PBD Podcast Mamdani WINS, NYC Residents PANIC, Prop 50 PASSES + Will The AI Bubble BURST? | PBD Podcast | Ep 679
29 snips
Nov 5, 2025 
Barry Habib, a four-time crystal-ball winner in real estate forecasting, joins commentator Brandon Aceto to delve into significant political and economic shifts. They discuss Zohran Mamdani’s recent NYC victory and its implications, including the mass panic among residents. The conversation also tackles the potential collapse of the AI market, examining its impact on jobs and what policies could mitigate risks. Additionally, they explore market trends, including mortgage refinancing and the effects of recent legislative changes.
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Victory Without A Broad Mandate
- Zoran Mamdani's victory reflects a fractured electorate rather than a broad mandate in NYC.
- His rhetoric and staff comments signal a divisive agenda that could reshape who moves into and out of the city.
Authoritarian Rhetoric Raises Concerns
- Tom Ellsworth warns Mamdani's victory carries authoritarian tones and activist messaging.
- He points to staff rhetoric framing political change as a 'jihad' and dismantling existing institutions.
Weigh Who's Leaving And Who's Arriving
- If you're concerned about policy-driven migration, consider where new residents will come from and who will leave.
- Evaluate tax, crime, and remote-work trends before relocating a business or family.
