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A tech tycoon whose parents fled communism has issued a dire warning about a looming dystopia under the leadership of New York City's new mayor Zohran Mamdani. Antonio García Martínez, director of app building platform Base, fears the Big Apple will see a surge in crime, anti-Semitic attacks and further insolation among its wealthiest citizens. The San Francisco native is in the process of relocating from California to New York but warned that his new home may soon look eerily similar to the hellish scenes at home he is eager to escape. San Francisco has suffered from soaring crime, homelessness and open air drug use which has been exacerbated by a series of liberal policies. Martínez sounded the alarm on Mamdani as 'prognostications from someone who saw this movie in SF', suggesting he fears the city will end up like his home. He predicted rent will skyrocket, the quality of public schools will diminish and that the local media will be 'flying cover for all of it'. Martínez shared his terrifying prophesy on social media just minutes after Mamdani was officially declared mayor-elect. 'Great time to mention that I've officially given up on the SF home search, and am moving to NYC to be closer to the Base team,' Martínez tweeted Tuesday night. 'My parents might have fled communism, but I'm moving to newly-elected socialism to work on onchain hyper-capitalism. Man plans and God laughs.' He said he was abandoning real estate shopping in San Francisco because it was 'too expensive, too much hassle' and was 'not even sure I want to be here long-term.' But he also disclosed his apparent fears for the city he will soon call home. Citing the crime way that has ravaged the Bay Area lately, Martínez warned that under Mamdani's leadership New Yorkers can expect a rise in unfettered shoplifting, car break-ins, assaults and all types of criminal activity. He warned the city's Jewish population will be 'living in fear as antisemitic attacks (already high) increase'. Martínez expects synagogues will have increased security costs, NYPD officers will get pulled from guard duty and that all things Israel-related will be 'sanctioned, canceled [or] denounced.' He warned the wealthy will 'insulate themselves via security and private spaces, and the working class will suffer the most as they depend on public [infrastructure].' Similarly, he noted, NYC's wealthiest residents will send their children to private schools while the public education system deteriorates. 'Schools likely wrecked as selective programs canceled for equity reasons: once again, the wealthy opt for private, and the smart poor kids [are] screwed,' he wrote. He predicted housing costs will surge because landlords will 'pull properties from the market' or 'demand sky-high premiums upfront'. 'Again, the wealthy can pay, but the poor will lose,' he added. Mamdani appealed to voters by pledging to tackle the soaring cost of living crisis, offering free city bus travel, childcare and city-run grocery stores. Critics claim he will drive businesses and wealthy locals out of NYC with planned tax hikes, worsen crime by sending social workers to 911 call outs - and turn buses into homeless shelters on wheels by making them free to ride. Up to 2.2 million residents indicated potential plans to flee if Mamdani won before polling day, with a large section of NYC's sizable Jewish population also spooked by the mayor-elects hardline anti-Israel rhetoric. Martínez, however, did recognize it is possible that Mamdani may struggle to actually implement his bold policies. 'Alternatively Mamdani ends up being as incompetent as he seems, and can't even pull it off while in office, and it's just deadlock for a few years,' he tweeted, adding: 'Could be worse.' Martínez warned that although NYC will 'suck' for several years, he believes the city will survive and 'eventually return to sanity'. Mamdani's victory capped a clean sweep for Democrats in the few big races of this off-year election, as Mikie Sherrill of New Jersey and Abigail Spanberger of Virginia easily won governor's races. Governor Gavin Newsom's Prop 50 campaign that will redraw California's congressional map and likely hand the Democrats five extra House of Representative seats also passed. President Donald Trump admitted Wednesday morning that the government shutdown contributed to Tuesday night's election losses for Republicans. While the president said he didn't expect his party to come out on top, he realizes the ongoing shutdown – now the longest in US history – could have hurt Republican candidates' chances even more.