The Hamptons Summer Rental Market Is Facing an Unexpected Chill as Inventory Piles Up and Prices Come Down

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After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of last-minute price cuts.

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The Hamptons may also be feeling the flipside of recent price increases: Median rents for May were up 46% from May of 2019, before the pandemic. While the wealthy still have plenty of money to spend, they may be balking at the high rental prices, especially given the economic outlook. "The buyers removed themselves from the rental market," Morabito said."Now, all of the sudden the people who bought want to rent it and the renters aren't there. So you have this huge surplus."

 

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Lesson 1 in RE: Don't believe a word the broker - agent tells you. Lesson 2: Repeat Lesson 1.

While you talk about summer in the Hamptons… SEINFELD: George’s Girlfriend Topless… Laying Down on her Stomach?

The price is working the way round because of the unexpected chill

300k for a week in birdgehampton? What a joke 🤡😂😂😂

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