Actual property specialists Dolly & Jenny Lenz talk about affordability points and the state of residential actual property.
Mom-daughter actual property specialists Dolly and Jenny Lenz are warning that if Democratic socialist Zohran Mamdani wins the New York Metropolis mayoral race this fall, the Huge Apple may see an outward migration of residents.
“There’d be no constructing,” Dolly Lenz advised FOX Enterprise on ‘The Claman Countdown’ on Tuesday. “We’re getting so many calls … from individuals who say, ‘Look, if [Mamdani’s] in, I am out.’ They are going to vote with their ft, they are going to listing their residences, they usually’re shifting.”
DISCOUNT GROCER PLANS NYC EXPANSION DESPITE MAMDANI’S GOVERNMENT-RUN STORE PROPOSAL
Mamdani’s marketing campaign has been centered round making one of many nation’s costliest locations to stay extra inexpensive for residents. His proposals name for multi-year hire freezes and an enormous funding in public housing.
Actual property specialists Dolly and Jenny Lenz are warning that if Democratic socialist Zohran Mamdani wins the New York Metropolis mayoral race this fall, the Huge Apple may see an outward migration of residents. (FOX Enterprise / Fox Information)
Nonetheless, the Lenzes stated these proposed hire freezes may deliver New York Metropolis’s housing market to a halt, and famous they have already got shoppers gearing as much as go away town in preparation for the actual property local weather underneath Mamdani.
BETTING MARKETS SHOW MAMDANI MAINTAINS A BIG LEAD IN NYC MAYORAL RACE
“They are going to Greenwich, to New Jersey, to Florida,” Dolly Lenz advised FOX Enterprise. “They don’t seem to be going to be right here.”
New York Metropolis mayoral candidate Zohran Mamdani speaks to members of the media throughout a press convention in New York Metropolis, U.S., August 22, 2025. (Reuters/Jeenah Moon / Reuters)
The preferred inexpensive locations persons are shifting to are nonetheless lower-tax states like Texas and Florida. Many Californians are additionally flocking to Las Vegas, Nevada, in line with the 2 specialists.
NEW REPORT REVEALS MAMDANI LAPPING RIVALS IN BATTLE FOR CAMPAIGN DONATIONS FROM THIS KEY INDUSTRY
“Given all this Mamdani information, lots of people are actually on it,” Jenny Lenz stated.
A billboard in Instances Sq. promotes an anti-Zohran Mamdani message, New York Metropolis, New York, Tuesday, July 15, 2025. (Fox Information Digital / Fox Information)
Mamdani — who defeated former New York Governor Andrew Cuomo within the Democratic major — has an 81% likelihood of victory this November, in line with information from Interactive Brokers reviewed on Wednesday.
“He is profitable by loads,” Jenny Lenz stated.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
During the last week, Mamdani’s odds have remained above 75% together with his important challengers struggling to achieve traction. Cuomo has the subsequent greatest odds with a 20% likelihood of profitable the mayoral race, per the Interactive Brokers market.
Zohran Mamdani didn’t instantly reply to FOX Enterprise’ request for remark.
FOX Enterprise’ Eric Revell contributed to this report.
