Celebrity chef Andrew Gruwell has joined “Varney & Co.” To blast Gavin Newsom’s policies, warning California’s middle class is disappearing as residents flee the state and businesses face ‘death of a thousand cuts’.
Although California and Florida share many similarities—warm climates, expansive beaches, large populations, and diverse cultures—many Californians leave the high-tax, heavily regulated, and flooded state for Sunshine State Luxury market.
“Miami represents a new beginning, a refreshing reset. I think it’s a place where politics, economics and lifestyle align very well,” said Camilo Miguel, CEO of Fox News Digital.
“It’s definitely good for their portfolios and helps them have a little more buying power.” “The advantages here outweigh the disadvantages there.”
At Cipriani under construction, 40% of its summer buyers came from the West Coast. In the past six months, web traffic has risen 14% to just behind New York in terms of local traffic. Additionally, in Perigon, about 10% of buyers are from California.
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Units between both buildings have prices ranging in the low millions to $12.5 million, with completion expected between 2027 and 2028.
Californians are increasingly snapping up Florida real estate in reaction to high taxes and heavy regulations. (Getty Images)
On a larger scale, Data for the centuries that have been released Earlier this year, it showed nearly 240,000 people leaving California from 2023 to 2024 — the largest migration of any US state. More than 39,000 of these people moved to Florida during this time frame.
“I think it starts with the convergence of lifestyle and business—zero state income tax, business-friendly policies, year-round outdoor living. I think it’s also a great transition for a California resident to move here to Florida because of the fact of what they’re still somewhat clarifying.”
“I think the convergence is very beneficial,” he expanded, “and it’s really been a magnet for financial giants as well from all over the country…it’s just Real estate story …Crime is certainly part of the discussion. I think the political climate is emerging, but overall, I think overall quality of life takes the lead in those conversations. “
Douglas Elliman agent and managing director Joe Azar talks with Fox News Digitizer about why homeowners in Miami are deleting their properties faster than anywhere else in America.
Knowing that serious capital is flowing in and Californians aren’t just window shopping, Miguel’s team has increased their sales events in the Los Angeles area. The pitch they bring is “well received.”
“It goes back to the story of quality of life, quality of product, quality of environment,” he said. “I think the people who buy here from California that we’re selling have the intent to move here and live here…the intent here is to make this a complete move and make this a permanent move into their permanent home.”
For Mast Capital, New York may still be at the top of a buyer’s migration list, but California brings nearly equal value. A May 2025 Report from the National Taxpayers Union Backs, they claim, found that the Golden State lost about $4.5 billion in adjusted gross income last year, with New York close behind, while Florida gained about $4.1 billion.
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“I don’t think California will Bypass New York. “I’m just afraid it’s a more organic, more natural extension of New York, Miami (IS),” Miguel said. Miami has always been a place where New Yorkers visited, spent vacations, and made second homes, even as they became primary residents. But I think California will still be a close second to New York going forward.”
“If you look at it locally, Chicago, Texas, Washington, D.C., Boston, I mean, those are all places where we see buyers buying into Miami in our projects. It’s interesting to see that dynamic development and improvement and growth.” “And Florida in general is really just kind of the underperforming country.”
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