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$14.995 million offering in Miami Beach. Photo: The Jills Zeder Group

New Yorkers are flooding sellers in places like Miami and Palm Beach "with offers, and the supply of available properties is plunging," Bloomberg reports.

What's happening: Florida’s tax laws have long been a draw for rich individuals, but the pandemic has increased the state's allure.

  • "What was the three-to-five year plan is now the three-to-five month plan,” Simon Isaacs, a Palm Beach luxury broker told Bloomberg. "If everything shuts down again, do you want to be stuck in an apartment in New York, or do you want to be stuck in a home in Florida?"

Go deeper

Hurricane Sally makes landfall in Alabama with "life-threatening storm surge"

A driver navigates along a flooded road as the outer bands of Hurricane Sally come ashore in Bayou La Batre, Alabama, on Tuesday. Photo: Joe Raedle/Getty Images

Hurricane Sally made landfall near Gulf Shores, Alabama, as a Category 2 storm on Wednesday morning, packing maximum sustained winds were 105 mph.

What's happening: "Historic and catastrophic flooding is unfolding along and just inland of the coast, from Tallahassee, Florida, to Mobile Bay, Alabama," the National Hurricane Center said, as the storm's eyewall was moving across the coast.

59 mins ago - Health

India crosses 1 billion COVID vaccinations milestone

A health worker inoculates a COVID-19 vaccine dose to a man wearing face mask of Prime Minister Narendra Modi in Beawar, India, in September. Photo: Sumit Saraswat/Pacific Press/LightRocket via Getty Images

India's Prime Minister Narendra Modi announced Thursday that the country's health workers have now administered more than 1 billion COVID-19 vaccines doses.

Of note: While this is a significant milestone for the country of 1.4 billion, which has been devastated by the coronavirus, only about 30% of the eligible population has been fully vaccinated against the virus, per AP. Roughly 75% has received at least one dose.

Trump says he plans to launch new social media network in 2022

Photo: Chris Delmas/AFP via Getty Images

Former President Trump on Wednesday announced plans to launch a social media network called "Truth Social," and that it would go public via a SPAC.

Why it matters: Most ex-presidents are focused on their legacies, by creating presidential libraries or engaging in philanthropic endeavors. Trump, however, remains consumed by social media.