Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
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December 5, 2025
NYC wealthy buying houses
Rev Daley -Buyers signed contracts on 176 Manhattan homes worth $4 million or more in November, up 25% from October. "In the lead up to the city's mayoral race, critics of [Mayor-elect] Zohran Mamdani claimed his election could spur an exodus of rich New Yorkers, a critical tax base whose flight would hurt the city's finances and property market. But one month after Mamdani's victory, affluent homebuyers seem unfazed," Bloomberg's Paulina Cachero reports.
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