amid the coronavirus pandemic, causing rental prices to soar and leaving many priced out of the market entirely.
One Jersey City, New Jersey, couple who spoke to the Times, Jill-Mandy and Carlo Voutta, said they're renting a renovated 1930s "fisherman's shack" in Southampton for $10,000 a month, with the rental price set to increase to $12,000 a month starting in July.
The influx of visitors also started earlier than usual. The Hamptons rental season typically begins on Memorial Day and lasts until Labor Day,. But this year, because of the pandemic, families began renting homes in the ritzy Long Island area as early as March.
Homeowners that usually put their places up for rent have also been more hesitant this time around, according to the Times, leading to fewer available homes for visitors. On May 7, New York Gov. Andrew Cuomo extended the state's moratorium on evictions
Is this the havs scurrying away and hiding from the have-nots? “To him that hath, more shall be given; and from him that hath not, the little that he hath shall be taken away,” Percy Bysshe Shelley
Meanwhile Gov Cuomo complains his state lacks money. Increase taxes on all those millionaires!
Symbol for everyone's everyday life. Wealthy people will see their financial edge increase more and more, exponentially, over the coming decennies. Needless to say that poor people and middle class will have a hard time in the future overall...
Madness