Florida Is The Top Ranked State For Wealth Migration

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More wealth is moving into Florida than any other state by far, according to the WSJ.

The report used data on where taxpayers recently moved, newly released by the IRS.

In the most recent year (covering 2020 income), taxpayers with a net total of $23.7 billion in adjusted gross income migrated to Florida.

Texas ranks a distant second, with $6.3 billion in AGI gained for the year.

New York and California were the biggest loserslosing $19.5 billion and $17.8 billion in AGI for the year.

(source: thenextmiami.com)

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Fort Lauderdale Votes To Move Forward On Elon Musk Tunnel System Study

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Fort Lauderdale commissioners voted to approve moving forward on a feasibility study for an underground transportation system using a network of tunnels designed by Elon Musk’s The Boring Company.

The system will be known as The Olas Loop, and will initially run 2.7 miles.

It won’t be a traditional mass-transit system, but will instead use Tesla cars that will be open to the public, which will ride through the underground tunnels.

Initially, it is planned to run from downtown to the beach, with a trip expected to take just 3 minutes, at ...

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Young, hip New Yorkers are bringing Midtown back

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Move over, Williamsburg. Here comes … Midtown?

The skyscraper-laden district stretching from 34th Street to Central Park South was disemboweled by the pandemic and continues to bleed office tenants. But while older office towers languish, young home buyers have flocked to the neighborhood, eager to take advantage of prices that haven’t soared like they have in the rest of Manhattan and much of Brooklyn.

The pandemic accelerated a pre-pandemic trend of hipper residents moving to Midtown, as stodgy bankers and executives moved away, usually for bigger spaces elsewhere in the city or ...

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Increase in listings calms frenzied NYC sales market

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The frenzied pace of the New York City sales market is calming down, a result of more listings on the market and slowing demand. With less competition, buyers have gained some breathing room—they can take a day or two to make an offer—something not possible in recent months.

It’s not exactly a swing from a seller’s to a buyer’s market, at least not yet—it’s more like a nudge.

You can expect a slower pace to return this summer, when the market usually ...

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Manhattan Luxury Reality Check

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Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant, because it is!

With this report, we are going to tell you at what prices luxury properties are actually closing and what was their actual negotiability factor, anybody interested in getting a discount?

There were 122 closings at $4 million and above in April 202258 less than March. The Average Closing Price was $8,462,744 down -12,6%, meanwhile, the Median Closing ...

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Miami Now Wants To Host The Soccer World Cup Final In 2026

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Miami is now making a push to host the World Cup final in 2026, according to the Palm Beach Post.

Tom Garfinkel, the Miami Dolphins CEO who has brought Formula 1 racing and the Miami Open tennis tournament to Hard Rock Stadium, is behind the effort.

According to Garfinkel, FIFA is impressed with Hard Rock, and they “understand the importance of Miami as ...

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