California has proposed the Billionaire Tax Act, which would impose a one-time 5% tax on residents worth over $1 billion. Page, whose net worth is $269 billion as of January according to Forbes, isn't giving California the option to tax him and is deserting the Golden State for a state on the opposite extreme of taxing the wealthy: Florida. The proposed bill, which doesn't appear on the ballot until November, would retroactively tax billionaires living in California as of January 1.
Now, Skykes, whose firm showcases multimillion-dollar deals in both Florida and the Northeast, said she's watching two Americas diverge in real time. In the Northeast, she's seeing bidding wars have returned in commuter suburbs like Monmouth County, N.J., and mid-Long Island, where buyers still fight for an acre and an elite school district. In Florida, by contrast, she described a market in withdrawal, nursing a hangover after a flurry of activity. "Just a couple years ago, we were being love-bombed and told how great we were," she said, citing Florida's burgeoning status as "Wall Street South," a new finance hub. Now, things are "flat" or even heading downward.
A lot of people are saying if you're in New York, the place to go for solace and peace and the chance- and promise has been Florida. The numbers don't lie. What has his candidacy since he won the nomination, two weeks away from the election, what has it done for Florida real estate? Kilmeade asked.