Zohran Mamdani Wins New York City Mayoral Election—After Promising Sweeping Tax and Housing Changes

Democratic socialist Zohran Mamdani has won the New York City mayoral election, beating out former New York Gov. Andrew Cuomo and Republican candidate Curtis Sliwa. The race was called for Mamdani by the Associated Press around 9:34 p.m. on Tuesday—just over 30 minutes after polls closed. There w

Sell or Stay? The High-Stakes Decision Facing Real Estate Investors

To sell or to stay, that is the question.  And it’s not just baby boomers asking it (though many of them seem firmly in the "stay" category). Investors who cleaned up over the past few years—snapping up properties during the sub-3% mortgage era—are now rethinking their next move. With inventory

Upzoning Was Meant To Fix L.A.’s Housing Crisis—Is It Making It Worse?

Gary Mkrtichyan thought he was helping solve Los Angeles’ housing crisis. Last year, the general contractor broke ground on a small infill project in a single-family neighborhood—exactly the kind of construction California’s new zoning laws were meant to encourage. But nearly a year later, the

Texas Gov. Greg Abbott Threatens ‘100% Tariff’ on New Yorkers Who Want To Flee to the Lone Star State

Texas Gov. Greg Abbott has threatened to impose "a 100% tariff" on New Yorkers who want to flee to the Lone Star State if Democratic nominee Zohran Mamdani wins the mayoral election. In a post on X, Abbott said Monday: "After the polls close tomorrow night, I will impose a 100% tariff on anyone m