Wealthy CEOs and hedge-fund managers are flocking to Miami for the tax breaks, and it's creating massive waiting lists at the area's elite private schools

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Wealthy CEOs and hedge-fund managers are flocking to Miami for the tax breaks, and it's creating massive waiting lists at the area's elite private schools
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Miami's elite private schools are seeing massive waiting lists with students from New York, New Jersey, and California

top-ranked real estate broker in Miami-Dade County

by sales volume in 2018, said this influx of high earners has resulted in"an uptick in giant waitlists in all the private schools" in the Miami area. "I think a portion of that is being attributed to the tax reform with the migration of people from New York, California, Chicago, Illinois, New Jersey coming down here," Puig told Business Insider.Several top private schools in the area told Business Insider that they've seen increased interest from families moving from these states.

Miami Country Day School has seen an increase in applicants from New York, Boston, Chicago, Los Angeles, and Houston.

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