Renewed wealth tax proposals in California coincided with a rise in billionaire Miami real estate purchases, as capital shifted toward jurisdictions offering greater long term tax certainty.
Private equity capital is no longer passing through South Florida. Firms are quietly allocating for durability, using the region as a control point rather than a destination.
Brightline Trains Florida skipped its second interest payment on subordinate municipal bonds in January 2026, and deep credit downgrades have driven speculative‑grade bond prices sharply lower, reshaping capital behavior in Florida’s municipal fixed‑income markets.
Jamie Dimon sold JPMorgan shares for the first time in his tenure in 2024, introducing a contrast between institutional confidence and personal capital flexibility.