Despite Its Glitz and Glam, The Hamptons Real-Estate Market is Looking Grim

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In the Hamptons, wealthy buyers are forgoing the South Fork for less expensive and more laid back second-home locales like the Hudson Valley and Long Island’s North Fork

For 10 years, New Yorker Dennis Crowley spent summer weekends in the Hamptons, the string of beachfront villages on Long Island’s eastern tip.

Splitting season-long “share houses” with friends, he noticed that the Hamptons “just kept getting more and more expensive,” even as the crowds increased. “You’d go to a coffee shop in Amagansett and wait in line 20 minutes,” said Mr. Crowley, now 43, the co-founder of the tech company Foursquare. Eventually, he and his now-wife, Chelsa Crowley, “realized that this isn’t our scene,” he said.

 

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They can have it!

don’t ruin the North Fork!

Not now WSJ!

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