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Concerns are mounting over a growing millionaire exodus from New York, as high-net-worth residents eye the suburbs and sunnier states like Florida. Dubbed the “Mamdani Effect,” this trend has real-estate insiders buzzing and state leaders watching closely. Some predict Manhattan could drift toward “museum city” status, with corporate HQs kept for prestige while operations shift to lower-tax, business-friendly hubs like Dallas and Miami. As investors hedge and relocation chatter builds, one question looms: is New York entering a long-term era of economic calcification?