Real estate experts Dolly & Jenny Lenz discuss affordability issues and the state of residential real estate.
Mother-daughter real estate experts Dolly and Jenny Lenz warn that if the Democratic socialist Zohran Mamdani wins the mayor race in New York City this fall, the Big Apple could see an external migration of residents.
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The Mamdani campaign is aimed at making one of the most expensive places in the country to live more affordably for residents. His proposals ask for multi -year rental properties and a huge investment in social housing.
However, the Lenzes said that those proposed rental properties could stop the New York City housing market and noted that they already have customers who are preparing to leave the city in preparation for the real estate climate under Mamdani.
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The mayor of New York City, Zohran Mamdani, speaks to members of the media during a press conference in New York City, USA, August 22, 2025. (Reuters / Jeenah Moon / Reuters)
The most popular affordable destinations that people go to are still states of low taxes such as Texas and Florida. According to the two experts, many Californians also come to Las Vegas, Nevada, to Las Vegas, Nevada.
New report reveals Mamdani those rivals in the battle for campaignonations of this important industry.
“Given all this Mamdani news, there are certainly many people on it,” said Jenny Lenz.
Mamdani – the former Governor of New York Andrew Cuomo defeated in the Democratic Primary – has an 81% chance of winning in November, according to data from interactive brokers that were assessed on Wednesday.
“He wins a lot,” said Jenny Lenz.
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In the past week, the opportunities of Mamdani remained over 75%, with his most important challengers having trouble getting a grip. Cuomo has The following best chances with a 20% chance of winning the mayor’s race, according to the interactive brokersmarkt.
