First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They were lured in by the favorable climate, luxury residential properties and most of all, substantial tax savings. Now, it is the multifamily investors who are heading to South Florida, and for a different reason: rent control, something the Sunshine State lacks. In June, New York state passed a sweeping rent reform law, expanding its protections for […]
source https://therealdeal.com/miami/2019/09/19/rent-reform-in-new-york-california-propels-new-wave-of-investors-to-miami/#new_tab
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