Affluent, Unhappy New Yorkers Moving To South Florida In Droves

Affluent, Unhappy New Yorkers Moving To South Florida In Droves

“I have never seen such demand like this from New York before,” said Armando Codina, executive chairman of Codina Partners, developer of Downtown Doral.

Wealthy New Yorkers are ditching city’s high taxes for Miami

 

Call it fight and flight.

Affluent New Yorkers, financially distressed by recent changes to the nation’s tax laws, are bucking the Big Apple’s high costs and heading for an economic paradise — Florida’s Miami-Dade County area.

The famed resort is luring the disgruntled urbanites with the prospect of a considerable annual tax and cost-of-living savings of between $20,000 […] Read more

Social Media Influencers Seek Wealth Advisor Guidance

Social Media Influencers Seek Wealth Advisor Guidance

So far, working with a wealth adviser has been “amazing,” according to Im, who declined to say how much she pulls in annually from her YouTube channel.

“It feels really good to have someone in my corner that I trust, who is watching my investments every day,” she said. “It allows me to focus on other things that are important, like my family and creating new content.”

 

 

From Bloomberg:  Read the full article here

By

Jasmine Teng

Jenn Im started making YouTube videos as a hobby nine years ago, a way to express her love for turning thrift-store finds into stylish outfits.

Creating content for her […] Read more

Outback Steakhouse Founder Swaps Mansions With Hedge Fund Executive

Outback Steakhouse Founder Swaps Mansions With Hedge Fund Executive

 

By Brian Bandell  – Senior Reporter, South Florida Business Journal
Jul 10, 2019, 2:06pm EDT

FROM SOUTH FLORIDA BUSINESS JOURNAL– CLICK HERE FOR FULL ARTIClE

J. Timothy Gannon, the co-founder of Outback Steakhouse and Bloomin’ Brands, has exchanged Palm Beach mansions and millions of dollars with hedge fund executive Laurence M. Austin and wife Molly M. Austin.

Gannon sold his 7,005-square-foot beachfront mansion at 1300 N. Ocean Blvd. for $12.23 million to the Austins. On the same day, the Austins sold their 5,802-square-foot home at 235 Nightingale Trail to Gannon for $5.76 million.

The listing agent for the home at 1300 N. Ocean Blvd. was Lawrence […] Read more