing tech scenes in North America.

Anonymous
1 year ago

Source?

Anonymous
1 year ago

?Which major tech companies are in Miami? Do they have their HQ in Miami? What about pharma companies? Or any other major company?

Anonymous
1 year ago

Yes! CVS!

Anonymous
1 year ago

Presidente super market and Sedano

Anonymous
1 year ago

Burger King.

Anonymous
1 year ago

i’ve got a whopper

Anonymous
1 year ago

LMAO – you are all nuts on here. Miami is a latin house of cards

Anonymous
1 year ago

Chao! Don’t let the door hit you where the good lord split you!

Anonymous
1 year ago
Anonymous
1 year ago

Kauffman Foundation or the book “Start-up Cities”

Anonymous
1 year ago

Questionable statement…

Anonymous
1 year ago

Really?
It doesn’t show…
Where are you getting this figure?

Anonymous
1 year ago

LMAO

Anonymous
1 year ago

Dumb millennials can’t stick their heads out of social media

Anonymous
1 year ago

On a percentage basis, but the numbers are still very very small.

Anonymous
1 year ago

…went from 30 tech jobs to 90

Anonymous
1 year ago

What the hell? Is this the old guy that formerly led the Beacon Council?

Read the Kaufman Report…
Learn about how Miami International Airport deals with Pharma.
Notice that nearly every internationally chartered bank is on Brickell with the legal support necessary.

With all the colleges and Universities in Miami, it always amazes me that so many are uneduacted.

Anonymous
1 year ago

If I were a rich New Yorker, why would I buy in Doral? With the money I would save in taxes I would be able to afford Brickell or the Beach. And if I’d wanted a suburb I’d move to CG or even Pinecrest.

Anonymous
1 year ago

What makes you think that all these New Yorkers moving to Florida are rich?

Anonymous
1 year ago

The article literally says wealthy New Yorkers. But even for middle class New Yorkers, Doral is heavily overrated. Plus, I do not think many non-Hispanic New Yorkers will feel comfortable moving to a place where they will be a minority. They would probably prefer Broward. Sad but true.

Anonymous
1 year ago

The article starts out saying “Miami is benefiting from recent changes to tax laws that makes it much more expensive to live in New York, according to an article the NY Post,” first. Talking about how wealthy New Yorkers can benefit by relocating is mentioned second.

As of now, Florida is still benefiting from the no state tax law but, remember, Florida is the 3rd most populated state in the country so we’ll see how long that tax law holds. Also, insurance in South Florida is very high so there are other things that these New Yorkers have to consider than just feeling uncomfortable about being a minority in Miami and other cities in South Florida.

Anonymous
1 year ago

Huh? Texas is the 2nd largest state–bigger than FL by far–and they also have no state tax.

Anonymous
1 year ago

If that is the yard stick, you can forget Broward. I live in Broward and frankly I feel that way too. Every where you go in Broward it’s the same thing. Locals have left Broward in droves and continue to leave. Don’t even think about Orlando and Tampa. Hardly anyone speaks English there as well.

Anonymous
1 year ago

Moved to Martin County 10 years ago from East Kendall. Never looked back. The whole area is now covered in the classic Cuban red terracotta. These fucking people have an aversion to nature and they’re all so obese. At least they voted for Trump, MAGA

Anonymous
1 year ago

That is a post Cuban Trumpeters must read, they are openly discriminated against by the people they support in the elections. Thankfully, the More Newyorkers move to South Florida, The Bluer our state will become.

Anonymous
1 year ago

if i were a rich New Yorker i would buy in hialeah

Anonymous
1 year ago

me too – we’d be neighbors.

Anonymous
1 year ago

Quae ?

Anonymous
1 year ago

Get in on the ground floor..there are already some trendy restaurants there..

Anonymous
1 year ago

Yes this article is BS. I sell luxury real estate and no, I am not seeing rich New Yorkers moving to Miami. I do not think they would come here. I think if any are coming down they are headed to Palm Beach, Naples, Tampa, Central Florida and Broward.

Anonymous
1 year ago

Just another article that will bring the same, never ending discussion!!

“They come from liberal states with high taxation to a conservative state with low taxes … to vote for liberals that will increase the taxes, the same way they did on the states they were moving from ….

Now, let’s the arguments start …from the right or from the left !!!!!

POLO
1 year ago

For your information, Trump increased the taxes of New York and other liberal states by eliminating the deduction of state taxes among others!!

Anonymous
1 year ago

Trump’s boys put a limit on how much a homeowner can claim a tax deduction on their home also.

Anonymous
1 year ago

make no mistake poor liberal leadership policies have fleeced the working class and now the wealthy are at there limit as the saying gos the problem with socialism is you always run out of other peoples money

Anonymous
1 year ago

“poor liberal leadership policies have fleeced the working class”

This is why it’s a known fact that tuning in and listening to conservative talk shows will rot your mind. Cons conveniently forget about GW Bush’s unnecessary wars. I guess it’s easier for cons to wear blinders and ear muffs and let some other con tell them what they see and hear.

Anonymous
1 year ago

blame the state tax most dont have one unless they are being run irresponsibly

Anonymous
1 year ago

Trump or no Trump , they have high taxes
( liberal policies implanted way before Trump) and you proved my point of the “never ending discussion “?

Anonymous
1 year ago

Only thing you mean to Trump is a vote. You’re too poor for Trump to be concerned with.

Anonymous
1 year ago

If that! Poor suckers! If he promised you a piece of land on the moon you would vote for him. Basket of deplorables! How is that infrastructure coming? The “Wall”? Oh, by the way the people in Appalachia are still waiting for their new coal mines? Is he still paying off farmers with hard earned tax payer millions of dollars to compensate for the tariff blunders with China? We’re bringing home the American companies that left for China back to the US. They’re coming back in droves! Name one! You believe the lies because you’re obviously a sucker!

Anonymous
1 year ago

Remember, Trump said he could shoot someone in the middle of Times Square in NYC and get away with it.

Anonymous
1 year ago

All I gotta say if you move from a blue state to a red state don’t vote for the same people who raised your taxes. #TRUMP2020

Anonymous
1 year ago

Ok, so you’re saying don’t vote for Trump then? Because his tax policy is the reason New Yorkers are moving away…

Anonymous
1 year ago

That’s not how it works buddy. Local officials play a big part of what someone pays in taxes. Why would people be moving away from California also? One reason: THEY ARE CONTROLLED BY DEMS!!!

Anonymous
1 year ago

Trying to explain the obvious to you republicons is like try to get an autograph from a lion.

Anonymous
1 year ago

liberal tax and spend states have been subsidized by responsible conservative states for decades free ride over

Anonymous
1 year ago

It’s a known fact that the so-called “blue states” tax dollars are paying way more for “red states” welfare recipients than the other way around.

Anonymous
1 year ago

There are more welfare recipients in red states than blue states.You know all those backward uneducated southern and Midwestern states the live from hand to mouth? Yep fertile ground for suckers. You all love te Kool aid

Anonymous
1 year ago

No no way libbie ! you can take that fake news back, and by the way, please move back to NY.

Anonymous
1 year ago

That’s all we need, more obnoxious New Yorkers

Anonymous
1 year ago

I don’t comment on internet articles, but this is comment hilarious. You think CT, MA, NJ, CA, are subsidized by the red states? The brainwash is real.

Anonymous
1 year ago

Remember, these are the same people who’ll vote for a man that said the soldiers of the revolution (during the war of independence with England) took over the airforce (England’s) and the airports.

Anonymous
1 year ago

Um, people have been fleeing New York and California many years before Trump. It’s just with the economy hot, the effects are augmented to go where it’s best.

Anonymous
1 year ago

Having lived in Washington state, I can’t tell you how many people moved there and Oregon from red states.

Anonym
1 year ago

California has the 6th largest economy in the world. What does Alabama has?

Anonymous
1 year ago

which state has more debt… ?

Anonymous
1 year ago

They don’t have late term abortions where babies are murdered after they are born , and they don’t have sanctuary cities

Anonymous
1 year ago

Lol. Not true! Faux news garbage.

Anonymous
1 year ago

Maybe if you watched Fox News, you’ll be better informed

Anonymous
1 year ago

Hey Millennial— The state of NY — the state of NY — has high taxes — very high — they used to deduct their state taxes from their federal taxes and screw the red states — not any more

Anonym
1 year ago

The cult of Trump. Nothing this idiot (Trump) say and do is wrong with these people.

Anonymous
1 year ago

This is an article from The NY Post based on information given by a Real State investor, who claims that because AOC unhappy New-Yorkers are leaving the Big Apple to move to Doral, a subdivision with zero mass transportation and surrounded by Miami-Dade County’s Landfills.

Anonymous
1 year ago

I actually know a company moving their headquarters to Miami. It’s so true.

Anonymous
1 year ago

The irony that AOC’s mom, who’s daughter wants to raises taxes, left a high tax state for fl….

Anonymous
1 year ago

Um, the article’s first sentence states “recent changes to tax laws that makes it much more expensive to live in New York, according to an article the NY Post.” One big part of the new tax law changes is a cap placed on how much a homeowner can claim on the value of their house, and these changed happened under your boy Trump and the Republicans, and that’s one big reason AOC’s mom and others left and are leaving New York.

Anonymous
1 year ago

Reading these comments from my neighbors and all I can say is: Floriduh. National embarrassment lives here.

Anonymous
1 year ago

They go Ft lauderdale and up…….

Anonymous
1 year ago

No one from NYC would ever consider Doral. gimmme a break – even Brickell is nothing but a suburban one dimensional feel … this article is bonkers.

Anonymous
1 year ago

So what would two dimensions in Brickell feel like?

Anonymous
1 year ago

New Yorkers have always like Miami because they don’t have to sacrifice city life, culture and diversity for nice weather! For proof, go to a NY JETS game at the Hard Rock.

NYC Loves Miami
1 year ago

Bingo! And it’s a 2hr 45min flight, so we’re back home in no time. Many snowbirds in NY.

Anonymous
1 year ago

well stop trying to make this city like new york because it’s two different places.

Anonymous
1 year ago

First of all, NYC is over a century plus years older than Miami. Second of all, who’s trying to “make Miami” like NYC? Heck, Miami can’t even get a simple transit system from downtown to Miami Beach going.

People need to stop beating their chest when it comes to Miami because regardless of what you may think, Miami is still pathetic in a lot of categories compared to some other cities in this country and world.

Anonymous
1 year ago

True sadly but so is NYC, even though most New Yorkers don’t know it. It’s woefully behind Singapore, Hong Kong, Shanghai, Seoul, Dubai in most areas, and even finally starting to fall behind other European cities in certain areas too.

Most American cities are but it’s NYC’ers especially, in this country, that somehow think they are special and the hot shit when they really are not, compared to the global stage.

Anonymous
1 year ago

No, you’re bonkers.

Anonymous
1 year ago

Yes but please don’t move to Florida to vote for the same blue idiots that increased taxes in NY.

Anonymous
1 year ago

This is not some new phenom that just begun. People from NYC have been moving to Miami and other parts of Florida for decades and decades. For the longest time Miami was referred to as NYC’s sixth burrow. People who look at this as something unheard of are youngsters who’re too dumb to realize that this world didn’t just appear only a few years before they were born. Please do some research and learn some facts before spouting off.

Anonymous
1 year ago

The primary word in the article was “wealthy.” These are ppl who don’t need to worry about a job to bring in their income.

This won’t be sustainable long-term for two reasons:
1) The job market in South Florida isn’t robust enough to attract and keep that type of talent pool. They’re used to Fortune 500 companies, Tech Startups and more. All we have here are some cruise lines (which are Fortune 500 companies of course) and Burger King. The breadth and depth of the job market will keep this lower than it could be.

2) These are ppl used to having a mass transit system at their disposal. There is nothing here that can compare.

Long term this trend will be primarily for people that work in legal and financial services. Beyond that it won’t have much traction.

Anonymous
1 year ago

A middle class income in NYC is considered wealthy in Miami. Just saying.

¯\_(ツ)_/¯
1 year ago

Well, a NYC middle class income is considered wealthy in most of the country.¯\_(ツ)_/¯

Anonymous
1 year ago

Do you read what you write?? First you say these “ppl” don’t worry about jobs and then you say it’s unsustainable because the job market isn’t robust. Que??

Anonymous
1 year ago

To go from New York to Doral!!!!
Wow, surely that’s a tax loophole.
What wealthy N Yorker see wants the Palmetto and Everglades?

Anonymous
1 year ago

Don’t vote for the same blue Dems that raised the taxes over there in NY when you move to Florida

Anonymous
1 year ago

Yeah, just keep on putting the same red Repubs in office and don’t be surprised when he or she tell you that another school was closed because of budget shortfalls but he or she damn sure gives their backing and blessing to the Republi-con in the Oval Office that started another war with some country in a far off land whose soldiers still use muskets and machetes.

Anonymous
1 year ago

You need to stop watching CNN!! They spill this garage. Totally FAKE NEWS!

don’t be mad when trump wins again in 2020!!!

Anonymous
1 year ago

Sorry, but don’t have the rotting gut that it takes to consume the garbage that Faux Snooze puts out like you do.

Anonymous
1 year ago

New Yorkers move to South Florida for better weather and lower taxes?!
Shocking!
Talk about your recycled AI-looped article…

Anonymous
1 year ago

great. More voters that will flip the state against the trumpet.

Anonymous
1 year ago

that’s not a good thing.. We need to keep Florida red!

Anonymous
1 year ago

Yeah! Keep Florida as red as the tides! Hooray for deregulation!

Anonymous
1 year ago

I guess he meant to say “keep North Florida red.”

Anonymous
1 year ago

Fanjul Brothers own Democrats, too.

Anonymous
1 year ago

One thing is red. Other thing is the orange clown. Trump is not republican. He’s a POS.

Anonymous
1 year ago

Lol, I’m sure they will all be so thrilled to live in the failed city of Miami with its trash, ridiculously bad city services, zero tree canopy, tiny parks, no transit, rising sea levels, ridiculous insurance rates, and overall terrible architecture. By comparison, New York is a utopia of green space, parks, culture, great architecture, and hundreds years of history. But you can always go to the beach for some skin blistering sun, seaweed, fecal matter, or flesh eating bacteria.

Anonymous
1 year ago

… and in New York City you can always get a studio apartment the size of a Tuna can.

Anonymous
1 year ago

You’re really stupid aren’t you?

Anonymous
1 year ago

What a brilliant reply lol.

Anonymous
1 year ago

cheap fuckers

Anonymous
1 year ago

It is very disappointing how so many are unaware or uninformed about Miami’s economic drivers.
Leadership Miami is a great program to introduce young people to the leaders; political, philanthropic, economic and cultural.

Please get educated, or stop posting from you ill-conceived notions.

Anonymous
1 year ago

In the old days saying the Greater Miami area meant all of Southeast Florida

Anonymous
1 year ago

Yes they come here and go to the Marlins game in a Mets uniform.

Anonymous
1 year ago

Article quotes census data supporting NY’ers moving to FLORIDA NOT MIAMI. Then the article quotes CODINA, the real estate mogul as ESTIMATING that 1 in 4 of his 60,000 units will be bought by NY’ers. This is a complete ADVERTISEMENT. NEW YORKERS are NOT moving to MIAMI in droves. Only South Americans are moving to Miami in droves. Anyone living in Miami knows this. What a BS article. Click bait hard-on writing for realtors.

Denny
1 year ago

I moved from NYC to Miami BEACH over 10 years ago. It was a culture shock due to the slow pace …YES.. slow compared to NYC but I wouldn’t have it any other way (:
Life is too short to live in the HELL that is NYC! You could NOT pay me to go back!!!

Anonymous
1 year ago

I am sorry, I do not speak Spanish! I can’t move to Miami and feel like I am in some Latin country.

Anonymous
1 year ago

I hope all those additional people don’t help the state to sink faster.

Anonymous
1 year ago

I love AOC, can we steal her from NY as well. We really need people like her representing us here in Florida.

iFlyMIA
1 year ago

We’re full.

Anonymous
1 year ago

I think it’s spelt “fool”

Anonymous
1 year ago

why don’t you move out then?

Anonymous
1 year ago

Well, whining about something you can’t control is easier.

POLO
1 year ago

You are full of SHIT!!

Anonymous
1 year ago

No need to get vulgar Marco

A. Nonymous
1 year ago

Folks moving from NYC are used to living in luxury high rises, which we have in abundance. There’s plenty more central core land for such developments.

Anonymous
1 year ago

Yep!

Anonymous
1 year ago

yes!! Brickell can easily triple it’s population and still “feel” empty.