Real estate expert warns socialist mayoral candidate could trigger massive NYC exodus

Zohran Mamdani's candidacy for New York City mayor could have fallout on the city's real estate market if he prevails in this fall's election and is able to implement his socialist policies.

Mamdani's campaign has called for raising taxes on corporations, along with the city's wealthiest residents who earn more than $1 million annually. He has also called for implementing free childcare, creating city-owned grocery stores and raising the minimum wage to $30 an hour by 2030.

His platform...