Remember all that salacious fearmongering about the catastrophes that were about to plague New York City if Zohran Mamdani were to get elected mayor? One of those catastrophes was supposedly a mass exodus of the wealthy. In September, when Mamdani looked likely to be New York's next mayor, Fortune reported on a “torrent” of wealthy New Yorkers fleeing the city.

Now, Fortune is singing quite a different tune . “‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida” is the title of a December 4th article.

“There is no Mamdani effect,” Donna Olshan, president and founder of Olshan Realty, told Bloomberg . “The idea that people would flee New York was overblown. The numbers just aren’t bearing

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