Whispers of a ‘Mamdani effect’ have echoed among real estate agents in the Northeast, with many attesting to an exodus of New Yorkers to neighboring Connecticut suburbs. Zohran Mamdani’s recent mayoral win has shaken the city, and his unlikely rise to power has some real estate experts speculating that residents may swap the concrete jungle for suburban life. Mamdani is a self-described democratic socialist and ran on an affordability agenda, including freezing rents, raising the minimum wage, implementing government-run grocery stores, and universal child care.
Source: Daily Mail